Asignatura:

Ingeniería Económica NRC/239

Título del trabajo

Tasa Nominal y Efectiva

Presenta

German Alfonzo Lucero Yépez- ID 757384

Jesús David Burbano Chávez-ID 764467
Jaime Alirio Arcos Guerrero–ID 518079

Docente
David Andrés Bastidas Delgado

Colombia, San Juan de Pasto. Abril 19 de 2020

 CONTENIDO

TALLER EVALUATIVO
INGENIERIA ECONOMICA - UNIMINUTO
EJERCICIOS PARA DESARROLLAR
DOCENTE: DAVID ANDRES BASTIDAS

EJERCICIO 1En un almacén de electrodomésticos le financia parte del valor de un televisor

que cuesta $800.000 a un interés compuesto del 2% mensual. Le piden una cuota inicial del
20% del valor del equipo. Además le dan varias alternativas para pagar el resto.
 Alternativa a. Un único pago dentro de dos meses
 Alternativa b. Dos pagos iguales, dentro de un mes y tres meses, respectivamente
 Alternativa c. Un pago de $ 200.000 dentro de un mes, un pago dentro de tres meses y
el doble de ese pago en seis meses.
Calcule los pagos en cada una de las tres opciones. Cuál es la mejor opción

EJERCICIO 2 Usted tiene un fondo de inversiones de $1.300.000 al 31 de enero de 1998. Realizó

depósitos por $500.000 pesos el 1º de mayo y el 1º de noviembre de 1998. Efectuó retiros de
$300.000 y $600.000, el 30 de abril y 30 de junio de 1999, respectivamente. Encuentre el saldo
a 1º de noviembre de 1999, antes del retiro, si el fondo pagó un interés del 1,5% mensual durante
todo el tiempo.

EJERICICIO 3 (Equivalencia Financiera con Tasa de Interés Cambiante). Considere que Don
Javier ha decidido hacer la siguiente secuencia de actividades de inversión. Decide depositar en
una cuenta de ahorros $5´000.000 con una rentabilidad del 5% efectivo anual por un plazo de 6
meses. Luego de esto invierte lo obtenido en la cuenta de ahorros en un CDT que rentó el 6%
efectivo semestral por un plazo de 1 año, y lo obtenido en el CDT lo invierte en una cartera de
inversión que le renta el 4% efectivo trimestral por un plazo de 7 meses. Determinar:

1. El dinero que obtendrá don Javier al terminar la secuencia de actividades de inversión.

2. El rendimiento promedio anual de la inversión.

TASAS DE INTERÉS

Realizar la equivalencia correspondiente

a. 18% em ssv
b. 14% smvem
c. 16% smvea
d. 10% ATV  Es
e. 9% TMV  ATV
f. 24% ASA  AMA

TABLAS DE AMORTIZACIÓN

METODO 1: CUOTAS MENSUALES CONSTANTES

Realice la tabla de amortización de un préstamo de $ 90.000.000 con un costo de financiación de 9% sba
Plazo = 10 años = 120 meses
Forma de pago = Abono igual a capital y pago de intereses sobre saldo.
Considere que al momento del crédito le cobran $1´200.000 por concepto de estudio del crédito y gastos administrativos ¿Cómo
se ve afectado el costo financiero del crédito?
METODO 1: CUOTAS MENSUALES CONSTANTES CON PERIODO DE GRACIA DE CAPITAL E INTERESES O PERIODO DE GRACIA
Realice la tabla de amortización de un préstamo de $ 130.000.000 con un costo de financiación de 12% aba
Plazo = 10 años = 120 meses
Forma de pago = Cuotas mensuales constantes con seis meses de periodo de gracia de capital e intereses

METODO 1: CUOTAS MENSUALES CONSTANTES

Realice la tabla de amortización de un préstamo de $ 180.000.000 con un costo de financiación de 12% sMV
Plazo = 10 años = 120 meses
Forma de pago = Cuotas mensuales constantes e iguales (Anualidades)
Considere que por el crédito le obligan a pagar un seguro del crédito por un valor de $8.500 al final de cada mes durante todo el
crédito. ¿Cómo afecta esto el costo financiero?
EJERCICIO 1: En un almacén de electrodomésticos le financian parte del valor de un televisor que cuesta
$800.000 a un interés compuesto del 2% mensual. Le piden una cuota inicial del 20% del valor del equipo.
Además le dan varias alternativas para pagar el resto.
· Alternativa a. Un único pago dentro de dos meses
· Alternativa b. Dos pagos iguales, dentro de un mes y tres meses, respectivamente
· Alternativa c. Un pago de $ 200.000 dentro de un mes, un pago dentro de tres meses y el doble de ese pago en seis meses.
Calcule los pagos en cada una de las tres opciones. Cual es la mejor opción

Alternativa a. Un único pago dentro de dos meses

Alternativa a valor T V 800,000.00
cuota inicial 160,000.00 20%
valor
financiamiento 640,000.00
i 2% mensual
n 2 mes
FORMULA 640000*(1+2%)^2
vf= $665,856.00 total pago dentro de dos meses
cuota inicial 160,000.00 (+)
825,856.00 costo final del tv

Alternativa b. Dos pagos iguales, dentro de un mes y tres meses,

Alternativa b
respectivamente
valor T V 800,000.00
cuota inicial 160,000.00 20%
valor
financianmiento 640,000.00
i 2% mensual
n 3 meses Mes FLUJO CAJA FLUJO CAJA -$ 679,173.12
Formula 640000*(1+2%)^3 0 -$ 679,173.12 VNA $ 679,173.12
vf= $679,173.12 1 $ 339,586.56 VPN $ 0.00
cuota inicial 160,000.00 (+) 2 $ -
839,173.12 costo final del tv 3 $ 339,586.56
total pago cuotas iguales, 1er mes despues 339,586.56
total pago cuotas iguales, 3er mes despues 339,586.56
 Alternativa c. Un pago de $ 200.000 dentro de un mes, un pago dentro de tres meses y
Alternativa c el doble de ese pago en seis meses.

valor TV 800,000.00
cuota inicial 160,000.00 20%
valor
financianmiento 640,000.00
i 2% mensual
n 6 meses
formula 640000*(1+2%)^6 Mes FLUJO CAJA FLUJO CAJA -$ 667,918.46
vf= $720,743.95 0 -$ 667,918.46 VNA $ 667,918.46
cuota inicial 160,000.00 (+) 1 $ 200,000.00 VPN $ 0.00
880,743.95 costo final del tv 2 $ -
pago 1er mes despues 200,000.00 3 $ 173,581.32
pago 3er mes despues 173,581.32 4 $ -
pago 6to mes despues 347,162.63 5 $ -
6 $ 347,162.63

R/ La mejor opcion es la alternativa A porque a menos tiempo de financiación menor será el valor pagado por concepto de intereses
EJERCICIO 2 Usted tiene un fondo de inversiones de $1.300.000 al 31 de enero de 1998. Realizó depósitos por $500.000 pesos el 1º de mayo y el 1º de
noviembre de 1998. Efectuó retiros de $300.000 y $600.000, el 30 de abril y 30 de junio de 1999, respectivamente. Encuentre el saldo a 1º de noviembre de
1999, antes del retiro, si el fondo pagó un interés del 1,5% mensual durante todo el tiempo.

FECHA INICIAL FECHA FINAL Mes FC

31 de enero de 1998 1 de febrero de 1998 0 -$ 1,300,000 FC - 1,300,000.00
28 de febrero de 1998 1 de marzo de 1998 1 $ - VNA $ 1,300,000.00
31 de marzo de 1998 1 de abril de 1998 2 $ - VPN ($ 0.00)
30 de abril de 1998 1 de mayo de 1998 3 -$ 500,000
31 de mayo de 1998 1 de junio de 1998 4 $ -
30 de junio de 1998 1 de julio de 1998 5 $ -
31 de julio de 1998 1 de agosto de 1998 6 $ -
31 de agosto de 1998 1 de septiembre de 1998 7 $ -
30 de septiembre de 1998 1 de octubre de 1998 8 $ -
31 de octubre de 1998 1 de noviembre de 1998 9 -$ 500,000
30 de noviembre de 1998 1 de diciembre de 1998 10 $ -
31 de diciembre de 1998 1 de enero de 1999 11 $ -
31 de enero de 1999 1 de febrero de 1999 12 $ -
28 de febrero de 1999 1 de marzo de 1999 13 $ -
31 de marzo de 1999 1 de abril de 1999 14 $ -
30 de abril de 1999 1 de mayo de 1999 15 $ 300,000
31 de mayo de 1999 1 de junio de 1999 16 $ -
30 de junio de 1999 1 de julio de 1999 17 $ 600,000
31 de julio de 1999 1 de agosto de 1999 18 $ -
31 de agosto de 1999 1 de septiembre de 1999 19 $ -
30 de septiembre de 1999 1 de octubre de 1999 20 $ -
31 de octubre de 1999 1 de noviembre de 1999 21 $ 2,063,803
EJERCICIO 3 (Equivalencia Financiera con Tasa de Interés Cambiante). Considere que Don Javier ha decidido hacer la siguiente secuencia de actividades de inversión. Decide depositar en una
cuenta de ahorros $5´000.000 con una rentabilidad del 5% efectivo anual por un plazo de 6 meses. Luego de esto invierte lo obtenido en la cuenta de ahorros en un CDT que rentó el 6% efectivo
semestral por un plazo de 1 año, y lo obtenido en el CDT lo invierte en una cartera de inversión que le renta el 4% efectivo trimestral por un plazo de 7 meses. Determinar:

1. El dinero que obtendrá don Javier al terminar la secuencia de actividades de inversión. $ 6,308,423.53
2. El rendimiento promedio anual de la inversión. 11.45%

PERIODO POR
TIPO DE INVERSION INVERSION EN MESES VALOR INVERSION
MESES
0 0 5,000,000.00 TASAS CONVERSION A TASA EM EA
1 1 - 5% EA 0.41% EM 5.00%
2 2 - 6% ES 0.98% EM 12.36%
CUENTA AHORROS 3 3 - 4% ET 1.32% EM 16.99%
4 4 - 2.70% mmv ó em 34.35%
5 5 - 11.45% Rendimiento promedio
6 6 5,123,475.38
1 7 5,123,475.38
2 8 -
3 9 -
4 10 -
5 11 -
6 12 -
CDT
7 13 -
8 14 -
9 15 -
10 16 -
11 17 -
12 18 5,756,736.94
1 19 5,756,736.94
2 20 -
3 21 -
CARTERA 4 22 -
5 23 -
6 24
7 25 6,308,423.53
TASAS DE INTERÉS

Realizar la equivalencia correspondiente

a. 18% EM SSV
b. 14% SMVEM
c. 16% SMVEA
d. 10% ATV  ES
e. 9% TMV  ATV
f. 24% ASA  AMA

Realizar la equivalencia correspondiente TASA TASA INICIAL SE PASA A TASA EFECTIVA DE EFEVTIVA A EFECTIVATASA EFECTIVA
a. 18% em® ssv 18% MMV SSV 169.96% SSV
b. 14% smv®em 14% SMV MMV 2.33% MMV
c. 16% smv ea 16% SMV AAV 2.67% MMV 37.14% AAV
d. 10% ATV ® Es 10% ATV SSV 2.50% TTV 5.06% SSV 1.093083
e. 9% TMV ® ATV 9% TMV ATV 30.510% ATV 0.30509559
f. 24% ASA ® AMA 24% ASA AMA 4.000% AMA 30.510%
 METODO 1: CUOTAS MENSUALES CONSTANTES
Realice la tabla de amortización de un préstamo de $ 90.000.000 con un costo de financiación de 9% sba
Plazo = 10 años = 120 meses
Forma de pago = Abono igual a capital y pago de intereses sobre saldo.
Considere que al momento del crédito le cobran $1´200.000 por concepto de estudio del crédito y gastos administrativos ¿Cómo
se ve afectado el costo financiero del crédito?

TASA 9% SBA 0.03 TASA BBA 1.53% MMV EM

PLAZO 120 0.03 BBV 20.05% EA

PERIODO CUOTA INTERES ABONO K SALDO

0 90,000,000.00
1 $1,645,812.49 1,381,155 264,658 89,735,342.38
2 $1,645,812.49 1,377,093 268,719 89,466,623.27
3 $1,645,812.49 1,372,970 272,843 89,193,780.36
4 $1,645,812.49 1,368,782 277,030 88,916,750.36
5 $1,645,812.49 1,364,531 281,281 88,635,469.01
6 $1,645,812.49 1,360,215 285,598 88,349,871.07
7 $1,645,812.49 1,355,832 289,981 88,059,890.29
8 $1,645,812.49 1,351,382 294,431 87,765,459.42
9 $1,645,812.49 1,346,863 298,949 87,466,510.17
10 $1,645,812.49 1,342,276 303,537 87,162,973.19
11 $1,645,812.49 1,337,617 308,195 86,854,778.09
12 $1,645,812.49 1,332,888 312,925 86,541,853.37
13 $1,645,812.49 1,328,086 317,727 86,224,126.46
14 $1,645,812.49 1,323,210 322,603 85,901,523.65
15 $1,645,812.49 1,318,259 327,554 85,573,970.14
16 $1,645,812.49 1,313,232 332,580 85,241,389.93
17 $1,645,812.49 1,308,128 337,684 84,903,705.89
18 $1,645,812.49 1,302,946 342,866 84,560,839.69
19 $1,645,812.49 1,297,685 348,128 84,212,711.82
20 $1,645,812.49 1,292,342 353,470 83,859,241.51
21 $1,645,812.49 1,286,918 358,895 83,500,346.80
22 $1,645,812.49 1,281,410 364,402 83,135,944.42
23 $1,645,812.49 1,275,818 369,995 82,765,949.87
24 $1,645,812.49 1,270,140 375,673 82,390,277.32
25 $1,645,812.49 1,264,375 381,438 82,008,839.63
26 $1,645,812.49 1,258,521 387,291 81,621,548.34
27 $1,645,812.49 1,252,578 393,235 81,228,313.61
28 $1,645,812.49 1,246,543 399,269 80,829,044.24
29 $1,645,812.49 1,240,416 405,397 80,423,647.62
30 $1,645,812.49 1,234,195 411,618 80,012,029.71
31 $1,645,812.49 1,227,878 417,935 79,594,095.04
32 $1,645,812.49 1,221,464 424,348 79,169,746.68
33 $1,645,812.49 1,214,952 430,860 78,738,886.20
34 $1,645,812.49 1,208,340 437,473 78,301,413.67
35 $1,645,812.49 1,201,626 444,186 77,857,227.61
36 $1,645,812.49 1,194,810 451,003 77,406,224.99
37 $1,645,812.49 1,187,889 457,924 76,948,301.22
38 $1,645,812.49 1,180,861 464,951 76,483,350.07
39 $1,645,812.49 1,173,726 472,086 76,011,263.70
40 $1,645,812.49 1,166,481 479,331 75,531,932.62
41 $1,645,812.49 1,159,126 486,687 75,045,245.65
42 $1,645,812.49 1,151,657 494,156 74,551,089.90
43 $1,645,812.49 1,144,073 501,739 74,049,350.75
44 $1,645,812.49 1,136,374 509,439 73,539,911.83
45 $1,645,812.49 1,128,556 517,257 73,022,654.97
46 $1,645,812.49 1,120,618 525,195 72,497,460.21
47 $1,645,812.49 1,112,558 533,254 71,964,205.72
48 $1,645,812.49 1,104,375 541,438 71,422,767.82
49 $1,645,812.49 1,096,066 549,747 70,873,020.92
50 $1,645,812.49 1,087,629 558,183 70,314,837.52
51 $1,645,812.49 1,079,063 566,749 69,748,088.14
52 $1,645,812.49 1,070,366 575,447 69,172,641.33
53 $1,645,812.49 1,061,535 584,278 68,588,363.62
54 $1,645,812.49 1,052,568 593,244 67,995,119.49
55 $1,645,812.49 1,043,464 602,348 67,392,771.34
56 $1,645,812.49 1,034,221 611,592 66,781,179.45
57 $1,645,812.49 1,024,835 620,977 66,160,201.97
58 $1,645,812.49 1,015,305 630,507 65,529,694.87
59 $1,645,812.49 1,005,630 640,183 64,889,511.90
60 $1,645,812.49 995,805 650,007 64,239,504.58
61 $1,645,812.49 985,830 659,982 63,579,522.14
62 $1,645,812.49 975,702 670,111 62,909,411.50
63 $1,645,812.49 965,418 680,394 62,229,017.23
64 $1,645,812.49 954,977 690,836 61,538,181.52
65 $1,645,812.49 944,375 701,437 60,836,744.13
66 $1,645,812.49 933,611 712,202 60,124,542.37
67 $1,645,812.49 922,681 723,131 59,401,411.04
68 $1,645,812.49 911,584 734,229 58,667,182.42
69 $1,645,812.49 900,316 745,496 57,921,686.20
70 $1,645,812.49 888,876 756,937 57,164,749.48
71 $1,645,812.49 877,260 768,553 56,396,196.68
72 $1,645,812.49 865,465 780,347 55,615,849.54
73 $1,645,812.49 853,490 792,322 54,823,527.06
74 $1,645,812.49 841,331 804,482 54,019,045.48
75 $1,645,812.49 828,985 816,827 53,202,218.18
76 $1,645,812.49 816,450 829,362 52,372,855.72
77 $1,645,812.49 803,722 842,090 51,530,765.73
78 $1,645,812.49 790,800 855,013 50,675,752.88
79 $1,645,812.49 777,678 868,134 49,807,618.87
80 $1,645,812.49 764,356 881,457 48,926,162.33
81 $1,645,812.49 750,829 894,984 48,031,178.81
82 $1,645,812.49 737,094 908,718 47,122,460.73
83 $1,645,812.49 723,149 922,663 46,199,797.30
84 $1,645,812.49 708,990 936,823 45,262,974.54
85 $1,645,812.49 694,613 951,199 44,311,775.13
86 $1,645,812.49 680,016 965,797 43,345,978.47
87 $1,645,812.49 665,195 980,618 42,365,360.52
88 $1,645,812.49 650,146 995,667 41,369,693.86
89 $1,645,812.49 634,866 1,010,946 40,358,747.52
 90 $1,645,812.49 619,352 1,026,460 39,332,287.04
91 $1,645,812.49 603,600 1,042,213 38,290,074.33
92 $1,645,812.49 587,606 1,058,207 37,231,867.65
93 $1,645,812.49 571,366 1,074,446 36,157,421.55
94 $1,645,812.49 554,878 1,090,935 35,066,486.83
95 $1,645,812.49 538,136 1,107,676 33,958,810.44
96 $1,645,812.49 521,138 1,124,675 32,834,135.46
97 $1,645,812.49 503,878 1,141,934 31,692,201.04
98 $1,645,812.49 486,354 1,159,459 30,532,742.31
99 $1,645,812.49 468,561 1,177,252 29,355,490.33
100 $1,645,812.49 450,494 1,195,318 28,160,172.05
101 $1,645,812.49 432,151 1,213,662 26,946,510.21
102 $1,645,812.49 413,526 1,232,287 25,714,223.32
103 $1,645,812.49 394,615 1,251,198 24,463,025.55
104 $1,645,812.49 375,414 1,270,399 23,192,626.70
105 $1,645,812.49 355,918 1,289,895 21,902,732.09
106 $1,645,812.49 336,123 1,309,690 20,593,042.55
107 $1,645,812.49 316,024 1,329,788 19,263,254.29
108 $1,645,812.49 295,617 1,350,195 17,913,058.89
109 $1,645,812.49 274,897 1,370,916 16,542,143.16
110 $1,645,812.49 253,858 1,391,954 15,150,189.14
111 $1,645,812.49 232,497 1,413,315 13,736,873.96
112 $1,645,812.49 210,808 1,435,004 12,301,869.81
113 $1,645,812.49 188,787 1,457,026 10,844,843.85
114 $1,645,812.49 166,427 1,479,386 9,365,458.12
115 $1,645,812.49 143,724 1,502,089 7,863,369.51
116 $1,645,812.49 120,673 1,525,140 6,338,229.59
117 $1,645,812.49 97,268 1,548,545 4,789,684.62
118 $1,645,812.49 73,503 1,572,309 3,217,375.43
119 $1,645,812.49 49,374 1,596,438 1,620,937.31
120 $1,645,812.49 24,875 1,620,937 0.00
$197,497,498.28 $107,497,498.28 $90,000,000.00
PERIODO CUOTA INTERES ABONO K SALDO
0 91,200,000.00
1 $1,667,756.65 1,399,570 268,186 90,931,813.61
2 $1,667,756.65 1,395,455 272,302 90,659,511.58
3 $1,667,756.65 1,391,276 276,481 90,383,030.77
4 $1,667,756.65 1,387,033 280,724 90,102,307.03
5 $1,667,756.65 1,382,725 285,032 89,817,275.26
6 $1,667,756.65 1,378,351 289,406 89,527,869.35
7 $1,667,756.65 1,373,909 293,847 89,234,022.16
8 $1,667,756.65 1,369,400 298,357 88,935,665.55
9 $1,667,756.65 1,364,821 302,935 88,632,730.31
10 $1,667,756.65 1,360,173 307,584 88,325,146.17
11 $1,667,756.65 1,355,452 312,304 88,012,841.80
12 $1,667,756.65 1,350,660 317,097 87,695,744.75
13 $1,667,756.65 1,345,793 321,963 87,373,781.48
14 $1,667,756.65 1,340,852 326,904 87,046,877.30
15 $1,667,756.65 1,335,836 331,921 86,714,956.40
16 $1,667,756.65 1,330,742 337,015 86,377,941.79
17 $1,667,756.65 1,325,570 342,186 86,035,755.30
18 $1,667,756.65 1,320,319 347,438 85,688,317.56
19 $1,667,756.65 1,314,987 352,770 85,335,547.97
20 $1,667,756.65 1,309,573 358,183 84,977,364.73
21 $1,667,756.65 1,304,077 363,680 84,613,684.75
22 $1,667,756.65 1,298,496 369,261 84,244,423.68
23 $1,667,756.65 1,292,829 374,928 83,869,495.86
24 $1,667,756.65 1,287,075 380,682 83,488,814.35
25 $1,667,756.65 1,281,233 386,524 83,102,290.83
26 $1,667,756.65 1,275,301 392,455 82,709,835.65
27 $1,667,756.65 1,269,279 398,478 82,311,357.80
28 $1,667,756.65 1,263,164 404,593 81,906,764.83
29 $1,667,756.65 1,256,955 410,802 81,495,962.92
30 $1,667,756.65 1,250,651 417,106 81,078,856.77
31 $1,667,756.65 1,244,250 423,507 80,655,349.64
32 $1,667,756.65 1,237,750 430,006 80,225,343.31
33 $1,667,756.65 1,231,151 436,605 79,788,738.02
34 $1,667,756.65 1,224,451 443,306 79,345,432.52
35 $1,667,756.65 1,217,648 450,109 78,895,323.98
36 $1,667,756.65 1,210,741 457,016 78,438,307.99
37 $1,667,756.65 1,203,727 464,029 77,974,278.57
38 $1,667,756.65 1,196,606 471,150 77,503,128.07
39 $1,667,756.65 1,189,376 478,381 77,024,747.22
40 $1,667,756.65 1,182,034 485,722 76,539,025.06
41 $1,667,756.65 1,174,581 493,176 76,045,848.92
42 $1,667,756.65 1,167,012 500,744 75,545,104.43
43 $1,667,756.65 1,159,328 508,429 75,036,675.42
44 $1,667,756.65 1,151,525 516,231 74,520,443.98
45 $1,667,756.65 1,143,603 524,154 73,996,290.37
46 $1,667,756.65 1,135,559 532,197 73,464,093.01
47 $1,667,756.65 1,127,392 540,365 72,923,728.46
48 $1,667,756.65 1,119,100 548,657 72,375,071.39
49 $1,667,756.65 1,110,680 557,077 71,817,994.53
50 $1,667,756.65 1,102,131 565,626 71,252,368.68
 51 $1,667,756.65 1,093,451 574,306 70,678,062.65
52 $1,667,756.65 1,084,637 583,119 70,094,943.22
53 $1,667,756.65 1,075,689 592,068 69,502,875.14
54 $1,667,756.65 1,066,603 601,154 68,901,721.08
55 $1,667,756.65 1,057,377 610,379 68,291,341.62
56 $1,667,756.65 1,048,010 619,746 67,671,595.18
57 $1,667,756.65 1,038,499 629,257 67,042,338.00
58 $1,667,756.65 1,028,843 638,914 66,403,424.14
59 $1,667,756.65 1,019,038 648,719 65,754,705.40
60 $1,667,756.65 1,009,083 658,674 65,096,031.31
61 $1,667,756.65 998,974 668,782 64,427,249.10
62 $1,667,756.65 988,711 679,045 63,748,203.66
63 $1,667,756.65 978,290 689,466 63,058,737.46
64 $1,667,756.65 967,710 700,047 62,358,690.61
65 $1,667,756.65 956,967 710,790 61,647,900.72
66 $1,667,756.65 946,059 721,698 60,926,202.93
67 $1,667,756.65 934,984 732,773 60,193,429.85
68 $1,667,756.65 923,738 744,018 59,449,411.52
69 $1,667,756.65 912,320 755,436 58,693,975.35
70 $1,667,756.65 900,727 767,029 57,926,946.14
71 $1,667,756.65 888,956 778,800 57,148,145.96
72 $1,667,756.65 877,005 790,752 56,357,394.20
73 $1,667,756.65 864,870 802,887 55,554,507.42
74 $1,667,756.65 852,549 815,208 54,739,299.42
75 $1,667,756.65 840,038 827,718 53,911,581.09
76 $1,667,756.65 827,336 840,421 53,071,160.47
77 $1,667,756.65 814,439 853,318 52,217,842.61
78 $1,667,756.65 801,344 866,413 51,351,429.59
79 $1,667,756.65 788,048 879,709 50,471,720.46
80 $1,667,756.65 774,547 893,209 49,578,511.16
81 $1,667,756.65 760,840 906,917 48,671,594.53
82 $1,667,756.65 746,922 920,834 47,750,760.20
83 $1,667,756.65 732,791 934,966 46,815,794.60
84 $1,667,756.65 718,443 949,314 45,866,480.86
85 $1,667,756.65 703,875 963,882 44,902,598.80
86 $1,667,756.65 689,083 978,674 43,923,924.84
87 $1,667,756.65 674,064 993,693 42,930,232.00
88 $1,667,756.65 658,814 1,008,942 41,921,289.77
89 $1,667,756.65 643,331 1,024,426 40,896,864.16
90 $1,667,756.65 627,610 1,040,147 39,856,717.54
91 $1,667,756.65 611,648 1,056,109 38,800,608.65
92 $1,667,756.65 595,441 1,072,316 37,728,292.55
93 $1,667,756.65 578,985 1,088,772 36,639,520.50
94 $1,667,756.65 562,276 1,105,481 35,534,039.98
95 $1,667,756.65 545,311 1,122,445 34,411,594.58
96 $1,667,756.65 528,086 1,139,671 33,271,923.94
97 $1,667,756.65 510,596 1,157,160 32,114,763.72
98 $1,667,756.65 492,838 1,174,918 30,939,845.54
99 $1,667,756.65 474,808 1,192,949 29,746,896.87
100 $1,667,756.65 456,501 1,211,256 28,535,641.01
 101 $1,667,756.65 437,913 1,229,844 27,305,797.01
102 $1,667,756.65 419,039 1,248,717 26,057,079.63
103 $1,667,756.65 399,876 1,267,880 24,789,199.23
104 $1,667,756.65 380,419 1,287,338 23,501,861.72
105 $1,667,756.65 360,663 1,307,093 22,194,768.52
106 $1,667,756.65 340,605 1,327,152 20,867,616.45
107 $1,667,756.65 320,238 1,347,519 19,520,097.68
108 $1,667,756.65 299,559 1,368,198 18,151,899.67
109 $1,667,756.65 278,562 1,389,195 16,762,705.07
110 $1,667,756.65 257,243 1,410,513 15,352,191.66
111 $1,667,756.65 235,597 1,432,159 13,920,032.28
112 $1,667,756.65 213,619 1,454,138 12,465,894.74
113 $1,667,756.65 191,304 1,476,453 10,989,441.76
114 $1,667,756.65 168,646 1,499,111 9,490,330.90
115 $1,667,756.65 145,640 1,522,116 7,968,214.43
116 $1,667,756.65 122,282 1,545,475 6,422,739.32
117 $1,667,756.65 98,564 1,569,192 4,853,547.08
118 $1,667,756.65 74,483 1,593,273 3,260,273.76
119 $1,667,756.65 50,033 1,617,724 1,642,549.81
120 $1,667,756.65 25,207 1,642,550 -
$200,130,798.26 $108,930,798.26 $91,200,000.00

El costo financiero se ve afectado por los gastos de estudio y administración, por lo cual este valor
nos aumenta en nuestra obligación bancaria, por ende también aumenta los intereses a pagar.

METODO 1: CUOTAS MENSUALES CONSTANTES CON PERIODO DE GRACIA DE CAPITAL E INTERESES O PERIODO DE GRACIA
Realice la tabla de amortización de un préstamo de $ 130.000.000 con un costo de financiación de 12% aba
Plazo = 10 años = 120 meses
Forma de pago = Cuotas mensuales constantes con seis meses de periodo de gracia de capital e intereses

CREDITO 130,000,000
TASA 12% ABA 0.02 TASA BBA 1.02% MMV EM
PLAZO 120 0.02 BBV 12.89% EA
114
PERIODO CUOTA INTERES ABONO K SALDO
0 130,000,000.00
1 $0.00 1,319,830.79 - 1,319,830.79 131,319,830.79
2 $0.00 1,333,230.43 - 1,333,230.43 132,653,061.22
3 $0.00 1,346,766.11 - 1,346,766.11 133,999,827.34
4 $0.00 1,360,439.22 - 1,360,439.22 135,360,266.56
5 $0.00 1,374,251.14 - 1,374,251.14 136,734,517.69
6 $0.00 1,388,203.28 - 1,388,203.28 138,122,720.98
7 $2,050,576.62 1,402,297.08 648,279.54 137,474,441.43
8 $2,050,576.62 1,395,715.39 654,861.23 136,819,580.21
9 $2,050,576.62 1,389,066.88 661,509.74 136,158,070.47
10 $2,050,576.62 1,382,350.88 668,225.74 135,489,844.73
11 $2,050,576.62 1,375,566.68 675,009.93 134,814,834.80
12 $2,050,576.62 1,368,713.62 681,863.00 134,132,971.79
13 $2,050,576.62 1,361,790.97 688,785.65 133,444,186.15
14 $2,050,576.62 1,354,798.05 695,778.57 132,748,407.57
15 $2,050,576.62 1,347,734.12 702,842.50 132,045,565.08
16 $2,050,576.62 1,340,598.48 709,978.14 131,335,586.94
17 $2,050,576.62 1,333,390.40 717,186.22 130,618,400.72
18 $2,050,576.62 1,326,109.13 724,467.49 129,893,933.23
19 $2,050,576.62 1,318,753.94 731,822.67 129,162,110.56
20 $2,050,576.62 1,311,324.08 739,252.54 128,422,858.02
21 $2,050,576.62 1,303,818.79 746,757.83 127,676,100.19
22 $2,050,576.62 1,296,237.30 754,339.32 126,921,760.87
23 $2,050,576.62 1,288,578.83 761,997.79 126,159,763.08
24 $2,050,576.62 1,280,842.62 769,734.00 125,390,029.08
25 $2,050,576.62 1,273,027.86 777,548.76 124,612,480.31
26 $2,050,576.62 1,265,133.76 785,442.86 123,827,037.45
27 $2,050,576.62 1,257,159.51 793,417.10 123,033,620.35
28 $2,050,576.62 1,249,104.31 801,472.31 122,232,148.04
29 $2,050,576.62 1,240,967.33 809,609.29 121,422,538.75
30 $2,050,576.62 1,232,747.73 817,828.88 120,604,709.87
31 $2,050,576.62 1,224,444.69 826,131.93 119,778,577.94
32 $2,050,576.62 1,216,057.35 834,519.27 118,944,058.67
33 $2,050,576.62 1,207,584.85 842,991.76 118,101,066.90
34 $2,050,576.62 1,199,026.34 851,550.28 117,249,516.63
35 $2,050,576.62 1,190,380.94 860,195.68 116,389,320.95
36 $2,050,576.62 1,181,647.77 868,928.85 115,520,392.10
37 $2,050,576.62 1,172,825.93 877,750.69 114,642,641.41
38 $2,050,576.62 1,163,914.52 886,662.09 113,755,979.31
39 $2,050,576.62 1,154,912.65 895,663.97 112,860,315.34
40 $2,050,576.62 1,145,819.38 904,757.24 111,955,558.10
41 $2,050,576.62 1,136,633.79 913,942.83 111,041,615.28
42 $2,050,576.62 1,127,354.95 923,221.67 110,118,393.60
43 $2,050,576.62 1,117,981.90 932,594.72 109,185,798.88
44 $2,050,576.62 1,108,513.69 942,062.93 108,243,735.95
45 $2,050,576.62 1,098,949.35 951,627.27 107,292,108.68
46 $2,050,576.62 1,089,287.91 961,288.71 106,330,819.98
47 $2,050,576.62 1,079,528.39 971,048.23 105,359,771.75
48 $2,050,576.62 1,069,669.78 980,906.84 104,378,864.90
49 $2,050,576.62 1,059,711.08 990,865.54 103,387,999.36
50 $2,050,576.62 1,049,651.27 1,000,925.35 102,387,074.01
51 $2,050,576.62 1,039,489.33 1,011,087.29 101,375,986.72
52 $2,050,576.62 1,029,224.22 1,021,352.40 100,354,634.33
53 $2,050,576.62 1,018,854.90 1,031,721.72 99,322,912.60
54 $2,050,576.62 1,008,380.30 1,042,196.32 98,280,716.28
55 $2,050,576.62 997,799.35 1,052,777.27 97,227,939.01
56 $2,050,576.62 987,110.98 1,063,465.64 96,164,473.37
 57 $2,050,576.62 976,314.10 1,074,262.52 95,090,210.86
58 $2,050,576.62 965,407.60 1,085,169.02 94,005,041.84
59 $2,050,576.62 954,390.38 1,096,186.24 92,908,855.60
60 $2,050,576.62 943,261.30 1,107,315.32 91,801,540.27
61 $2,050,576.62 932,019.23 1,118,557.39 90,682,982.88
62 $2,050,576.62 920,663.02 1,129,913.60 89,553,069.29
63 $2,050,576.62 909,191.53 1,141,385.09 88,411,684.19
64 $2,050,576.62 897,603.56 1,152,973.06 87,258,711.14
65 $2,050,576.62 885,897.95 1,164,678.67 86,094,032.47
66 $2,050,576.62 874,073.50 1,176,503.12 84,917,529.35
67 $2,050,576.62 862,129.00 1,188,447.62 83,729,081.73
68 $2,050,576.62 850,063.23 1,200,513.39 82,528,568.35
69 $2,050,576.62 837,874.97 1,212,701.65 81,315,866.70
70 $2,050,576.62 825,562.96 1,225,013.66 80,090,853.04
71 $2,050,576.62 813,125.95 1,237,450.67 78,853,402.37
72 $2,050,576.62 800,562.68 1,250,013.94 77,603,388.43
73 $2,050,576.62 787,871.86 1,262,704.76 76,340,683.67
74 $2,050,576.62 775,052.19 1,275,524.43 75,065,159.25
75 $2,050,576.62 762,102.37 1,288,474.25 73,776,685.00
76 $2,050,576.62 749,021.08 1,301,555.54 72,475,129.46
77 $2,050,576.62 735,806.98 1,314,769.64 71,160,359.82
78 $2,050,576.62 722,458.72 1,328,117.90 69,832,241.93
79 $2,050,576.62 708,974.95 1,341,601.67 68,490,640.26
80 $2,050,576.62 695,354.28 1,355,222.34 67,135,417.92
81 $2,050,576.62 681,595.32 1,368,981.30 65,766,436.62
82 $2,050,576.62 667,696.68 1,382,879.94 64,383,556.68
83 $2,050,576.62 653,656.93 1,396,919.69 62,986,636.99
84 $2,050,576.62 639,474.64 1,411,101.98 61,575,535.00
85 $2,050,576.62 625,148.36 1,425,428.26 60,150,106.75
86 $2,050,576.62 610,676.64 1,439,899.98 58,710,206.77
87 $2,050,576.62 596,057.99 1,454,518.63 57,255,688.14
88 $2,050,576.62 581,290.92 1,469,285.69 55,786,402.44
89 $2,050,576.62 566,373.94 1,484,202.68 54,302,199.76
90 $2,050,576.62 551,305.50 1,499,271.12 52,802,928.65
91 $2,050,576.62 536,084.09 1,514,492.53 51,288,436.11
92 $2,050,576.62 520,708.13 1,529,868.49 49,758,567.63
93 $2,050,576.62 505,176.07 1,545,400.54 48,213,167.08
94 $2,050,576.62 489,486.33 1,561,090.29 46,652,076.79
95 $2,050,576.62 473,637.29 1,576,939.33 45,075,137.46
96 $2,050,576.62 457,627.34 1,592,949.28 43,482,188.18
97 $2,050,576.62 441,454.85 1,609,121.77 41,873,066.42
98 $2,050,576.62 425,118.17 1,625,458.45 40,247,607.97
99 $2,050,576.62 408,615.63 1,641,960.99 38,605,646.98
100 $2,050,576.62 391,945.55 1,658,631.07 36,947,015.92
101 $2,050,576.62 375,106.23 1,675,470.39 35,271,545.52
102 $2,050,576.62 358,095.94 1,692,480.68 33,579,064.84
103 $2,050,576.62 340,912.95 1,709,663.67 31,869,401.17
104 $2,050,576.62 323,555.52 1,727,021.10 30,142,380.07
105 $2,050,576.62 306,021.86 1,744,554.76 28,397,825.31
106 $2,050,576.62 288,310.19 1,762,266.43 26,635,558.87
107 $2,050,576.62 270,418.70 1,780,157.92 24,855,400.95
108 $2,050,576.62 252,345.57 1,798,231.05 23,057,169.90
109 $2,050,576.62 234,088.94 1,816,487.67 21,240,682.23
110 $2,050,576.62 215,646.97 1,834,929.65 19,405,752.58
111 $2,050,576.62 197,017.77 1,853,558.85 17,552,193.73
112 $2,050,576.62 178,199.43 1,872,377.19 15,679,816.54
113 $2,050,576.62 159,190.04 1,891,386.58 13,788,429.96
114 $2,050,576.62 139,987.65 1,910,588.97 11,877,840.99
115 $2,050,576.62 120,590.31 1,929,986.31 9,947,854.68
116 $2,050,576.62 100,996.04 1,949,580.58 7,998,274.10
117 $2,050,576.62 81,202.83 1,969,373.78 6,028,900.31
118 $2,050,576.62 61,208.68 1,989,367.94 4,039,532.37
119 $2,050,576.62 41,011.53 2,009,565.09 2,029,967.29
120 $2,050,576.62 20,609.33 2,029,967.29 0.00
$233,765,734.55 103,765,734.55 130,000,000.00
El costo financiero se ve afectado por un periodo de gracia que no el más apropiado, porque todos
los intereses que generen nuestra obligación serán llevados como mayor al crédito.

METODO 1: CUOTAS MENSUALES CONSTANTES

Realice la tabla de amortización de un préstamo de $ 180.000.000 con un costo de financiación de 12% sMV
Plazo = 10 años = 120 meses
Forma de pago = Cuotas mensuales constantes e iguales (Anualidades)
Considere que por el crédito le obligan a pagar un seguro del crédito por un valor de $8.500 al final de cada mes durante todo el
crédito. ¿Cómo afecta esto el costo financiero?

CREDITO 180,000,000
TASA 12% SMV 1.91% MMV EM
PLAZO 120 25.44% AAV EA
SEGURO 1,020,000

VALOR CUOTA +
PERIODO CUOTA INTERES ABONO K SEGURO SALDO
SEGURO
0 180,000,000.000
1 3,829,125.170 3,432,172.151 396,953.020 8,500 3,837,625.170 179,603,046.980
2 3,829,125.170 3,424,603.200 404,521.970 8,500 3,837,625.170 179,198,525.010
3 3,829,125.170 3,416,889.928 412,235.242 8,500 3,837,625.170 178,786,289.768
4 3,829,125.170 3,409,029.582 420,095.589 8,500 3,837,625.170 178,366,194.179
5 3,829,125.170 3,401,019.357 428,105.813 8,500 3,837,625.170 177,938,088.366
6 3,829,125.170 3,392,856.397 436,268.773 8,500 3,837,625.170 177,501,819.593
7 3,829,125.170 3,384,537.789 444,587.382 8,500 3,837,625.170 177,057,232.211
8 3,829,125.170 3,376,060.564 453,064.606 8,500 3,837,625.170 176,604,167.605
9 3,829,125.170 3,367,421.699 461,703.472 8,500 3,837,625.170 176,142,464.133
10 3,829,125.170 3,358,618.111 470,507.059 8,500 3,837,625.170 175,671,957.074
11 3,829,125.170 3,349,646.660 479,478.511 8,500 3,837,625.170 175,192,478.563
12 3,829,125.170 3,340,504.144 488,621.026 8,500 3,837,625.170 174,703,857.537
13 3,829,125.170 3,331,187.303 497,937.868 8,500 3,837,625.170 174,205,919.669
14 3,829,125.170 3,321,692.811 507,432.359 8,500 3,837,625.170 173,698,487.310
15 3,829,125.170 3,312,017.282 517,107.888 8,500 3,837,625.170 173,181,379.422
16 3,829,125.170 3,302,157.264 526,967.906 8,500 3,837,625.170 172,654,411.515
17 3,829,125.170 3,292,109.239 537,015.932 8,500 3,837,625.170 172,117,395.583
18 3,829,125.170 3,281,869.621 547,255.549 8,500 3,837,625.170 171,570,140.034
19 3,829,125.170 3,271,434.759 557,690.412 8,500 3,837,625.170 171,012,449.622
20 3,829,125.170 3,260,800.928 568,324.242 8,500 3,837,625.170 170,444,125.380
21 3,829,125.170 3,249,964.336 579,160.835 8,500 3,837,625.170 169,864,964.545
22 3,829,125.170 3,238,921.115 590,204.055 8,500 3,837,625.170 169,274,760.490
23 3,829,125.170 3,227,667.327 601,457.844 8,500 3,837,625.170 168,673,302.646
24 3,829,125.170 3,216,198.955 612,926.215 8,500 3,837,625.170 168,060,376.431
25 3,829,125.170 3,204,511.909 624,613.261 8,500 3,837,625.170 167,435,763.170
26 3,829,125.170 3,192,602.019 636,523.151 8,500 3,837,625.170 166,799,240.018
27 3,829,125.170 3,180,465.035 648,660.135 8,500 3,837,625.170 166,150,579.884
28 3,829,125.170 3,168,096.629 661,028.542 8,500 3,837,625.170 165,489,551.342
29 3,829,125.170 3,155,492.385 673,632.785 8,500 3,837,625.170 164,815,918.557
30 3,829,125.170 3,142,647.809 686,477.361 8,500 3,837,625.170 164,129,441.196
31 3,829,125.170 3,129,558.318 699,566.853 8,500 3,837,625.170 163,429,874.343
32 3,829,125.170 3,116,219.241 712,905.930 8,500 3,837,625.170 162,716,968.414
33 3,829,125.170 3,102,625.819 726,499.351 8,500 3,837,625.170 161,990,469.062
34 3,829,125.170 3,088,773.203 740,351.967 8,500 3,837,625.170 161,250,117.096
35 3,829,125.170 3,074,656.451 754,468.719 8,500 3,837,625.170 160,495,648.376
36 3,829,125.170 3,060,270.526 768,854.644 8,500 3,837,625.170 159,726,793.732
37 3,829,125.170 3,045,610.296 783,514.875 8,500 3,837,625.170 158,943,278.857
38 3,829,125.170 3,030,670.529 798,454.641 8,500 3,837,625.170 158,144,824.216
39 3,829,125.170 3,015,445.897 813,679.273 8,500 3,837,625.170 157,331,144.943
40 3,829,125.170 2,999,930.967 829,194.203 8,500 3,837,625.170 156,501,950.740
41 3,829,125.170 2,984,120.205 845,004.965 8,500 3,837,625.170 155,656,945.774
42 3,829,125.170 2,968,007.969 861,117.202 8,500 3,837,625.170 154,795,828.573
43 3,829,125.170 2,951,588.511 877,536.660 8,500 3,837,625.170 153,918,291.913
44 3,829,125.170 2,934,855.972 894,269.198 8,500 3,837,625.170 153,024,022.715
45 3,829,125.170 2,917,804.384 911,320.786 8,500 3,837,625.170 152,112,701.929
46 3,829,125.170 2,900,427.663 928,697.507 8,500 3,837,625.170 151,184,004.421
47 3,829,125.170 2,882,719.609 946,405.561 8,500 3,837,625.170 150,237,598.860
48 3,829,125.170 2,864,673.905 964,451.266 8,500 3,837,625.170 149,273,147.594
49 3,829,125.170 2,846,284.111 982,841.059 8,500 3,837,625.170 148,290,306.535
50 3,829,125.170 2,827,543.669 1,001,581.502 8,500 3,837,625.170 147,288,725.033
51 3,829,125.170 2,808,445.890 1,020,679.280 8,500 3,837,625.170 146,268,045.753
52 3,829,125.170 2,788,983.962 1,040,141.208 8,500 3,837,625.170 145,227,904.545
53 3,829,125.170 2,769,150.942 1,059,974.229 8,500 3,837,625.170 144,167,930.316
54 3,829,125.170 2,748,939.753 1,080,185.418 8,500 3,837,625.170 143,087,744.899
55 3,829,125.170 2,728,343.184 1,100,781.986 8,500 3,837,625.170 141,986,962.912
56 3,829,125.170 2,707,353.888 1,121,771.282 8,500 3,837,625.170 140,865,191.630
57 3,829,125.170 2,685,964.376 1,143,160.794 8,500 3,837,625.170 139,722,030.836
58 3,829,125.170 2,664,167.017 1,164,958.153 8,500 3,837,625.170 138,557,072.683
59 3,829,125.170 2,641,954.034 1,187,171.136 8,500 3,837,625.170 137,369,901.547
60 3,829,125.170 2,619,317.503 1,209,807.668 8,500 3,837,625.170 136,160,093.879
61 3,829,125.170 2,596,249.346 1,232,875.824 8,500 3,837,625.170 134,927,218.055
62 3,829,125.170 2,572,741.334 1,256,383.836 8,500 3,837,625.170 133,670,834.219
63 3,829,125.170 2,548,785.081 1,280,340.089 8,500 3,837,625.170 132,390,494.130
64 3,829,125.170 2,524,372.039 1,304,753.132 8,500 3,837,625.170 131,085,740.998
65 3,829,125.170 2,499,493.498 1,329,631.672 8,500 3,837,625.170 129,756,109.326
66 3,829,125.170 2,474,140.582 1,354,984.588 8,500 3,837,625.170 128,401,124.738
67 3,829,125.170 2,448,304.247 1,380,820.923 8,500 3,837,625.170 127,020,303.814
68 3,829,125.170 2,421,975.274 1,407,149.896 8,500 3,837,625.170 125,613,153.918
69 3,829,125.170 2,395,144.270 1,433,980.900 8,500 3,837,625.170 124,179,173.018
70 3,829,125.170 2,367,801.663 1,461,323.507 8,500 3,837,625.170 122,717,849.511
71 3,829,125.170 2,339,937.697 1,489,187.473 8,500 3,837,625.170 121,228,662.037
72 3,829,125.170 2,311,542.432 1,517,582.739 8,500 3,837,625.170 119,711,079.299
73 3,829,125.170 2,282,605.736 1,546,519.434 8,500 3,837,625.170 118,164,559.865
74 3,829,125.170 2,253,117.287 1,576,007.884 8,500 3,837,625.170 116,588,551.981
75 3,829,125.170 2,223,066.562 1,606,058.608 8,500 3,837,625.170 114,982,493.373
76 3,829,125.170 2,192,442.842 1,636,682.328 8,500 3,837,625.170 113,345,811.045
77 3,829,125.170 2,161,235.200 1,667,889.970 8,500 3,837,625.170 111,677,921.075
78 3,829,125.170 2,129,432.503 1,699,692.667 8,500 3,837,625.170 109,978,228.408
79 3,829,125.170 2,097,023.404 1,732,101.766 8,500 3,837,625.170 108,246,126.641
80 3,829,125.170 2,063,996.341 1,765,128.830 8,500 3,837,625.170 106,480,997.812
81 3,829,125.170 2,030,339.529 1,798,785.641 8,500 3,837,625.170 104,682,212.171
82 3,829,125.170 1,996,040.963 1,833,084.208 8,500 3,837,625.170 102,849,127.963
83 3,829,125.170 1,961,088.404 1,868,036.766 8,500 3,837,625.170 100,981,091.197
84 3,829,125.170 1,925,469.383 1,903,655.787 8,500 3,837,625.170 99,077,435.409
85 3,829,125.170 1,889,171.192 1,939,953.978 8,500 3,837,625.170 97,137,481.431
86 3,829,125.170 1,852,180.881 1,976,944.289 8,500 3,837,625.170 95,160,537.142
87 3,829,125.170 1,814,485.252 2,014,639.918 8,500 3,837,625.170 93,145,897.224
88 3,829,125.170 1,776,070.858 2,053,054.312 8,500 3,837,625.170 91,092,842.911
89 3,829,125.170 1,736,923.992 2,092,201.178 8,500 3,837,625.170 89,000,641.733
90 3,829,125.170 1,697,030.689 2,132,094.482 8,500 3,837,625.170 86,868,547.251
 91 3,829,125.170 1,656,376.715 2,172,748.456 8,500 3,837,625.170 84,695,798.796
92 3,829,125.170 1,614,947.566 2,214,177.604 8,500 3,837,625.170 82,481,621.192
93 3,829,125.170 1,572,728.462 2,256,396.708 8,500 3,837,625.170 80,225,224.484
94 3,829,125.170 1,529,704.340 2,299,420.830 8,500 3,837,625.170 77,925,803.654
95 3,829,125.170 1,485,859.851 2,343,265.320 8,500 3,837,625.170 75,582,538.334
96 3,829,125.170 1,441,179.351 2,387,945.819 8,500 3,837,625.170 73,194,592.515
97 3,829,125.170 1,395,646.900 2,433,478.270 8,500 3,837,625.170 70,761,114.244
98 3,829,125.170 1,349,246.254 2,479,878.917 8,500 3,837,625.170 68,281,235.328
99 3,829,125.170 1,301,960.857 2,527,164.313 8,500 3,837,625.170 65,754,071.015
100 3,829,125.170 1,253,773.841 2,575,351.330 8,500 3,837,625.170 63,178,719.685
101 3,829,125.170 1,204,668.012 2,624,457.158 8,500 3,837,625.170 60,554,262.527
102 3,829,125.170 1,154,625.853 2,674,499.318 8,500 3,837,625.170 57,879,763.209
103 3,829,125.170 1,103,629.508 2,725,495.663 8,500 3,837,625.170 55,154,267.546
104 3,829,125.170 1,051,660.784 2,777,464.387 8,500 3,837,625.170 52,376,803.160
105 3,829,125.170 998,701.140 2,830,424.031 8,500 3,837,625.170 49,546,379.129
106 3,829,125.170 944,731.681 2,884,393.489 8,500 3,837,625.170 46,661,985.640
107 3,829,125.170 889,733.153 2,939,392.017 8,500 3,837,625.170 43,722,593.623
108 3,829,125.170 833,685.934 2,995,439.236 8,500 3,837,625.170 40,727,154.387
109 3,829,125.170 776,570.028 3,052,555.142 8,500 3,837,625.170 37,674,599.245
110 3,829,125.170 718,365.057 3,110,760.113 8,500 3,837,625.170 34,563,839.132
111 3,829,125.170 659,050.256 3,170,074.914 8,500 3,837,625.170 31,393,764.217
112 3,829,125.170 598,604.463 3,230,520.708 8,500 3,837,625.170 28,163,243.510
113 3,829,125.170 537,006.111 3,292,119.059 8,500 3,837,625.170 24,871,124.451
114 3,829,125.170 474,233.226 3,354,891.944 8,500 3,837,625.170 21,516,232.506
115 3,829,125.170 410,263.411 3,418,861.759 8,500 3,837,625.170 18,097,370.747
116 3,829,125.170 345,073.844 3,484,051.327 8,500 3,837,625.170 14,613,319.420
117 3,829,125.170 278,641.266 3,550,483.904 8,500 3,837,625.170 11,062,835.516
118 3,829,125.170 210,941.978 3,618,183.193 8,500 3,837,625.170 7,444,652.324
119 3,829,125.170 141,951.824 3,687,173.346 8,500 3,837,625.170 3,757,478.978
120 3,829,125.170 71,646.193 3,757,478.978 8,500 3,837,625.170 0.000
459,495,020.448 279,495,020.448 180,000,000.000 1,020,000

Nuestro costo financiero no se ve afectado por el seguro, porque el valor pactado al momento de
adquirir la obligación es una cuota fija que solo afecta nuestro capital e intereses, y el valor del
seguro solo es un garantía adicional que en si es un gasto, pero no se reflejara o afectara de alguna
manera nuestro crédito