Tasa Anual 20.

00%
PRIMER PAGO 840,000.00 A Tasa Periódica 4.6635%
GRADIENTE 85,000.00 G NÚM. DE PAGOS 12

FACTOR VALOR
NÚMERO CUOTA VALOR CUOTA
DESCUENTO PRESENTE
1 840,000.00 1.0466 802,571.95
2 925,000.00 1.0954 844,405.61
3 1,010,000.00 1.1465 880,917.91
4 1,095,000.00 1.2000 912,500.00
5 1,180,000.00 1.2560 939,518.75
6 1,265,000.00 1.3145 962,318.10
7 1,350,000.00 1.3758 981,220.44
8 1,435,000.00 1.4400 996,527.78
9 1,520,000.00 1.5072 1,008,522.95
10 1,605,000.00 1.5774 1,017,470.72
11 1,690,000.00 1.6510 1,023,618.86
12 1,775,000.00 1.7280 1,027,199.07

TOTAL 11,396,792.14

0.728 0.1683783272947
VP = 840,000.00 85,000.00
0.08058552087 0.0037581169987

VP = 840,000.00 9.03 85,000.00 44.80

VP = 7,588,459.98 3,808,332.16
 VP = 11,396,792.14

CÁLCULO DE A (PRIMER PAGO)

VP 11,396,792.14
N 12
GRAD. 85,000.00
I% 4.6635%

A 840,000.00

0.728
9.03388
0.0805855208696
0.1683783272947
3,808,332.16
0.0037581169987
 Creciente Aritmético Decreciente Aritmético
1000 50 1000 50
1050 950
1100 900
1150 850
1200 800
1250 750
… …

NÚMERO
VALOR CUOTA FACTOR A FUTURO VALOR FUTURO
CUOTA
1 840,000.00 1.6510 1,386,844.32
2 925,000.00 1.5774 1,459,132.89
3 1,010,000.00 1.5072 1,522,226.15
4 1,095,000.00 1.4400 1,576,800.00
5 1,180,000.00 1.3758 1,623,488.39
6 1,265,000.00 1.3145 1,662,885.68
7 1,350,000.00 1.2560 1,695,548.93
8 1,435,000.00 1.2000 1,722,000.00
9 1,520,000.00 1.1465 1,742,727.65
10 1,605,000.00 1.0954 1,758,189.41
11 1,690,000.00 1.0466 1,768,813.39
12 1,775,000.00 1.0000 1,775,000.00

TOTAL 19,693,656.81

0.728 0.728
VF = 840,000.00 1,822,659.93 12.00
4.6635% 4.66%

VF = 840,000.00 15.6105 1,822,659.93 15.61 12.00

VF = 13,112,858.84 1,822,659.93 3.61

 VF = 13,112,858.84 6,580,797.97

VF = 19,693,656.81

VF 19,693,656.81
N 12
GRAD. 85,000.00
I% 4.6635%

A 840,000.00

0.728
15.61055
4.6635%
3.610546242374
6,580,797.96913
1,822,659.93
 Tasa Anual 20.00%
PRIMER PAGO 1,980,000.00 A Tasa Periódica 6.2659%
GRADIENTE -2.50% G NÚM. DE PAGOS 9

NÚMERO VALOR
CUOTA VALOR CUOTA FACTOR DESCUENTO PRESENTE
1 1,980,000.00 1.0627 1,863,251.34
2100000 2 1,930,500.00 1.1292 1,709,551.97
2205000 3 1,882,237.50 1.2000 1,568,531.25
4 1,835,181.56 1.2752 1,439,143.31
5 1,789,302.02 1.3551 1,320,428.56
6 1,744,569.47 1.4400 1,211,506.58
7 1,700,955.24 1.5302 1,111,569.56
8 1,658,431.36 1.6261 1,019,876.33
9 1,616,970.57 1.7280 935,746.86
10 1.8363 0.00
11 1.9513 0.00
12 2.0736 0.00

TOTAL 12,179,605.75

CRECIENTE

1,980,000.00 0.796235508570705
VP = 1.00
8.77% 1.728

VP = 22,587,637.68 1.00 0.46

VP = 22,587,637.68 0.54
 VP = 12,179,605.75

CÁLCULO DE A (PRIMER PAGO)

VP 12,179,605.75
N 9
GRAD. -2.50%
I% 6.27%

A 1,980,000.00

8.77% 0.539215562169731
Creciente Geométrico Decreciente Geométrico
1000.00 5.00% 1000.00 5.00%
1050.00 950.00
1102.50 902.50
1157.63 857.38
1215.51 814.51

NÚMERO FACTOR A
CUOTA VALOR CUOTA FUTURO VALOR FUTURO

1 1,980,000.00 1.6261 3,219,698.31

2 1,930,500.00 1.5302 2,954,105.81
3 1,882,237.50 1.4400 2,710,422.00
4 1,835,181.56 1.3551 2,486,839.64
5 1,789,302.02 1.2752 2,281,700.55
6 1,744,569.47 1.2000 2,093,483.37
7 1,700,955.24 1.1292 1,920,792.19
8 1,658,431.36 1.0627 1,762,346.29
9 1,616,970.57 1.0000 1,616,970.57
10 0.00 0.9410 0.00
11 0.00 0.8855 0.00
12 0.00 0.8333 0.00

TOTAL 21,046,358.73

𝐴
𝑉𝐹 = ∗ ሾ(1 + 𝐼𝑝)𝑛 − (1 + 𝑔𝑘)𝑛 ሿ
𝐼𝑝 − 𝑔𝑘

1,980,000.00
VF = * 1.728000 0.7962355
8.77%

VF = 22,587,637.68 * 0.93176

VF = 21,046,358.73
 VF 21,046,358.73
N 9
GRAD. -2.50%
I% 6.27%

A 1,980,000.00

𝐴
𝑉𝐹 = ∗ ሾ(1 + 𝐼𝑝)𝑛 − (1 + 𝑔𝑘)𝑛 ሿ
𝐼𝑝 − 𝑔𝑘

8.77% 0.931764491429
1,352,701.92
)𝑛 ሿ