Cuotas constantes Interés constante

Capit 100 Capital 100

10% f 16.27 i 10%
n 10 n 10
n Capital Interés Amortización Cuota n Capital
0 100 0 0 0 0 100.00
1 93.73 10.00 6.27 16.27 14.795 1 100.00
2 86.82 9.37 6.90 16.27 13.450 2 100.00
3 79.23 8.68 7.59 16.27 12.227 3 100.00
4 70.88 7.92 8.35 16.27 11.116 4 100.00
5 61.69 7.09 9.19 16.27 10.105 5 100.00
6 51.59 6.17 10.11 16.27 9.187 6 100.00
7 40.47 5.16 11.12 16.27 8.351 7 100.00
8 28.25 4.05 12.23 16.27 7.592 8 100.00
9 14.80 2.82 13.45 16.27 6.902 9 100.00
10 - 1.48 14.80 16.27 6.275 10 -

100.000

Cuotas constantes con dos periodos de gracia

Capit 100
i 10% 0
n 10
n Capital Interés Amortización Cuota
0 100 0 0 0
1 110.00 10.00 - -
2 121.00 11.00 - -
3 110.42 12.10 10.58 22.68
4 98.78 11.04 11.64 22.68
5 85.98 9.88 12.80 22.68
6 71.89 8.60 14.08 22.68
6 56.40 7.19 15.49 22.68
8 39.36 5.64 17.04 22.68
9 20.62 3.94 18.74 22.68
10 - 2.06 20.62 22.68

Cuotas arbitrarias
Capit 100
i 10%
n 10
n Capital Interés Amortización Cuota
 0 100 0 0 0
1 110.00 10.00 - -
2 101.00 11.00 9.00 20.00
3 81.10 10.10 19.9 30.00
4 89.21 8.11 - -
5 98.13 8.92 - -
6 107.94 9.81 - -
7 88.74 10.79 19.21 30.00
8 97.61 8.87 0 -
9 87.37 9.76 10.24 20.00
10 - 8.74 87.37 96.11
 Amortizacion constante
Capital 100
i 10%
n 10
Interés Amortización Cuota n Capital Interés
0 0 - 0 100.00 0
10 - 10.00 9.09 1 90.00 10
10 - 10.00 8.26 2 80.00 9
10 - 10.00 7.51 3 70.00 8
10 - 10.00 6.83 4 60.00 7
10 - 10.00 6.21 5 50.00 6
10 - 10.00 5.64 6 40.00 5
10 - 10.00 5.13 7 30.00 4
10 - 10.00 4.67 8 20.00 3
10 - 10.00 4.24 9 10.00 2
10 100.00 110.00 42.41 10 - 1

100.00

Pi 10
P 6.27

1 2 3
Amortización Cuota
0 -
10.00 20.00 18.18 0.909
10.00 19.00 15.70 0.826
10.00 18.00 13.52 0.751
10.00 17.00 11.61 0.683
10.00 16.00 9.93 0.621
10.00 15.00 8.47 0.564
10.00 14.00 7.18 0.513
10.00 13.00 6.06 0.467
10.00 12.00 5.09 0.424
10.00 11.00 4.24 0.386

100.00
Prestamo de Banco: Caso seguros se cobran al constituirse el crédito (al inicio)

Un usuario toma un préstamo de 10000 el 24 de abril de 2018, con las siguientes condiciones:

Condiciones. La prima del Seguro de Desgravamen brindado por la compañía de seguros “La Positiva Vida Se
préstamo más el 3.00% del importe de la prima por derecho de emisión. Tales montos serán cobrados al mom

La prima del seguro por incapacidad temporal o desempleo involuntario, brindado por la compañía de Seguro
Tal monto será cobrado al momento del desembolso del préstamo. Este seguro es opcional, sin embargo el u

PARTE I Calculo de cuotas

Prestamo 10000
TEA 25.0% 1.88% 0.062%
Numero Cuotas 10
Tasa Seg Desg 2.943% 303.13 3.0313%
Tasa Seg Cuota 1.66% 166.00
Desembolso 9530.87

a) Calcular los pagos iguales a realizarse los dias 16 de cada mes

N° cuota Fecha venc Cuota Nd Acumd fac fac(TCEA)

0 4/22/2018 0
1 5/16/2018 1,103.92 24 24 0.985 0.978
2 6/16/2018 1,103.92 31 55 0.966 0.950
3 7/16/2018 1,103.92 30 85 0.949 0.924
4 8/16/2018 1,103.92 31 116 0.931 0.898
5 9/16/2018 1,103.92 31 147 0.913 0.872
6 10/16/2018 1,103.92 30 177 0.896 0.848
7 11/16/2018 1,103.92 31 208 0.879 0.824
8 12/16/2018 1,103.92 30 238 0.863 0.802
9 1/16/2019 1,103.92 31 269 0.846 0.779
10 2/16/2019 1,103.92 31 300 0.830 0.757

Monto cuota 1103.92 9.059 8.633

b) Calcular el TCEA
id1 0.09290%
Monto cuota 1103.92

Monto recibid 9530.00

TCEA 39.70%
ros “La Positiva Vida Seguros y Reaseguros”, asciende a 2.943% sobre el importe del
s serán cobrados al momento del desembolso del préstamo.

r la compañía de Seguros “Cardif”, asciende a 1.666% sobre el importe del préstamo.

cional, sin embargo el usuario lo toma.

Desde el punto de vista del banco

10000

f f f f

0 1 2 3 10

10000= f/(1+id)^24 +f/(1+id)^55 + f/(1+id)^85+…………+f/(1+id)^300

1000 = f (9.059)

Desde el punto de vista del cliente

9530

f f f f

0 1 2 3 10

9530 = f/(1+id1)^44 + f/(1+id1)^55+………

Usuario
Prestamo de banco: Seguro se paga monto mensual fijo

Prestamo. Caso 1.
Desembolso 4/20/2018
Monto 13000
Meses 12
Dia de pago 30
TEA 15% 0.039%

Mes Fecha días dias ac Factor act. Capital

0 4/20/2018 0 0 13000.00
1 5/30/2018 40 40 0.985 12029.99
2 6/30/2018 31 71 0.973 11002.18
3 7/30/2018 30 101 0.962 9957.60
4 8/30/2018 31 132 0.950 8904.70
5 9/30/2018 31 163 0.939 7839.04
6 10/30/2018 30 193 0.928 6757.41
7 11/30/2018 31 224 0.917 5665.76
8 12/30/2018 30 254 0.906 4558.67
9 1/30/2019 31 285 0.895 3440.40
10 2/28/2019 29 314 0.885 2305.88
11 3/30/2019 30 344 0.875 1159.43
12 4/30/2019 31 375 0.865 0.00

Suma fact. Act 11.078

cuota 1 1173.47
Costos
Desgravamen 4.55 Mensual
Comisión envio 10 Mensual

Interes Amortizac Cuota 1 Seguro Envio Cuota r Factor act1

203.45 970.01 1173.47 4.55 10 1188.02 0.982

145.66 1027.81 1173.47 4.55 10 1188.02 0.969
128.89 1044.58 1173.47 4.55 10 1188.02 0.956
120.56 1052.90 1173.47 4.55 10 1188.02 0.942
107.82 1065.65 1173.47 4.55 10 1188.02 0.929
91.83 1081.63 1173.47 4.55 10 1188.02 0.917
81.82 1091.65 1173.47 4.55 10 1188.02 0.904
66.37 1107.09 1173.47 4.55 10 1188.02 0.892
55.20 1118.27 1173.47 4.55 10 1188.02 0.880
38.95 1134.51 1173.47 4.55 10 1188.02 0.869
27.01 1146.45 1173.47 4.55 10 1188.02 0.857
14.04 1159.43 1173.47 4.55 10 1188.02 0.845

Calculo del TCEA 10.943

Tasa diaria 0.045%
Cuota real 1188.02
Monto recibid 13000.0
TCEA 17.5%
Prestamo. Caso 3. Periodo de gracia 1

Desembolso 4/20/2018 Costos

Monto 13000
Meses 12 Desgravamen 4.55
Dia pago 30 Comisión envio 10
TEA 15% 0.04%
meses gracia 1

Mes Fecha días dias ac Factor act. Capital

0 4/20/2018 0 0 13000.00
1 5/30/2018 40 40 0.000 13203.45
2 6/30/2018 31 71 0.973 12075.39
3 7/30/2018 30 101 0.962 10928.91
4 8/30/2018 31 132 0.950 9773.31
5 9/30/2018 31 163 0.939 8603.71
6 10/30/2018 30 193 0.928 7416.56
7 11/30/2018 31 224 0.917 6218.43
8 12/30/2018 30 254 0.906 5003.34
9 1/30/2019 31 285 0.895 3775.99
10 2/28/2019 29 314 0.885 2530.81
11 3/30/2019 30 344 0.875 1272.53
12 4/30/2019 31 375 0.865 0.00

Suma factor act 10.09

cuota 1 1287.93
mensual
mensual

Interes Amortizac Cuota 1 Seguro Envio Cuota r Factor act1

0.00 0.00 0.00 4.55 10.0 14.55 0.982

159.86 1128.07 1287.93 4.55 10.0 1302.48 0.969
141.46 1146.47 1287.93 4.55 10.0 1302.48 0.956
132.32 1155.61 1287.93 4.55 10.0 1302.48 0.943
118.33 1169.60 1287.93 4.55 10.0 1302.48 0.930
100.79 1187.14 1287.93 4.55 10.0 1302.48 0.918
89.80 1198.14 1287.93 4.55 10.0 1302.48 0.905
72.85 1215.08 1287.93 4.55 10.0 1302.48 0.893
60.58 1227.35 1287.93 4.55 10.0 1302.48 0.881
42.75 1245.18 1287.93 4.55 10.0 1302.48 0.870
29.65 1258.28 1287.93 4.55 10.0 1302.48 0.858
15.41 1272.53 1287.93 4.55 10.0 1302.48 0.846

10.952

Calculo del TCEA

id1 0.044%
P 13000.0

TCEA 17.4%
 14.29
1262.02
1245.31
1228.27
1211.46
1195.42
1179.06
1163.45
1147.53
1132.83
1117.83
1102.53

13000.0000

0
Prestamo. Caso 3. Periodo de gracia

Desembolso 4/20/2018 Costos

Monto 13000 Desgravamen 4.55 mensual
Meses 12 Comisión envi 10 mensual
Dia pago 30
TEA 15% 0.04%
meses gracia 2

Mes Fecha días dias ac Factor act Capital

0 4/20/2018 0 0 13000.00
1 5/30/2018 40 40 0 13203.45
2 6/30/2018 31 71 0 13363.32
3 7/30/2018 30 101 0.962 12094.57
4 8/30/2018 31 132 0.950 10815.70
5 9/30/2018 31 163 0.939 9521.36
6 10/30/2018 30 193 0.928 8207.60
7 11/30/2018 31 224 0.917 6881.67
8 12/30/2018 30 254 0.906 5536.99
9 1/30/2019 31 285 0.895 4178.73
10 2/28/2019 29 314 0.885 2800.74
11 3/30/2019 30 344 0.875 1408.25
12 4/30/2019 31 375 0.865 0.00

Suma fact act 9.12

cuota 1 1425.30
Calculo del TCEA
 Interes Amortizac Cuota 1 Seguro Envio Cuota r Factor act1

0.00 0.00 0.00 4.55 10.0 14.55 0.98

0.00 0.00 0.00 4.55 10.0 14.55 0.97
156.55 1268.75 1425.30 4.55 10.0 1439.85 0.96
146.44 1278.86 1425.30 4.55 10.0 1439.85 0.94
130.95 1294.35 1425.30 4.55 10.0 1439.85 0.93
111.54 1313.76 1425.30 4.55 10.0 1439.85 0.92
99.38 1325.93 1425.30 4.55 10.0 1439.85 0.91
80.62 1344.68 1425.30 4.55 10.0 1439.85 0.89
67.04 1358.26 1425.30 4.55 10.0 1439.85 0.88
47.31 1377.99 1425.30 4.55 10.0 1439.85 0.87
32.81 1392.49 1425.30 4.55 10.0 1439.85 0.86
17.05 1408.25 1425.30 4.55 10.0 1439.85 0.85

lculo del TCEA

id1 0.044%
P 13000.0

TCEA 17.19%
 14.30
14.10
1377.17
1358.49
1340.05
1322.45
1304.51
1287.38
1269.91
1253.79
1237.32
1220.53

13000.00
PERIODOS DE PAGO DE 30 DIAS CADA UNO

Monto 13000
Desembolso 4/20/2018
Cuotas 12
TEA 42.41% 2.99%
Desgravamen 0.050% mensual del saldo del prestamo
Costo envio 10 mensual

Icomp 3.04%
cuota 1309.13 Se usa la formula del modelo
pagos cada 30 días
Cronograma

N° Mes Saldo Principal Interés Desgrav Cuota c

0 4/20/2018 13000 0 0 0 0
1 5/20/2018 12086.07 913.93 388.70 6.50 1309.13
2 6/19/2018 11144.36 941.71 361.37 6.04 1309.13
3 7/19/2018 10174.02 970.34 333.22 5.57 1309.13
4 8/18/2018 9174.18 999.84 304.20 5.09 1309.13
5 9/17/2018 8143.95 1030.23 274.31 4.59 1309.13
6 10/17/2018 7082.40 1061.55 243.50 4.07 1309.13
7 11/16/2018 5988.58 1093.82 211.76 3.54 1309.13
8 12/16/2018 4861.50 1127.07 179.06 2.99 1309.13
9 1/15/2019 3700.17 1161.34 145.36 2.43 1309.13
10 2/14/2019 2503.52 1196.64 110.63 1.85 1309.13
11 3/16/2019 1270.50 1233.02 74.86 1.25 1309.13
12 4/15/2019 0.00 1270.50 37.99 0.64 1309.13

Calculo TCEA
Cuota 1319.13
im 3.168%
Factor act 13000
Prestamo 13000

ia 45.39% TCEA
Envio Cuota f
0 0
10 1319.13 0.97
10 1319.13 0.94
10 1319.13 0.91
10 1319.13 0.88
10 1319.13 0.86
10 1319.13 0.83
10 1319.13 0.80
10 1319.13 0.78
10 1319.13 0.76
10 1319.13 0.73
10 1319.13 0.71
10 1319.13 0.69

9.86
PERIODOS DE PAGO: LOS DIAS 30 DE CADA MES
Monto 13000
Desembolso 4/20/2018
Cuotas 12
TEA 42.41% 2.99% 0.098%
Dias de pago 30
Desgrav mensual 0.050% mensual del saldo del prestamo
Costo envio 10 mensual
Icomp 3.04% 0.100%

Secuencia 1 2 3 4 9
N° Mes dias D acum fact Saldo Amort
0 4/20/2018 13000
1 5/30/2018 40 40 0.96 12203.56 796.44
2 6/30/2018 31 71 0.93 11261.09 942.47
3 7/30/2018 30 101 0.90 10277.40 983.68
4 8/30/2018 31 132 0.88 9274.39 1003.01
5 9/30/2018 31 163 0.85 8239.86 1034.54
6 10/30/2018 30 193 0.82 7164.33 1075.53
7 11/30/2018 31 224 0.80 6063.47 1100.85
8 12/30/2018 30 254 0.78 4921.78 1141.69
9 1/30/2019 31 285 0.75 3750.45 1171.33
10 2/28/2019 29 314 0.73 2534.59 1215.86
11 3/30/2019 30 344 0.71 1285.62 1248.97
12 4/30/2019 31 375 0.69 0.000 1285.62

Dias 375.00
Suma fact 9.80
Cuota m 1,326.02

Calculo del TCEA

Tasa diaria 0.104%
Cuota real 1336.02
Desembolso 13,000.00
TCEA 45.2%
 I = 100(1+i)-100
100 I = 10
F1 = 110

6 8 7 5 10
Interés Desgrav Icomp Cuota m Envio Cuota r Fact ar

520.83 8.75 529.58 1326.02 10 1336.02 0.96

377.24 6.31 383.55 1326.02 10 1336.02 0.93
336.71 5.63 342.34 1326.02 10 1336.02 0.90
317.69 5.32 323.01 1326.02 10 1336.02 0.87
286.69 4.80 291.49 1326.02 10 1336.02 0.84
246.37 4.12 250.49 1326.02 10 1336.02 0.82
221.46 3.71 225.17 1326.02 10 1336.02 0.79
181.30 3.03 184.33 1326.02 10 1336.02 0.77
152.14 2.55 154.69 1326.02 10 1336.02 0.74
108.35 1.81 110.16 1326.02 10 1336.02 0.72
75.78 1.27 77.05 1326.02 10 1336.02 0.70
39.74 0.66 40.41 1326.02 10 1336.02 0.68

Suma fact 9.73