VF= Valor futuro

VP=valor presente
n=periodo (aos)
C=capital
S inicial=Saldo inicial
i=interes
m=periodos de capitalizacion

VF=VP(1+(i*n))

i=20%

capitalizacion
ix=(1+iy)^x/y-1
ix=tasa efectiva por periodo
dias en un mesx=30
iy=TEA con "m" periodos de cap
dias en un aoy=360 21,94%

0.2

anual

1 TEA=

semestral

2 TES=

trimestral

4 TET=

bimensual

6 TEB=

xy=dias
mensual
ix=(1+0,2194)^30/360
ix=1,67%

CASO
VP
i
t periodos ( anual)
VF
Pago

diaria

12 TEM=
360 TED=

se pide prestamo 20000 auna tasa de 35% y los pagos son anuales

20000
35%
0.35
5
89,680.67 cuanto seri los 20 000 si no pago 5 aos ,pagando todo junto
9,009.17 anual

VP
20000
i
35%
0.175 TES
t periodos (semestre)
10
VF
100,324.88
Pago
4,371.46 semestral

-9,009.17

VP
i
tea
VF
Pago
teb

30000
30%
0.00
4 aos
30,334.72
7,552.16 semestral
0.04469751

TEACAPB
TEB
ix=(1+0,2194)^30/360
TEB=ix=(1+0,30)^60/360-1
0.044697508

divide /2

tea

VP
i
tea
VF
Pago
teb
tem

30000
20%
0.00
2 aos
30,166.90
15,062.53 semestral
0.04469751

0.030853321
0.01542666

17
18
19
20
21
22
23
24

a)
VP

10000

i
tea
VF
Pago
teb

0.4
10 Cap Semestral
289,254.65
4,143.24

b)

VP
i
tea
VF
Pago
teb

10000
0.410598761
10
311,914.08
4,241.99

TEA=

c)
VP
i
tea
VF
Pago
teb

0.41059876

10000
0.22
10
73,046.31
2,548.95

d)

VP
i
tea
VF
Pago
teb

10000
0.2
10
61,917.36
2,385.23

e)
VP
i
tea
VF
Pago
teb

0.01530947

10000
0.003827368
10
10,389.40
1,021.17

0.2

VF=VP(1+(i*n))

interes compuesto
s inicial
interes
10000
2000
12000
2400

TEA =20%

1 ao
TEA=21%

2 ao

interes compuesto
s inicial
interes
i/n=0,2/2=0,10
10000
1000
11000
1100
12100
1210
13310
1331

Mietras mas pequeos son os peridoos de capitalizacion la tea es mayor

TEA=(1+i/m)^m-1

i/m
Tasas efectiva
por periodo

TEA con "m" peridoso de capita

0.2
20%

0.2000

20.00%

0.1000

10.00%

0.2100

21.00%

0.0500

5.00%

0.2155

21.55%

0.0333

3.33%

0.2174

21.74%

0.0167

1.67%

0.2194

21.94%

0.0006

0.06%

0.2213

22.13%

5% y los pagos son anuales

aos
periodo
0
1
2
3
4
5

cuota
9,009.17
9,009.17
9,009.17
9,009.17
9,009.17
45,045.83

C*i
interes
7000
6,296.79
5347.46133
4065.86484
2335.70959

cuota-int
amortiz.
2,009.17
2,712.37
3,661.70
4,943.30
6,673.46
20,000.00

saldo
20000
cuanto me presto
17,990.83
15,278.46
11,616.76
6,673.46
0.00

semestres
periodo
0
1
2
3
4
5

cuota

6
7
8
9
10

semestres
periodo
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24

4,371.46
4,371.46
4,371.46
4,371.46
4,371.46
4,371.46
4,371.46
4,371.46
4,371.46
4,371.46

cuota
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16

interes
3500
3,347.49
3168.30017
2957.74703
2710.34709
2419.65217
2078.08563
1676.74494
1205.16964
651.068654

interes
893.950158
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

amortiz.
871.46
1,023.97
1,203.16
1,413.71
1,661.11
1,951.81
2,293.38
2,694.72
3,166.29
3,720.39
20,000.00

amortiz.
6,658.21
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
74,627.61

saldo
20000
19,128.54
18,104.57
16,901.41
15,487.70
13,826.58
11,874.78
9,581.40
6,886.68
3,720.39
0.00

saldo
20000
13,341.79
5,789.64
-1,762.52
-9,314.67
-16,866.83
-24,418.98
-31,971.14
-39,523.29
-47,075.45
-54,627.61

semestres
periodo
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24

aos

cuota
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16

interes
893.950158
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

C*i

amortiz.
6,658.21
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
7,552.16
74,627.61

cuota-int

saldo
20000
13,341.79
5,789.64
-1,762.52
-9,314.67
-16,866.83
-24,418.98
-31,971.14
-39,523.29
-47,075.45
-54,627.61

periodo

cuota
0
1
2
3
4
5
6
7
8
9
10

aos
periodo

4,143.24
4,143.24
4,143.24
4,143.24
4,143.24
4,143.24
4,143.24
4,143.24
4,143.24
4,143.24

cuota
0
1
2
3
4
5
6
7
8
9
10

aos
periodo

4,241.99
4,241.99
4,241.99
4,241.99
4,241.99
4,241.99
4,241.99
4,241.99
4,241.99
4,241.99

cuota
0
1
2
3
4
5
6
7
8
9
10

2,548.95
2,548.95
2,548.95
2,548.95
2,548.95
2,548.95
2,548.95
2,548.95
2,548.95
2,548.95

interes
4000
3942.70463
3862.4911
3750.19217
3592.97366
3372.86775
3064.71948
2633.31189
2029.34127
1183.78241

C*i
interes
4105.98761
4050.14677
3971.37776
3860.26629
3703.53259
3482.44422
3170.57724
2730.65807
2110.10863
1234.76236

C*i
interes
2200
2123.23104
2029.57291
1915.30999
1775.90922
1605.84029
1398.3562
1145.2256
836.40627
459.646689

amortiz.
143.24
200.53
280.75
393.05
550.26
770.37
1,078.52
1,509.93
2,113.90
2,959.46
10,000.00

cuota-int
amortiz.
136.00
191.84
270.61
381.72
538.45
759.54
1,071.41
1,511.33
2,131.88
3,007.22
10,000.00

cuota-int
amortiz.
348.95
425.72
519.38
633.64
773.04
943.11
1,150.59
1,403.72
1,712.54
2,089.30
10,000.00

saldo
10000
9,856.76
9,656.23
9,375.48
8,982.43
8,432.17
7,661.80
6,583.28
5,073.35
2,959.46
-0.00

saldo
10000
9,864.00
9,672.16
9,401.55
9,019.83
8,481.38
7,721.84
6,650.43
5,139.10
3,007.22
-0.00

saldo
10000
9,651.05
9,225.33
8,705.95
8,072.31
7,299.27
6,356.16
5,205.57
3,801.85
2,089.30
-0.00

aos
periodo

cuota
0
1
2
3
4
5
6
7
8
9
10

aos
periodo

2,385.23
2,385.23
2,385.23
2,385.23
2,385.23
2,385.23
2,385.23
2,385.23
2,385.23
2,385.23

cuota
0
1
2
3
4
5
6
7
8
9
10

1,021.17
1,021.17
1,021.17
1,021.17
1,021.17
1,021.17
1,021.17
1,021.17
1,021.17
1,021.17

C*i
interes
2000
1922.95449
1830.49987
1719.55433
1586.41968
1426.6581
1234.94421
1004.88754
728.819535
397.537928

C*i
interes
38.2736762
34.5117663
30.7354582
26.9446967
23.1394266
19.3195923
15.4851382
11.6360081
7.77214603
3.89349552

cuota-int
amortiz.
385.23
462.27
554.73
665.67
798.81
958.57
1,150.28
1,380.34
1,656.41
1,987.69
10,000.00

cuota-int
amortiz.
982.90
986.66
990.44
994.23
998.03
1,001.85
1,005.69
1,009.54
1,013.40
1,017.28
10,000.00

saldo
10000
9,614.77
9,152.50
8,597.77
7,932.10
7,133.29
6,174.72
5,024.44
3,644.10
1,987.69
0.00

saldo
10000
9,017.10
8,030.44
7,040.01
6,045.78
5,047.75
4,045.90
3,040.21
2,030.68
1,017.28
0.00

capitalizado=cuando el interes forma parte del capital

anual
s final
12000
14400
semestral
s final
i/n=0,2/2=0,10
11000
12100
13310 Aqu la tasa es de 0,21
14641

VF=VP(1+i)^2
VF=10000(1+0,2)^2
12100=10000(1+i)^1
i=0,21

ea es mayor

para ir de una tasa efectiva por periodo ala Tea

para ir de una tea a una tasa efec.

TAREA PROX. SEMANA

Para cada caso calcular el VF de la deuda, Pago y estructura de deuda, si VP= 10 000
a) TEA cap semestral = 40%; 10 pagos semestrales
b) Tasa nominal = 35% ; 10pagos mensuales
c) TEA capitalizacion bimestral = 44% ; 10 pagos mensuales (TEA=tasa efectiva mensual)
d) TEA capitalizacion trimestra l= 30% ; 10 pagos mensuales (TEA=tasa efectiva mensual)
e) TEM = 2% ; 10 pagos trimestrales

uda, si VP= 10 000

suales (TEA=tasa efectiva mensual)

nsuales (TEA=tasa efectiva mensual)

hgkjhgkj