CALCULO

FINANCIERO
EJERCICIOS
EQUIVALENCIAS DE TASAS – TASAS NOMINALES Y EFECTIVAS – INTERES
REAL
CALCULAR LA TEA APARTIR DE LA TNA
TNA DIAS TEA
12 % 180 12.36 %
12% 30 12.68 %

i = ( 1 + j(m)/m)^p/t - 1

i = ( 1 + 0.12/ 365/180) ^180/365 - 1

i = ( 1 + 0.12/ 365/30) ^30/365 - 1

CALCULAR LA TEM APARTIR DE LA TEA
TNA DIAS TEM TEA
12 % 180 0.962 % 12,36
12% 30 0.986 % 12,68

(1+i)^1/m -1
TNA = 12 %
(1 + 0.1236)^ 1/(365/30) -1 = 0.00962 TEM = 0.962%

(1 + 0.1268)^ 1/(365/30) -1 = 0.00986

CALCULAR LA TNA APARTIR DE LA TEA
TNA DIAS TEA
9,758 % 180 10%
9.61 % 60 10%
9.57 %
30 10%

J (m) = [(1+i)^1/(m) -1]^m

J (m) = [ (1+ 0.10)^ 1/(365/180) -1] ^ 365/180

J (m) = [ (1+ 0.10)^ 1/(365/60) -1] ^ 365/60

J (m) = [ (1+ 0.10)^ 1/(365/30) -1] ^ 365/30 [ (1+ 0.10)^ 1/(365/30) -1] = 0.0078

J(m) = 0.0078 * 365/30 = 9.56%

CALCULAR:
VA = N ( 1 - d) ^n

A PARTIR DE UNA TASA 20% CON

DESCUENTO SEMESTRAL LA TASA
PROPORCIONAL 0 1 semestre 2 semestre

f(m) / m = Tasa proporcional $1

0.20 / 2 = 0.10
0.81 / (1 - 0.10)^2 1*( 1 - 0.20 / 2) = 0.90

0.90 * (1 -0.20/2) = 0.81

CALCULAR:
TASA EFECTIVA DE DESCUENTO A
PARTIR DE LA TASA NOMINAL DE
DESCUENTO (ANUAL)
TASA 20 % SEMESTRAL
d= 1 - (1- f(m)/m)^m

d = 1 - ( 1 - 0.20/2) ^2

d= 0.19 = 19%
CALCULAR:
TASA DE DESCUENTO EQUIVALENTE
SEMESTRAL A LA TASA EFECTIVA DE
DESCUENTO DEL 19%

d(m) = 1 - ( 1 - d) ^1/m

d(180) = 1 - ( 1 - 0.19) ^1/2

d(180) = 0.10 = 10%