Ejemplo Modelacin de Deuda: Cupones Constant

Parmetros
Monto deuda (UM)
Plazo deuda (aos)
Tasa de la deuda
Calculo cupn
Frmula matemtica
Frmula Excel

1,000,000
10
9%

155,820
155,820

Desarrollo de la deuda
0
Inters
Amortizacin
Saldo deuda
Cupn (Inters+Amortizacin)

1,000,000

1
90,000
65,820
934,180

2
84,076
71,744
862,436

3
77,619
78,201
784,235

155,820

155,820

155,820

nes Constantes

4
70,581
85,239
698,996

5
62,910
92,910
606,086

6
54,548
101,272
504,813

7
45,433
110,387
394,427

8
35,498
120,322
274,105

9
24,669
131,151
142,954

10
12,866
142,954
0

155,820

155,820

155,820

155,820

155,820

155,820

155,820

180,000
160,000
140,000
120,000
100,000
80,000
60,000
40,000
20,000
0
1

5
Inters

6
Amortizacin

10

Ejemplo Modelacin de Deuda: Amortizaciones Co

Parmetros
Monto deuda (UM)
Plazo deuda (aos)
Tasa de la deuda
Calculo amortizacin
Amortizacin

1,000,000
10
9%

100,000

(Monto deuda/plazo)

Desarrollo de la deuda
0
Inters
Amortizacin
Saldo deuda
Cupn (Inters+Amortizacin)

1,000,000

1
90,000
100,000
900,000

2
81,000
100,000
800,000

3
72,000
100,000
700,000

190,000

181,000

172,000

tizaciones Constantes

4
63,000
100,000
600,000

5
54,000
100,000
500,000

6
45,000
100,000
400,000

7
36,000
100,000
300,000

8
27,000
100,000
200,000

9
18,000
100,000
100,000

10
9,000
100,000
0

163,000

154,000

145,000

136,000

127,000

118,000

109,000

200,000
180,000
160,000
140,000
120,000
100,000
80,000
60,000
40,000
20,000
0
1

5
Inters

6
Amortizacin

10

Ejemplo Modelacin de Deuda: Cupones Creciente

Parmetros
Monto deuda (UM)
Plazo deuda (aos)
Tasa de la deuda
Tasa de crecimiento cupones
Calculo cupn
Cupn

1,000,000
10
9%
1%

149,982

Desarrollo de la deuda
0
Inters
Amortizacin
Saldo deuda
Cupn (Inters+Amortizacin)

1,000,000

1
90,000
59,982
940,018

2
84,602
66,881
873,137

3
78,582
74,415
798,722

149,982

151,482

152,997

nes Crecientes

4
71,885
82,642
716,080

5
64,447
91,625
624,455

6
56,201
101,432
523,023

7
47,072
112,137
410,885

8
36,980
123,822
287,063

9
25,836
136,574
150,490

10
13,544
150,490
0

154,527

156,072

157,633

159,209

160,802

162,410

164,034

180,000
160,000
140,000
120,000
100,000
80,000
60,000
40,000
20,000
0
1

5
Inters

6
Amortizacin

10

Ejemplo Modelacin de Deuda: Bullet

Parmetros
Monto deuda (UM)
Plazo deuda (aos)
Tasa de la deuda

1,000,000
10
9%

Desarrollo de la deuda
0
Inters
Amortizacin
Saldo deuda
Cupn (Inters+Amortizacin)

1,000,000

1
90,000
0
1,000,000

2
90,000
0
1,000,000

3
90,000
0
1,000,000

90,000

90,000

90,000

4
90,000
0
1,000,000

5
90,000
0
1,000,000

6
90,000
0
1,000,000

7
90,000
0
1,000,000

8
90,000
0
1,000,000

9
90,000
0
1,000,000

10
90,000
1,000,000
0

90,000

90,000

90,000

90,000

90,000

90,000

1,090,000

1,200,000

1,000,000

800,000

600,000

400,000

200,000

0
1

5
Inters

6
Amortizacin

10

Ejemplo Modelacin de Deuda: Cero Cupn

Parmetros
Monto deuda (UM)
Plazo deuda (aos)
Tasa de la deuda

1,000,000
10
9%

Desarrollo de la deuda
0
Inters
Amortizacin
Saldo deuda
Cupn (Inters+Amortizacin)

1,000,000

1
0
0
1,090,000

2
0
0
1,188,100

3
0
0
1,295,029

Cupn

4
0
0
1,411,582

5
0
0
1,538,624

6
0
0
1,677,100

7
0
0
1,828,039

8
0
0
1,992,563

9
0
0
2,171,893

10
0
2,367,364
0

2,367,364

2,500,000

2,000,000

1,500,000

1,000,000

500,000

0
1

4
Inters

Amortizacin

10