Operation Manual

8: Ejemplos adicionales 123
Ejemplos de flujos de caja
Segunda hipoteca garantizada
8QDVHJXQGDKLSRWHFDJDUDQWL]DGDHVODFRPELQDFLyQGHXQDKLSRWHFDTXH
VHYXHOYHDILQDQFLDU\XQQXHYRSUpVWDPRDVHJXUDGRSRUHOYDORUGHORV
ELHQHVUDtFHV1RUPDOPHQWHODVGRVFDQWLGDGHVGHVFRQRFLGDVGHOD
VHJXQGDKLSRWHFDJDUDQWL]DGDVRQHOQXHYRSDJR\ODWDVDGHUHQGLPLHQWR
SDUDHOSUHVWDPLVWD3DUDFDOFXODUXQDVROXFLyQGHEHXWLOL]DU9'7\ODV
DSOLFDFLRQHVGHIOXMRGHFDMD
Ejemplo. 7LHQHXQDKLSRWHFDFRQSDJRVPHQVXDOHVGH
SHQGLHQWHVXQLQWHUpVDQXDOGHO\XQVDOGRUHVWDQWHGH
'HVHDFRPELQDUODKLSRWHFDFRQXQSUpVWDPRDGLFLRQDOGHSDUD
RWUDLQYHUVLyQ(QFXHQWUDDXQSUHVWDPLVWDTXHHVWiGLVSXHVWRDDVXPLUVX
KLSRWHFD\SUHVWDUOHORVDXQDWDVDGHLQWHUpVGHO\D
DxRV¢'HFXiQWRVHUiHOQXHYRSDJRPHQVXDO\TXpWDVDGHUHQGLPLHQWR
REWHQGUiHOSUHVWDPLVWDFRQHVWDKLSRWHFDFRPELQDGD"
(OFiOFXORGHSDJRVHUHDOL]DGLUHFWDPHQWHPHGLDQWHODDSOLFDFLyQ9'7
FRQHOQXHYRLPSRUWHFRPR93
$FWLYHHOPRGR)LQ6LVHPXHVWUDHQSDQWDOODHOLQGLFDGRU
BEGINSXOVH
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Teclas: Pantalla: Descripción:
0,00
%RUUDWRGRVORVUHJLVWURV
12,00
(VSHFLILFDHOQ~PHURGH
SDJRVSRUDxR
82.510,22
$OPDFHQDHOLPSRUWHGH
XQSUpVWDPRTXHVH
XWLOL]DUiSDUDFDOFXODUHO
QXHYRSDJR
9,50
$OPDFHQDODWDVDGHLQWHUpV
0,00
$OPDFHQDHOVDOGRILQDO
180,00
$OPDFHQDHOQ~PHURGH
SDJRVPHQVXDOHVTXHYDD
UHDOL]DU
–861,59
&DOFXODHOQXHYRSDJR
CHAPT_8.FM Page 123 Sunday, June 25, 2000 2:44 PM