Anualidades y/o rentas

R=Pago
P=Valor presente
TEP=Tasa del prestamo
n= periodo de pago

F=Valor futuro
nualidades y/o rentas

=Valor presente
EP=Tasa del prestamo
= periodo de pago

=Valor futuro
Préstamo = S/. 100,000.00 n= 12
Tasa = 0.86% TEM Método Francés

A B A+B
Periodo Deuda Inicial Interes Amortizacion Cuota Seguros
0 S/. 100,000.00 S/. 0.00 0 S/. -100,000.00
1 S/. 100,000.00 S/. 860.00 S/. 7,946.48 S/. 8,806.48 S/. 100.00
2 S/. 92,053.52 S/. 791.66 S/. 8,014.82 S/. 8,806.48 S/. 100.00
3 S/. 84,038.70 S/. 722.73 S/. 8,083.75 S/. 8,806.48 S/. 100.00
4 S/. 75,954.96 S/. 653.21 S/. 8,153.27 S/. 8,806.48 S/. 100.00
5 S/. 67,801.69 S/. 583.09 S/. 8,223.38 S/. 8,806.48 S/. 100.00
6 S/. 59,578.31 S/. 512.37 S/. 8,294.11 S/. 8,806.48 S/. 100.00
7 S/. 51,284.20 S/. 441.04 S/. 8,365.43 S/. 8,806.48 S/. 100.00
8 S/. 42,918.77 S/. 369.10 S/. 8,437.38 S/. 8,806.48 S/. 100.00
9 S/. 34,481.39 S/. 296.54 S/. 8,509.94 S/. 8,806.48 S/. 100.00
10 S/. 25,971.45 S/. 223.35 S/. 8,583.12 S/. 8,806.48 S/. 100.00
11 S/. 17,388.33 S/. 149.54 S/. 8,656.94 S/. 8,806.48 S/. 100.00
12 S/. 8,731.39 S/. 75.09 S/. 8,731.39 S/. 8,806.48 S/. 100.00
S/. 5,677.74

TIR 0.86%

Para obtener el monto de la cuota en el metodo francés tenemos dos maneras:

1 Con formula de excel

Función pago S/8,806.48

2 Con la formula

R S/8,806.48

Ejemplo
1 2 3
-100,000 25,000 50,000 40,000

23,399 43,802 32,798

TIR 6.8%

100000= 25000/(1+I)^1+ 50000/(1+I)^2+ 40000/(1+I)^3

I= 6.8%
Ejemplo ;

Propongo dar un retorno del

5%
1 2 3
-100,000 23,810 45,351 34,554

Propongo dar un retorno del

8%
1 2 3
-100,000 23,148 42,867 31,753
 meses

Portes Gastos administ Pago final Deuda Final

S/. -100,000.00 S/. -97,000.00 100000
S/. 15.00 S/. 5.00 S/. 8,926.48 S/. 8,926.48 S/. 92,053.52
S/. 15.00 S/. 5.00 S/. 8,926.48 S/. 8,926.48 S/. 84,038.70
S/. 15.00 S/. 5.00 S/. 8,926.48 S/. 8,926.48 S/. 75,954.96
S/. 15.00 S/. 5.00 S/. 8,926.48 S/. 8,926.48 S/. 67,801.69
S/. 15.00 S/. 5.00 S/. 8,926.48 S/. 8,926.48 S/. 59,578.31
S/. 15.00 S/. 5.00 S/. 8,926.48 S/. 8,926.48 S/. 51,284.20
S/. 15.00 S/. 5.00 S/. 8,926.48 S/. 8,926.48 S/. 42,918.77
S/. 15.00 S/. 5.00 S/. 8,926.48 S/. 8,926.48 S/. 34,481.39
S/. 15.00 S/. 5.00 S/. 8,926.48 S/. 8,926.48 S/. 25,971.45
S/. 15.00 S/. 5.00 S/. 8,926.48 S/. 8,926.48 S/. 17,388.33
S/. 15.00 S/. 5.00 S/. 8,926.48 S/. 8,926.48 S/. 8,731.39
S/. 15.00 S/. 5.00 S/. 8,926.48 S/. 8,926.48 S/. 0.00

1.07% 1.56% La tasa real sube por el cobro de la comisión de estru

0.21% en este caso no hay obilgación de indicar la TCA
Cobros adicionales
 Cuota 1 = S/. 8,806.48
Cuota 2 = S/. 8,806.48

Es el mas usado por los bancos

P = S/. 100,000.00 Cuotas constantes
Cuota * periodos = S/. 105,677.74 En este cronograma al comienzo se paga los interes
Intereses = S/. 5,677.74
Tips

Comisión de estructuración Si recepcionas dinero y quieres prepagar el prestamo

3% tienes que amortizar capital, no adelantar cuotas

r el cobro de la comisión de estructuración

obilgación de indicar la TCA

VF=vp*(1+i)^n

Si sumamos todo 100000

La tir es la tasa que hace que la suma de los flujos llevados a valor presente sean igual a la inversión
 103,715

Llevas los flujos a valor presente y le estas la inversión

3,715 El proyecto va

97,768

Llevas los flujos a valor presente y le estas la inversión

-2,232 El proyecto no va
enzo se paga los interes

res prepagar el prestamo

, no adelantar cuotas
Préstamo = S/. 100,000.00 n= 12 meses
Tasa = 0.86% TEM Método Francés

A B A+B
Periodo Deuda Inicial Interes Amortizacion Cuota Deuda Final
0 S/. 100,000.00 S/. 0.00 0 S/. -100,000.00 100000
1 S/. 100,000.00 S/. 860.00 S/. 7,946.48 S/. 8,806.48 S/. 92,053.52
2 S/. 92,053.52 S/. 791.66 S/. 8,014.82 S/. 8,806.48 S/. 84,038.70
3 S/. 84,038.70 S/. 722.73 S/. 8,083.75 S/. 8,806.48 S/. 75,954.96
4 S/. 75,954.96 S/. 653.21 S/. 8,153.27 S/. 8,806.48 S/. 67,801.69
5 S/. 67,801.69 S/. 583.09 S/. 8,223.38 S/. 8,806.48 S/. 59,578.31
6 S/. 59,578.31 S/. 512.37 S/. 8,294.11 S/. 8,806.48 S/. 51,284.20
7 S/. 51,284.20 S/. 441.04 S/. 8,365.43 S/. 8,806.48 S/. 42,918.77
8 S/. 42,918.77 S/. 369.10 S/. 8,437.38 S/. 8,806.48 S/. 34,481.39
9 S/. 34,481.39 S/. 296.54 S/. 8,509.94 S/. 8,806.48 S/. 25,971.45
10 S/. 25,971.45 S/. 223.35 S/. 8,583.12 S/. 8,806.48 S/. 17,388.33
11 S/. 17,388.33 S/. 149.54 S/. 8,656.94 S/. 8,806.48 S/. 8,731.39
12 S/. 8,731.39 S/. 75.09 S/. 8,731.39 S/. 8,806.48 S/. 0.00
S/. 5,677.74

TIR 0.86% ´Para hallar cuanto te cobra el ban

Para obtener el monto de la cuota en el metodo francés tenemos dos maneras:

1 Con formula de excel

Función pago S/8,806.48

2 Con la formula

R S/8,806.48

Ejemplo
1 2 3
-100,000 25,000 50,000 40,000

23,399 43,802 32,798

TIR 6.8%

100000= 25000/(1+I)^1+ 50000/(1+I)^2+ 40000/(1+I)^3

I= 6.8%
Ejemplo ;

Propongo dar un retorno del

5%
1 2 3
-100,000 23,810 45,351 34,554

Propongo dar un retorno del

8%
1 2 3
-100,000 23,148 42,867 31,753
 Cuota 1 = S/. 8,806.48
Cuota 2 = S/. 8,806.48

Es el mas usado por los bancos

P = S/. 100,000.00 Cuotas constantes
Cuota * periodos = S/. 105,677.74 En este cronograma al comienzo se paga los interes
Intereses = S/. 5,677.74
Tips

Si recepcionas dinero y quieres prepagar el prestamo

tienes que amortizar capital, no adelantar cuotas

ra hallar cuanto te cobra el banco

VF=vp*(1+i)^n

Si sumamos todo 100000

La tir es la tasa que hace que la suma de los flujos llevados a valor presente sean igual a la inversión
 103,715

Llevas los flujos a valor presente y le estas la inversión

3,715 El proyecto va

97,768

Llevas los flujos a valor presente y le estas la inversión

-2,232 El proyecto no va
enzo se paga los interes

res prepagar el prestamo

, no adelantar cuotas
Préstamo = S/. 100,000.00 n= 12
Tasa = 0.86% TEM Método Alemán

Periodo Deuda Inicial Interes Amortizacion Cuota Deuda Final

0 S/. 100,000.00 S/. 0.00 S/. 0.00 S/. 0.00 S/. 100,000.00
1 S/. 100,000.00 S/. 860.00 S/. 8,333.33 S/. 9,193.33 S/. 91,666.67
2 S/. 91,666.67 S/. 788.33 S/. 8,333.33 S/. 9,121.67 S/. 83,333.33
3 S/. 83,333.33 S/. 716.67 S/. 8,333.33 S/. 9,050.00 S/. 75,000.00
4 S/. 75,000.00 S/. 645.00 S/. 8,333.33 S/. 8,978.33 S/. 66,666.67
5 S/. 66,666.67 S/. 573.33 S/. 8,333.33 S/. 8,906.67 S/. 58,333.33
6 S/. 58,333.33 S/. 501.67 S/. 8,333.33 S/. 8,835.00 S/. 50,000.00
7 S/. 50,000.00 S/. 430.00 S/. 8,333.33 S/. 8,763.33 S/. 41,666.67
8 S/. 41,666.67 S/. 358.33 S/. 8,333.33 S/. 8,691.67 S/. 33,333.33
9 S/. 33,333.33 S/. 286.67 S/. 8,333.33 S/. 8,620.00 S/. 25,000.00
10 S/. 25,000.00 S/. 215.00 S/. 8,333.33 S/. 8,548.33 S/. 16,666.67
11 S/. 16,666.67 S/. 143.33 S/. 8,333.33 S/. 8,476.67 S/. 8,333.33
12 S/. 8,333.33 S/. 71.67 S/. 8,333.33 S/. 8,405.00 S/. 0.00
S/. 5,590.00 S/. 100,000.00

Existe alguna forma de disminuir intereses en el metodo alemán ?

Manteniendo el mismo tiempo

Evaluando trimestralmente

TEM 0.86%
TET 2.60%

Periodo Deuda Inicial Interes Amortizacion Cuota Deuda Final

1 S/. 100,000.00 S/. 2,602.25 S/. 25,000.00 S/. 27,602.25 75,000.00
2 75,000.00 S/. 1,951.69 S/. 25,000.00 S/. 26,951.69 50,000.00
3 50,000.00 S/. 1,301.13 S/. 25,000.00 S/. 26,301.13 25,000.00
4 25,000.00 S/. 650.56 S/. 25,000.00 S/. 25,650.56 0.00
S/. 6,505.63

Evaluando quincenalmente

TEM 0.86%
TEQ 0.43%

Periodo Deuda Inicial Interes Amortizacion Cuota Deuda Final

1 S/. 100,000.00 S/. 429.08 S/. 4,166.67 S/. 4,595.75 S/. 95,833.33
2 S/. 95,833.33 S/. 411.20 S/. 4,166.67 S/. 4,577.87 S/. 91,666.67
 3 S/. 91,666.67 S/. 393.32 S/. 4,166.67 S/. 4,559.99 S/. 87,500.00
4 S/. 87,500.00 S/. 375.44 S/. 4,166.67 S/. 4,542.11 S/. 83,333.33
5 S/. 83,333.33 S/. 357.57 S/. 4,166.67 S/. 4,524.23 S/. 79,166.67
6 S/. 79,166.67 S/. 339.69 S/. 4,166.67 S/. 4,506.35 S/. 75,000.00
7 S/. 75,000.00 S/. 321.81 S/. 4,166.67 S/. 4,488.48 S/. 70,833.33
8 S/. 70,833.33 S/. 303.93 S/. 4,166.67 S/. 4,470.60 S/. 66,666.67
9 S/. 66,666.67 S/. 286.05 S/. 4,166.67 S/. 4,452.72 S/. 62,500.00
10 S/. 62,500.00 S/. 268.17 S/. 4,166.67 S/. 4,434.84 S/. 58,333.33
11 S/. 58,333.33 S/. 250.30 S/. 4,166.67 S/. 4,416.96 S/. 54,166.67
12 S/. 54,166.67 S/. 232.42 S/. 4,166.67 S/. 4,399.08 S/. 50,000.00
13 S/. 50,000.00 S/. 214.54 S/. 4,166.67 S/. 4,381.21 S/. 45,833.33
14 S/. 45,833.33 S/. 196.66 S/. 4,166.67 S/. 4,363.33 S/. 41,666.67
15 S/. 41,666.67 S/. 178.78 S/. 4,166.67 S/. 4,345.45 S/. 37,500.00
16 S/. 37,500.00 S/. 160.90 S/. 4,166.67 S/. 4,327.57 S/. 33,333.33
17 S/. 33,333.33 S/. 143.03 S/. 4,166.67 S/. 4,309.69 S/. 29,166.67
18 S/. 29,166.67 S/. 125.15 S/. 4,166.67 S/. 4,291.81 S/. 25,000.00
19 S/. 25,000.00 S/. 107.27 S/. 4,166.67 S/. 4,273.94 S/. 20,833.33
20 S/. 20,833.33 S/. 89.39 S/. 4,166.67 S/. 4,256.06 S/. 16,666.67
21 S/. 16,666.67 S/. 71.51 S/. 4,166.67 S/. 4,238.18 S/. 12,500.00
22 S/. 12,500.00 S/. 53.63 S/. 4,166.67 S/. 4,220.30 S/. 8,333.33
23 S/. 8,333.33 S/. 35.76 S/. 4,166.67 S/. 4,202.42 S/. 4,166.67
24 S/. 4,166.67 S/. 17.88 S/. 4,166.67 S/. 4,184.54 S/. 0.00
S/. 5,363.49
En el método alemán se divide la deuda entre el número de periodos
S/. 8,333.33

Nos permite disminuir la deuda de una mayor cantidad

Positivo Negativo
Amortizar capital en una mayor forma Cuotas mayores al inicio
Cuotas variables
Préstamo = S/. 100,000.00 n = 12
Tasa = 0.86% TEM Método Americano

Periodo Deuda Inicial Interés Amortización Cuota Deuda Final

0 S/. 100,000.00 S/. 0.00 S/. 0.00 S/. 0.00 S/. 100,000.00
1 S/. 100,000.00 S/. 860.00 S/. 0.00 S/. 860.00 S/. 100,000.00
2 S/. 100,000.00 S/. 860.00 S/. 0.00 S/. 860.00 S/. 100,000.00
3 S/. 100,000.00 S/. 860.00 S/. 0.00 S/. 860.00 S/. 100,000.00
4 S/. 100,000.00 S/. 860.00 S/. 0.00 S/. 860.00 S/. 100,000.00
5 S/. 100,000.00 S/. 860.00 S/. 0.00 S/. 860.00 S/. 100,000.00
6 S/. 100,000.00 S/. 860.00 S/. 0.00 S/. 860.00 S/. 100,000.00
7 S/. 100,000.00 S/. 860.00 S/. 0.00 S/. 860.00 S/. 100,000.00
8 S/. 100,000.00 S/. 860.00 S/. 0.00 S/. 860.00 S/. 100,000.00
9 S/. 100,000.00 S/. 860.00 S/. 0.00 S/. 860.00 S/. 100,000.00
10 S/. 100,000.00 S/. 860.00 S/. 0.00 S/. 860.00 S/. 100,000.00
11 S/. 100,000.00 S/. 860.00 S/. 0.00 S/. 860.00 S/. 100,000.00
12 S/. 100,000.00 S/. 860.00 S/. 100,000.00 S/. 100,860.00 S/. 0.00
S/. 10,320.00
 Positivo Negativo

Se paga solo interes al inicio Se pagan mayores intereses

Se acomoda a las condiciones especificas de cada negocio
Valor del bien 699
TEM 3.19%
Tiempo 6
Cuota S/129.85
en 6 meses

Cuota S/71.02
en 12 meses
TEA 45.76%
meses

(1+I)^(QUIERO/TENGO)-1