Escolar Documentos
Profissional Documentos
Cultura Documentos
PERIODO
1ER AO
2DO AO
3ER AO
TOTAL
SALDOS
AMORTIZ
CAPITAL
CAPITAL
5,839.57
1,624.07
4,215.50
1,867.68
2,347.82
2,147.83
200.00
200.00
5,839.57
Principal
Tasa de inters
Tasa de Impuestos
N Cuotas anuales
Cuota excel
Cuota frmul
$2,500.00
$2,500.00
1,860.43
$5,708.06 0.22813125
0.52088
875.93
632.32
352.17
$5,708.06
15.0%
30%
3
Es - Pago (Tasa;nper;va;vf;tipo)
Monto =
INTERES
2500
0.5209
0.22813125
CUOTAS
2,500.00
2,500.00
2,500.00
200.00
7,700.00
OTAS
2,500.00
2,500.00
2,500.00
200.00
7,700.00
PERIODO
1ER AO
2DO AO
3ER AO
TOTAL
Principal
Tasa de inters
Tasa de Impuestos
N Cuotas anuales
Cuota excel
Cuota frmul
$3,368.83
16.0%
30%
3
$1,500.00
$1,500.00
$3,368.83 0.24974336
0.56090
Es - Pago (Tasa;nper;va;vf;tipo)
$3,368.83
1500
0.5609
0.24974336
OTAS
,500.00
,500.00
,500.00
200.00
,700.00
CASO 2 FINANCIAMIENTO
S/. 1,000
16%
16%
30%
Cuota
prstamo =
excel
n=
Tasa Activa
Aos
1
2
3
Prstamo =
Es - Pago (Tasa;nper;va;vf;tipo)
S/. 445.26
S/. 1,000
16%
Impuesto =
30%
CRONOGRAMA DE PAGOS DE LA DEUDA
Saldo
Capital
Intereses
S/. 1,000
S/. 285
S/. 160
S/. 715
S/. 331
S/. 114
S/. 384
S/. 384
S/. 61
Dado que la tasa activa como de arrendamiento son iguales las cuotas son las mismas
FLUJO DE EGRESOS DE LA DEUDA
Aos
1
2
3
Pago
-S/. 445.26
-S/. 445.26
-S/. 445.26
Escudo fiscal
de la
depreciacin
Escudo fiscal
de los
intereses
100
100
100
48
34
18
Cuota de
arrendamiento
Escudo fiscal
de las cuotas
-S/. 445.26
-S/. 445.26
-S/. 445.26
S/. 133.58
S/. 133.58
S/. 133.58
Flujo neto
S/. -312
S/. -312
S/. -312
S/. -935
-S/. 700
-268.69
-231.63
-199.68
-700.00
S/. -700.00
Aos
1
2
3
4
5
6
7
8
9
10
Pago
-S/. 445.26
-S/. 445.26
-S/. 445.26
S/. 0.00
S/. 0.00
S/. 0.00
S/. 0.00
S/. 0.00
S/. 0.00
S/. 0.00
30
30
30
30
30
30
30
30
48
34
18
0
0
0
0
0
Flujo neto
-S/. 367.26
-S/. 380.95
-S/. 396.83
S/. 30.00
S/. 30.00
S/. 30.00
S/. 30.00
S/. 30.00 En horizonte 3 aos
30
30
0
0
VAN
S/. -776.32
S/. -853.94
S/. -823.09
WACC
8%
Leasing
Desembolso
2
2,601
VAN
Rec IGV
$8,881
-$2,288
$6,592
Contado
Desembolso
$13,300
VAN
VAN Neto
Rec IGV
$2,643
$10,657
-$2,217
$8,440
3
2,656
2
798
4
2,714
3
798
2,776
4
798
798
LEASING
Contado
8%
$13,300
6.0%
30%
4
$3,838
Es - Pago (Tasa;nper;va;vf;tipo)
Amortizacin
Inters
WACC
Tasa de IGV
18%
-$3,838
Cuota excel
Cuota
Ahorro Fiscal
3,040
3,223
3,416
3,621
798
616
422
217
3,838
3,838
3,838
3,838
3,325
3,325
3,325
3,325
4,123
3,941
3,747
3,542
1,237
1,182
1,124
1,063
13,300
2,053
15,353
13,300
15,353
4,606
Cuota
Ahorro Fiscal
1
3,838
1,237
2
3,838
1,182
3
3,838
1,124
4
3,838
1,063
Cuota
Ahorro Fiscal
1
0
798
2,601
2,656
2,714
2,776
-798
$8,881
$691
$2,288
2,601
1.08
2,656
1.17
2,714
1.26
2,776
1.36
2,409
2,277
2,155
2,040
Total
Rec IGV
8,881
Valor actual
$691
$691
Compra vehculo
Recuperacin IGV
PAGARE
Taas de descuento de la operacin
Principal
Tasa de interes
Tasa de Impuestos
N Cuotas anuales
Cuota Anual
n
0
1
2
3
4
5
8%
WACC
$13,300
6.0%
30%
4
$3,838
Deuda
$13,300
10,260
7,037
3,621
0
Tasa de IGV
IGV Inversin
18%
$2,394
Amortizacin
Inters
Cuota
3,040
3,223
3,416
3,621
798
616
422
217
3,838
3,838
3,838
3,838
$2,660
$2,660
$2,660
$2,660
$2,660
3,458
3,276
3,082
2,877
2,660
1,037
983
925
863
798
13,300
2,053
15,353
13,300
15,353
4,606
1
3,838
1,037
2,801
2
3,838
983
0
2,856
3
3,838
925
0
2,914
4
3,838
863
0
2,975
Cuota
Ahorro Fiscal
Total
-$3,186
$691
798
-798
Ahorro Fiscal
13,300
$10,113.82
$2,217
$8,998