Semana X Semana

DEPOSITO 5000 DEPOSITO 5000
TNA 10% TEA 10% 0.008333333

PLAZO 7 MESES 0.58333333 PLAZO 7 MESES
VF? 5291.66667 VF? 5299.0604546558
TASA CHICA A GRANDE

CONVERSION DE TASAS NOMINALES TASA GRANDE A UNA CHICA
(Tiempo que busco/tiempo en la tasa) ------
TNT 3%
TNA 3%*(12/3) 12.00% TNM 3%*(1/3) 1%
TNS 3%*(6/3) 6.00% TNQ 3%*(4/3) 4%
TNC 3%*(4/3) 4.00% TN SEMANALPrimero cambiar a TNA
TNB 3%*(2/3) 2.00% TND 3%*(1/90) 0.033%
TN 73 DIAS 3%*(73/90) 2.43%

1 AÑO 52 SEMANAS
CONVERSION DE TASAS EFECTIVA FORMULA [(1+i)^n]-1 n= tiempo que busco / tiemp

TASA CHICA A GRANDE
TEC 5% TASA GRANDE A CHICA
TEA 15.763% TEM 1.23%
TES 7.593% TEQ 0.61%

TEA
TET 3.727% TE SEMANAL ((1+5%)^(12/4)-1) 15.763%
TEB 2.470% TED 0.04%
TE 217 DIAS 9.22%
TASA NOMINAL TRIMESTRAL 4% CON CAPITALIZACIÓN SEMESTRAL =

TNT 4% m=2
TNA 16% m=2
1 er metodo: Tasa Periódica #veces capitaliza al año
TNT 4% ------ TES 8.00% TES

((1+8%)^(12/6)-1)
16.64% TEA
2do metodo: Fórmula

capitaliza cada 17 días
TNT 6% CAPITALIZA DIARIAMENTE ----- TEM
TED TEM
0.0667% 2.0195%
CONTROL TNA 36%
TNA 36% M=3 TNA
TEQ TEA
9.00% 29.503%
TEB TEQ
6% 12.36%
TES TET
8% 3.923%
TNB M=2 TES

2% 6%
TNT M=6 TEB

6% 4.00000%
MULTIPLICAR
DIVIDIR
Siempre se multiplica
TNA TN SEMANAL
12% 0.2308%
n= tiempo que busco / tiempo que tengo tasa

TASA CHICA A GRANDE n MAYOR 1
TASA GRANDE A CHICA n MENOR 1
1 AÑOS = 52 SEMANAS
TE SEMANAL
((1+15.76%)^(1/52)-1) 0.2818%
TASA EFECTIVA SEMESTRAL
m= 1 ANUAL
#veces capitaliza al año 2 SEMESTRAL
3 CUATRIMESTRAL
4 TRIMESTRAL
6 BIMESTRAL
12 MENSUAL
24 QUINCENAL
52 SEMANAL
360 DIARIO
pitaliza cada 17 días m=360/17 21.1764706
m=3 TEC
------- TEC 12%

i: SIEMPRE TASA EFECTIVA
T1 TNS 4% m 12
TEM 0.66667%
T2 TNB 2% m 360
TED 0.03333%
TEM 1.00485%
METODO ARRASTRE DINERO
0 --> 3 1000(1+0.6667%)^3 1020.13 -200 820.13
3 --> 5 820.13 831.11
5 --> 6 831.11 839.46 800 1639.46
6--> 10 1639.46 1706.35
METODO FACTORES
0 --> 10 1000*(1+0.6667%)^5*(1+0.333%)^5 1086.77477
3 --> 10 -213.065178
6 --> 10 832.64307
TOTAL 1706.35
T1 TNA 7.5% m 3
TEC 2.50% TEB 1.24228%
T2 TNS 3% m 360
TED 0.01667% TEB 1.00493%
T3 TNC 2% m 12
TEM 0.500% TEB 1.00250%
T4 TNA 5.60% m 360

TED 0.01556% TEB 0.9376%
a. 0--> 5 3714.25848
5--> 7 9789.28517
7--> 9 7237.0252
9-->10 6809.57638
10-->11 9747.84238
SALDO 11---->12 9839.241
b. No alcanza 13500 = 9839.240999 * (1+ 0.937%)^n

33.89 = n (bimestres)
c. INTERESES PARA CUENTA DE AHORRO = SALDO FINAL - DEPÓSITOS + RETIROS
INTERESES = 769.240999
d.
x 13500
0 5 9 11 12
13500 = 11842.31
(1+a)^5*(1+b)^4*(1+c)^2*(1+d)^1
e.
cuando no te dan m, asumes que es 360
* S y C tienen que estar relacioanados directamente, no tiene que haber ni depositos ni retiros
13500 = 11842.31 (1+ TNA ) ^360*12/6

360
TEA PROMEDIO
S = C(1+TEA)^12/6 12
CONTROL PARTICIPACIÓN
0 1000
5 MESES TET 4.25% TEM 1.397%
7 MESES TEB 2.34% TEM 1.163%
0-->5 1071.83213
5--z7 1096.913 SALDO
CONTROL VIRTUAL 0-->6 212304.03
0-->6 TET 3.000% 6-->12 182444.72

TEM 1.000%
12---24 305141.341
6-->24 TEM 1.200%
24-->30 258299.505
24-->36 TEA 11.351% 30-->36 286007.741

TEM 0.9459%
EMPRE TASA EFECTIVA
TASA PASIVA Interes te paga el banco Ahorro

TASA ACTIVA Prestamos, créditos
SALDO
1+ 0.937%)^n
tos ni retiros
0.12
TEA PROMEDIO
100*(1+0.12/12)^(12*6/12)*demás meses con sus tasas
RETIRO 42460.806 169843.224
82000 264444.72
RETIRO 61028.2683 244113.073
12000 270299.505
RETIRO 57201.5482 228806.193

227500.46
a. T1 TNA 3.60% m 12
TEM 0.30000% TEM 0.30000%
T2 TEM 0.25% TEM 0.25%
T3 TEA 4.50%
TEM 0.3675%
T4 TEM 0.35%
TEM 0.35%
0 --> 7
7-->9
9-->11
11-->15
15-->18
a. TEA 6%
TEA 4.50%
TEA 7%
0-->9 (3X)(1+6%)^(12/12)*(1+4.5%)^(15/12) = 3.35487X
4-->9 (-5000)*(1+4.5%)^(15/12) = -5282.81
6-->9 (3X)(1+4.5%)^(9/12) = 3.10069X
8-->9 (5000)*(1+4.5%)^(3/12) = 5055.32

50000 = 3.35487X-5282.81+3.10064X+5055.32
X = 9339.46
depositos: 3X = 28018.37
B. interes = 50000-28018.37-28018.37+10000
interes = 3963.26
c.
0-->7 3x*(1+C22)^(12/12)*(1+C24)^(9/12) = 3.2867x
4-->7 -5167.81814
6-->7 3z*(1+4.5%)^(1/4) = 3.03319x
50000 = 3.2867x-5167.82+3.03319x
x = 8729.19
Depósitos: 3x = 26187.56
d.
(50000)/(1+4.5%)^(5/4)*(1+6%)^(4/4) = 44,644.58
e. Para la tea promedio siempre tiene que ser directo, el saldo con el depósito
50000 = (44644.58)*(1+TEA)^(9/4)
5.1640% = TEA prom
TNC 5% m 24
TNA 15.76%
t1 ((1+14%/2)^2-1= 14.49%
t2 ((1+15%/24)^24)-1= 16.13%
500000 = x + x + x
(1+a)^1 (1+a)^2 (1+b)(1+a)^2
218024.23 = x
b. INTERES= PAGOS-PRESTAMO
Interes = 154072.69
c. 500000 = x
(1+b)^(
SITUACION INICIAL TEB 3.02% SIT RECOME
150000 150000 150000

0 1 2 3 AÑOS 0
150000 + 150000 + 150000 = 318153.16 Factor

(1+3.022%)^(12/2) (1+3.022%)^(24/2) (1+3.022%)^(36/2)
318153.16 =
x =
1.3x =
1.69x =
CONTROL
TEA 25%
TEM 1.877%
factor (1+20%)x 1.2x
1.44x
x 1.2X 1.44X = 2500

1.03789082 1.05737126 1.11803399
X = 738.256
1.3225
TEB 4.04% TEM 2.50%
x 1.3x 1.69x
2 3 4 6 años
(1+30%) = 1.3x
x 1.3x 1.69x
(1+4.04%)^(24/2) (1+4.04)^(36/2) * (1+2.5%)^(12/12) (1+2.5%)^(36/1) * (1+4.04%)^(36/2)
221529.82
287988.766
374385.396
DESCUENTO BANCARIO / FACTORING / DESCUENETO DE LETRAS / DESCUENTO DE FACTURAS
Empresa seguridad Ventas Contado

Crédito Facturas
Derecho de
Letras
cobro
Pagarés
40500 25% X= 121,500.00

x 75%
A. Anualidades simples, Cuotas constantes, Rentas uniformes

121,500.00 = X +X +X
1.09 1.1881 1.295029 Tasa tiene que estar en el
47999.15 = X mismo periodo de la
renta
Tasa tiene que estar en el
mismo periodo de la
renta
121,500.00 = X 1-(1+9%)^-3 Renta (Cuota)

9%
47999.15 = X n # cuotas
Los pagos tienen que ser iguales
Los pagos en el mismo periodo
1 sola tasa de interés
B.
X = (47999.15)* 1+(1+7%)^-3
7%
X = 125,964.94
C.
40500+15964.94 = 166,464.95 soles a dolares --> se divide tc venta
dolares a soles --> se multiplica tc compra
D.
Obligación = 53,000.00 dolares Obligación 166,464.95 / 3.175
tc compra = 3.125 Obligación 52,429.91 soles
tc venta = 3.175
El cambista está vendiendo dolares -114,035.04 no le alcanza
E.
Op. Dscto - Préstamo = Utilidad/Perdida INTERES = PAGOS
125,964.94 - 121,500.00 = 4,464.94 utilidad
F.
47999.15*3-125964.95 = 18,032.50
TEA 13.25% = TEM 1.0423%
S1= 25000* (1+1.0423%)^(6)-1 S2= 13000* (1+1.0423%)^(6)-1

1.0423% 1.0423%
S1= 153,963.37 al mes 6
S1= 174,363.52 al mes 18 S2= 80060.9529 al mes 18
Por lo tanto el Sr. Suarez tendrá 254,424.47

en que ser iguales ES
ON
l mismo periodo
CI
DI
N
CO
- PRESTAMO
MGM TEC 6% EMI TESEMANAL 0.35%
TEA 19.102% TEA 19.92%
1 Conviene la tasa menor (MGM)

2
C 4,175.00 4,675.00 5,175.00 5,675.00 TEA 19.102%
0 1 2 3 4 meses TEM 1.467%
C = 4,175.00 4,675.00 5,175.00 5,675.00

1.01467385 1.03 1.04 1.06
C = 18,962.87
3
Remate CD 52900 = 18,892.86 dolares
2.8
4
Cta ahorros: 4,175.00
4,675.00 5,175.00 5,675.00

0 1 2 3 meses
4,675.00 5,175.00 5,675.00 = 15,066.13

1.01467385 1.02956301 1.04467066
¨: 15,066.13 + 4,175.00 = 19,241.13
Deuda hoy 18,900.00 dolares

a 30 días 20,394.50 dolares
TEM = 1%
TES= 6.15%
1 63,000.00 = R 1-(1+1%)^-120 + 2R 1-(1+6.15%)^-20 + 9000
1.00% 6.15% (1+1%)^120
652.59 = R
Si la gradiente disminuye, cambia el signo en la G

TEM 1.000%
TET 3.030% TES 6.152%
ambia el signo en la G
TEA 6% CUOTA 752.569772
TEM 0.4868%
VNA S/26,250.00 VNA del ejemplo
26,250.00 como me dan el valor del prestamo, lo reemplazo en el VNA
PERIODO PAGO MES PAGO TRIME PAGO SEMESTOTAL CUOTA
1 752.569772 0 0 752.569772
2 752.569772 0 0 752.569772
3 752.569772 752.5697716 0 1505.13954
4 752.569772 0 0 752.569772
5 752.569772 0 0 752.569772
6 752.569772 752.6197716 0 1505.18954
7 752.569772 0 0 752.569772
8 752.569772 0 0 752.569772
9 752.569772 752.6697716 0 1505.23954
10 752.569772 0 0 752.569772
11 752.569772 0 0 752.569772
12 752.569772 752.7197716 1505.13954 3010.42909
13 752.569772 0 0 752.569772
14 752.569772 0 0 752.569772
15 752.569772 752.7697716 0 1505.33954
16 752.569772 0 0 752.569772
17 752.569772 0 0 752.569772
18 752.569772 752.8197716 1305.13954 2810.52909
19 752.569772 0 0 752.569772
20 752.569772 0 0 752.569772
21 752.569772 752.8697716 0 1505.43954
22 752.569772 0 0 752.569772
23 752.569772 0 0 752.569772
24 752.569772 752.9197716 1105.13954 2610.62909
TEA 26.82%
TEM 2.00% VNA S/445,296.86 Valor del prestamo
S/445,296.86
PERIODO PAGOS
1 12,000.00
2 12,750.00
3 13,500.00
4 14,250.00
5 15,000.00
6 15,750.00
7 16,500.00
8 17,250.00
9 18,000.00
10 18,750.00
11 19,500.00
12 20,250.00
13 21,000.00
14 21,750.00
15 22,500.00
16 23,250.00
17 24,000.00
18 24,750.00
19 0.00
20 14,000.00
21 0.00
22 14,000.00
23 0.00
24 14,000.00
25 0.00
26 14,000.00
27 0.00
28 14,000.00
29 0.00
30 14,000.00
31 0.00
32 14,000.00
33 0.00
34 14,000.00
35 0.00
36 14,000.00
37 15,000.00 DECRECE 3% =1-0.03
38 14,550.00 0.97
39 14,113.50
40 13,690.10
41 13,279.39
42 12,881.01
43 12,494.58
44 12,119.74
45 11,756.15
46 11,403.47
47 11,061.36
48 10,729.52
49 10,407.64
50 10,095.41
51 9,792.54
52 9,498.77
53 9,213.80
54 8,937.39
55 8,669.27
56 8,409.19
57 8,156.92
58 7,912.21
59 7,674.84
60 7,444.60
Deposito 15,000.00 TES 3% 18 meses
Saldo 18,000.00 TEM 0.494%
TEM ? 25 meses
16390.905 * (1+TEM)^7 = 18,000.00

TEM = 1.35%
TEA = 17.414%
AHORRADO 60,000.00 soles
BANCO PTS soles TEC 2.00% primer semetres TET 1.50%

TES 3.01% TES 3.02%
BANCO FET dolares TEM 0.80% primer semetres TEA 6%

TES 4.90% TES 2.96%
HOY 1 SEMESTR
Semestres BANCO PTS soles Conversion S a D BANCO FET dolares Conversión D a S
1 61,808.97 16,042.78 16,828.40 69,837.86
2 71,948.71 16,828.40 17,325.90 73,461.81
El primer semestre conviene el Banco FET
El segundo semestre conviene el Banco FET también

TEA 13.56%
TEM 1.065% VNA S/6,200.5623
PERIODO PAGO MES

1 850.00
2 875.00
3 900.00
4 925.00
5 950.00
6 975.00
7 1,000.00
hoy 3.73/3.74
tc 1 semes 4.15/4.22
2 semes 4.24/4.30
soles a dolares --> se divide tc venta
segundo semes
segundo semes
2019 2
PREGUNTA 1
CUOTA 50,000.00
MES PAGO TEM 1%
1 0.00
2 0.00
3 50,000.00 VNA S/141,348.76 A
4 0.00
5 0.00
6 50,000.00
7 0.00
8 0.00
9 50,000.00
B. S/144,189.87
D. S/2,841.11
RECIBIO 300,000.00
DOLARES
BANCO NORTE TEC 1.50% primer cuatrimestres
TEC 2% segundo cuatrimestre
0
DOLARES SOLES dol a soles
0a4 304,500.00 0A4 1,005,000.00 :
4a8 310,590.00 4A8 1,035,300.00 :
total 615,090.00
TEA PROMEDIO DOLARES

DOLARES SOLES 331,997.74
C 300,000.00 1,005,000.00 0.16478180912
S 331,997.74 1,062,392.77
TEA PROMEDIO SOLES
1,062,392.77
0.08687241668
TC FIJO : Se decide por las tasas
SOLES DOLARES
TEA1 7.42% TEA1 4.57%
TEA 2 8.06% TEA 2 6.12%
Conviene soles
PAGO CUOTAS VENCIDAS TEA 40% TEM
90,000.00 90,000.00 ?
15 21 24 MES
SALDO 24 213,732.82
MODIFICACION
CUOTA
MES PAGO TEM 1% 9 meses
0 TEM 1.30% resto
1 0.00
2 0.00
3 0.00
4 0.00
5 0.00 C.
6x 144,189.87 =
8 0.00
8 0.00
9 0.00 49,814.64 =
10 0.00
11 0.00
12 1.10 X
13 0.00
14 0.00 E. 164,886.46
15 0.00
16 0.00
17 0.00
18 1.21 X

SOLES
TEB 1.20% TEC
TEB 1.30% TEC
futuro soles soles a dolares

1,029,264.72 : 298,337.60 dolares
1,062,392.77 : 331,997.74 dolares
total 630,335.34
= 300,000.00 * (1+ TEA)^(8/12)

= TEA
= 1,005,000.00 * (1+TEA)^(8/12)
= TEA
0 150,000.00
2 180,000.00
3 CAMBIO TASA
4 210,000.00
6 240,000.00
9 900,000.00
MES
SALDO 2 150,740.79 +
SALDO 3 331,556.49 +
SALDO 4 332,641.92 +
SALDO 6 546,200.67 +
SALDO 9 793,947.43 +
SALDO 6 786,200.67
SALDO 7 788,774.49
dolares soles
788,774.49 :
0 57,727.81
1 0.00
2 50,000.00
3 0.00
4 50,000.00
5 0.00
6 50,000.00
7 0.00
8 50,000.00
TEM 1.50%
500,000.00 = 90,000.00 +
1.143389975394
348,967.87 = X
DEUDA MES 12 = 90,000.00 +

1.045678375
DEUDA MES 12 = 503,698.03
REPROGRAMACIÓN TEA 26.82%
503,698.03 X
12 18
503,698.03 = X
1.126162510475
177,209.19 = X
2.844%
CRECE 10% 1.10
X + 1.10 + 1.21
1.061520150601 1.1368958996 1.22850625566
- 144,189.87 = 20,696.59
2.4%
2.6%
gradiente 30,000.00
TEA 3% 3 MESES TEA 4%

TEM 0.247% TEM 0.33%
180,000.00 = 330,740.79 No acumula 9000 900,000.00

0.00 = 331,556.49
210,000.00 = 542,641.92 INTERES =
240,000.00 = 786,200.67 INTERES =
0.00 = 793,947.43
falta 11,225.51
BANCO PIONER
cuota 50,000.00 FINANCIAMIENTO
TEB 2.01% TEM 2%
TEM 1.00%
S/181,323.80
S/190,340.24
UTLIDAD = S/9,016.44
disp efectivo = S/248,068.05 deuda

dolares S/82,689.35 72,500.00
S/10,189.35 si le alcanza
90,000.00 + 90,000.00 + 90,000.00 +
1.25023206665437 1.3670578316 1.49480017744
90,000.00 + 90,000.00 348,967.87

1.14338997539424 1.2502320667 1.30734063583
TEM 2.00%
1.2X 1.44X
24 30 mes
1.2X 1.44X
1.268242 1.4282465946
RESTO
793,947.43 - 780,000.00
13,947.43
X
1.56308022
MODIFICACION CUOTA 49,814.64
TEM 1%
TEM 1.30%
MES PAGO
1 0.00
2 0.00
3 0.00
4 0.00 S/46,927.64
5 0.00
6 49,814.64
8 0.00
8 0.00
9 0.00
10 0.00
11 0.00
12 54,796.10
13 0.00
14 0.00
15 0.00
16 0.00
17 0.00
18 60,275.71
CRECE 10% 1.10
9 meses
resto
S/106,374.26
S/97,262.23 S/144,189.87
144,189.87
* Cuando te pidan TEA promedio, debe de ser 1 C y 1S sin interrup
CUOTA * si no te dan, tu los creas
MES PAGO TNC 4% cap men 5 meses
1 100 TEM 1.00%
2 TNB 1% cap mes resto
3 TEM 0.50%
4
5
6 S = 100 * (1+0.5%)^9 * (1+1%)^5
7 S = 109.93
8
9
10 ENTONCES
11 109.93 = 100 * (1+TEM)^14
12 0.68% = TEM promedio TEA promedio =
13
14 S 109.93
n
109.93 = 100 * (1+TEM)^(14/12)
8.45% = TEM promedio
DEPOSITO 15,000.00 SALDO 18,000.00

MES PAGO
0 15,000.00
1 CUOTA
2
3 TES 3% 18 meses
4 TEM 0.494% 18 mese
5
6 TEM ? 7 mese
7
8 A
9 16,390.91 *(1+TEM)^7 = 18,000.00
10 TEM = 1.35%
11
12 TEA = 17.414%
13
14
15
16
17
18 A
19
20
21
22
23
24
25 18,000.00
TET 5% TEB 3%
TEM 1.640% TEM 1.489%
DEPOSITO 40,000.00 49,417.44 * (1+1.489%)^n = 60,000.00

SALDO 60,000.00 n = 13.13
MES PAGO CAPITAL 80,000.00

1 0.00
2 0.00 CUOTA 2,335.12
3 0.00
4 4,670.24 TEC 6%
5 4,670.24 TEM 1.4674%
6 4,670.24
7 4,670.24
8 4,670.24 S/80,000.00
9 4,670.24
10 4,670.24
11 4,670.24
12 4,670.24
13 4,670.24
14 4,670.24
15 4,670.24
16 4,670.24
17 4,670.24
18 4,670.24
19 4,670.24
20 4,670.24
21 0.00
22 0.00
23 0.00
24 18,680.96
dio, debe de ser 1 C y 1S sin interrupciones
8.45%
= 14 meses ejercicio
12 tea 1 año
Alquiles 9,000.00 dolares Decuento 4%
Frec trimestral
Plazo 1 año
Tasa de imp 5%
ALQUILER DEPOSITO 8,550.00
TEM 0.33%
TEA 4% TEA
8,550.00 8,550.00 8,550.00
0 3 6
S3 8,634.25 8,550.00 17,184.25

S6 17,353.57 8,550.00 25,903.57
S9 26,221.46 8,550.00 34,771.46
S12 35,198.19 35,198.19
Conviene la alternativa del alquiler y depositarlo en una cuenta de ahorros
VF 35,198.19 (9000*4)*(1-x)*(1-5%)
Depósito 33,205.84
Prestamo 250,000.00
Plazp 30 meses
CUOTA 1X
MES PAGO crece 15% = 1.15
1
2 TEM 1.30% 2 años 24 meses
3 TEM 1.50% resto
4
5
6
7
8
9
10
11
12 1X
13 250,000.00 = X
14 1.16765177626913
15
16
17 66,524.43 = X
18 1.15 X
19
20
21 MODIFICACIÓN
22
23
24 1.3225 X MES
25 1
26 2
27 3
28 4
29 5
30 1.520875 X 6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
TOTAL
D.
PRIMERA OPCIÓN
T1 T2
TEM 1.30% TEM 1.50%
TEA 16.77% TEA 19.56%
18.163%
Conviene la primera alternativa
MES PAGO
0 687,000.00 TEA 4% 12 meses
6 687,000.00 tea 4.50%
12 687,000.00
18 687,000.00
24 0.00
30 0.00 SALDO 6 700,605.28 687,000.00
36 SALDO SALDO 12 1,415,085.28 687,000.00
2,748,000.00 SALDO 18 2,148,861.76 687,000.00
SALDO36 3,029,420.02
INTERES 281,420.02
SALDO
18 2,835,861.76 POR LO TANTO 36,524.47
30 2,963,475.53
MES dolares soles hoy soles MES 36
30 2,963,475.53 10,431,433.88 10,612,414.02
3,103,045.03 - 3,029,420.02 = 73,625.01 dolares
Suma 15,000.00 plazo 20 meses

IGV 2,700.00 pago incial 4,000.00
Total 17,700.00 dolares
BANCO NACIONAL
MES PAGO TEC 2%
4 17,700.00
8 17,700.00
12 17,700.00 VNA
16 17,700.00 Abono hoy: 83,428.23 DOLARES
20 17,700.00
Disponibilidad de efectivo = pago incial + abono
= 4,000.00 + 83,428.23
= 87,428.23 dolares
Alquiler
Cuota
total
Descuento
ABONO
Impuesto
DEPOSITO
PLAZO FIJO
TEM 0.41%
TEA 5%
8,550.00 S 32,832.00
33,205.84
9 12 MES 0
= 33,205.84
x = 2.91%
66,524.42
MES PAGO
1 0.00 crece 15%
2 0.00
3 0.00
4 0.00 TEM 1.30%
5 0.00 TEM 1.50%
6 0.00
7 0.00
8 0.00
9 0.00 S/182,134.09
10 0.00
11 0.00
12 66,524.42 X
13 0.00
14 0.00
15 0.00
16 0.00
17 0.00
18 76,503.08 X
19 0.00
20 0.00
21 0.00
22 0.00
23 0.00
24 87,978.55 X
25 0.00
26 0.00
27 0.00
28 0.00
29 0.00
30 101,175.33 X
total 332181.3817
+ 1.15 X + 1.3225 X
1.26174042153643 1.3634106706245
CUOTA 77,167.17
PAGO TNB 3% cap seme TES

0.00 TEM 1.45%
0.00
0.00
0.00
0.00
77,167.17 S/250,000.00
0.00
0.00
0.00
0.00
0.00 INTERES = 332,181.38 -
77,167.17 inicial = 82,181.38
0.00
0.00
0.00
0.00
0.00 INTERES = 308,668.66 -
77,167.17 final = 58,668.66
0.00
0.00
0.00
0.00
0.00 se ahorra = 23,512.72
77,167.17
308,668.66
SEGUNDA OPCIÓN
T3
TEM 1.45%
TEA 18.81%
TEA 4.50%
TES 1.98%
TES 2.23%
TEM 0.37%
= 1,387,605.28
= 2,102,085.28
= 2,835,861.76
3,029,420.02 acumula

TEA 3.50% TEM 0.29%

dolares mes 36
3,103,045.03
requiere capital 245,000.00 soles

dolares
OFICORP
TEA 0%
UTILIDAD = ABONO - FINANCIAMIENTO
Utilidad = -5,071.77
Perdida financiera
9,000.00
4
36,000.00
4%
34,560.00
1,728.00
32,832.00
TEA
3 6 9
= 34,801.92
X
= 1.15
2 años 24 meses
resto
S/92,529.11
+ S/67,865.91 = S/250,000.00
+ 1.520875 X
1.49081221378
9%
250,000.00
250,000.00
6%
S
12
EVALUACIÓN DE PROYECTOS - EVALUACIÓN DE INVERSIONES
GTE MARKETING CAMPAÑA PUBLICIDAD
INVERSION 125,000.00
INGRESOS 250,000.00 3 AÑOS
GASTOS 50,000.00 3 AÑOS
UTILIDAD 200,000.00 OPERATIVA

UTILIIDAD 75,000.00 INVERSIÓN
ANALISIS
ECONÓMIC RENTAIBILIDAD 60.00% 3 AÑOS
O 16.96% 1 AÑO
ANALISIS RENTABILIDAD ACTUAL QUE GENERA LA EMPRESA ES DE 23%

FINANCIERO RENTABILIDAD QUE QUIERE EL ACCIONISTA ES DEL 25%
1ER VAN - VPN - VNA - NPV FLUJOS DE INGRESOS DINERO

VALOR ACTUAL NETO CAJA: EGRESOS DINERO
DINERO HOY
1 FC LIBRE O ECONÓMICO INGRESOS - GASTOS OPERATIVOS

2 FC ACCIONISTA O FC FINANCIERO FC LIBRE + FC DEDUDA
VAN= -INV + SUMATORIA DEL VALOR PRESENTE DE LOS FLUJOS DE CAJA

VAN > 0 : POSITIVO SE ACEPTA
VAN < 0 : NEGATIVO SE RECHAZA
VAN = 0 : INDIFERENTE
SE ACEPTA EL QUE TIENE MAYOR VAN
2DO TIR - TASA INTERNA DE RETORNO
0= -INV + FC1/(1+TIR) + FC2/(1+TIR)^2 + FCN/(1+TIR)n

TIR > WACC O COK : SE ACEPTA
TIR < WACC O COK : SE RECHAZA
TIR = WACC O COK : INDIFERENTE
3ER I B/C - INDICE BENEFICIO COSTO VALOR ACTUAL DE LOS INGRESOS / VALO
I B/C= (VAN + INV)/INV
I B/C > 1 : SE ACEPTA

I B/C > 1 : SE RECHAZA
I B/C = 1 : INDIFERENTE
4TO PRS - PERIODO DE RECUPERACIÓN SIMPLE

PRD - PERIODO DE RECUPERACIÓN DESCONTADO
EN CUANTO TIEMPO RECUPERAMOS LA INVERSIÓN
5TO VAE - VALOR ANUAL EQUIVALENTE "FORMULA PAGO"
ANUALIDAD SIMPLE
VIDA VAN VAE

PROY A 12 AÑOS 12,000.00 VAN A 1 AÑO
PROY B 8 AÑOS 10,800.00 VAN A 1 AÑO
WACC 15%
INVERSIÓN 2,700,000.00
PERIODO INVERSIÓN INGRESOS GASTOS LIQUIDACIÓN FLUJO CAJA

0 -2,700,000.00 -2,700,000.00
1 1,250,000.00 -850,000.00 400,000.00
2 1,350,000.00 -800,000.00 550,000.00
3 1,450,000.00 -750,000.00 700,000.00
4 1,550,000.00 -700,000.00 850,000.00
5 1,650,000.00 -650,000.00 500,000.00 1,500,000.00
VAN -244,278.17
I B/C 0.91
TIR 11.82%
PRD NO RECUPERAMOS INVERSIÓN (VAN NEGATIVO)
COK 25%
PERIODO INVERSIÓN INGRESOS GASTOS LIQUIDACIÓN FLUJO CAJA

0 -250,000.00 -250,000.00
1 120,000.00 -40,000.00 80,000.00
2 120,000.00 -43,200.00 76,800.00
3 120,000.00 -46,656.00 73,344.00
4 120,000.00 -50,388.48 69,611.52
5 120,000.00 -54,419.56 65,580.44
6 120,000.00 -58,773.12 61,226.88
7 120,000.00 -63,474.97 56,525.03
8 120,000.00 -68,552.97 51,447.03
9 120,000.00 -74,037.21 45,962.79
10 120,000.00 -79,960.19 35,000.00 75,039.81
VAN CON LIQUIDACIÓN 1,468.56
VAN SIN LIQUIDACIÓN -2,289.54

I B/C 1.0058742437
TIR 25.21%
PRD AÑO 10
TEIJDO PLANO
COK 15%
PERIODO INVERSIÓN LIQUIDACIÓN FLUJO CAJA FLUJO CAJA TOT

0 -1,600,000.00 -1,600,000.00
1 350,000.00 350,000.00
2 364,000.00 364,000.00
3 378,560.00 378,560.00
4 393,702.40 393,702.40
5 409,450.50 409,450.50
6 425,828.52 425,828.52
7 442,861.66 442,861.66
8 442,861.66 442,861.66
9 442,861.66 442,861.66
10 442,861.66 442,861.66
11 442,861.66 442,861.66
12 400,000.00 442,861.66 842,861.66
VAN 640,605.66
VAE S/ 118,179.43
PROYECTO Z
COK 15%
INVERSIÓN 50,000.00
PERIODO INVERSIÓN FLUJO CAJA PRD

0 -50,000.00 -50,000.00
1 0.00 0 -50,000.00
2 0.00 0 -50,000.00
3 15,000.00 9862.74348648 -40,137.26
4 15,000.00 8576.2986839 -31,560.96
5 15,000.00 7457.65102947 -24,103.31
6 15,000.00 6484.91393867 -17,618.39
7 15,000.00 5639.05559885 -11,979.34
8 15,000.00 4903.52660769 -7,075.81
9 15,000.00 4263.9361806 -2,811.87
10 15,000.00 3707.77059183 895.90
11 20,000.00 4298.86445429 5,194.76
12 20,600.00 3850.28729385 9,045.05
13 21,218.00 3448.51818492 12,493.57
14 21,854.54 3088.6728091 15,582.24
15 22,510.18 2766.37651598 18,348.62
VAN 18,348.62
VAE S/ 3,137.93
SE ESCOGE PROYECTO Z
PRD AÑO 10
WACC 10% WACC
AÑO FLUJOS PRD AÑO
0 -2,400,000.00 0
1 300,000.00 272,727.27 -2,127,272.73 1
2 315,000.00 260,330.58 -1,866,942.15 2
3 330,750.00 248,497.37 -1,618,444.78 3
4 347,287.50 237,202.04 -1,381,242.74 4
5 364,651.88 226,420.12 -1,154,822.62 5
6 382,884.47 216,128.30 -938,694.32 6
7 402,028.69 206,304.29 -732,390.03 7
8 422,130.13 196,926.82 -535,463.21 8
9 443,236.63 187,975.60 -347,487.61 9
10 965,398.46 372,202.90 24,715.29 10
11
VAN 24,715.29 12
I B/C 1.0102980373 13
PRD AÑO 10
VAE S/ 4,022.30
VAN
VENTAS, AHORRO COSTO, PRODUCTIVIDAD

INVERSIÓN, GASTOS RECURRENTES
RESOS - GASTOS OPERATIVOS WACC

BRE + FC DEDUDA COK
GENERA VALOR
DESTRUYE VALOR
OR ACTUAL DE LOS INGRESOS / VALOR ACTUAL DE LOS EGRESOS

VAN NEGATIVO, NO HAY PRD
RMULA PAGO"
PRD
347,826.09 -2,352,173.91
415,879.02 -1,936,294.90
460,261.36 -1,476,033.53
485,990.26 -990,043.27
745,765.10 -244,278.17
PRD
64,000.00 -186,000.00
49,152.00 -136,848.00
37,552.13 -99,295.87
28,512.88 -70,782.99
21,489.40 -49,293.59
16,050.26 -33,243.34
11,854.16 -21,389.18
8,631.38 -12,757.80
6,169.02 -6,588.78
8,057.34 1,468.56
TEJIDO PUNTO
COK 15%

0 -1,500,000.00 -1,500,000.00
1 450,000.00 450,000.00
2 463,500.00 463,500.00
3 477,405.00 477,405.00
4 491,727.15 491,727.15
5 506,478.96 506,478.96
6 521,673.33 521,673.33
7 537,323.53 537,323.53
8 553,443.24 553,443.24
9 570,046.54 570,046.54
10 500,000.00 587,147.93 1,087,147.93
VAN 1,127,858.95
VAE S/ 224,728.22
PROYECTO W
COK 15%
INVERSIÓN 70,000.00
PERIODO INVERSIÓN FLUJO CAJA PRD

0 -70,000.00 -70,000.00
1 10,000.00 8,695.65 -61,304.35
2 10,600.00 8,015.12 -53,289.22
3 11,236.00 7,387.85 -45,901.37
4 11,910.16 6,809.67 -39,091.70
5 12,624.77 6,276.74 -32,814.96
6 13,382.26 5,785.52 -27,029.44
7 14,185.19 5,332.74 -21,696.70
8 15,000.00 4,903.53 -16,793.17
9 15,500.00 4,406.07 -12,387.11
10 16,000.00 3,954.96 -8,432.15
11 16,500.00 3,546.56 -4,885.59
12 17,000.00 3,177.42 -1,708.17
13 17,500.00 2,844.24 1,136.07
14 18,000.00 2,543.92 3,679.99
VAN 3,679.99
VAE S/ 642.85
PRD AÑO 13
PROYECTO PERPETUO
10%
FLUJOS FLUJOS
-2,400,000.00 -2,400,000.00
300,000.00 300,000.00
315,000.00 315,000.00
330,750.00 330,750.00
347,287.50 347,287.50
364,651.88 364,651.88
382,884.47 382,884.47
402,028.69 402,028.69
422,130.13 422,130.13
443,236.63 443,236.63
465,398.46 2,608,255.61
150,000.00 PERPETUIDAD 2,142,857.14
154,500.00 CON GRAD.
159,135.00 GEOMETRICA
VNA 658,107.84 PERPETUO
VAE 65,810.78
ANALISIS DE REEMPLAZO - PROYECTO
PROY A
FLUJOS DE COSTOS VAN INGRESOS POSITIVOS -2,000.00
EGRESOS NEGATIVOS
VALOR ACTUAL VAC INGRESOS NEGATIVOS 2,000.00

DE LOS COSTOS EGRESOS POSITIVOS
SE ESCOGE EL MENOR CAE
TEA 20%
TES 9.54%
TEM 1.53%
NUEVA MAQ VAC 508,787.74

INVERSIÓN 150,000.00 CAE 121,357.45
SUELDOS 439,254.76 MANTEN 273,848.27 INGRESOS

1 50,000.00 1 5,000.00 1
2 50,000.00 2 5,000.00 2
3 50,000.00 3 5,000.00 3
4 50,000.00 4 5,000.00 4
5 50,000.00 5 5,000.00 5
6 50,000.00 6 5,000.00 6
7 50,000.00 7 5,000.00 7
8 50,000.00 8 5,000.00 8
9 50,000.00 9 5,000.00 9
10 50,000.00 10 5,000.00 10
11 50,000.00 11 5,000.00 11
12 50,000.00 12 5,000.00 12
13 50,000.00 13 5,000.00 13
14 50,000.00 14 5,000.00 14
15 50,000.00 15 5,000.00 15
16 50,000.00 16 5,000.00 16
17 50,000.00 17 5,000.00 17
18 50,000.00 18 5,000.00 18
19 50,000.00 19 5,000.00 19
20 50,000.00 20 5,000.00 20
21 5,000.00 21
22 5,000.00 22
23 5,000.00 23
24 5,000.00 24
25 5,000.00 25
26 5,000.00 26
27 5,000.00 27
28 5,000.00 28
29 5,000.00 29
30 5,000.00 30
31 5,000.00 31
32 5,000.00 32
33 5,000.00 33
34 5,000.00 34
35 5,000.00 35
36 5,000.00 36
37 5,000.00 37
38 5,000.00 38
39 5,000.00 39
40 5,000.00 40
41 5,000.00 41
42 5,000.00 42
43 5,000.00 43
44 5,000.00 44
45 5,000.00 45
46 5,000.00 46
47 5,000.00 47
48 5,000.00 48
49 5,000.00 49
50 5,000.00 50
51 5,000.00 51
52 5,000.00 52
53 5,000.00 53
54 5,000.00 54
55 5,000.00 55
56 5,000.00 56
57 5,000.00 57
58 5,000.00 58
59 5,000.00 59
60 5,000.00 60
61 5,000.00 61
62 5,000.00 62
63 5,000.00 63
64 5,000.00 64
65 5,000.00 65
66 5,000.00 66
67 5,000.00 67
68 5,000.00 68
69 5,000.00 69
70 5,000.00 70
71 5,000.00 71
72 5,000.00 72
73 5,000.00 73
74 5,000.00 74
75 5,000.00 75
76 5,000.00 76
77 5,000.00 77
78 5,000.00 78
79 5,000.00 79
80 5,000.00 80
81 5,000.00 81
82 5,000.00 82
83 5,000.00 83
84 5,000.00 84
85 5,000.00 85
86 5,000.00 86
87 5,000.00 87
88 5,000.00 88
89 5,000.00 89
90 5,000.00 90
91 5,000.00 91
92 5,000.00 92
93 5,000.00 93
94 5,000.00 94
95 5,000.00 95
96 5,000.00 96
97 5,000.00 97
98 5,000.00 98
99 5,000.00 99
100 5,000.00 100
101 5,000.00 101
102 5,000.00 102
103 5,000.00 103
104 5,000.00 104
105 5,000.00 105
106 5,000.00 106
107 5,000.00 107
108 5,000.00 108
109 5,000.00 109
110 5,000.00 110
111 5,000.00 111
112 5,000.00 112
113 5,000.00 113
114 5,000.00 114
115 5,000.00 115
116 5,000.00 116
117 5,000.00 117
118 5,000.00 118
119 5,000.00 119
120 5,000.00 120
TEA 26.8242%
TEM 2.000% VAC 845,939.67
PROVEEDOR A CAE 298,699.59
PERIODO INVERSIÓN MANTENI CONSUMO REPARACIÓN RESCATE FLUJO TOTAL

0 430,000.00 430,000.00
1 0.00 1,300.00 0.00 1,300.00
2 0.00 1,300.00 0.00 1,300.00
3 25,000.00 1,300.00 0.00 26,300.00
4 0.00 1,300.00 0.00 1,300.00
5 0.00 1,300.00 0.00 1,300.00
6 25,500.00 1,300.00 2,500.00 29,300.00
7 0.00 1,300.00 0.00 1,300.00
8 0.00 1,300.00 0.00 1,300.00
9 26,010.00 1,300.00 0.00 27,310.00
10 0.00 1,300.00 0.00 1,300.00
11 0.00 1,300.00 0.00 1,300.00
12 26,530.20 1,300.00 2,500.00 30,330.20
13 0.00 1,300.00 0.00 1,300.00
14 0.00 1,300.00 0.00 1,300.00
15 27,060.80 1,300.00 0.00 28,360.80
16 0.00 1,300.00 0.00 1,300.00
17 0.00 1,300.00 0.00 1,300.00
18 27,602.02 1,300.00 2,500.00 31,402.02
19 0.00 1,300.00 0.00 1,300.00
20 0.00 1,300.00 0.00 1,300.00
21 28,154.06 1,300.00 0.00 29,454.06
22 0.00 1,300.00 0.00 1,300.00
23 0.00 1,300.00 0.00 1,300.00
24 28,717.14 1,300.00 2,500.00 32,517.14
25 0.00 1,300.00 0.00 1,300.00
26 0.00 1,300.00 0.00 1,300.00
27 29,291.48 1,300.00 0.00 30,591.48
28 0.00 1,300.00 0.00 1,300.00
29 0.00 1,300.00 0.00 1,300.00
30 29,877.31 1,300.00 2,500.00 33,677.31
31 0.00 1,300.00 0.00 1,300.00
32 0.00 1,300.00 0.00 1,300.00
33 30,474.86 1,300.00 0.00 31,774.86
34 0.00 1,300.00 0.00 1,300.00
35 0.00 1,300.00 0.00 1,300.00
36 31,084.36 1,300.00 2,500.00 34,884.36
37 0.00 1,300.00 0.00 1,300.00
38 0.00 1,300.00 0.00 1,300.00
39 31,706.04 1,300.00 0.00 33,006.04
40 0.00 1,300.00 0.00 1,300.00
41 0.00 1,300.00 0.00 1,300.00
42 32,340.17 1,300.00 2,500.00 36,140.17
43 0.00 1,300.00 0.00 1,300.00
44 0.00 1,300.00 0.00 1,300.00
45 32,986.97 1,300.00 0.00 34,286.97
46 0.00 1,300.00 0.00 1,300.00
47 0.00 1,300.00 0.00 1,300.00
48 33,646.71 1,300.00 2,500.00 37,446.71
49 0.00 1,300.00 0.00 1,300.00
50 0.00 1,300.00 0.00 1,300.00
51 34,319.64 1,300.00 0.00 35,619.64
52 0.00 1,300.00 0.00 1,300.00
53 0.00 1,300.00 0.00 1,300.00
54 35,006.04 1,300.00 2,500.00 38,806.04
55 0.00 1,300.00 0.00 1,300.00
56 0.00 1,300.00 0.00 1,300.00
57 35,706.16 1,300.00 0.00 37,006.16
58 0.00 1,300.00 0.00 1,300.00
59 0.00 1,300.00 0.00 1,300.00
60 36,420.28 1,300.00 2,500.00 40,220.28
61 0.00 1,300.00 0.00 1,300.00
62 0.00 1,300.00 0.00 1,300.00
63 37,148.68 1,300.00 0.00 38,448.68
64 0.00 1,300.00 0.00 1,300.00
65 0.00 1,300.00 0.00 1,300.00
66 37,891.66 1,300.00 2,500.00 41,691.66
67 0.00 1,300.00 0.00 1,300.00
68 0.00 1,300.00 0.00 1,300.00
69 38,649.49 1,300.00 0.00 39,949.49
70 0.00 1,300.00 0.00 1,300.00
71 0.00 1,300.00 0.00 1,300.00
72 39,422.48 1,300.00 2,500.00 -86,000.00 -42,777.52
MAQ NUEVA
TEA 20% VAC 325,563.12
TEM 1.53% CAE S/ 77,654.21
PERIODO INVERSION MANTENI MANO OBRA INGRESO FLUJO CAJA TOT

0 750,000.00 750,000.00
1 13,000.00 0.00 -3,000.00 10,000.00
2 13,000.00 0.00 -3,120.00 9,880.00
3 13,000.00 0.00 -3,244.80 9,755.20
4 13,000.00 0.00 -3,374.59 9,625.41
5 13,000.00 0.00 -3,509.58 9,490.42
6 13,000.00 104,000.00 -3,649.96 113,350.04
7 13,000.00 0.00 -3,795.96 9,204.04
8 13,000.00 0.00 -3,947.80 9,052.20
9 13,000.00 0.00 -4,105.71 8,894.29
10 13,000.00 0.00 -4,269.94 8,730.06
11 13,000.00 0.00 -4,440.73 8,559.27
12 13,000.00 104,000.00 -4,618.36 112,381.64
13 13,000.00 0.00 -4,803.10 8,196.90
14 13,000.00 0.00 -4,995.22 8,004.78
15 13,000.00 0.00 -5,195.03 7,804.97
16 13,000.00 0.00 -5,402.83 7,597.17
17 13,000.00 0.00 -5,618.94 7,381.06
18 13,000.00 104,000.00 -5,843.70 111,156.30
19 13,000.00 0.00 -6,077.45 6,922.55
20 13,000.00 0.00 -6,320.55 6,679.45
21 13,000.00 0.00 -6,573.37 6,426.63
22 13,000.00 0.00 -6,836.30 6,163.70
23 13,000.00 0.00 -7,109.76 5,890.24
24 13,000.00 104,000.00 -7,394.15 109,605.85
25 13,000.00 0.00 -7,689.91 5,310.09
26 13,000.00 0.00 -7,997.51 5,002.49
27 13,000.00 0.00 -8,317.41 4,682.59
28 13,000.00 0.00 -8,650.11 4,349.89
29 13,000.00 0.00 -8,996.11 4,003.89
30 13,000.00 104,000.00 -9,355.95 107,644.05
31 13,000.00 0.00 -9,730.19 3,269.81
32 13,000.00 0.00 -10,119.40 2,880.60
33 13,000.00 0.00 -10,524.18 2,475.82
34 13,000.00 0.00 -10,945.14 2,054.86
35 13,000.00 0.00 -11,382.95 1,617.05
36 13,000.00 104,000.00 -11,838.27 105,161.73
37 13,000.00 0.00 -12,311.80 688.20
38 13,000.00 0.00 -12,804.27 195.73
39 13,000.00 0.00 -13,316.44 -316.44
40 13,000.00 0.00 -13,849.10 -849.10
41 13,000.00 0.00 -14,403.06 -1,403.06
42 13,000.00 104,000.00 -14,979.18 102,020.82
43 13,000.00 0.00 -15,578.35 -2,578.35
44 13,000.00 0.00 -16,201.49 -3,201.49
45 13,000.00 0.00 -16,849.55 -3,849.55
46 13,000.00 0.00 -17,523.53 -4,523.53
47 13,000.00 0.00 -18,224.47 -5,224.47
48 13,000.00 104,000.00 -18,953.45 98,046.55
49 13,000.00 0.00 -19,711.58 -6,711.58
50 13,000.00 0.00 -20,500.05 -7,500.05
51 13,000.00 0.00 -21,320.05 -8,320.05
52 13,000.00 0.00 -22,172.85 -9,172.85
53 13,000.00 0.00 -23,059.77 -10,059.77
54 13,000.00 104,000.00 -23,982.16 93,017.84
55 13,000.00 0.00 -24,941.44 -11,941.44
56 13,000.00 0.00 -25,939.10 -12,939.10
57 13,000.00 0.00 -26,976.66 -13,976.66
58 13,000.00 0.00 -28,055.73 -15,055.73
59 13,000.00 0.00 -29,177.96 -16,177.96
60 13,000.00 104,000.00 -30,345.08 86,654.92
61 13,000.00 0.00 -31,558.88 -18,558.88
62 13,000.00 0.00 -32,821.24 -19,821.24
63 13,000.00 0.00 -34,134.09 -21,134.09
64 13,000.00 0.00 -35,499.45 -22,499.45
65 13,000.00 0.00 -36,919.43 -23,919.43
66 13,000.00 104,000.00 -38,396.21 78,603.79
67 13,000.00 0.00 -39,932.05 -26,932.05
68 13,000.00 0.00 -41,529.34 -28,529.34
69 13,000.00 0.00 -43,190.51 -30,190.51
70 13,000.00 0.00 -44,918.13 -31,918.13
71 13,000.00 0.00 -46,714.86 -33,714.86
72 13,000.00 104,000.00 -48,583.45 68,416.55
73 13,000.00 0.00 -50,526.79 -37,526.79
74 13,000.00 0.00 -52,547.86 -39,547.86
75 13,000.00 0.00 -54,649.77 -41,649.77
76 13,000.00 0.00 -56,835.76 -43,835.76
77 13,000.00 0.00 -59,109.19 -46,109.19
78 13,000.00 104,000.00 -61,473.56 55,526.44
79 13,000.00 0.00 -63,932.50 -50,932.50
80 13,000.00 0.00 -66,489.81 -53,489.81
81 13,000.00 0.00 -69,149.40 -56,149.40
82 13,000.00 0.00 -71,915.37 -58,915.37
83 13,000.00 0.00 -74,791.99 -61,791.99
84 13,000.00 104,000.00 -77,783.67 39,216.33
85 13,000.00 0.00 -80,895.01 -67,895.01
86 13,000.00 0.00 -84,130.81 -71,130.81
87 13,000.00 0.00 -87,496.05 -74,496.05
88 13,000.00 0.00 -90,995.89 -77,995.89
89 13,000.00 0.00 -94,635.72 -81,635.72
90 13,000.00 104,000.00 -98,421.15 18,578.85
91 13,000.00 0.00 -102,358.00 -89,358.00
92 13,000.00 0.00 -106,452.32 -93,452.32
93 13,000.00 0.00 -110,710.41 -97,710.41
94 13,000.00 0.00 -115,138.83 -102,138.83
95 13,000.00 0.00 -119,744.38 -106,744.38
96 13,000.00 104,000.00 -124,534.16 -7,534.16
97 13,000.00 0.00 -129,515.52 -116,515.52
98 13,000.00 0.00 -134,696.15 -121,696.15
99 13,000.00 0.00 -140,083.99 -127,083.99
100 13,000.00 0.00 -145,687.35 -132,687.35
101 13,000.00 0.00 -151,514.84 -138,514.84
102 13,000.00 104,000.00 -157,575.44 -40,575.44
103 13,000.00 0.00 -163,878.46 -150,878.46
104 13,000.00 0.00 -170,433.59 -157,433.59
105 13,000.00 0.00 -177,250.94 -164,250.94
106 13,000.00 0.00 -184,340.98 -171,340.98
107 13,000.00 0.00 -191,714.61 -178,714.61
108 13,000.00 104,000.00 -199,383.20 -82,383.20
109 13,000.00 0.00 -207,358.53 -194,358.53
110 13,000.00 0.00 -215,652.87 -202,652.87
111 13,000.00 0.00 -224,278.98 -211,278.98
112 13,000.00 0.00 -233,250.14 -220,250.14
113 13,000.00 0.00 -242,580.15 -229,580.15
114 13,000.00 104,000.00 -252,283.35 -135,283.35
115 13,000.00 0.00 -262,374.69 -249,374.69
116 13,000.00 0.00 -272,869.68 -259,869.68
117 13,000.00 0.00 -283,784.46 -270,784.46
118 13,000.00 0.00 -295,135.84 -282,135.84
119 13,000.00 0.00 -306,941.27 -293,941.27
120 13,000.00 104,000.00 -319,218.93 -202,218.93
PROY B
-3,000.00 VAE
3,000.00 CAE - COSTO ANUAL EQUIVALENTE
NUEVA MAQUINA
VAC 508,787.74
CAE 121,357.45
PERIODO INVERSIÓN SUELDOS MANTENI INGRESOS

0.00 150,000.00
354,315.30 1 0.00 5,000.00 -2,250.00
2,250.00 2 0.00 5,000.00 -2,295.00
2,295.00 3 0.00 5,000.00 -2,340.90
2,340.90 4 0.00 5,000.00 -2,387.72
2,387.72 5 0.00 5,000.00 -2,435.47
2,435.47 6 50,000.00 5,000.00 -2,484.18
2,484.18 7 0 5,000.00 -2,533.87
2,533.87 8 0 5,000.00 -2,584.54
2,584.54 9 0 5,000.00 -2,636.23
2,636.23 10 0 5,000.00 -2,688.96
2,688.96 11 0 5,000.00 -2,742.74
2,742.74 12 50,000.00 5,000.00 -2,797.59
2,797.59 13 0 5,000.00 -2,853.54
2,853.54 14 0 5,000.00 -2,910.61
2,910.61 15 0 5,000.00 -2,968.83
2,968.83 16 0 5,000.00 -3,028.20
3,028.20 17 0 5,000.00 -3,088.77
3,088.77 18 50,000.00 5,000.00 -3,150.54
3,150.54 19 0 5,000.00 -3,213.55
3,213.55 20 0 5,000.00 -3,277.83
3,277.83 21 0 5,000.00 -3,343.38
3,343.38 22 0 5,000.00 -3,410.25
3,410.25 23 0 5,000.00 -3,478.45
3,478.45 24 50,000.00 5,000.00 -3,548.02
3,548.02 25 0 5,000.00 -3,618.98
3,618.98 26 0 5,000.00 -3,691.36
3,691.36 27 0 5,000.00 -3,765.19
3,765.19 28 0 5,000.00 -3,840.49
3,840.49 29 0 5,000.00 -3,917.30
3,917.30 30 50,000.00 5,000.00 -3,995.65
3,995.65 31 0 5,000.00 -4,075.56
4,075.56 32 0 5,000.00 -4,157.07
4,157.07 33 0 5,000.00 -4,240.22
4,240.22 34 0 5,000.00 -4,325.02
4,325.02 35 0 5,000.00 -4,411.52
4,411.52 36 50,000.00 5,000.00 -4,499.75
4,499.75 37 0 5,000.00 -4,589.75
4,589.75 38 0 5,000.00 -4,681.54
4,681.54 39 0 5,000.00 -4,775.17
4,775.17 40 0 5,000.00 -4,870.68
4,870.68 41 0 5,000.00 -4,968.09
4,968.09 42 50,000.00 5,000.00 -5,067.45
5,067.45 43 0 5,000.00 -5,168.80
5,168.80 44 0 5,000.00 -5,272.18
5,272.18 45 0 5,000.00 -5,377.62
5,377.62 46 0 5,000.00 -5,485.17
5,485.17 47 0 5,000.00 -5,594.88
5,594.88 48 50,000.00 5,000.00 -5,706.77
5,706.77 49 0 5,000.00 -5,820.91
5,820.91 50 0 5,000.00 -5,937.33
5,937.33 51 0 5,000.00 -6,056.07
6,056.07 52 0 5,000.00 -6,177.19
6,177.19 53 0 5,000.00 -6,300.74
6,300.74 54 50,000.00 5,000.00 -6,426.75
6,426.75 55 0 5,000.00 -6,555.29
6,555.29 56 0 5,000.00 -6,686.39
6,686.39 57 0 5,000.00 -6,820.12
6,820.12 58 0 5,000.00 -6,956.52
6,956.52 59 0 5,000.00 -7,095.65
7,095.65 60 50,000.00 5,000.00 -7,237.57
7,237.57 61 0 5,000.00 -7,382.32
7,382.32 62 0 5,000.00 -7,529.97
7,529.97 63 0 5,000.00 -7,680.56
7,680.56 64 0 5,000.00 -7,834.18
7,834.18 65 0 5,000.00 -7,990.86
7,990.86 66 50,000.00 5,000.00 -8,150.68
8,150.68 67 0 5,000.00 -8,313.69
8,313.69 68 0 5,000.00 -8,479.96
8,479.96 69 0 5,000.00 -8,649.56
8,649.56 70 0 5,000.00 -8,822.55
8,822.55 71 0 5,000.00 -8,999.01
8,999.01 72 50,000.00 5,000.00 -9,178.99
9,178.99 73 0 5,000.00 -9,362.57
9,362.57 74 0 5,000.00 -9,549.82
9,549.82 75 0 5,000.00 -9,740.81
9,740.81 76 0 5,000.00 -9,935.63
9,935.63 77 0 5,000.00 -10,134.34
10,134.34 78 50,000.00 5,000.00 -10,337.03
10,337.03 79 0 5,000.00 -10,543.77
10,543.77 80 0 5,000.00 -10,754.65
10,754.65 81 0 5,000.00 -10,969.74
10,969.74 82 0 5,000.00 -11,189.13
11,189.13 83 0 5,000.00 -11,412.92
11,412.92 84 50,000.00 5,000.00 -11,641.17
11,641.17 85 0 5,000.00 -11,874.00
11,874.00 86 0 5,000.00 -12,111.48
12,111.48 87 0 5,000.00 -12,353.71
12,353.71 88 0 5,000.00 -12,600.78
12,600.78 89 0 5,000.00 -12,852.80
12,852.80 90 50,000.00 5,000.00 -13,109.85
13,109.85 91 0 5,000.00 -13,372.05
13,372.05 92 0 5,000.00 -13,639.49
13,639.49 93 0 5,000.00 -13,912.28
13,912.28 94 0 5,000.00 -14,190.53
14,190.53 95 0 5,000.00 -14,474.34
14,474.34 96 50,000.00 5,000.00 -14,763.82
14,763.82 97 0 5,000.00 -15,059.10
15,059.10 98 0 5,000.00 -15,360.28
15,360.28 99 0 5,000.00 -15,667.49
15,667.49 100 0 5,000.00 -15,980.84
15,980.84 101 0 5,000.00 -16,300.45
16,300.45 102 50,000.00 5,000.00 -16,626.46
16,626.46 103 0 5,000.00 -16,958.99
16,958.99 104 0 5,000.00 -17,298.17
17,298.17 105 0 5,000.00 -17,644.14
17,644.14 106 0 5,000.00 -17,997.02
17,997.02 107 0 5,000.00 -18,356.96
18,356.96 108 50,000.00 5,000.00 -18,724.10
18,724.10 109 0 5,000.00 -19,098.58
19,098.58 110 0 5,000.00 -19,480.55
19,480.55 111 0 5,000.00 -19,870.16
19,870.16 112 0 5,000.00 -20,267.57
20,267.57 113 0 5,000.00 -20,672.92
20,672.92 114 50,000.00 5,000.00 -21,086.38
21,086.38 115 0 5,000.00 -21,508.10
21,508.10 116 0 5,000.00 -21,938.26
21,938.26 117 0 5,000.00 -22,377.03
22,377.03 118 0 5,000.00 -22,824.57
22,824.57 119 0 5,000.00 -23,281.06
23,281.06 120 50,000.00 5,000.00 -23,746.68
23,746.68
AHORRO ES UN INGRESO
TEA 26.8242%
TEM 2.00% VAC 895,514.57
PROVEEDOR B CAE S/ 282,409.78
PERIODO INVERSIÓN MANTENI CONSUMO REPARACIÓN AHORRO

0 550,000.00
1 0.00 1,000.00 0.00 -500.00
2 0.00 1,010.00 0.00 -500.00
3 22,500.00 1,020.10 0.00 -500.00
4 0.00 1,030.30 0.00 -500.00
5 0.00 1,040.60 0.00 -500.00
6 22,500.00 1,051.01 2,000.00 -500.00
7 0.00 1,061.52 0.00 -500.00
8 0.00 1,072.14 0.00 -500.00
9 22,500.00 1,082.86 0.00 -500.00
10 0.00 1,093.69 0.00 -500.00
11 0.00 1,104.62 0.00 -500.00
12 22,500.00 1,115.67 2,000.00 -500.00
13 0.00 1,126.83 0.00 -500.00
14 0.00 1,138.09 0.00 -500.00
15 22,500.00 1,149.47 0.00 -500.00
16 0.00 1,160.97 0.00 -500.00
17 0.00 1,172.58 0.00 -500.00
18 22,500.00 1,184.30 2,000.00 -500.00
19 0.00 1,196.15 0.00 -500.00
20 0.00 1,208.11 0.00 -500.00
21 22,500.00 1,220.19 0.00 -500.00
22 0.00 1,232.39 0.00 -500.00
23 0.00 1,244.72 0.00 -500.00
24 22,500.00 1,257.16 2,000.00 -500.00
25 0.00 1,269.73 0.00 -500.00
26 0.00 1,282.43 0.00 -500.00
27 22,500.00 1,295.26 0.00 -500.00
28 0.00 1,308.21 0.00 -500.00
29 0.00 1,321.29 0.00 -500.00
30 22,500.00 1,334.50 2,000.00 -500.00
31 0.00 1,347.85 0.00 -500.00
32 0.00 1,361.33 0.00 -500.00
33 22,500.00 1,374.94 0.00 -500.00
34 0.00 1,388.69 0.00 -500.00
35 0.00 1,402.58 0.00 -500.00
36 22,500.00 1,416.60 2,000.00 -500.00
37 0.00 1,430.77 0.00 -500.00
38 0.00 1,445.08 0.00 -500.00
39 22,500.00 1,459.53 0.00 -500.00
40 0.00 1,474.12 0.00 -500.00
41 0.00 1,488.86 0.00 -500.00
42 22,500.00 1,503.75 2,000.00 -500.00
43 0.00 1,518.79 0.00 -500.00
44 0.00 1,533.98 0.00 -500.00
45 22,500.00 1,549.32 0.00 -500.00
46 0.00 1,564.81 0.00 -500.00
47 0.00 1,580.46 0.00 -500.00
48 22,500.00 1,596.26 2,000.00 -500.00
49 0.00 1,612.23 0.00 -500.00
50 0.00 1,628.35 0.00 -500.00
51 22,500.00 1,644.63 0.00 -500.00
52 0.00 1,661.08 0.00 -500.00
53 0.00 1,677.69 0.00 -500.00
54 22,500.00 1,694.47 2,000.00 -500.00
55 0.00 1,711.41 0.00 -500.00
56 0.00 1,728.52 0.00 -500.00
57 22,500.00 1,745.81 0.00 -500.00
58 0.00 1,763.27 0.00 -500.00
59 0.00 1,780.90 0.00 -500.00
60 22,500.00 1,798.71 2,000.00 -500.00
61 0.00 1,816.70 0.00 -500.00
62 0.00 1,834.86 0.00 -500.00
63 22,500.00 1,853.21 0.00 -500.00
64 0.00 1,871.74 0.00 -500.00
65 0.00 1,890.46 0.00 -500.00
66 22,500.00 1,909.37 2,000.00 -500.00
67 0.00 1,928.46 0.00 -500.00
68 0.00 1,947.74 0.00 -500.00
69 22,500.00 1,967.22 0.00 -500.00
70 0.00 1,986.89 0.00 -500.00
71 0.00 2,006.76 0.00 -500.00
72 22,500.00 2,026.83 2,000.00 -500.00
73 0.00 2,047.10 0.00 -500.00
74 0.00 2,067.57 0.00 -500.00
75 22,500.00 2,088.25 0.00 -500.00
76 0.00 2,109.13 0.00 -500.00
77 0.00 2,130.22 0.00 -500.00
78 22,500.00 2,151.52 2,000.00 -500.00
79 0.00 2,173.04 0.00 -500.00
80 0.00 2,194.77 0.00 -500.00
81 22,500.00 2,216.72 0.00 -500.00
82 0.00 2,238.88 0.00 -500.00
83 0.00 2,261.27 0.00 -500.00
84 22,500.00 2,283.88 2,000.00 -500.00
85 0.00 2,306.72 0.00 -500.00
86 0.00 2,329.79 0.00 -500.00
87 22,500.00 2,353.09 0.00 -500.00
88 0.00 2,376.62 0.00 -500.00
89 0.00 2,400.38 0.00 -500.00
90 22,500.00 2,424.39 2,000.00 -500.00
91 0.00 2,448.63 0.00 -500.00
92 0.00 2,473.12 0.00 -500.00
93 22,500.00 2,497.85 0.00 -500.00
94 0.00 2,522.83 0.00 -500.00
95 0.00 2,548.06 0.00 -500.00
96 22,500.00 2,573.54 2,000.00 -500.00
MAQ USADA
TEA 20%
TEM 1.53%
TES 9.54%
INVERSIÓN HOY 970,000.00

CAMBIO TURBINAS HOY 122,583.54
MANO OBRA HOY 1,571,583.84
INGRESO HOY -117,574.28
VAC 2,546,593.09
CAE 509,318.62
MAQUINA ACTUAL
VAC= 250000 + +40000 +7000

9.54% 1.53%
FLUJO CAJA
150,000.00
2,750.00 COSTO MEJORA HOY 250,000.00
2,705.00 COSTO RECAMBIO HOY 41,908.90
2,659.10 COSTO MANO OBRA HOY 457,233.32
2,612.28 INGRESO EXCEPCIONAL HOY -3,876.13
2,564.53 VAC 745,266.09
52,515.82 CAE 149,053.22 CUANDO ES PERPETUA SOLO M
2,466.13
2,415.46
2,363.77
2,311.04 SE ESCOGE EL MENOR CAE
2,257.26
52,202.41
2,146.46
2,089.39
2,031.17
1,971.80
1,911.23
51,849.46
1,786.45
1,722.17
1,656.62
1,589.75
1,521.55
51,451.98
1,381.02
1,308.64
1,234.81
1,159.51
1,082.70
51,004.35
924.44
842.93
759.78
674.98
588.48
50,500.25
410.25
318.46
224.83
129.32
31.91
49,932.55
-168.80
-272.18
-377.62
-485.17
-594.88
49,293.23
-820.91
-937.33
-1,056.07
-1,177.19
-1,300.74
48,573.25
-1,555.29
-1,686.39
-1,820.12
-1,956.52
-2,095.65
47,762.43
-2,382.32
-2,529.97
-2,680.56
-2,834.18
-2,990.86
46,849.32
-3,313.69
-3,479.96
-3,649.56
-3,822.55
-3,999.01
45,821.01
-4,362.57
-4,549.82
-4,740.81
-4,935.63
-5,134.34
44,662.97
-5,543.77
-5,754.65
-5,969.74
-6,189.13
-6,412.92
43,358.83
-6,874.00
-7,111.48
-7,353.71
-7,600.78
-7,852.80
41,890.15
-8,372.05
-8,639.49
-8,912.28
-9,190.53
-9,474.34
40,236.18
-10,059.10
-10,360.28
-10,667.49
-10,980.84
-11,300.45
38,373.54
-11,958.99
-12,298.17
-12,644.14
-12,997.02
-13,356.96
36,275.90
-14,098.58
-14,480.55
-14,870.16
-15,267.57
-15,672.92
33,913.62
-16,508.10
-16,938.26
-17,377.03
-17,824.57
-18,281.06
31,253.32
RESCATE FLUJO TOTAL
550,000.00
500.00
510.00
23,020.10
530.30
540.60
25,051.01
561.52
572.14
23,082.86
593.69
604.62
25,115.67
626.83
638.09
23,149.47
660.97
672.58
25,184.30
696.15
708.11
23,220.19
732.39
744.72
25,257.16
769.73
782.43
23,295.26
808.21
821.29
25,334.50
847.85
861.33
23,374.94
888.69
902.58
25,416.60
930.77
945.08
23,459.53
974.12
988.86
25,503.75
1,018.79
1,033.98
23,549.32
1,064.81
1,080.46
25,596.26
1,112.23
1,128.35
23,644.63
1,161.08
1,177.69
25,694.47
1,211.41
1,228.52
23,745.81
1,263.27
1,280.90
25,798.71
1,316.70
1,334.86
23,853.21
1,371.74
1,390.46
25,909.37
1,428.46
1,447.74
23,967.22
1,486.89
1,506.76
26,026.83
1,547.10
1,567.57
24,088.25
1,609.13
1,630.22
26,151.52
1,673.04
1,694.77
24,216.72
1,738.88
1,761.27
26,283.88
1,806.72
1,829.79
24,353.09
1,876.62
1,900.38
26,424.39
1,948.63
1,973.12
24,497.85
2,022.83
2,048.06
-137,500.00 -110,926.46
-2000
(1+20%)^9
TEA 20%
TES 9.54%
TEM 1.53%
UANDO ES PERPETUA SOLO MULTIPICAS POR LA TASA ANUAL

PLANES DE PAGO, TABLAS DE AMORTIZACIÓN, CRONOGRAMAS DE DEUDA
PRESTAMO 600,000.00
TEA 16%
PLAZO 5 trimestres
PERIODO PAGO trimestral
PERIODO GRACIA 0 trimestres
TET 0.0378019857
si * i Cuota - int
PERIODO SALDO INIC INTERES AMORTIZACIÓN
1 600,000.00 22,681.19 111,263.96
2 488,736.04 18,475.19 115,469.96
3 373,266.09 14,110.20 119,834.95
4 253,431.14 9,580.20 124,364.95
5 129,066.19 4,878.96 129,066.19
Total 69,725.74 600,000.00
PRESTAMO 600,000.00
TEA 16%
PLAZO 5 trimestres
PERIODO GRACIA PARCIAL 2 trimestres SOLO SE PAGA INTERESES
TET 0.0378019857
si * i Cuota - int
1 600,000.00 22,681.19 0.00
2 600,000.00 22,681.19 0.00
3 600,000.00 22,681.19 192,626.58
4 407,373.42 15,399.52 199,908.25
5 207,465.17 7,842.60 207,465.17
Total 91,285.69 600,000.00
PRESTAMO 600,000.00
TEA 16%
PLAZO 5 trimestres
PERIODO GRACIA TOTAL 2 trimestres NO SE PAGA NI CAPITAL NI INTERES. EL BANCO CAPITALIZA
TET 0.0378019857
si * i Cuota - int
1 600,000.00 22,681.19 0.00
2 622,681.19 23,538.59 0.00
3 646,219.78 24,428.39 207,465.17
4 438,754.60 16,585.80 215,307.77
5 223,446.83 8,446.73 223,446.83
Total 95,680.70 646,219.78
Monto del Fondo de Amortización 600,000.00

TEA 5%
TET 1.23%
Plazo de operación 5 trimestres
Número depósitos 5
form: pago con vf

1 0.00 117,090.59 0.00
2 117,090.59 117,090.59 1,436.96
3 235,618.14 117,090.59 2,891.56
4 355,600.29 117,090.59 4,364.01
5 477,054.88 117,090.59 5,854.53
Total 585,452.94 14,547.06
TEA 12.68%
TEM 1.00%
PERIODO SALDO INIC INTERES AMORTIZACIÓN CUOTA SALDO FIN

1 200,000.00 2,000.00 0.00 0.00 202,000.00
2 202,000.00 2,020.00 0.00 0.00 204,020.00
3 204,020.00 2,040.20 0.00 0.00 206,060.20
4 206,060.20 2,060.60 427.56 2,488.16 205,632.64
5 205,632.64 2,056.33 431.83 2,488.16 205,200.81
6 205,200.81 2,052.01 436.15 2,488.16 204,764.66
7 204,764.66 2,047.65 440.51 2,488.16 204,324.14
8 204,324.14 2,043.24 444.92 2,488.16 203,879.22
9 203,879.22 2,038.79 449.37 2,488.16 203,429.86
10 203,429.86 2,034.30 453.86 2,488.16 202,975.99
11 202,975.99 2,029.76 458.40 2,488.16 202,517.59
12 202,517.59 2,025.18 462.98 2,488.16 202,054.61
13 202,054.61 2,020.55 467.61 2,488.16 201,587.00
14 201,587.00 2,015.87 472.29 2,488.16 201,114.71
15 201,114.71 2,011.15 477.01 2,488.16 200,637.69
16 200,637.69 2,006.38 481.78 2,488.16 200,155.91
17 200,155.91 2,001.56 486.60 2,488.16 199,669.31
18 199,669.31 1,996.69 491.47 2,488.16 199,177.84
19 199,177.84 1,991.78 496.38 2,488.16 198,681.46
20 198,681.46 1,986.81 501.35 2,488.16 198,180.11
21 198,180.11 1,981.80 506.36 2,488.16 197,673.76
22 197,673.76 1,976.74 511.42 2,488.16 197,162.33
23 197,162.33 1,971.62 516.54 2,488.16 196,645.80
24 196,645.80 1,966.46 521.70 2,488.16 196,124.09
25 196,124.09 1,961.24 526.92 2,488.16 195,597.17
26 195,597.17 1,955.97 532.19 2,488.16 195,064.99
27 195,064.99 1,950.65 537.51 2,488.16 194,527.48
28 194,527.48 1,945.27 542.89 2,488.16 193,984.59
29 193,984.59 1,939.85 548.31 2,488.16 193,436.28
30 193,436.28 1,934.36 553.80 2,488.16 192,882.48
31 192,882.48 1,928.82 559.34 2,488.16 192,323.14
32 192,323.14 1,923.23 564.93 2,488.16 191,758.21
33 191,758.21 1,917.58 570.58 2,488.16 191,187.64
34 191,187.64 1,911.88 576.28 2,488.16 190,611.35
35 190,611.35 1,906.11 582.05 2,488.16 190,029.31
36 190,029.31 1,900.29 587.87 2,488.16 189,441.44
37 189,441.44 1,894.41 593.75 2,488.16 188,847.69
38 188,847.69 1,888.48 599.68 2,488.16 188,248.01
39 188,248.01 1,882.48 605.68 2,488.16 187,642.33
40 187,642.33 1,876.42 611.74 2,488.16 187,030.59
41 187,030.59 1,870.31 617.85 2,488.16 186,412.74
42 186,412.74 1,864.13 624.03 2,488.16 185,788.71
43 185,788.71 1,857.89 630.27 2,488.16 185,158.43
44 185,158.43 1,851.58 636.58 2,488.16 184,521.86
45 184,521.86 1,845.22 642.94 2,488.16 183,878.92
46 183,878.92 1,838.79 649.37 2,488.16 183,229.55
47 183,229.55 1,832.30 655.86 2,488.16 182,573.68
48 182,573.68 1,825.74 662.42 2,488.16 181,911.26
49 181,911.26 1,819.11 669.05 2,488.16 181,242.21
50 181,242.21 1,812.42 675.74 2,488.16 180,566.47
51 180,566.47 1,805.66 682.50 2,488.16 179,883.98
52 179,883.98 1,798.84 689.32 2,488.16 179,194.66
53 179,194.66 1,791.95 696.21 2,488.16 178,498.44
54 178,498.44 1,784.98 703.18 2,488.16 177,795.27
55 177,795.27 1,777.95 710.21 2,488.16 177,085.06
56 177,085.06 1,770.85 717.31 2,488.16 176,367.75
57 176,367.75 1,763.68 724.48 2,488.16 175,643.27
58 175,643.27 1,756.43 731.73 2,488.16 174,911.54
59 174,911.54 1,749.12 739.04 2,488.16 174,172.49
60 174,172.49 1,741.72 746.44 2,488.16 173,426.06
61 173,426.06 1,734.26 753.90 2,488.16 172,672.16
62 172,672.16 1,726.72 761.44 2,488.16 171,910.72
63 171,910.72 1,719.11 769.05 2,488.16 171,141.67
64 171,141.67 1,711.42 776.74 2,488.16 170,364.93
65 170,364.93 1,703.65 784.51 2,488.16 169,580.41
66 169,580.41 1,695.80 792.36 2,488.16 168,788.06
67 168,788.06 1,687.88 800.28 2,488.16 167,987.78
68 167,987.78 1,679.88 808.28 2,488.16 167,179.50
69 167,179.50 1,671.79 816.37 2,488.16 166,363.13
70 166,363.13 1,663.63 824.53 2,488.16 165,538.60
71 165,538.60 1,655.39 832.77 2,488.16 164,705.83
72 164,705.83 1,647.06 841.10 2,488.16 163,864.73
73 163,864.73 1,638.65 849.51 2,488.16 163,015.21
74 163,015.21 1,630.15 858.01 2,488.16 162,157.21
75 162,157.21 1,621.57 866.59 2,488.16 161,290.62
76 161,290.62 1,612.91 875.25 2,488.16 160,415.36
77 160,415.36 1,604.15 884.01 2,488.16 159,531.36
78 159,531.36 1,595.31 892.85 2,488.16 158,638.51
79 158,638.51 1,586.39 901.78 2,488.16 157,736.74
80 157,736.74 1,577.37 910.79 2,488.16 156,825.94
81 156,825.94 1,568.26 919.90 2,488.16 155,906.04
82 155,906.04 1,559.06 929.10 2,488.16 154,976.94
83 154,976.94 1,549.77 938.39 2,488.16 154,038.55
84 154,038.55 1,540.39 947.77 2,488.16 153,090.78
85 153,090.78 1,530.91 957.25 2,488.16 152,133.52
86 152,133.52 1,521.34 966.82 2,488.16 151,166.70
87 151,166.70 1,511.67 976.49 2,488.16 150,190.21
88 150,190.21 1,501.90 986.26 2,488.16 149,203.95
89 149,203.95 1,492.04 996.12 2,488.16 148,207.83
90 148,207.83 1,482.08 1,006.08 2,488.16 147,201.75
91 147,201.75 1,472.02 1,016.14 2,488.16 146,185.60
92 146,185.60 1,461.86 1,026.30 2,488.16 145,159.30
93 145,159.30 1,451.59 1,036.57 2,488.16 144,122.73
94 144,122.73 1,441.23 1,046.93 2,488.16 143,075.80
95 143,075.80 1,430.76 1,057.40 2,488.16 142,018.40
96 142,018.40 1,420.18 1,067.98 2,488.16 140,950.42
97 140,950.42 1,409.50 1,078.66 2,488.16 139,871.77
98 139,871.77 1,398.72 1,089.44 2,488.16 138,782.32
99 138,782.32 1,387.82 1,100.34 2,488.16 137,681.99
100 137,681.99 1,376.82 1,111.34 2,488.16 136,570.65
101 136,570.65 1,365.71 1,122.45 2,488.16 135,448.19
102 135,448.19 1,354.48 1,133.68 2,488.16 134,314.51
103 134,314.51 1,343.15 1,145.01 2,488.16 133,169.50
104 133,169.50 1,331.69 1,156.47 2,488.16 132,013.03
105 132,013.03 1,320.13 1,168.03 2,488.16 130,845.00
106 130,845.00 1,308.45 1,179.71 2,488.16 129,665.29
107 129,665.29 1,296.65 1,191.51 2,488.16 128,473.79
108 128,473.79 1,284.74 1,203.42 2,488.16 127,270.36
109 127,270.36 1,272.70 1,215.46 2,488.16 126,054.91
110 126,054.91 1,260.55 1,227.61 2,488.16 124,827.30
111 124,827.30 1,248.27 1,239.89 2,488.16 123,587.41
112 123,587.41 1,235.87 1,252.29 2,488.16 122,335.12
113 122,335.12 1,223.35 1,264.81 2,488.16 121,070.31
114 121,070.31 1,210.70 1,277.46 2,488.16 119,792.86
115 119,792.86 1,197.93 1,290.23 2,488.16 118,502.63
116 118,502.63 1,185.03 1,303.13 2,488.16 117,199.49
117 117,199.49 1,171.99 1,316.17 2,488.16 115,883.33
118 115,883.33 1,158.83 1,329.33 2,488.16 114,554.00
119 114,554.00 1,145.54 1,342.62 2,488.16 113,211.38
120 113,211.38 1,132.11 1,356.05 2,488.16 111,855.33
121 111,855.33 1,118.55 1,369.61 2,488.16 110,485.73
122 110,485.73 1,104.86 1,383.30 2,488.16 109,102.42
123 109,102.42 1,091.02 1,397.14 2,488.16 107,705.29
124 107,705.29 1,077.05 1,411.11 2,488.16 106,294.18
125 106,294.18 1,062.94 1,425.22 2,488.16 104,868.96
126 104,868.96 1,048.69 1,439.47 2,488.16 103,429.49
127 103,429.49 1,034.29 1,453.87 2,488.16 101,975.63
128 101,975.63 1,019.76 1,468.40 2,488.16 100,507.22
129 100,507.22 1,005.07 1,483.09 2,488.16 99,024.14
130 99,024.14 990.24 1,497.92 2,488.16 97,526.22
131 97,526.22 975.26 1,512.90 2,488.16 96,013.32
132 96,013.32 960.13 1,528.03 2,488.16 94,485.29
133 94,485.29 944.85 1,543.31 2,488.16 92,941.98
134 92,941.98 929.42 1,558.74 2,488.16 91,383.24
135 91,383.24 913.83 1,574.33 2,488.16 89,808.92
136 89,808.92 898.09 1,590.07 2,488.16 88,218.85
137 88,218.85 882.19 1,605.97 2,488.16 86,612.87
138 86,612.87 866.13 1,622.03 2,488.16 84,990.84
139 84,990.84 849.91 1,638.25 2,488.16 83,352.59
140 83,352.59 833.53 1,654.63 2,488.16 81,697.96
141 81,697.96 816.98 1,671.18 2,488.16 80,026.78
142 80,026.78 800.27 1,687.89 2,488.16 78,338.88
143 78,338.88 783.39 1,704.77 2,488.16 76,634.11
144 76,634.11 766.34 1,721.82 2,488.16 74,912.29
145 74,912.29 749.12 1,739.04 2,488.16 73,173.26
146 73,173.26 731.73 1,756.43 2,488.16 71,416.83
147 71,416.83 714.17 1,773.99 2,488.16 69,642.84
148 69,642.84 696.43 1,791.73 2,488.16 67,851.11
149 67,851.11 678.51 1,809.65 2,488.16 66,041.46
150 66,041.46 660.41 1,827.75 2,488.16 64,213.71
151 64,213.71 642.14 1,846.02 2,488.16 62,367.69
152 62,367.69 623.68 1,864.48 2,488.16 60,503.20
153 60,503.20 605.03 1,883.13 2,488.16 58,620.08
154 58,620.08 586.20 1,901.96 2,488.16 56,718.12
155 56,718.12 567.18 1,920.98 2,488.16 54,797.14
156 54,797.14 547.97 1,940.19 2,488.16 52,856.95
157 52,856.95 528.57 1,959.59 2,488.16 50,897.36
158 50,897.36 508.97 1,979.19 2,488.16 48,918.17
159 48,918.17 489.18 1,998.98 2,488.16 46,919.19
160 46,919.19 469.19 2,018.97 2,488.16 44,900.23
161 44,900.23 449.00 2,039.16 2,488.16 42,861.07
162 42,861.07 428.61 2,059.55 2,488.16 40,801.52
163 40,801.52 408.02 2,080.14 2,488.16 38,721.37
164 38,721.37 387.21 2,100.95 2,488.16 36,620.43
165 36,620.43 366.20 2,121.96 2,488.16 34,498.47
166 34,498.47 344.98 2,143.18 2,488.16 32,355.30
167 32,355.30 323.55 2,164.61 2,488.16 30,190.69
168 30,190.69 301.91 2,186.25 2,488.16 28,004.43
169 28,004.43 280.04 2,208.12 2,488.16 25,796.32
170 25,796.32 257.96 2,230.20 2,488.16 23,566.12
171 23,566.12 235.66 2,252.50 2,488.16 21,313.62
172 21,313.62 213.14 2,275.02 2,488.16 19,038.60
173 19,038.60 190.39 2,297.77 2,488.16 16,740.83
174 16,740.83 167.41 2,320.75 2,488.16 14,420.07
175 14,420.07 144.20 2,343.96 2,488.16 12,076.11
176 12,076.11 120.76 2,367.40 2,488.16 9,708.72
177 9,708.72 97.09 2,391.07 2,488.16 7,317.64
178 7,317.64 73.18 2,414.98 2,488.16 4,902.66
179 4,902.66 49.03 2,439.13 2,488.16 2,463.52
180 2,463.52 24.64 2,463.52 2,488.16 0.00
TEA 16%
TEM 1.24%
CUOTA 5,821.16
1 100,000.00 1,244.51 0.00 1,244.51 100,000.00
2 100,000.00 1,244.51 0.00 1,244.51 100,000.00
3 100,000.00 1,244.51 0.00 0.00 101,244.51
4 101,244.51 1,260.00 0.00 0.00 102,504.52
5 102,504.52 1,275.68 4,545.48 5,821.16 97,959.04
6 97,959.04 1,219.11 4,602.05 5,821.16 93,356.99
7 93,356.99 1,161.84 4,659.32 5,821.16 88,697.66
8 88,697.66 1,103.85 4,717.31 5,821.16 83,980.35
9 83,980.35 1,045.15 4,776.02 5,821.16 79,204.34
10 79,204.34 985.71 4,835.45 5,821.16 74,368.88
11 74,368.88 925.53 4,895.63 5,821.16 69,473.25
12 69,473.25 864.60 4,956.56 5,821.16 64,516.69
13 64,516.69 802.92 5,018.24 5,821.16 59,498.45
14 59,498.45 740.47 5,080.70 5,821.16 54,417.75
15 54,417.75 677.24 5,143.93 5,821.16 49,273.82
16 49,273.82 613.22 5,207.94 5,821.16 44,065.88
17 44,065.88 548.41 5,272.76 5,821.16 38,793.12
18 38,793.12 482.79 5,338.38 5,821.16 33,454.74
19 33,454.74 416.35 5,404.81 5,821.16 28,049.93
20 28,049.93 349.09 5,472.08 5,821.16 22,577.85
21 22,577.85 280.98 5,540.18 5,821.16 17,037.67
22 17,037.67 212.04 5,609.13 5,821.16 11,428.54
23 11,428.54 142.23 5,678.93 5,821.16 5,749.61
24 5,749.61 71.55 5,749.61 5,821.16 0.00
TEA 9.5%
TEM 0.76%
CUOTAS MENSUALES 1,093.30
CUOTA SEMESTRAL 2,186.61
PERIODO SALDO INIC INTERES AMORTIZACIÓN CUOTA MES CUOTA SEMES

1 160,000.00 1,214.65 -121.34 1,093.30 0.00
2 160,121.34 1,215.57 -122.26 1,093.30 0.00
3 160,243.60 1,216.49 -123.19 1,093.30 0.00
4 160,366.79 1,217.43 -124.13 1,093.30 0.00
5 160,490.92 1,218.37 -125.07 1,093.30 0.00
6 160,615.99 1,219.32 2,060.59 1,093.30 2,186.61
7 158,555.40 1,203.68 -110.37 1,093.30 0.00
8 158,665.77 1,204.52 -111.21 1,093.30 0.00
9 158,776.98 1,205.36 -112.06 1,093.30 0.00
10 158,889.04 1,206.21 -112.91 1,093.30 0.00
11 159,001.95 1,207.07 -113.76 1,093.30 0.00
12 159,115.71 1,207.93 2,071.98 1,093.30 2,186.61
13 157,043.73 1,192.20 -98.90 1,093.30 0.00
14 157,142.63 1,192.95 -99.65 1,093.30 0.00
15 157,242.28 1,193.71 -100.41 1,093.30 0.00
16 157,342.68 1,194.47 -101.17 1,093.30 0.00
17 157,443.85 1,195.24 -101.94 1,093.30 0.00
18 157,545.79 1,196.01 2,083.90 1,093.30 2,186.61
19 155,461.89 1,180.19 -86.89 1,093.30 0.00
20 155,548.78 1,180.85 -87.55 1,093.30 0.00
21 155,636.33 1,181.52 -88.21 1,093.30 0.00
22 155,724.54 1,182.19 -88.88 1,093.30 0.00
23 155,813.42 1,182.86 -89.56 1,093.30 0.00
24 155,902.98 1,183.54 2,096.37 1,093.30 2,186.61
25 153,806.61 1,167.63 -74.32 1,093.30 0.00
26 153,880.94 1,168.19 -74.89 1,093.30 0.00
27 153,955.82 1,168.76 -75.46 1,093.30 0.00
28 154,031.28 1,169.33 -76.03 1,093.30 0.00
29 154,107.31 1,169.91 -76.61 1,093.30 0.00
30 154,183.92 1,170.49 2,109.42 1,093.30 2,186.61
31 152,074.49 1,154.48 -61.17 1,093.30 0.00
32 152,135.67 1,154.94 -61.64 1,093.30 0.00
33 152,197.31 1,155.41 -62.11 1,093.30 0.00
34 152,259.41 1,155.88 -62.58 1,093.30 0.00
35 152,321.99 1,156.36 -63.05 1,093.30 0.00
36 152,385.05 1,156.84 2,123.08 1,093.30 2,186.61
37 150,261.97 1,140.72 -47.41 1,093.30 0.00
38 150,309.38 1,141.08 -47.77 1,093.30 0.00
39 150,357.16 1,141.44 -48.14 1,093.30 0.00
40 150,405.29 1,141.81 -48.50 1,093.30 0.00
41 150,453.80 1,142.18 -48.87 1,093.30 0.00
42 150,502.67 1,142.55 2,137.37 1,093.30 2,186.61
43 148,365.30 1,126.32 -33.02 1,093.30 0.00
44 148,398.32 1,126.57 -33.27 1,093.30 0.00
45 148,431.58 1,126.82 -33.52 1,093.30 0.00
46 148,465.10 1,127.08 -33.77 1,093.30 0.00
47 148,498.88 1,127.33 -34.03 1,093.30 0.00
48 148,532.91 1,127.59 2,152.32 1,093.30 2,186.61
49 146,380.58 1,111.25 -17.95 1,093.30 0.00
50 146,398.53 1,111.39 -18.09 1,093.30 0.00
51 146,416.62 1,111.53 -18.22 1,093.30 0.00
52 146,434.84 1,111.67 -18.36 1,093.30 0.00
53 146,453.20 1,111.80 -18.50 1,093.30 0.00
54 146,471.70 1,111.94 2,167.97 1,093.30 2,186.61
55 144,303.73 1,095.49 -2.18 1,093.30 0.00
56 144,305.92 1,095.50 -2.20 1,093.30 0.00
57 144,308.11 1,095.52 -2.22 1,093.30 0.00
58 144,310.33 1,095.54 -2.23 1,093.30 0.00
59 144,312.56 1,095.55 -2.25 1,093.30 0.00
60 144,314.81 1,095.57 2,184.34 1,093.30 2,186.61
61 142,130.47 1,078.99 14.32 1,093.30 0.00
62 142,116.15 1,078.88 14.42 1,093.30 0.00
63 142,101.73 1,078.77 14.53 1,093.30 0.00
64 142,087.19 1,078.66 14.64 1,093.30 0.00
65 142,072.55 1,078.55 14.76 1,093.30 0.00
66 142,057.79 1,078.44 2,201.48 1,093.30 2,186.61
67 139,856.32 1,061.72 31.58 1,093.30 0.00
68 139,824.74 1,061.48 31.82 1,093.30 0.00
69 139,792.92 1,061.24 32.06 1,093.30 0.00
70 139,760.85 1,061.00 32.31 1,093.30 0.00
71 139,728.55 1,060.75 32.55 1,093.30 0.00
72 139,696.00 1,060.51 2,219.41 1,093.30 2,186.61
73 137,476.59 1,043.66 49.65 1,093.30 0.00
74 137,426.95 1,043.28 50.02 1,093.30 0.00
75 137,376.92 1,042.90 50.40 1,093.30 0.00
76 137,326.52 1,042.52 50.79 1,093.30 0.00
77 137,275.73 1,042.13 51.17 1,093.30 0.00
78 137,224.56 1,041.74 2,238.17 1,093.30 2,186.61
79 134,986.40 1,024.75 68.55 1,093.30 0.00
80 134,917.84 1,024.23 69.07 1,093.30 0.00
81 134,848.77 1,023.71 69.60 1,093.30 0.00
82 134,779.18 1,023.18 70.12 1,093.30 0.00
83 134,709.05 1,022.65 70.66 1,093.30 0.00
84 134,638.40 1,022.11 2,257.80 1,093.30 2,186.61
85 132,380.60 1,004.97 88.33 1,093.30 0.00
86 132,292.26 1,004.30 89.00 1,093.30 0.00
87 132,203.26 1,003.63 89.68 1,093.30 0.00
88 132,113.58 1,002.94 90.36 1,093.30 0.00
89 132,023.22 1,002.26 91.05 1,093.30 0.00
90 131,932.18 1,001.57 2,278.35 1,093.30 2,186.61
91 129,653.83 984.27 109.03 1,093.30 0.00
92 129,544.80 983.44 109.86 1,093.30 0.00
93 129,434.94 982.61 110.69 1,093.30 0.00
94 129,324.24 981.77 111.54 1,093.30 0.00
95 129,212.71 980.92 112.38 1,093.30 0.00
96 129,100.33 980.07 2,299.84 1,093.30 2,186.61
97 126,800.48 962.61 130.69 1,093.30 0.00
98 126,669.79 961.62 131.69 1,093.30 0.00
99 126,538.10 960.62 132.69 1,093.30 0.00
100 126,405.42 959.61 133.69 1,093.30 0.00
101 126,271.72 958.60 134.71 1,093.30 0.00
102 126,137.01 957.57 2,322.34 1,093.30 2,186.61
103 123,814.67 939.94 153.36 1,093.30 0.00
104 123,661.31 938.78 154.53 1,093.30 0.00
105 123,506.79 937.61 155.70 1,093.30 0.00
106 123,351.09 936.42 156.88 1,093.30 0.00
107 123,194.21 935.23 158.07 1,093.30 0.00
108 123,036.14 934.03 2,345.88 1,093.30 2,186.61
109 120,690.26 916.22 177.08 1,093.30 0.00
110 120,513.18 914.88 178.42 1,093.30 0.00
111 120,334.75 913.53 179.78 1,093.30 0.00
112 120,154.97 912.16 181.14 1,093.30 0.00
113 119,973.83 910.79 182.52 1,093.30 0.00
114 119,791.31 909.40 2,370.51 1,093.30 2,186.61
115 117,420.80 891.40 201.90 1,093.30 0.00
116 117,218.90 889.87 203.43 1,093.30 0.00
117 117,015.46 888.33 204.98 1,093.30 0.00
118 116,810.49 886.77 206.53 1,093.30 0.00
119 116,603.95 885.20 208.10 1,093.30 0.00
120 116,395.85 883.62 2,396.29 1,093.30 2,186.61
121 113,999.56 865.43 227.87 1,093.30 0.00
122 113,771.69 863.70 229.60 1,093.30 0.00
123 113,542.08 861.96 231.35 1,093.30 0.00
124 113,310.74 860.20 233.10 1,093.30 0.00
125 113,077.64 858.43 234.87 1,093.30 0.00
126 112,842.76 856.65 2,423.26 1,093.30 2,186.61
127 110,419.50 838.25 255.05 1,093.30 0.00
128 110,164.45 836.32 256.99 1,093.30 0.00
129 109,907.46 834.37 258.94 1,093.30 0.00
130 109,648.52 832.40 260.90 1,093.30 0.00
131 109,387.62 830.42 262.88 1,093.30 0.00
132 109,124.74 828.42 2,451.49 1,093.30 2,186.61
133 106,673.25 809.81 283.49 1,093.30 0.00
134 106,389.76 807.66 285.64 1,093.30 0.00
135 106,104.11 805.49 287.81 1,093.30 0.00
136 105,816.30 803.31 290.00 1,093.30 0.00
137 105,526.31 801.11 292.20 1,093.30 0.00
138 105,234.11 798.89 2,481.03 1,093.30 2,186.61
139 102,753.08 780.05 313.25 1,093.30 0.00
140 102,439.83 777.68 315.63 1,093.30 0.00
141 102,124.20 775.28 318.03 1,093.30 0.00
142 101,806.18 772.87 320.44 1,093.30 0.00
143 101,485.74 770.43 322.87 1,093.30 0.00
144 101,162.87 767.98 2,511.93 1,093.30 2,186.61
145 98,650.93 748.91 344.39 1,093.30 0.00
146 98,306.54 746.30 347.01 1,093.30 0.00
147 97,959.53 743.66 349.64 1,093.30 0.00
148 97,609.89 741.01 352.30 1,093.30 0.00
149 97,257.60 738.33 354.97 1,093.30 0.00
150 96,902.63 735.64 2,544.27 1,093.30 2,186.61
151 94,358.35 716.32 376.98 1,093.30 0.00
152 93,981.37 713.46 379.84 1,093.30 0.00
153 93,601.53 710.58 382.73 1,093.30 0.00
154 93,218.81 707.67 385.63 1,093.30 0.00
155 92,833.18 704.75 388.56 1,093.30 0.00
156 92,444.62 701.80 2,578.12 1,093.30 2,186.61
157 89,866.50 682.22 411.08 1,093.30 0.00
158 89,455.42 679.10 414.20 1,093.30 0.00
159 89,041.22 675.96 417.34 1,093.30 0.00
160 88,623.88 672.79 420.51 1,093.30 0.00
161 88,203.36 669.60 423.71 1,093.30 0.00
162 87,779.66 666.38 2,613.53 1,093.30 2,186.61
163 85,166.13 646.54 446.76 1,093.30 0.00
164 84,719.36 643.15 450.15 1,093.30 0.00
165 84,269.21 639.73 453.57 1,093.30 0.00
166 83,815.64 636.29 457.02 1,093.30 0.00
167 83,358.62 632.82 460.48 1,093.30 0.00
168 82,898.14 629.32 2,650.59 1,093.30 2,186.61
169 80,247.55 609.20 484.10 1,093.30 0.00
170 79,763.45 605.53 487.78 1,093.30 0.00
171 79,275.67 601.82 491.48 1,093.30 0.00
172 78,784.19 598.09 495.21 1,093.30 0.00
173 78,288.98 594.33 498.97 1,093.30 0.00
174 77,790.01 590.55 2,689.37 1,093.30 2,186.61
175 75,100.64 570.13 523.18 1,093.30 0.00
176 74,577.46 566.16 527.15 1,093.30 0.00
177 74,050.31 562.16 531.15 1,093.30 0.00
178 73,519.17 558.12 535.18 1,093.30 0.00
179 72,983.98 554.06 539.24 1,093.30 0.00
180 72,444.74 549.97 2,729.95 1,093.30 2,186.61
181 69,714.79 529.24 564.06 1,093.30 0.00
182 69,150.73 524.96 568.34 1,093.30 0.00
183 68,582.39 520.65 572.66 1,093.30 0.00
184 68,009.73 516.30 577.01 1,093.30 0.00
185 67,432.72 511.92 581.39 1,093.30 0.00
186 66,851.34 507.50 2,772.41 1,093.30 2,186.61
187 64,078.93 486.46 606.85 1,093.30 0.00
188 63,472.08 481.85 611.45 1,093.30 0.00
189 62,860.63 477.21 616.10 1,093.30 0.00
190 62,244.53 472.53 620.77 1,093.30 0.00
191 61,623.76 467.82 625.49 1,093.30 0.00
192 60,998.27 463.07 2,816.84 1,093.30 2,186.61
193 58,181.43 441.69 651.62 1,093.30 0.00
194 57,529.81 436.74 656.56 1,093.30 0.00
195 56,873.25 431.76 661.55 1,093.30 0.00
196 56,211.70 426.73 666.57 1,093.30 0.00
197 55,545.12 421.67 671.63 1,093.30 0.00
198 54,873.49 416.57 2,863.34 1,093.30 2,186.61
199 52,010.15 394.84 698.47 1,093.30 0.00
200 51,311.69 389.53 703.77 1,093.30 0.00
201 50,607.92 384.19 709.11 1,093.30 0.00
202 49,898.80 378.81 714.50 1,093.30 0.00
203 49,184.31 373.38 719.92 1,093.30 0.00
204 48,464.39 367.92 2,911.99 1,093.30 2,186.61
205 45,552.39 345.81 747.49 1,093.30 0.00
206 44,804.90 340.14 753.17 1,093.30 0.00
207 44,051.73 334.42 758.88 1,093.30 0.00
208 43,292.85 328.66 764.65 1,093.30 0.00
209 42,528.20 322.85 770.45 1,093.30 0.00
210 41,757.75 317.01 2,962.91 1,093.30 2,186.61
211 38,794.85 294.51 798.79 1,093.30 0.00
212 37,996.05 288.45 804.86 1,093.30 0.00
213 37,191.20 282.34 810.97 1,093.30 0.00
214 36,380.23 276.18 817.12 1,093.30 0.00
215 35,563.11 269.98 823.33 1,093.30 0.00
216 34,739.78 263.73 3,016.19 1,093.30 2,186.61
217 31,723.60 240.83 852.47 1,093.30 0.00
218 30,871.13 234.36 858.95 1,093.30 0.00
219 30,012.18 227.84 865.47 1,093.30 0.00
220 29,146.71 221.27 872.04 1,093.30 0.00
221 28,274.68 214.65 878.66 1,093.30 0.00
222 27,396.02 207.98 3,071.94 1,093.30 2,186.61
223 24,324.09 184.66 908.65 1,093.30 0.00
224 23,415.44 177.76 915.55 1,093.30 0.00
225 22,499.89 170.81 922.50 1,093.30 0.00
226 21,577.40 163.81 929.50 1,093.30 0.00
227 20,647.90 156.75 936.56 1,093.30 0.00
228 19,711.34 149.64 3,130.27 1,093.30 2,186.61
229 16,581.07 125.88 967.43 1,093.30 0.00
230 15,613.64 118.53 974.77 1,093.30 0.00
231 14,638.87 111.13 982.17 1,093.30 0.00
232 13,656.69 103.68 989.63 1,093.30 0.00
233 12,667.07 96.16 997.14 1,093.30 0.00
234 11,669.92 88.59 3,191.32 1,093.30 2,186.61
235 8,478.60 64.37 1,028.94 1,093.30 0.00
236 7,449.66 56.55 1,036.75 1,093.30 0.00
237 6,412.91 48.68 1,044.62 1,093.30 0.00
238 5,368.29 40.75 1,052.55 1,093.30 0.00
239 4,315.74 32.76 1,060.54 1,093.30 0.00
240 3,255.20 24.71 3,255.20 1,093.30 2,186.61
COMPRAMASS
TEM 5%
PERIODO SALDO INIC INTERES AMORTIZACIÓN CUOTA MES SALDO FIN

1 1,920.00 96.00 282.27 378.27 1,637.73
2 1,637.73 81.89 296.39 378.27 1,341.34
3 1,341.34 67.07 311.21 378.27 1,030.13
4 1,030.13 51.51 326.77 378.27 703.37
5 703.37 35.17 343.11 378.27 360.26
6 360.26 18.01 360.26 378.27 0.00
349.64
TEM 0.85%
CUOTA MES 2,853.02
CUOTA SEMES 3,500.00
PERIODO SALDO INIC INTERES AMORTIZACIÓN CUOTA MES CUOTA SEMES

1 350,000.00 2,975.00 -121.98 2,853.02 0.00
2 350,121.98 2,976.04 -123.01 2,853.02 0.00
3 350,244.99 2,977.08 -124.06 2,853.02 0.00
4 350,369.05 2,978.14 -125.11 2,853.02 0.00
5 350,494.16 2,979.20 -126.18 2,853.02 0.00
6 350,620.33 2,980.27 3,372.75 2,853.02 3,500.00
7 347,247.58 2,951.60 -98.58 2,853.02 0.00
8 347,346.16 2,952.44 -99.42 2,853.02 0.00
9 347,445.58 2,953.29 -100.26 2,853.02 0.00
10 347,545.84 2,954.14 -101.12 2,853.02 0.00
11 347,646.96 2,955.00 -101.97 2,853.02 0.00
12 347,748.93 2,955.87 3,397.16 2,853.02 3,500.00
13 344,351.78 2,926.99 -73.97 2,853.02 0.00
14 344,425.74 2,927.62 -74.59 2,853.02 0.00
15 344,500.34 2,928.25 -75.23 2,853.02 0.00
16 344,575.56 2,928.89 -75.87 2,853.02 0.00
17 344,651.43 2,929.54 -76.51 2,853.02 0.00
18 344,727.95 2,930.19 3,422.84 2,853.02 3,500.00
19 341,305.11 2,901.09 -48.07 2,853.02 0.00
20 341,353.18 2,901.50 -48.48 2,853.02 0.00
21 341,401.66 2,901.91 -48.89 2,853.02 0.00
22 341,450.55 2,902.33 -49.31 2,853.02 0.00
23 341,499.85 2,902.75 -49.72 2,853.02 0.00
24 341,549.57 2,903.17 3,449.85 2,853.02 3,500.00
25 338,099.72 2,873.85 -20.82 2,853.02 0.00
26 338,120.55 2,874.02 -21.00 2,853.02 0.00
27 338,141.55 2,874.20 -21.18 2,853.02 0.00
28 338,162.72 2,874.38 -21.36 2,853.02 0.00
29 338,184.08 2,874.56 -21.54 2,853.02 0.00
30 338,205.62 2,874.75 3,478.28 2,853.02 3,500.00
31 334,727.35 2,845.18 7.84 2,853.02 0.00
32 334,719.50 2,845.12 7.91 2,853.02 0.00
33 334,711.60 2,845.05 7.98 2,853.02 0.00
34 334,703.62 2,844.98 8.04 2,853.02 0.00
35 334,695.58 2,844.91 8.11 2,853.02 0.00
36 334,687.46 2,844.84 3,508.18 2,853.02 3,500.00
37 331,179.28 2,815.02 38.00 2,853.02 0.00
38 331,141.28 2,814.70 38.32 2,853.02 0.00
39 331,102.96 2,814.38 38.65 2,853.02 0.00
40 331,064.31 2,814.05 38.98 2,853.02 0.00
41 331,025.33 2,813.72 39.31 2,853.02 0.00
42 330,986.02 2,813.38 3,539.64 2,853.02 3,500.00
43 327,446.38 2,783.29 69.73 2,853.02 0.00
44 327,376.65 2,782.70 70.32 2,853.02 0.00
45 327,306.33 2,782.10 70.92 2,853.02 0.00
46 327,235.41 2,781.50 71.52 2,853.02 0.00
47 327,163.88 2,780.89 72.13 2,853.02 0.00
48 327,091.75 2,780.28 3,572.74 2,853.02 3,500.00
49 323,519.01 2,749.91 103.11 2,853.02 0.00
50 323,415.90 2,749.04 103.99 2,853.02 0.00
51 323,311.91 2,748.15 104.87 2,853.02 0.00
52 323,207.03 2,747.26 105.76 2,853.02 0.00
53 323,101.27 2,746.36 106.66 2,853.02 0.00
54 322,994.60 2,745.45 3,607.57 2,853.02 3,500.00
55 319,387.03 2,714.79 138.23 2,853.02 0.00
56 319,248.80 2,713.61 139.41 2,853.02 0.00
57 319,109.39 2,712.43 140.59 2,853.02 0.00
58 318,968.80 2,711.23 141.79 2,853.02 0.00
59 318,827.01 2,710.03 142.99 2,853.02 0.00
60 318,684.01 2,708.81 3,644.21 2,853.02 3,500.00
61 315,039.80 2,677.84 175.19 2,853.02 0.00
62 314,864.62 2,676.35 176.68 2,853.02 0.00
63 314,687.94 2,674.85 178.18 2,853.02 0.00
64 314,509.76 2,673.33 179.69 2,853.02 0.00
65 314,330.07 2,671.81 181.22 2,853.02 0.00
66 314,148.85 2,670.27 3,682.76 2,853.02 3,500.00
67 310,466.09 2,638.96 214.06 2,853.02 0.00
68 310,252.03 2,637.14 215.88 2,853.02 0.00
69 310,036.15 2,635.31 217.72 2,853.02 0.00
70 309,818.43 2,633.46 219.57 2,853.02 0.00
71 309,598.86 2,631.59 221.43 2,853.02 0.00
72 309,377.43 2,629.71 3,723.32 2,853.02 3,500.00
73 305,654.11 2,598.06 254.96 2,853.02 0.00
74 305,399.15 2,595.89 257.13 2,853.02 0.00
75 305,142.02 2,593.71 259.32 2,853.02 0.00
76 304,882.70 2,591.50 261.52 2,853.02 0.00
77 304,621.18 2,589.28 263.74 2,853.02 0.00
78 304,357.44 2,587.04 3,765.99 2,853.02 3,500.00
79 300,591.45 2,555.03 298.00 2,853.02 0.00
80 300,293.45 2,552.49 300.53 2,853.02 0.00
81 299,992.92 2,549.94 303.08 2,853.02 0.00
82 299,689.84 2,547.36 305.66 2,853.02 0.00
83 299,384.18 2,544.77 308.26 2,853.02 0.00
84 299,075.92 2,542.15 3,810.88 2,853.02 3,500.00
85 295,265.04 2,509.75 343.27 2,853.02 0.00
86 294,921.77 2,506.84 346.19 2,853.02 0.00
87 294,575.58 2,503.89 349.13 2,853.02 0.00
88 294,226.45 2,500.92 352.10 2,853.02 0.00
89 293,874.35 2,497.93 355.09 2,853.02 0.00
90 293,519.25 2,494.91 3,858.11 2,853.02 3,500.00
91 289,661.14 2,462.12 390.90 2,853.02 0.00
92 289,270.24 2,458.80 394.23 2,853.02 0.00
93 288,876.01 2,455.45 397.58 2,853.02 0.00
94 288,478.43 2,452.07 400.96 2,853.02 0.00
95 288,077.48 2,448.66 404.37 2,853.02 0.00
96 287,673.11 2,445.22 3,907.80 2,853.02 3,500.00
97 283,765.31 2,412.01 441.02 2,853.02 0.00
98 283,324.29 2,408.26 444.77 2,853.02 0.00
99 282,879.52 2,404.48 448.55 2,853.02 0.00
100 282,430.97 2,400.66 452.36 2,853.02 0.00
101 281,978.61 2,396.82 456.21 2,853.02 0.00
102 281,522.40 2,392.94 3,960.08 2,853.02 3,500.00
103 277,562.32 2,359.28 493.74 2,853.02 0.00
104 277,068.58 2,355.08 497.94 2,853.02 0.00
105 276,570.63 2,350.85 502.17 2,853.02 0.00
106 276,068.46 2,346.58 506.44 2,853.02 0.00
107 275,562.02 2,342.28 510.75 2,853.02 0.00
108 275,051.27 2,337.94 4,015.09 2,853.02 3,500.00
109 271,036.18 2,303.81 549.22 2,853.02 0.00
110 270,486.97 2,299.14 553.89 2,853.02 0.00
111 269,933.08 2,294.43 558.59 2,853.02 0.00
112 269,374.49 2,289.68 563.34 2,853.02 0.00
113 268,811.15 2,284.89 568.13 2,853.02 0.00
114 268,243.02 2,280.07 4,072.96 2,853.02 3,500.00
115 264,170.06 2,245.45 607.58 2,853.02 0.00
116 263,562.48 2,240.28 612.74 2,853.02 0.00
117 262,949.74 2,235.07 617.95 2,853.02 0.00
118 262,331.78 2,229.82 623.20 2,853.02 0.00
119 261,708.58 2,224.52 628.50 2,853.02 0.00
120 261,080.08 2,219.18 4,133.84 2,853.02 3,500.00
121 256,946.23 2,184.04 668.98 2,853.02 0.00
122 256,277.25 2,178.36 674.67 2,853.02 0.00
123 255,602.59 2,172.62 680.40 2,853.02 0.00
124 254,922.18 2,166.84 686.19 2,853.02 0.00
125 254,236.00 2,161.01 692.02 2,853.02 0.00
126 253,543.98 2,155.12 4,197.90 2,853.02 3,500.00
127 249,346.08 2,119.44 733.58 2,853.02 0.00
128 248,612.50 2,113.21 739.82 2,853.02 0.00
129 247,872.68 2,106.92 746.11 2,853.02 0.00
130 247,126.57 2,100.58 752.45 2,853.02 0.00
131 246,374.12 2,094.18 758.84 2,853.02 0.00
132 245,615.28 2,087.73 4,265.29 2,853.02 3,500.00
133 241,349.98 2,051.47 801.55 2,853.02 0.00
134 240,548.43 2,044.66 808.36 2,853.02 0.00
135 239,740.07 2,037.79 815.23 2,853.02 0.00
136 238,924.84 2,030.86 822.16 2,853.02 0.00
137 238,102.67 2,023.87 829.15 2,853.02 0.00
138 237,273.52 2,016.82 4,336.20 2,853.02 3,500.00
139 232,937.32 1,979.97 873.06 2,853.02 0.00
140 232,064.27 1,972.55 880.48 2,853.02 0.00
141 231,183.79 1,965.06 887.96 2,853.02 0.00
142 230,295.83 1,957.51 895.51 2,853.02 0.00
143 229,400.32 1,949.90 903.12 2,853.02 0.00
144 228,497.19 1,942.23 4,410.80 2,853.02 3,500.00
145 224,086.40 1,904.73 948.29 2,853.02 0.00
146 223,138.11 1,896.67 956.35 2,853.02 0.00
147 222,181.76 1,888.54 964.48 2,853.02 0.00
148 221,217.28 1,880.35 972.68 2,853.02 0.00
149 220,244.60 1,872.08 980.95 2,853.02 0.00
150 219,263.65 1,863.74 4,489.28 2,853.02 3,500.00
151 214,774.37 1,825.58 1,027.44 2,853.02 0.00
152 213,746.93 1,816.85 1,036.18 2,853.02 0.00
153 212,710.75 1,808.04 1,044.98 2,853.02 0.00
154 211,665.77 1,799.16 1,053.87 2,853.02 0.00
155 210,611.90 1,790.20 1,062.82 2,853.02 0.00
156 209,549.08 1,781.17 4,571.86 2,853.02 3,500.00
157 204,977.22 1,742.31 1,110.72 2,853.02 0.00
158 203,866.51 1,732.87 1,120.16 2,853.02 0.00
159 202,746.35 1,723.34 1,129.68 2,853.02 0.00
160 201,616.67 1,713.74 1,139.28 2,853.02 0.00
161 200,477.38 1,704.06 1,148.97 2,853.02 0.00
162 199,328.42 1,694.29 4,658.73 2,853.02 3,500.00
163 194,669.68 1,654.69 1,198.33 2,853.02 0.00
164 193,471.35 1,644.51 1,208.52 2,853.02 0.00
165 192,262.83 1,634.23 1,218.79 2,853.02 0.00
166 191,044.04 1,623.87 1,229.15 2,853.02 0.00
167 189,814.89 1,613.43 1,239.60 2,853.02 0.00
168 188,575.30 1,602.89 4,750.13 2,853.02 3,500.00
169 183,825.16 1,562.51 1,290.51 2,853.02 0.00
170 182,534.65 1,551.54 1,301.48 2,853.02 0.00
171 181,233.17 1,540.48 1,312.54 2,853.02 0.00
172 179,920.63 1,529.33 1,323.70 2,853.02 0.00
173 178,596.93 1,518.07 1,334.95 2,853.02 0.00
174 177,261.98 1,506.73 4,846.30 2,853.02 3,500.00
175 172,415.68 1,465.53 1,387.49 2,853.02 0.00
176 171,028.19 1,453.74 1,399.28 2,853.02 0.00
177 169,628.91 1,441.85 1,411.18 2,853.02 0.00
178 168,217.73 1,429.85 1,423.17 2,853.02 0.00
179 166,794.55 1,417.75 1,435.27 2,853.02 0.00
180 165,359.28 1,405.55 4,947.47 2,853.02 3,500.00
181 160,411.81 1,363.50 1,489.52 2,853.02 0.00
182 158,922.29 1,350.84 1,502.18 2,853.02 0.00
183 157,420.10 1,338.07 1,514.95 2,853.02 0.00
184 155,905.15 1,325.19 1,527.83 2,853.02 0.00
185 154,377.32 1,312.21 1,540.82 2,853.02 0.00
186 152,836.50 1,299.11 5,053.91 2,853.02 3,500.00
187 147,782.59 1,256.15 1,596.87 2,853.02 0.00
188 146,185.72 1,242.58 1,610.45 2,853.02 0.00
189 144,575.27 1,228.89 1,624.13 2,853.02 0.00
190 142,951.14 1,215.08 1,637.94 2,853.02 0.00
191 141,313.20 1,201.16 1,651.86 2,853.02 0.00
192 139,661.33 1,187.12 5,165.90 2,853.02 3,500.00
193 134,495.43 1,143.21 1,709.81 2,853.02 0.00
194 132,785.62 1,128.68 1,724.35 2,853.02 0.00
195 131,061.27 1,114.02 1,739.00 2,853.02 0.00
196 129,322.27 1,099.24 1,753.79 2,853.02 0.00
197 127,568.48 1,084.33 1,768.69 2,853.02 0.00
198 125,799.79 1,069.30 5,283.73 2,853.02 3,500.00
199 120,516.07 1,024.39 1,828.64 2,853.02 0.00
200 118,687.43 1,008.84 1,844.18 2,853.02 0.00
201 116,843.25 993.17 1,859.86 2,853.02 0.00
202 114,983.39 977.36 1,875.67 2,853.02 0.00
203 113,107.72 961.42 1,891.61 2,853.02 0.00
204 111,216.12 945.34 5,407.69 2,853.02 3,500.00
205 105,808.43 899.37 1,953.65 2,853.02 0.00
206 103,854.78 882.77 1,970.26 2,853.02 0.00
207 101,884.52 866.02 1,987.01 2,853.02 0.00
208 99,897.51 849.13 2,003.90 2,853.02 0.00
209 97,893.61 832.10 2,020.93 2,853.02 0.00
210 95,872.69 814.92 5,538.11 2,853.02 3,500.00
211 90,334.58 767.84 2,085.18 2,853.02 0.00
212 88,249.40 750.12 2,102.90 2,853.02 0.00
213 86,146.49 732.25 2,120.78 2,853.02 0.00
214 84,025.72 714.22 2,138.81 2,853.02 0.00
215 81,886.91 696.04 2,156.99 2,853.02 0.00
216 79,729.92 677.70 5,675.32 2,853.02 3,500.00
217 74,054.60 629.46 2,223.56 2,853.02 0.00
218 71,831.04 610.56 2,242.46 2,853.02 0.00
219 69,588.58 591.50 2,261.52 2,853.02 0.00
220 67,327.06 572.28 2,280.74 2,853.02 0.00
221 65,046.32 552.89 2,300.13 2,853.02 0.00
222 62,746.19 533.34 5,819.68 2,853.02 3,500.00
223 56,926.51 483.88 2,369.15 2,853.02 0.00
224 54,557.36 463.74 2,389.29 2,853.02 0.00
225 52,168.07 443.43 2,409.60 2,853.02 0.00
226 49,758.47 422.95 2,430.08 2,853.02 0.00
227 47,328.40 402.29 2,450.73 2,853.02 0.00
228 44,877.66 381.46 5,971.56 2,853.02 3,500.00
229 38,906.10 330.70 2,522.32 2,853.02 0.00
230 36,383.78 309.26 2,543.76 2,853.02 0.00
231 33,840.01 287.64 2,565.38 2,853.02 0.00
232 31,274.63 265.83 2,587.19 2,853.02 0.00
233 28,687.44 243.84 2,609.18 2,853.02 0.00
234 26,078.26 221.67 6,131.36 2,853.02 3,500.00
235 19,946.90 169.55 2,683.48 2,853.02 0.00
236 17,263.42 146.74 2,706.29 2,853.02 0.00
237 14,557.14 123.74 2,729.29 2,853.02 0.00
238 11,827.85 100.54 2,752.49 2,853.02 0.00
239 9,075.36 77.14 2,775.88 2,853.02 0.00
240 6,299.48 53.55 6,299.48 2,853.02 3,500.00
INTERESES: 474,725.85
METODO ALEMAN :
PRESTAMO 10,344.16
TEC 4%
PERIODO SI
1 10,344.16
2 7,758.12
3 5,172.08
4 2,586.04
Form: pago Si - amort
CUOTA SALDO FIN
133,945.15 488,736.04
133,945.15 373,266.09
133,945.15 253,431.14
133,945.15 129,066.19
133,945.15 0.00
669,725.74
Form: pago Si - amort

CUOTA SALDO FIN
22,681.19 600,000.00
22,681.19 600,000.00
215,307.77 407,373.42
215,307.77 207,465.17
215,307.77 0.00
691,285.69
NI INTERES. EL BANCO CAPITALIZA LOS INTERESES QUE SE DEJAN DE PAGAR

Form: pago
CUOTA SALDO FIN
0.00 622,681.19
0.00 646,219.78
231,893.57 438,754.60
231,893.57 223,446.83
231,893.57 0.00
695,680.70
SALDO FIN
117,090.59
235,618.14
355,600.29
477,054.88
600,000.00
TEM 0.75%
PERIODO SALDO INIC INTERES AMORTIZACIÓN CUOTA

1 200,000.00 2,000.00 0.00 0.00
2 202,000.00 2,020.00 0.00 0.00
3 204,020.00 2,040.20 0.00 0.00
4 206,060.20 2,060.60 427.56 2,488.16
5 205,632.64 2,056.33 431.83 2,488.16
6 205,200.81 2,052.01 436.15 2,488.16
7 204,764.66 2,047.65 440.51 2,488.16
8 204,324.14 2,043.24 444.92 2,488.16
9 203,879.22 2,038.79 449.37 2,488.16
10 203,429.86 2,034.30 453.86 2,488.16
11 202,975.99 2,029.76 458.40 2,488.16
12 202,517.59 2,025.18 462.98 2,488.16
13 202,054.61 2,020.55 467.61 2,488.16
14 201,587.00 2,015.87 472.29 2,488.16
15 201,114.71 2,011.15 477.01 2,488.16
16 200,637.69 2,006.38 481.78 2,488.16
17 200,155.91 2,001.56 486.60 2,488.16
18 199,669.31 1,996.69 491.47 2,488.16
19 199,177.84 1,991.78 496.38 2,488.16
20 198,681.46 1,986.81 501.35 2,488.16
21 198,180.11 1,981.80 506.36 2,488.16
22 197,673.76 1,976.74 511.42 2,488.16
23 197,162.33 1,971.62 516.54 2,488.16
24 196,645.80 1,966.46 521.70 2,488.16
25 196,124.09 1,961.24 526.92 2,488.16
26 195,597.17 1,955.97 532.19 2,488.16
27 195,064.99 1,950.65 537.51 2,488.16
28 194,527.48 1,945.27 542.89 2,488.16
29 193,984.59 1,939.85 548.31 2,488.16
30 193,436.28 1,934.36 553.80 2,488.16
31 192,882.48 1,928.82 559.34 2,488.16
32 192,323.14 1,923.23 564.93 2,488.16
33 191,758.21 1,917.58 570.58 2,488.16
34 191,187.64 1,911.88 576.28 2,488.16
35 190,611.35 1,906.11 582.05 2,488.16
36 190,029.31 1,900.29 587.87 2,488.16
37 189,441.44 1,894.41 593.75 2,488.16
38 188,847.69 1,888.48 599.68 2,488.16
39 188,248.01 1,882.48 605.68 2,488.16
40 187,642.33 1,876.42 611.74 2,488.16
41 187,030.59 1,870.31 617.85 2,488.16
42 186,412.74 1,864.13 624.03 2,488.16
43 185,788.71 1,857.89 630.27 2,488.16
44 185,158.43 1,851.58 636.58 2,488.16
45 184,521.86 1,845.22 642.94 2,488.16
46 183,878.92 1,838.79 649.37 2,488.16
47 183,229.55 1,832.30 655.86 2,488.16
48 182,573.68 1,825.74 662.42 2,488.16
49 181,911.26 1,819.11 669.05 2,488.16
50 181,242.21 1,812.42 675.74 2,488.16
51 180,566.47 1,805.66 682.50 2,488.16
52 179,883.98 1,798.84 689.32 2,488.16
53 179,194.66 1,791.95 696.21 2,488.16
54 178,498.44 1,784.98 703.18 2,488.16
55 177,795.27 1,777.95 710.21 2,488.16
56 177,085.06 1,770.85 717.31 2,488.16
57 176,367.75 1,763.68 724.48 2,488.16
58 175,643.27 1,756.43 731.73 2,488.16
59 174,911.54 1,749.12 739.04 2,488.16
60 174,172.49 1,741.72 746.44 2,488.16
61 173,426.06 1300.69545 S/ 896.19 S/ 2,196.89
62 S/ 172,529.87 1293.974 S/ 902.91 S/ 2,196.89
63 S/ 171,626.95 1287.20215 S/ 909.69 S/ 2,196.89
64 S/ 170,717.27 1280.3795 S/ 916.51 S/ 2,196.89
65 S/ 169,800.76 1273.50569 S/ 923.38 S/ 2,196.89
66 S/ 168,877.38 1266.58032 S/ 930.31 S/ 2,196.89
67 S/ 167,947.07 1259.60302 S/ 937.29 S/ 2,196.89
68 S/ 167,009.78 1252.57338 S/ 944.31 S/ 2,196.89
69 S/ 166,065.47 1245.49102 S/ 951.40 S/ 2,196.89
70 S/ 165,114.07 1238.35554 S/ 958.53 S/ 2,196.89
71 S/ 164,155.54 1231.16655 S/ 965.72 S/ 2,196.89
72 S/ 163,189.82 1223.92364 S/ 972.96 S/ 2,196.89
73 S/ 162,216.85 1216.6264 S/ 980.26 S/ 2,196.89
74 S/ 161,236.59 1209.27444 S/ 987.61 S/ 2,196.89
75 S/ 160,248.98 1201.86734 S/ 995.02 S/ 2,196.89
76 S/ 159,253.96 1194.40468 S/ 1,002.48 S/ 2,196.89
77 S/ 158,251.47 1186.88606 S/ 1,010.00 S/ 2,196.89
78 S/ 157,241.47 1179.31104 S/ 1,017.58 S/ 2,196.89
79 S/ 156,223.90 1171.67922 S/ 1,025.21 S/ 2,196.89
80 S/ 155,198.69 1163.99015 S/ 1,032.90 S/ 2,196.89
81 S/ 154,165.79 1156.24342 S/ 1,040.64 S/ 2,196.89
82 S/ 153,125.14 1148.43858 S/ 1,048.45 S/ 2,196.89
83 S/ 152,076.69 1140.57521 S/ 1,056.31 S/ 2,196.89
84 S/ 151,020.38 1132.65286 S/ 1,064.24 S/ 2,196.89
85 S/ 149,956.15 1124.6711 S/ 1,072.22 S/ 2,196.89
86 S/ 148,883.93 1116.62947 S/ 1,080.26 S/ 2,196.89
87 S/ 147,803.67 1108.52753 S/ 1,088.36 S/ 2,196.89
88 S/ 146,715.31 1100.36483 S/ 1,096.52 S/ 2,196.89
89 S/ 145,618.79 1092.14091 S/ 1,104.75 S/ 2,196.89
90 S/ 144,514.04 1083.8553 S/ 1,113.03 S/ 2,196.89
91 S/ 143,401.01 1075.50756 S/ 1,121.38 S/ 2,196.89
92 S/ 142,279.63 1067.0972 S/ 1,129.79 S/ 2,196.89
93 S/ 141,149.84 1058.62377 S/ 1,138.26 S/ 2,196.89
94 S/ 140,011.57 1050.08679 S/ 1,146.80 S/ 2,196.89
95 S/ 138,864.77 1041.48578 S/ 1,155.40 S/ 2,196.89
96 S/ 137,709.37 1032.82026 S/ 1,164.07 S/ 2,196.89
97 S/ 136,545.30 1024.08976 S/ 1,172.80 S/ 2,196.89
98 S/ 135,372.50 1015.29377 S/ 1,181.59 S/ 2,196.89
99 S/ 134,190.91 1006.43181 S/ 1,190.46 S/ 2,196.89
100 S/ 133,000.45 997.503391 S/ 1,199.38 S/ 2,196.89
101 S/ 131,801.07 988.508006 S/ 1,208.38 S/ 2,196.89
102 S/ 130,592.69 979.445156 S/ 1,217.44 S/ 2,196.89
103 S/ 129,375.24 970.314334 S/ 1,226.57 S/ 2,196.89
104 S/ 128,148.67 961.115031 S/ 1,235.77 S/ 2,196.89
105 S/ 126,912.90 951.846734 S/ 1,245.04 S/ 2,196.89
106 S/ 125,667.86 942.508924 S/ 1,254.38 S/ 2,196.89
107 S/ 124,413.48 933.101081 S/ 1,263.79 S/ 2,196.89
108 S/ 123,149.69 923.622679 S/ 1,273.27 S/ 2,196.89
109 S/ 121,876.43 914.073188 S/ 1,282.81 S/ 2,196.89
110 S/ 120,593.61 904.452077 S/ 1,292.44 S/ 2,196.89
111 S/ 119,301.17 894.758808 S/ 1,302.13 S/ 2,196.89
112 S/ 117,999.05 884.992838 S/ 1,311.90 S/ 2,196.89
113 S/ 116,687.15 875.153624 S/ 1,321.73 S/ 2,196.89
114 S/ 115,365.42 865.240616 S/ 1,331.65 S/ 2,196.89
115 S/ 114,033.77 855.253261 S/ 1,341.63 S/ 2,196.89
116 S/ 112,692.13 845.191 S/ 1,351.70 S/ 2,196.89
117 S/ 111,340.44 835.053272 S/ 1,361.83 S/ 2,196.89
118 S/ 109,978.60 824.839512 S/ 1,372.05 S/ 2,196.89
119 S/ 108,606.55 814.549148 S/ 1,382.34 S/ 2,196.89
120 S/ 107,224.21 804.181606 S/ 1,392.71 S/ 2,196.89
121 S/ 105,831.51 793.736308 S/ 1,403.15 S/ 2,196.89
122 S/ 104,428.36 783.21267 S/ 1,413.68 S/ 2,196.89
123 S/ 103,014.68 772.610105 S/ 1,424.28 S/ 2,196.89
124 S/ 101,590.40 761.92802 S/ 1,434.96 S/ 2,196.89
125 S/ 100,155.44 751.16582 S/ 1,445.72 S/ 2,196.89
126 S/ 98,709.72 740.322904 S/ 1,456.57 S/ 2,196.89
127 S/ 97,253.16 729.398665 S/ 1,467.49 S/ 2,196.89
128 S/ 95,785.67 718.392495 S/ 1,478.50 S/ 2,196.89
129 S/ 94,307.17 707.303778 S/ 1,489.58 S/ 2,196.89
130 S/ 92,817.59 696.131896 S/ 1,500.76 S/ 2,196.89
131 S/ 91,316.83 684.876225 S/ 1,512.01 S/ 2,196.89
132 S/ 89,804.82 673.536137 S/ 1,523.35 S/ 2,196.89
133 S/ 88,281.47 662.110998 S/ 1,534.78 S/ 2,196.89
134 S/ 86,746.69 650.60017 S/ 1,546.29 S/ 2,196.89
135 S/ 85,200.40 639.003011 S/ 1,557.89 S/ 2,196.89
136 S/ 83,642.52 627.318873 S/ 1,569.57 S/ 2,196.89
137 S/ 82,072.95 615.547105 S/ 1,581.34 S/ 2,196.89
138 S/ 80,491.61 603.687048 S/ 1,593.20 S/ 2,196.89
139 S/ 78,898.41 591.73804 S/ 1,605.15 S/ 2,196.89
140 S/ 77,293.26 579.699415 S/ 1,617.19 S/ 2,196.89
141 S/ 75,676.07 567.570501 S/ 1,629.32 S/ 2,196.89
142 S/ 74,046.75 555.350619 S/ 1,641.54 S/ 2,196.89
143 S/ 72,405.21 543.039089 S/ 1,653.85 S/ 2,196.89
144 S/ 70,751.36 530.635222 S/ 1,666.25 S/ 2,196.89
145 S/ 69,085.11 518.138326 S/ 1,678.75 S/ 2,196.89
146 S/ 67,406.36 505.547703 S/ 1,691.34 S/ 2,196.89
147 S/ 65,715.02 492.86265 S/ 1,704.03 S/ 2,196.89
148 S/ 64,010.99 480.08246 S/ 1,716.81 S/ 2,196.89
149 S/ 62,294.19 467.206418 S/ 1,729.68 S/ 2,196.89
150 S/ 60,564.51 454.233806 S/ 1,742.65 S/ 2,196.89
151 S/ 58,821.85 441.163899 S/ 1,755.72 S/ 2,196.89
152 S/ 57,066.13 427.995968 S/ 1,768.89 S/ 2,196.89
153 S/ 55,297.24 414.729278 S/ 1,782.16 S/ 2,196.89
154 S/ 53,515.08 401.363087 S/ 1,795.52 S/ 2,196.89
155 S/ 51,719.55 387.89665 S/ 1,808.99 S/ 2,196.89
156 S/ 49,910.56 374.329215 S/ 1,822.56 S/ 2,196.89
157 S/ 48,088.00 360.660024 S/ 1,836.23 S/ 2,196.89
158 S/ 46,251.78 346.888314 S/ 1,850.00 S/ 2,196.89
159 S/ 44,401.78 333.013316 S/ 1,863.87 S/ 2,196.89
160 S/ 42,537.90 319.034255 S/ 1,877.85 S/ 2,196.89
161 S/ 40,660.05 304.950352 S/ 1,891.94 S/ 2,196.89
162 S/ 38,768.11 290.760819 S/ 1,906.13 S/ 2,196.89
163 S/ 36,861.98 276.464865 S/ 1,920.42 S/ 2,196.89
164 S/ 34,941.56 262.061692 S/ 1,934.83 S/ 2,196.89
165 S/ 33,006.73 247.550494 S/ 1,949.34 S/ 2,196.89
166 S/ 31,057.40 232.930463 S/ 1,963.96 S/ 2,196.89
167 S/ 29,093.44 218.200781 S/ 1,978.69 S/ 2,196.89
168 S/ 27,114.75 203.360626 S/ 1,993.53 S/ 2,196.89
169 S/ 25,121.22 188.409171 S/ 2,008.48 S/ 2,196.89
170 S/ 23,112.74 173.345579 S/ 2,023.54 S/ 2,196.89
171 S/ 21,089.20 158.169011 S/ 2,038.72 S/ 2,196.89
172 S/ 19,050.48 142.878618 S/ 2,054.01 S/ 2,196.89
173 S/ 16,996.47 127.473548 S/ 2,069.41 S/ 2,196.89
174 S/ 14,927.06 111.952939 S/ 2,084.94 S/ 2,196.89
175 S/ 12,842.12 96.315926 S/ 2,100.57 S/ 2,196.89
176 S/ 10,741.55 80.5616352 S/ 2,116.33 S/ 2,196.89
177 S/ 8,625.22 64.6891873 S/ 2,132.20 S/ 2,196.89
178 S/ 6,493.03 48.6976959 S/ 2,148.19 S/ 2,196.89
179 S/ 4,344.84 32.5862684 S/ 2,164.30 S/ 2,196.89
180 S/ 2,180.53 16.3540052 S/ 2,180.53 S/ 2,196.89
C. 28,399.01
D. TEM 1.00%

21 22,577.85 225.78 5,540.18 5,786.28
22 17,037.67 170.38 5,609.13 5,786.28
23 11,428.54 114.29 5,678.93 5,786.28
24 5,749.61 57.50 5,749.61 5,786.28
CUOTA TOT SALDO FIN
1,093.30 160,121.34
1,093.30 160,243.60
1,093.30 160,366.79
1,093.30 160,490.92
1,093.30 160,615.99
3,279.91 158,555.40
1,093.30 158,665.77
1,093.30 158,776.98
1,093.30 158,889.04
1,093.30 159,001.95
1,093.30 159,115.71
3,279.91 157,043.73
1,093.30 157,142.63
1,093.30 157,242.28
1,093.30 157,342.68
1,093.30 157,443.85
1,093.30 157,545.79
3,279.91 155,461.89
1,093.30 155,548.78
1,093.30 155,636.33
1,093.30 155,724.54
1,093.30 155,813.42
1,093.30 155,902.98
3,279.91 153,806.61
1,093.30 153,880.94
1,093.30 153,955.82
1,093.30 154,031.28
1,093.30 154,107.31
1,093.30 154,183.92
3,279.91 152,074.49
1,093.30 152,135.67
1,093.30 152,197.31
1,093.30 152,259.41
1,093.30 152,321.99
1,093.30 152,385.05
3,279.91 150,261.97
1,093.30 150,309.38
1,093.30 150,357.16
1,093.30 150,405.29
1,093.30 150,453.80
1,093.30 150,502.67
3,279.91 148,365.30
1,093.30 148,398.32
1,093.30 148,431.58
1,093.30 148,465.10
1,093.30 148,498.88
1,093.30 148,532.91
3,279.91 146,380.58
1,093.30 146,398.53
1,093.30 146,416.62
1,093.30 146,434.84
1,093.30 146,453.20
1,093.30 146,471.70
3,279.91 144,303.73
1,093.30 144,305.92
1,093.30 144,308.11
1,093.30 144,310.33
1,093.30 144,312.56
1,093.30 144,314.81
3,279.91 142,130.47
1,093.30 142,116.15
1,093.30 142,101.73
1,093.30 142,087.19
1,093.30 142,072.55
1,093.30 142,057.79
3,279.91 139,856.32
1,093.30 139,824.74
1,093.30 139,792.92
1,093.30 139,760.85
1,093.30 139,728.55
1,093.30 139,696.00
3,279.91 137,476.59
1,093.30 137,426.95
1,093.30 137,376.92
1,093.30 137,326.52
1,093.30 137,275.73
1,093.30 137,224.56
3,279.91 134,986.40
1,093.30 134,917.84
1,093.30 134,848.77
1,093.30 134,779.18
1,093.30 134,709.05
1,093.30 134,638.40
3,279.91 132,380.60
1,093.30 132,292.26
1,093.30 132,203.26
1,093.30 132,113.58
1,093.30 132,023.22
1,093.30 131,932.18
3,279.91 129,653.83
1,093.30 129,544.80
1,093.30 129,434.94
1,093.30 129,324.24
1,093.30 129,212.71
1,093.30 129,100.33
3,279.91 126,800.48
1,093.30 126,669.79
1,093.30 126,538.10
1,093.30 126,405.42
1,093.30 126,271.72
1,093.30 126,137.01
3,279.91 123,814.67
1,093.30 123,661.31
1,093.30 123,506.79
1,093.30 123,351.09
1,093.30 123,194.21
1,093.30 123,036.14
3,279.91 120,690.26
1,093.30 120,513.18
1,093.30 120,334.75
1,093.30 120,154.97
1,093.30 119,973.83
1,093.30 119,791.31
3,279.91 117,420.80
1,093.30 117,218.90
1,093.30 117,015.46
1,093.30 116,810.49 TEA 10%
1,093.30 116,603.95 TEM 0.80%
1,093.30 116,395.85
3,279.91 113,999.56 PERIODO SALDO INIC INTERES AMORTIZACI
1,093.30 113,771.69 121 113,999.56 909.05 206.03
1,093.30 113,542.08 122 113,793.53 907.41 207.68
1,093.30 113,310.74 123 113,585.85 905.75 209.33
1,093.30 113,077.64 124 113,376.52 904.08 211.00
1,093.30 112,842.76 125 113,165.52 902.40 212.68
3,279.91 110,419.50 126 112,952.83 900.70 2,444.54
1,093.30 110,164.45 127 110,508.29 881.21 233.87
1,093.30 109,907.46 128 110,274.42 879.34 235.74
1,093.30 109,648.52 129 110,038.68 877.46 237.62
1,093.30 109,387.62 130 109,801.06 875.57 239.51
1,093.30 109,124.74 131 109,561.55 873.66 241.42
3,279.91 106,673.25 132 109,320.12 871.73 2,473.51
1,093.30 106,389.76 133 106,846.61 852.01 263.07
1,093.30 106,104.11 134 106,583.54 849.91 265.17
1,093.30 105,816.30 135 106,318.37 847.80 267.28
1,093.30 105,526.31 136 106,051.09 845.67 269.42
1,093.30 105,234.11 137 105,781.67 843.52 271.56
3,279.91 102,753.08 138 105,510.11 841.35 2,503.89
1,093.30 102,439.83 139 103,006.21 821.39 293.70
1,093.30 102,124.20 140 102,712.52 819.04 296.04
1,093.30 101,806.18 141 102,416.48 816.68 298.40
1,093.30 101,485.74 142 102,118.08 814.30 300.78
1,093.30 101,162.87 143 101,817.30 811.91 303.18
3,279.91 98,650.93 144 101,514.13 809.49 2,535.76
1,093.30 98,306.54 145 98,978.37 789.27 325.81
1,093.30 97,959.53 146 98,652.56 786.67 328.41
1,093.30 97,609.89 147 98,324.14 784.05 331.03
1,093.30 97,257.60 148 97,993.11 781.41 333.67
1,093.30 96,902.63 149 97,659.44 778.75 336.33
3,279.91 94,358.35 150 97,323.11 776.07 2,569.18
1,093.30 93,981.37 151 94,753.93 755.58 359.50
1,093.30 93,601.53 152 94,394.43 752.71 362.37
1,093.30 93,218.81 153 94,032.06 749.82 365.26
1,093.30 92,833.18 154 93,666.81 746.91 368.17
1,093.30 92,444.62 155 93,298.64 743.98 371.11
3,279.91 89,866.50 156 92,927.53 741.02 2,604.23
1,093.30 89,455.42 157 90,323.30 720.25 394.83
1,093.30 89,041.22 158 89,928.47 717.10 397.98
1,093.30 88,623.88 159 89,530.49 713.93 401.15
1,093.30 88,203.36 160 89,129.34 710.73 404.35
1,093.30 87,779.66 161 88,724.99 707.51 407.58
3,279.91 85,166.13 162 88,317.41 704.26 2,640.99
1,093.30 84,719.36 163 85,676.42 683.20 431.89
1,093.30 84,269.21 164 85,244.54 679.75 435.33
1,093.30 83,815.64 165 84,809.21 676.28 438.80
1,093.30 83,358.62 166 84,370.40 672.78 442.30
1,093.30 82,898.14 167 83,928.10 669.25 445.83
3,279.91 80,247.55 168 83,482.28 665.70 2,679.55
1,093.30 79,763.45 169 80,802.73 644.33 470.75
1,093.30 79,275.67 170 80,331.98 640.58 474.50
1,093.30 78,784.19 171 79,857.48 636.79 478.29
1,093.30 78,288.98 172 79,379.19 632.98 482.10
1,093.30 77,790.01 173 78,897.09 629.14 485.95
3,279.91 75,100.64 174 78,411.14 625.26 2,719.98
1,093.30 74,577.46 175 75,691.16 603.57 511.51
1,093.30 74,050.31 176 75,179.65 599.49 515.59
1,093.30 73,519.17 177 74,664.06 595.38 519.70
1,093.30 72,983.98 178 74,144.36 591.24 523.84
1,093.30 72,444.74 179 73,620.52 587.06 528.02
3,279.91 69,714.79 180 73,092.50 582.85 2,762.40
1,093.30 69,150.73 181 70,330.10 560.82 554.26
1,093.30 68,582.39 182 69,775.84 556.40 558.68
1,093.30 68,009.73 183 69,217.16 551.95 563.13
1,093.30 67,432.72 184 68,654.03 547.46 567.62
1,093.30 66,851.34 185 68,086.40 542.93 572.15
3,279.91 64,078.93 186 67,514.25 538.37 2,806.88
1,093.30 63,472.08 187 64,707.37 515.99 599.10
1,093.30 62,860.63 188 64,108.28 511.21 603.87
1,093.30 62,244.53 189 63,504.40 506.39 608.69
1,093.30 61,623.76 190 62,895.72 501.54 613.54
1,093.30 60,998.27 191 62,282.17 496.65 618.44
3,279.91 58,181.43 192 61,663.74 491.72 2,853.53
1,093.30 57,529.81 193 58,810.21 468.96 646.12
1,093.30 56,873.25 194 58,164.09 463.81 651.27
1,093.30 56,211.70 195 57,512.81 458.62 656.47
1,093.30 55,545.12 196 56,856.35 453.38 661.70
1,093.30 54,873.49 197 56,194.65 448.10 666.98
3,279.91 52,010.15 198 55,527.67 442.79 2,902.46
1,093.30 51,311.69 199 52,625.21 419.64 695.44
1,093.30 50,607.92 200 51,929.77 414.10 700.99
1,093.30 49,898.80 201 51,228.78 408.51 706.58
1,093.30 49,184.31 202 50,522.20 402.87 712.21
1,093.30 48,464.39 203 49,809.99 397.19 717.89
3,279.91 45,552.39 204 49,092.10 391.47 2,953.78
1,093.30 44,804.90 205 46,138.32 367.91 747.17
1,093.30 44,051.73 206 45,391.16 361.96 753.13
1,093.30 43,292.85 207 44,638.03 355.95 759.13
1,093.30 42,528.20 208 43,878.90 349.90 765.19
1,093.30 41,757.75 209 43,113.71 343.79 771.29
3,279.91 38,794.85 210 42,342.43 337.64 3,007.60
1,093.30 37,996.05 211 39,334.82 313.66 801.42
1,093.30 37,191.20 212 38,533.40 307.27 807.81
1,093.30 36,380.23 213 37,725.59 300.83 814.25
1,093.30 35,563.11 214 36,911.34 294.34 820.75
1,093.30 34,739.78 215 36,090.60 287.79 827.29
3,279.91 31,723.60 216 35,263.30 281.19 3,064.05
1,093.30 30,871.13 217 32,199.25 256.76 858.32
1,093.30 30,012.18 218 31,340.93 249.92 865.16
1,093.30 29,146.71 219 30,475.77 243.02 872.06
1,093.30 28,274.68 220 29,603.70 236.06 879.02
1,093.30 27,396.02 221 28,724.69 229.05 886.03
3,279.91 24,324.09 222 27,838.66 221.99 3,123.26
1,093.30 23,415.44 223 24,715.40 197.08 918.00
1,093.30 22,499.89 224 23,797.41 189.76 925.32
1,093.30 21,577.40 225 22,872.09 182.39 932.70
1,093.30 20,647.90 226 21,939.39 174.95 940.13
1,093.30 19,711.34 227 20,999.26 167.45 947.63
3,279.91 16,581.07 228 20,051.63 159.89 3,185.35
1,093.30 15,613.64 229 16,866.28 134.49 980.59
1,093.30 14,638.87 230 15,885.69 126.67 988.41
1,093.30 13,656.69 231 14,897.28 118.79 996.29
1,093.30 12,667.07 232 13,900.99 110.85 1,004.23
1,093.30 11,669.92 233 12,896.76 102.84 1,012.24
3,279.91 8,478.60 234 11,884.52 94.77 3,250.48
1,093.30 7,449.66 235 8,634.04 68.85 1,046.23
1,093.30 6,412.91 236 7,587.81 60.51 1,054.58
1,093.30 5,368.29 237 6,533.23 52.10 1,062.98
1,093.30 4,315.74 238 5,470.25 43.62 1,071.46
1,093.30 3,255.20 239 4,398.79 35.08 1,080.01
3,279.91 0.00 240 3,318.78 26.46 3,318.78
AMORTIZACIÓN CONSTANTE
PROSPERIDAD
TEM 5%
PERIODO SALDO INIC INTERES AMORTIZACIÓN CUOTA MES

1 1,920.00 96.00 320.00 416.00
2 1,600.00 80.00 320.00 400.00
3 1,280.00 64.00 320.00 384.00
4 960.00 48.00 320.00 368.00
5 640.00 32.00 320.00 352.00
6 320.00 16.00 320.00 336.00
336.00
CUOTA TOT SALDO FIN
2,853.02 350,121.98
2,853.02 350,244.99
2,853.02 350,369.05
2,853.02 350,494.16
2,853.02 350,620.33
6,353.02 347,247.58
2,853.02 347,346.16
2,853.02 347,445.58
2,853.02 347,545.84
2,853.02 347,646.96
2,853.02 347,748.93
6,353.02 344,351.78
2,853.02 344,425.74
2,853.02 344,500.34
2,853.02 344,575.56
2,853.02 344,651.43
2,853.02 344,727.95
6,353.02 341,305.11
2,853.02 341,353.18
2,853.02 341,401.66
2,853.02 341,450.55
2,853.02 341,499.85
2,853.02 341,549.57
6,353.02 338,099.72
2,853.02 338,120.55
2,853.02 338,141.55
2,853.02 338,162.72
2,853.02 338,184.08
2,853.02 338,205.62
6,353.02 334,727.35
2,853.02 334,719.50
2,853.02 334,711.60
2,853.02 334,703.62
2,853.02 334,695.58
2,853.02 334,687.46
6,353.02 331,179.28
2,853.02 331,141.28
2,853.02 331,102.96
2,853.02 331,064.31
2,853.02 331,025.33
2,853.02 330,986.02
6,353.02 327,446.38
2,853.02 327,376.65
2,853.02 327,306.33
2,853.02 327,235.41
2,853.02 327,163.88
2,853.02 327,091.75
6,353.02 323,519.01
2,853.02 323,415.90
2,853.02 323,311.91
2,853.02 323,207.03
2,853.02 323,101.27
2,853.02 322,994.60
6,353.02 319,387.03
2,853.02 319,248.80
2,853.02 319,109.39
2,853.02 318,968.80
2,853.02 318,827.01
2,853.02 318,684.01
6,353.02 315,039.80
2,853.02 314,864.62
2,853.02 314,687.94
2,853.02 314,509.76
2,853.02 314,330.07
2,853.02 314,148.85
6,353.02 310,466.09
2,853.02 310,252.03
2,853.02 310,036.15
2,853.02 309,818.43
2,853.02 309,598.86
2,853.02 309,377.43
6,353.02 305,654.11
2,853.02 305,399.15
2,853.02 305,142.02
2,853.02 304,882.70
2,853.02 304,621.18
2,853.02 304,357.44
6,353.02 300,591.45
2,853.02 300,293.45
2,853.02 299,992.92
2,853.02 299,689.84
2,853.02 299,384.18
2,853.02 299,075.92
6,353.02 295,265.04
2,853.02 294,921.77
2,853.02 294,575.58
2,853.02 294,226.45
2,853.02 293,874.35
2,853.02 293,519.25
6,353.02 289,661.14
2,853.02 289,270.24
2,853.02 288,876.01
2,853.02 288,478.43
2,853.02 288,077.48
2,853.02 287,673.11
6,353.02 283,765.31
2,853.02 283,324.29
2,853.02 282,879.52
2,853.02 282,430.97
2,853.02 281,978.61
2,853.02 281,522.40
6,353.02 277,562.32
2,853.02 277,068.58
2,853.02 276,570.63
2,853.02 276,068.46
2,853.02 275,562.02
2,853.02 275,051.27 PREPAGAR
6,353.02 271,036.18 277,389.21
2,853.02 270,486.97
2,853.02 269,933.08
2,853.02 269,374.49
2,853.02 268,811.15
2,853.02 268,243.02
6,353.02 264,170.06
2,853.02 263,562.48
2,853.02 262,949.74
2,853.02 262,331.78
2,853.02 261,708.58
2,853.02 261,080.08
6,353.02 256,946.23
2,853.02 256,277.25
2,853.02 255,602.59
2,853.02 254,922.18
2,853.02 254,236.00
2,853.02 253,543.98
6,353.02 249,346.08
2,853.02 248,612.50
2,853.02 247,872.68
2,853.02 247,126.57
2,853.02 246,374.12
2,853.02 245,615.28
6,353.02 241,349.98
2,853.02 240,548.43
2,853.02 239,740.07
2,853.02 238,924.84
2,853.02 238,102.67
2,853.02 237,273.52
6,353.02 232,937.32
2,853.02 232,064.27
2,853.02 231,183.79
2,853.02 230,295.83
2,853.02 229,400.32
2,853.02 228,497.19
6,353.02 224,086.40
2,853.02 223,138.11
2,853.02 222,181.76
2,853.02 221,217.28
2,853.02 220,244.60
2,853.02 219,263.65
6,353.02 214,774.37
2,853.02 213,746.93
2,853.02 212,710.75
2,853.02 211,665.77
2,853.02 210,611.90
2,853.02 209,549.08
6,353.02 204,977.22
2,853.02 203,866.51
2,853.02 202,746.35
2,853.02 201,616.67
2,853.02 200,477.38
2,853.02 199,328.42
6,353.02 194,669.68
2,853.02 193,471.35
2,853.02 192,262.83
2,853.02 191,044.04
2,853.02 189,814.89
2,853.02 188,575.30
6,353.02 183,825.16
2,853.02 182,534.65
2,853.02 181,233.17
2,853.02 179,920.63
2,853.02 178,596.93
2,853.02 177,261.98
6,353.02 172,415.68
2,853.02 171,028.19
2,853.02 169,628.91
2,853.02 168,217.73
2,853.02 166,794.55
2,853.02 165,359.28
6,353.02 160,411.81
2,853.02 158,922.29
2,853.02 157,420.10
2,853.02 155,905.15
2,853.02 154,377.32
2,853.02 152,836.50
6,353.02 147,782.59
2,853.02 146,185.72
2,853.02 144,575.27
2,853.02 142,951.14
2,853.02 141,313.20
2,853.02 139,661.33
6,353.02 134,495.43
2,853.02 132,785.62
2,853.02 131,061.27
2,853.02 129,322.27
2,853.02 127,568.48
2,853.02 125,799.79
6,353.02 120,516.07
2,853.02 118,687.43
2,853.02 116,843.25
2,853.02 114,983.39
2,853.02 113,107.72
2,853.02 111,216.12
6,353.02 105,808.43
2,853.02 103,854.78
2,853.02 101,884.52
2,853.02 99,897.51
2,853.02 97,893.61
2,853.02 95,872.69
6,353.02 90,334.58
2,853.02 88,249.40
2,853.02 86,146.49
2,853.02 84,025.72
2,853.02 81,886.91
2,853.02 79,729.92
6,353.02 74,054.60
2,853.02 71,831.04
2,853.02 69,588.58
2,853.02 67,327.06
2,853.02 65,046.32
2,853.02 62,746.19
6,353.02 56,926.51
2,853.02 54,557.36
2,853.02 52,168.07
2,853.02 49,758.47
2,853.02 47,328.40
2,853.02 44,877.66
6,353.02 38,906.10
2,853.02 36,383.78
2,853.02 33,840.01
2,853.02 31,274.63
2,853.02 28,687.44
2,853.02 26,078.26
6,353.02 19,946.90
2,853.02 17,263.42
2,853.02 14,557.14
2,853.02 11,827.85
2,853.02 9,075.36
2,853.02 6,299.48
6,353.02 0.00
AMORTIZACIÓN CONSTANTE
INT AMORT CUOTA SF

413.77 2,586.04 2,999.81 7,758.12
310.32 2,586.04 2,896.37 5,172.08
206.88 2,586.04 2,792.92 2,586.04
103.44 2,586.04 2,689.48 0.00
SALDO FIN
202,000.00
204,020.00
206,060.20
205,632.64
205,200.81
204,764.66
204,324.14
203,879.22
203,429.86
202,975.99
202,517.59
202,054.61
201,587.00
201,114.71
200,637.69
200,155.91
199,669.31
199,177.84
198,681.46
198,180.11
197,673.76
197,162.33
196,645.80
196,124.09
195,597.17
195,064.99
194,527.48
193,984.59
193,436.28
192,882.48
192,323.14
191,758.21
191,187.64
190,611.35
190,029.31
189,441.44
188,847.69
188,248.01
187,642.33
187,030.59
186,412.74
185,788.71
185,158.43
184,521.86
183,878.92
183,229.55
182,573.68
181,911.26
181,242.21
180,566.47
179,883.98
179,194.66
178,498.44
177,795.27
177,085.06
176,367.75
175,643.27
174,911.54
174,172.49
173,426.06
S/ 172,529.87
S/ 171,626.95
S/ 170,717.27
S/ 169,800.76
S/ 168,877.38
S/ 167,947.07
S/ 167,009.78
S/ 166,065.47
S/ 165,114.07
S/ 164,155.54
S/ 163,189.82
S/ 162,216.85
S/ 161,236.59
S/ 160,248.98
S/ 159,253.96
S/ 158,251.47
S/ 157,241.47
S/ 156,223.90
S/ 155,198.69
S/ 154,165.79
S/ 153,125.14
S/ 152,076.69
S/ 151,020.38
S/ 149,956.15
S/ 148,883.93
S/ 147,803.67
S/ 146,715.31
S/ 145,618.79
S/ 144,514.04
S/ 143,401.01
S/ 142,279.63
S/ 141,149.84
S/ 140,011.57
S/ 138,864.77
S/ 137,709.37
S/ 136,545.30
S/ 135,372.50
S/ 134,190.91
S/ 133,000.45
S/ 131,801.07
S/ 130,592.69
S/ 129,375.24
S/ 128,148.67
S/ 126,912.90
S/ 125,667.86
S/ 124,413.48
S/ 123,149.69
S/ 121,876.43
S/ 120,593.61
S/ 119,301.17
S/ 117,999.05
S/ 116,687.15
S/ 115,365.42
S/ 114,033.77
S/ 112,692.13
S/ 111,340.44
S/ 109,978.60
S/ 108,606.55
S/ 107,224.21
S/ 105,831.51
S/ 104,428.36
S/ 103,014.68
S/ 101,590.40
S/ 100,155.44
S/ 98,709.72
S/ 97,253.16
S/ 95,785.67
S/ 94,307.17
S/ 92,817.59
S/ 91,316.83
S/ 89,804.82
S/ 88,281.47
S/ 86,746.69
S/ 85,200.40
S/ 83,642.52
S/ 82,072.95
S/ 80,491.61
S/ 78,898.41
S/ 77,293.26
S/ 75,676.07
S/ 74,046.75
S/ 72,405.21
S/ 70,751.36
S/ 69,085.11
S/ 67,406.36
S/ 65,715.02
S/ 64,010.99
S/ 62,294.19
S/ 60,564.51
S/ 58,821.85
S/ 57,066.13
S/ 55,297.24
S/ 53,515.08
S/ 51,719.55
S/ 49,910.56
S/ 48,088.00
S/ 46,251.78
S/ 44,401.78
S/ 42,537.90
S/ 40,660.05
S/ 38,768.11
S/ 36,861.98
S/ 34,941.56
S/ 33,006.73
S/ 31,057.40
S/ 29,093.44
S/ 27,114.75
S/ 25,121.22
S/ 23,112.74
S/ 21,089.20
S/ 19,050.48
S/ 16,996.47
S/ 14,927.06
S/ 12,842.12
S/ 10,741.55
S/ 8,625.22
S/ 6,493.03
S/ 4,344.84
S/ 2,180.53
-S/ 0.00
SALDO FIN
17,037.67
11,428.54
5,749.61
0.00
CUOTA MES 1,115.08
CUOTA SEMES 2,230.16
CUOTA MES CUOTA SEMES CUOTA TOT SALDO FIN

1,115.08 0.00 1,115.08 113,793.53
1,115.08 0.00 1,115.08 113,585.85
1,115.08 0.00 1,115.08 113,376.52
1,115.08 0.00 1,115.08 113,165.52
1,115.08 0.00 1,115.08 112,952.83
1,115.08 2,230.16 3,345.25 110,508.29
1,115.08 0.00 1,115.08 110,274.42
1,115.08 0.00 1,115.08 110,038.68
1,115.08 0.00 1,115.08 109,801.06
1,115.08 0.00 1,115.08 109,561.55
1,115.08 0.00 1,115.08 109,320.12
1,115.08 2,230.16 3,345.25 106,846.61
1,115.08 0.00 1,115.08 106,583.54
1,115.08 0.00 1,115.08 106,318.37
1,115.08 0.00 1,115.08 106,051.09
1,115.08 0.00 1,115.08 105,781.67
1,115.08 0.00 1,115.08 105,510.11
1,115.08 2,230.16 3,345.25 103,006.21
1,115.08 0.00 1,115.08 102,712.52
1,115.08 0.00 1,115.08 102,416.48
1,115.08 0.00 1,115.08 102,118.08
1,115.08 0.00 1,115.08 101,817.30
1,115.08 0.00 1,115.08 101,514.13
1,115.08 2,230.16 3,345.25 98,978.37
1,115.08 0.00 1,115.08 98,652.56
1,115.08 0.00 1,115.08 98,324.14
1,115.08 0.00 1,115.08 97,993.11
1,115.08 0.00 1,115.08 97,659.44
1,115.08 0.00 1,115.08 97,323.11
1,115.08 2,230.16 3,345.25 94,753.93
1,115.08 0.00 1,115.08 94,394.43
1,115.08 0.00 1,115.08 94,032.06
1,115.08 0.00 1,115.08 93,666.81
1,115.08 0.00 1,115.08 93,298.64
1,115.08 0.00 1,115.08 92,927.53
1,115.08 2,230.16 3,345.25 90,323.30
1,115.08 0.00 1,115.08 89,928.47
1,115.08 0.00 1,115.08 89,530.49
1,115.08 0.00 1,115.08 89,129.34
1,115.08 0.00 1,115.08 88,724.99
1,115.08 0.00 1,115.08 88,317.41
1,115.08 2,230.16 3,345.25 85,676.42
1,115.08 0.00 1,115.08 85,244.54
1,115.08 0.00 1,115.08 84,809.21
1,115.08 0.00 1,115.08 84,370.40
1,115.08 0.00 1,115.08 83,928.10
1,115.08 0.00 1,115.08 83,482.28
1,115.08 2,230.16 3,345.25 80,802.73
1,115.08 0.00 1,115.08 80,331.98
1,115.08 0.00 1,115.08 79,857.48
1,115.08 0.00 1,115.08 79,379.19
1,115.08 0.00 1,115.08 78,897.09
1,115.08 0.00 1,115.08 78,411.14
1,115.08 2,230.16 3,345.25 75,691.16
1,115.08 0.00 1,115.08 75,179.65
1,115.08 0.00 1,115.08 74,664.06
1,115.08 0.00 1,115.08 74,144.36
1,115.08 0.00 1,115.08 73,620.52
1,115.08 0.00 1,115.08 73,092.50
1,115.08 2,230.16 3,345.25 70,330.10
1,115.08 0.00 1,115.08 69,775.84
1,115.08 0.00 1,115.08 69,217.16
1,115.08 0.00 1,115.08 68,654.03
1,115.08 0.00 1,115.08 68,086.40
1,115.08 0.00 1,115.08 67,514.25
1,115.08 2,230.16 3,345.25 64,707.37
1,115.08 0.00 1,115.08 64,108.28
1,115.08 0.00 1,115.08 63,504.40
1,115.08 0.00 1,115.08 62,895.72
1,115.08 0.00 1,115.08 62,282.17
1,115.08 0.00 1,115.08 61,663.74
1,115.08 2,230.16 3,345.25 58,810.21
1,115.08 0.00 1,115.08 58,164.09
1,115.08 0.00 1,115.08 57,512.81
1,115.08 0.00 1,115.08 56,856.35
1,115.08 0.00 1,115.08 56,194.65
1,115.08 0.00 1,115.08 55,527.67
1,115.08 2,230.16 3,345.25 52,625.21
1,115.08 0.00 1,115.08 51,929.77
1,115.08 0.00 1,115.08 51,228.78
1,115.08 0.00 1,115.08 50,522.20
1,115.08 0.00 1,115.08 49,809.99
1,115.08 0.00 1,115.08 49,092.10
1,115.08 2,230.16 3,345.25 46,138.32
1,115.08 0.00 1,115.08 45,391.16
1,115.08 0.00 1,115.08 44,638.03
1,115.08 0.00 1,115.08 43,878.90
1,115.08 0.00 1,115.08 43,113.71
1,115.08 0.00 1,115.08 42,342.43
1,115.08 2,230.16 3,345.25 39,334.82
1,115.08 0.00 1,115.08 38,533.40
1,115.08 0.00 1,115.08 37,725.59
1,115.08 0.00 1,115.08 36,911.34
1,115.08 0.00 1,115.08 36,090.60
1,115.08 0.00 1,115.08 35,263.30
1,115.08 2,230.16 3,345.25 32,199.25
1,115.08 0.00 1,115.08 31,340.93
1,115.08 0.00 1,115.08 30,475.77
1,115.08 0.00 1,115.08 29,603.70
1,115.08 0.00 1,115.08 28,724.69
1,115.08 0.00 1,115.08 27,838.66
1,115.08 2,230.16 3,345.25 24,715.40
1,115.08 0.00 1,115.08 23,797.41
1,115.08 0.00 1,115.08 22,872.09
1,115.08 0.00 1,115.08 21,939.39
1,115.08 0.00 1,115.08 20,999.26
1,115.08 0.00 1,115.08 20,051.63
1,115.08 2,230.16 3,345.25 16,866.28
1,115.08 0.00 1,115.08 15,885.69
1,115.08 0.00 1,115.08 14,897.28
1,115.08 0.00 1,115.08 13,900.99
1,115.08 0.00 1,115.08 12,896.76
1,115.08 0.00 1,115.08 11,884.52
1,115.08 2,230.16 3,345.25 8,634.04
1,115.08 0.00 1,115.08 7,587.81
1,115.08 0.00 1,115.08 6,533.23
1,115.08 0.00 1,115.08 5,470.25
1,115.08 0.00 1,115.08 4,398.79
1,115.08 0.00 1,115.08 3,318.78
1,115.08 2,230.16 3,345.25 0.00
SALDO FIN
1,600.00
1,280.00
960.00
640.00
320.00
0.00
TCEA - TASA DE COSTO EFECTIVO ANUAL
PRESTAMO VEHICULAR 10,000.00
BCP BBVA
TEA 14% 13.25%
COMISION EVALUACIÓN 200 280

GASTOS LEGALES Y NOTARIALES 150 230
SEGURO VEHICULAR 1.50% 1.85%
SEGURO DESGRAVAMEN 0.25% 0.45%
GASTOS LEGALES Y NOTARIALES 150 230
….
TCEA 21% 21.65%
menor tcea
PRESTAMO 10,000.00 COMISION DESEMBOLSO

TEA 14% GASTOS MENSUALES
TEM 1.10% GASTOS LEGALES AL FINAL
PLAZO 5 AÑOS
TCEM 1.4314%
TCEA 18.60%
PERIODO SI INT AMORT CUOTA GASTOS FLUJO REAL

0 -10,000.00 200.00 -9,800.00
1 10,000.00 109.79 118.64 228.43 15.00 243.43
2 9,881.36 108.49 119.94 228.43 15.00 243.43
3 9,761.42 107.17 121.26 228.43 15.00 243.43
4 9,640.17 105.84 122.59 228.43 15.00 243.43
5 9,517.58 104.49 123.93 228.43 15.00 243.43
6 9,393.65 103.13 125.29 228.43 15.00 243.43
7 9,268.35 101.76 126.67 228.43 15.00 243.43
8 9,141.68 100.37 128.06 228.43 15.00 243.43
9 9,013.62 98.96 129.47 228.43 15.00 243.43
10 8,884.15 97.54 130.89 228.43 15.00 243.43
11 8,753.27 96.10 132.32 228.43 15.00 243.43
12 8,620.94 94.65 133.78 228.43 15.00 243.43
13 8,487.16 93.18 135.25 228.43 15.00 243.43
14 8,351.92 91.69 136.73 228.43 15.00 243.43
15 8,215.19 90.19 138.23 228.43 15.00 243.43
16 8,076.95 88.68 139.75 228.43 15.00 243.43
17 7,937.20 87.14 141.28 228.43 15.00 243.43
18 7,795.92 85.59 142.84 228.43 15.00 243.43
19 7,653.09 84.02 144.40 228.43 15.00 243.43
20 7,508.68 82.44 145.99 228.43 15.00 243.43
21 7,362.69 80.83 147.59 228.43 15.00 243.43
22 7,215.10 79.21 149.21 228.43 15.00 243.43
23 7,065.89 77.58 150.85 228.43 15.00 243.43
24 6,915.04 75.92 152.51 228.43 15.00 243.43
25 6,762.53 74.24 154.18 228.43 15.00 243.43
26 6,608.35 72.55 155.87 228.43 15.00 243.43
27 6,452.48 70.84 157.58 228.43 15.00 243.43
28 6,294.89 69.11 159.31 228.43 15.00 243.43
29 6,135.58 67.36 161.06 228.43 15.00 243.43
30 5,974.51 65.59 162.83 228.43 15.00 243.43
31 5,811.68 63.81 164.62 228.43 15.00 243.43
32 5,647.06 62.00 166.43 228.43 15.00 243.43
33 5,480.63 60.17 168.25 228.43 15.00 243.43
34 5,312.38 58.32 170.10 228.43 15.00 243.43
35 5,142.28 56.46 171.97 228.43 15.00 243.43
36 4,970.31 54.57 173.86 228.43 15.00 243.43
37 4,796.45 52.66 175.77 228.43 15.00 243.43
38 4,620.69 50.73 177.70 228.43 15.00 243.43
39 4,442.99 48.78 179.65 228.43 15.00 243.43
40 4,263.34 46.81 181.62 228.43 15.00 243.43
41 4,081.72 44.81 183.61 228.43 15.00 243.43
42 3,898.11 42.80 185.63 228.43 15.00 243.43
43 3,712.48 40.76 187.67 228.43 15.00 243.43
44 3,524.81 38.70 189.73 228.43 15.00 243.43
45 3,335.09 36.62 191.81 228.43 15.00 243.43
46 3,143.28 34.51 193.92 228.43 15.00 243.43
47 2,949.36 32.38 196.05 228.43 15.00 243.43
48 2,753.32 30.23 198.20 228.43 15.00 243.43
49 2,555.12 28.05 200.37 228.43 15.00 243.43
50 2,354.75 25.85 202.57 228.43 15.00 243.43
51 2,152.17 23.63 204.80 228.43 15.00 243.43
52 1,947.37 21.38 207.05 228.43 15.00 243.43
53 1,740.33 19.11 209.32 228.43 15.00 243.43
54 1,531.01 16.81 211.62 228.43 15.00 243.43
55 1,319.39 14.49 213.94 228.43 15.00 243.43
56 1,105.45 12.14 216.29 228.43 15.00 243.43
57 889.16 9.76 218.66 228.43 15.00 243.43
58 670.50 7.36 221.06 228.43 15.00 243.43
59 449.44 4.93 223.49 228.43 15.00 243.43
60 225.95 2.48 225.95 228.43 115.00 343.43
TEC 4% S/ 12,946.31 PRECIO
TEM 0.985% VNA S/ 9,946.31 PRESTAMO
3,000.00 CUOTA INCIAL
PERIODO CUOTA MES CUOTA TRIMES CUOTA ANUAL CUOTA TOT

1 250.00 0.00 0.00 250.00
2 250.00 0.00 0.00 250.00
3 250.00 300.00 0.00 550.00
4 250.00 0.00 0.00 250.00
5 250.00 0.00 0.00 250.00
6 250.00 300.00 0.00 550.00
7 250.00 0.00 0.00 250.00
8 250.00 0.00 0.00 250.00
9 250.00 300.00 0.00 550.00
10 250.00 0.00 0.00 250.00
11 250.00 0.00 0.00 250.00
12 250.00 300.00 1,500.00 2,050.00
13 250.00 0.00 0.00 250.00
14 250.00 0.00 0.00 250.00
15 250.00 300.00 0.00 550.00
16 250.00 0.00 0.00 250.00
17 250.00 0.00 0.00 250.00
18 250.00 300.00 0.00 550.00
19 250.00 0.00 0.00 250.00
20 250.00 0.00 0.00 250.00
21 250.00 300.00 0.00 550.00
22 250.00 0.00 0.00 250.00
23 250.00 0.00 0.00 250.00
24 250.00 300.00 1,500.00 2,050.00
PRESTAMO 9,946.31
TEC 4%
TEM 0.985%
PERIODO SI INT AMORT CUOTA SF

1 9,946.31 397.85 0.00 397.85 9,946.31
2 9,946.31 397.85 0.00 397.85 9,946.31
3 9,946.31 397.85 0.00 0.00 10,344.16
4 10,344.16 413.77 2,586.04 2,999.81 7,758.12
5 7,758.12 310.32 2,586.04 2,896.37 5,172.08
6 5,172.08 206.88 2,586.04 2,792.92 2,586.04
7 2,586.04 103.44 2,586.04 2,689.48 0.00
BANCO EMPRENDEDOR
PRESTAMO 1,500,000.00
TEA 12.5721% TCES 6.63%
TES 6.10% TCEA 13.71%
0 -1,500,000.00 37,500.00 -1,462,500.00
1 1,500,000.00 91,500.00 0.00 91,500.00 250.00 91,750.00
2 1,500,000.00 91,500.00 0.00 91,500.00 250.00 91,750.00
3 1,500,000.00 91,500.00 178,158.35 269,658.35 250.00 269,908.35
4 1,321,841.65 80,632.34 189,026.01 269,658.35 250.00 269,908.35
5 1,132,815.63 69,101.75 200,556.60 269,658.35 250.00 269,908.35
6 932,259.03 56,867.80 212,790.55 269,658.35 250.00 269,908.35
7 719,468.48 43,887.58 225,770.78 269,658.35 250.00 269,908.35
8 493,697.70 30,115.56 239,542.79 269,658.35 250.00 269,908.35
9 254,154.91 15,503.45 254,154.91 269,658.35 250.00 269,908.35
BANCO FINANCIERO
PRESTAMO 1,500,000.00 CUOTA SEMES 95,671.10
TEA 12.36% TCES 6.39%
TES 6.00% TCEA 13.20%
0 -1,500,000.00 45,000.00 -1,455,000.00
1 1,500,000.00 90,000.00 5,671.10 95,671.10 300.00 95,971.10
2 1,494,328.90 89,659.73 6,011.36 95,671.10 300.00 95,971.10
3 1,488,317.54 89,299.05 6,372.05 95,671.10 300.00 95,971.10
4 1,481,945.49 88,916.73 6,754.37 95,671.10 300.00 95,971.10
5 1,475,191.12 88,511.47 7,159.63 95,671.10 300.00 95,971.10
6 1,468,031.49 88,081.89 7,589.21 95,671.10 300.00 95,971.10
7 1,460,442.28 87,626.54 8,044.56 95,671.10 300.00 95,971.10
8 1,452,397.72 87,143.86 8,527.24 95,671.10 300.00 95,971.10
9 1,443,870.48 86,632.23 9,038.87 95,671.10 300.00 95,971.10
10 1,434,831.61 86,089.90 9,581.20 95,671.10 300.00 95,971.10
11 1,425,250.41 85,515.02 10,156.07 95,671.10 300.00 95,971.10
12 1,415,094.34 84,905.66 1,415,094.34 1,500,000.00 300.00 1,500,300.00
ISION DESEMBOLSO 200
OS MENSUALES 15
OS LEGALES AL FINAL 100
SF
9,881.36
9,761.42
9,640.17
9,517.58
9,393.65
9,268.35
9,141.68
9,013.62
8,884.15
8,753.27
8,620.94
8,487.16
8,351.92
8,215.19
8,076.95
7,937.20
7,795.92
7,653.09
7,508.68
7,362.69
7,215.10
7,065.89
6,915.04
6,762.53
6,608.35
6,452.48
6,294.89
6,135.58
5,974.51
5,811.68
5,647.06
5,480.63
5,312.38
5,142.28
4,970.31
4,796.45
4,620.69
4,442.99
4,263.34
4,081.72
3,898.11
3,712.48
3,524.81
3,335.09
3,143.28
2,949.36
2,753.32
2,555.12
2,354.75
2,152.17
1,947.37
1,740.33
1,531.01
1,319.39
1,105.45
889.16
670.50
449.44
225.95
0.00
SF
1,500,000.00
1,500,000.00
1,321,841.65
1,132,815.63
932,259.03
719,468.48
493,697.70
254,154.91
0.00
SF
1,494,328.90
1,488,317.54
1,481,945.49
1,475,191.12
1,468,031.49
1,460,442.28
1,452,397.72
1,443,870.48
1,434,831.61
1,425,250.41
1,415,094.34
0.00
VALOR ACCIÓN 10 Lo deciden los socios al
APORTES NUM ACCIONES PARTICIPACION

SOCIO 1 5,000.00 500.00 25% MINORITARIO
SOCIO 2 12,000.00 1,200.00 60% MAYORITARIO
SOCIO 3 3,000.00 300.00 15% MINORITARIO
20,000.00 2,000.00 100%
6 meses
APORTES NUEVO APORTE

SOCIO 1 5,000.00 3,000.00 CERRADA
SOCIO 2 12,000.00 5,000.00
SOCIO 3 3,000.00 2,000.00 PUBLICA
20,000.00
PRECIO ACCIONES = SUMATORIA VP DE LOS FLUJOS FUTUROS
HOY 100 AÑO

DIV AÑO 1 5 0 -100
PRECIO AÑO 1 110 1 115
TIR Van = 0 RENDIMIENTO 15%
100 = 5/(1+i) + 110/(1+i)
COK 10% AÑO
DIV AÑO 1 4 0 S/ 75.00 VNA
DIV AÑO 2 4.4 1 4
PRECIO AÑO 2 81.95 2 86.35
MERCADO
70 SUBVALUADA Buena opción para comprar
80 SOBREVALUADA
COK 8%
CITIBANK JP MORGAN
AÑO AÑO
0 0
1 2.00 1 4
2 2.50 2 6
3 107.00 3 158
PRECIO ACC 88.94 PRECIO ACC 134.27
PREC MERCADO 80 PREC MERCADO 120
VAN X ACC 8.94 VAN X ACC 14.27

NUM ACC 750.00 NUM ACC 500.00
VAN X PROY 6,701.44 VAN X PROY 7,136.62
COK 15%
NORTE
DIV. ULTI 1.2
AÑO
0 PRECIO = 1.32/(1+15%) + 1.45/(1+15%)^2 + 1.48/(1+15%)^3 + 1.51/(1
1 1.32 PRECIO = 13.17158243431
2 1.45
3 1.48
4 1.51
5 1.59
… …
AÑO FLUJO VP
0
1 1.32 1.32
2 1.45 1.45
3 1.48 1.48
4 1.51 17.37
5 1.59
… … VNA S/ 13.15
VP PERPETUIDAD 15.86
COK 19.35%
DIV ULTIMO 2.54
AÑO FLUJO VP
0
1 3.01 3.0099
2 3.57 3.5667315
3 4.23 4.226576828
4 4.50 4.496655087
5 4.78 26.33 VNA S/ 20.60
6 4.83
VP PERPETUIDAD 26.33150551
RENDIMIENTO 9%
AÑO
PRECIO 96.33
1 5.00
2 109.00
RENDIMIENTO 13.68%
AÑO
PRECIO HOY -95.00
1 108.00
Lo deciden los socios al constituir la empresa
BVL
NYE
48/(1+15%)^3 + 1.51/(1+15%)^4 + (1.59/(15%-5%))/(1+15%)^4
BONO Menos riesgo
INVERTIR EN Depende del riesgo a asumir
ACCIONES Más riesgo
PLAZO 5 años PRINCIPAL

TASA CUPON 7% TNA PERIODO INTERESES CAPITAL
PAGO CUPON ANUAL 1 70
CAPITAL VENCIMIENTO 2 70
YTM 10% TEA 3 70
VALOR NOM 1,000.00 4 70
PRECIO ? 5 70 1,000.00
PRECIO BONO = SUMATORIA VP FLUJOS

PRECIO= VNA S/ 886.28
1 1,000.00 70 0 70.00 1,000.00
2 1,000.00 70 0 70.00 1,000.00
3 1,000.00 70 0 70.00 1,000.00
4 1,000.00 70 0 70.00 1,000.00
5 1,000.00 70 1,000.00 1,070.00 0.00
PLAZO 5 años PERIODO INTERESES CAPITAL

TASA CUPON 7% TNA 0
PAGO CUPON ANUAL 1 70
CAPITAL VENCIMIENTO 2 70
YTM 12.64% ?? 3 70
VALOR NOM 1,000.00 4 70
PRECIO 800 5 70 1,000.00
VNA= S/ 800.00
TIR= 12.64%
BONO
PLAZO 10 AÑOS PERIODO CAPITAL FLUJO
VN 50,000.00 0 0 23,159.67
TASA CUPON CUPON 0 1 0 VNA=
YTM 8% 2 0
PRECIO ? 3 0
4 0
5 0
6 0
7 0
8 0
9 0
10 50,000.00
BONO I
TASA CUPON 8% TNA
PAGO ANUAL
CAPITAL ANUAL VNA= S/ 9,788.81
VN= 10,000.00
YTM= 9% TEA

1 10,000.00 800.00 2,500.00 3,300.00 7,500.00
2 7,500.00 600.00 2,500.00 3,100.00 5,000.00
3 5,000.00 400.00 2,500.00 2,900.00 2,500.00
4 2,500.00 200.00 2,500.00 2,700.00 0.00
10,000.00 100.00
9788.81 X 97.89 BAJO LA PAR MENOR QUE 100
A LA PAR 100
SOBRE LA PAR MAYOR 100
A.
BONO PERIODO SI
PLAZO 5 AÑOS 1 5,000.00
HOY HAN PASADO 2.5 AÑOS 2 5,000.00
TASA CUPON 6% TNA 3 5,000.00
PAGO CUPON SEMESTRAL 4 5,000.00
TASA CUPON 3% TNS 5 5,000.00
VN 5,000.00 6 5,000.00
CAPITAL AMORTIZA 4 CUOTAS IGUALES A PARTIR DEL 4 AÑO 7 5,000.00
HOY SE HA PAGADO EL 5 CUPON 8 3,750.00
9 2,500.00
10 1,250.00
B. YTM 6.61% TEA VNA S/ 4,959.49

3.250% TES
5000 100
4,959.49 X 99.1898
C. YTM 5.58% TEA VNA S/ 5,040.98

2.750% TES
5000 100
5,040.98 X 100.82
A la par: Tasa cupon = YTM
bajo la par: Tasa cupon < YTM
por arriba: Tasa cupon > YTM
FLUJO
70 1000 100
70 S/ 886.28 X
70
70 X= 88.63
1070
USANDO YTM
BAJO LA PAR
FLUJO
-800
70
70
70
70
1070
S/ 23,159.67
BONO II
PLAZO 20 AÑOS
TASA CUPON CUPON 0
CAPITAL VENCIMIENTO
VN= 20,000.00
YTM= 9% TEA
PERIODO CAPITAL VNA= 3,568.62

1
… 20000 100
20 20,000.00 3568.62 x 17.84
INT AMORT CUOTA SF
150 0.00 150.00 5,000.00
150 0.00 150 5,000.00
150 0.00 150 5,000.00
150 0.00 150 5,000.00
150 0.00 150 5,000.00 HOY
150 0.00 150.00 5,000.00
150 1,250.00 1,400.00 3,750.00
112.5 1,250.00 1,362.50 2,500.00
75 1,250.00 1,325.00 1,250.00
37.5 1,250.00 1,287.50 0.00
BAJO LA PAR
SOBRE LA PAR
BAJO LA PAR
SUR
INVERSION 9,500,000.00
WACC 15%
PERIODO INVERSIÓN LIQUIDACIÓN FLUJO CAJA FLUJO CAJA TOT PRD
0 -9,500,000.00 -9,500,000.00
1 1,900,000.00 1,900,000.00 1,652,173.91
2 1,957,000.00 1,957,000.00 1,479,773.16
3 2,015,710.00 2,015,710.00 1,325,362.04
4 2,076,181.30 2,076,181.30 1,187,063.40
5 2,138,466.74 2,138,466.74 1,063,195.91
6 2,202,620.74 2,202,620.74 952,253.73
7 2,202,620.74 2,202,620.74 828,046.72
8 2,202,620.74 2,202,620.74 720,040.63
9 2,202,620.74 2,202,620.74 626,122.28
10 4200000 2,202,620.74 6,402,620.74 1,582,629.93
VAN 1,916,661.71
VAE 381,898.80
PRD AÑO 9
PROGRESO
FINANCIA 3,600,000.00
TEA 12.50% TCEB
TEB 1.982% TCEA
PERIODO SI INT AMORT CUOTA GASTOS
0 -3,600,000.00 36,000.00
1 3,600,000.00 71,368.02 0.00 71,368.02 25.00
2 3,600,000.00 71,368.02 0.00 71,368.02 25.00
3 3,600,000.00 71,368.02 97,410.31 168,778.34 25.00
4 3,502,589.69 69,436.92 99,341.42 168,778.34 25.00
5 3,403,248.27 67,467.53 101,310.81 168,778.34 25.00
6 3,301,937.47 65,459.10 103,319.24 168,778.34 25.00
7 3,198,618.23 63,410.85 105,367.48 168,778.34 25.00
8 3,093,250.75 61,322.00 107,456.34 168,778.34 25.00
9 2,985,794.41 59,191.74 109,586.60 168,778.34 25.00
10 2,876,207.81 57,019.24 111,759.09 168,778.34 25.00
11 2,764,448.72 54,803.68 113,974.66 168,778.34 25.00
12 2,650,474.06 52,544.19 116,234.14 168,778.34 25.00
13 2,534,239.92 50,239.92 118,538.42 168,778.34 25.00
14 2,415,701.50 47,889.96 120,888.38 168,778.34 25.00
15 2,294,813.12 45,493.41 123,284.92 168,778.34 25.00
16 2,171,528.20 43,049.36 125,728.98 168,778.34 25.00
17 2,045,799.22 40,556.85 128,221.49 168,778.34 25.00
18 1,917,577.73 38,014.93 130,763.41 168,778.34 25.00
19 1,786,814.32 35,422.61 133,355.72 168,778.34 25.00
20 1,653,458.60 32,778.91 135,999.43 168,778.34 25.00
21 1,517,459.17 30,082.80 138,695.54 168,778.34 25.00
22 1,378,763.64 27,333.23 141,445.10 168,778.34 25.00
23 1,237,318.53 24,529.16 144,249.17 168,778.34 25.00
24 1,093,069.36 21,669.50 147,108.83 168,778.34 25.00
25 945,960.52 18,753.15 150,025.19 168,778.34 25.00
26 795,935.34 15,778.98 152,999.35 168,778.34 25.00
27 642,935.98 12,745.85 156,032.48 168,778.34 25.00
28 486,903.50 9,652.59 159,125.74 168,778.34 25.00
29 327,777.76 6,498.01 162,280.32 168,778.34 25.00
30 165,497.44 3,280.90 165,497.44 168,778.34 25.00
PRESTAMO 60,000.00
TEM 1.50%
CUOTA 3,270.53

1 60,000.00 900.00 0.00 900.00 60,000.00
2 60,000.00 900.00 0.00 0.00 60,900.00
3 60,900.00 913.50 2,357.03 3,270.53 58,542.97
4 58,542.97 878.14 2,392.39 3,270.53 56,150.58
5 56,150.58 842.26 2,428.27 3,270.53 53,722.31
6 53,722.31 805.83 2,464.70 3,270.53 51,257.61
7 51,257.61 768.86 2,501.67 3,270.53 48,755.94
8 48,755.94 731.34 2,539.19 3,270.53 46,216.75
9 46,216.75 693.25 2,577.28 3,270.53 43,639.47
10 43,639.47 654.59 2,615.94 3,270.53 41,023.53
11 41,023.53 615.35 2,655.18 3,270.53 38,368.35
12 38,368.35 575.53 2,695.01 3,270.53 35,673.34
13 35,673.34 535.10 2,735.43 3,270.53 32,937.91
14 32,937.91 494.07 2,776.46 3,270.53 30,161.45
15 30,161.45 452.42 2,818.11 3,270.53 27,343.34
16 27,343.34 410.15 2,860.38 3,270.53 24,482.96
17 24,482.96 367.24 2,903.29 3,270.53 21,579.67
18 21,579.67 323.70 2,946.84 3,270.53 18,632.83
19 18,632.83 279.49 2,991.04 3,270.53 15,641.79
20 15,641.79 234.63 3,035.91 3,270.53 12,605.89
21 12,605.89 189.09 3,081.44 3,270.53 9,524.44
22 9,524.44 142.87 3,127.67 3,270.53 6,396.78
23 6,396.78 95.95 3,174.58 3,270.53 3,222.20
24 3,222.20 48.33 3,222.20 3,270.53 0.00
TEA 14%
TEM 1.10%
ADQUIRIR
PERIODO PRECIO COMBUSTIBLE REPARACIÓN MANTENIMIENTO SEGURO
0 20,000.00
1 190.00 0.00 0.00 0.00
2 190.00 0.00 300.00 0.00
3 190.00 360.00 0.00 0.00
4 190.00 0.00 307.50 0.00
5 190.00 0.00 0.00 0.00
6 190.00 410.00 315.19 0.00
7 190.00 0.00 0.00 0.00
8 190.00 0.00 323.07 0.00
9 190.00 460.00 0.00 0.00
10 190.00 0.00 331.14 0.00
11 190.00 0.00 0.00 0.00
12 190.00 510.00 339.42 900.00
13 190.00 0.00 0.00 0.00
14 190.00 0.00 347.91 0.00
15 190.00 560.00 0.00 0.00
16 190.00 0.00 356.61 0.00
17 190.00 0.00 0.00 0.00
18 190.00 610.00 365.52 0.00
19 190.00 0.00 0.00 0.00
20 190.00 0.00 374.66 0.00
21 190.00 660.00 0.00 0.00
22 190.00 0.00 384.03 0.00
23 190.00 0.00 0.00 0.00
24 190.00 710.00 393.63 900.00
25 190.00 0.00 0.00 0.00
26 190.00 0.00 403.47 0.00
27 190.00 760.00 0.00 0.00
28 190.00 0.00 413.55 0.00
29 190.00 0.00 0.00 0.00
30 190.00 810.00 423.89 0.00
31 190.00 0.00 0.00 0.00
32 190.00 0.00 434.49 0.00
33 190.00 860.00 0.00 0.00
34 190.00 0.00 445.35 0.00
35 190.00 0.00 0.00 0.00
36 190.00 910.00 456.49 900.00
37 190.00 0.00 0.00 0.00
38 190.00 0.00 467.90 0.00
39 190.00 960.00 0.00 0.00
40 190.00 0.00 479.60 0.00
41 190.00 0.00 0.00 0.00
42 190.00 1,010.00 491.58 0.00
43 190.00 0.00 0.00 0.00
44 190.00 0.00 503.87 0.00
45 190.00 1,060.00 0.00 0.00
46 190.00 0.00 516.47 0.00
47 190.00 0.00 0.00 0.00
48 190.00 1,110.00 529.38 900.00
49 190.00 0.00 0.00 0.00
50 190.00 0.00 542.62 0.00
51 190.00 1,160.00 0.00 0.00
52 190.00 0.00 556.18 0.00
53 190.00 0.00 0.00 0.00
54 190.00 1,210.00 570.09 0.00
55 190.00 0.00 0.00 0.00
56 190.00 0.00 584.34 0.00
57 190.00 1,260.00 0.00 0.00
58 190.00 0.00 598.95 0.00
59 190.00 0.00 0.00 0.00
60 190.00 1,310.00 613.92 900.00
ESTE
INVERSION 10,900,000.00
WACC 15%
PERIODO INVERSIÓN LIQUIDACIÓN FLUJO CAJA
0 -10,900,000.00
-7,847,826.09 1 2,680,000.00
-6,368,052.93 2 2,680,000.00
-5,042,690.89 3 2,680,000.00
-3,855,627.49 4 2,680,000.00
-2,792,431.58 5 2,680,000.00
-1,840,177.85 6 2,680,000.00
-1,012,131.13 7 2,680,000.00
-292,090.50 8 2,680,000.00
334,031.79 9 3,300,000.00 2,680,000.00
1,916,661.71
VAN 2,825,910.86
VAE 592,237.49
PRD AÑO 7
TIR 0.214358150478
DESARROLLO
FINANCIA 4,500,000.00
2.05% TEA 12.20%
12.971% TET 2.920%
FLUJO REAL SF PERIODO SI INT
-3,564,000.00 0
71,393.02 3,600,000.00 1 4,500,000.00 131,383.33
71,393.02 3,600,000.00 2 4,377,927.24 127,819.26
168,803.34 3,502,589.69 3 4,252,290.41 124,151.13
168,803.34 3,403,248.27 4 4,122,985.44 120,375.90
168,803.34 3,301,937.47 5 3,989,905.26 116,490.45
168,803.34 3,198,618.23 6 3,852,939.62 112,491.56
168,803.34 3,093,250.75 7 3,711,975.09 108,375.92
168,803.34 2,985,794.41 8 3,566,894.92 104,140.12
168,803.34 2,876,207.81 9 3,417,578.95 99,780.64
168,803.34 2,764,448.72 10 3,263,903.51 95,293.89
168,803.34 2,650,474.06 11 3,105,741.31 90,676.14
168,803.34 2,534,239.92 12 2,942,961.36 85,923.57
168,803.34 2,415,701.50 13 2,775,428.84 81,032.24
168,803.34 2,294,813.12 14 2,603,004.99 75,998.10
168,803.34 2,171,528.20 15 2,425,547.00 70,816.99
168,803.34 2,045,799.22 16 2,242,907.90 65,484.60
168,803.34 1,917,577.73 17 2,054,936.41 59,996.53
168,803.34 1,786,814.32 18 1,861,476.85 54,348.23
168,803.34 1,653,458.60 19 1,662,368.99 48,535.02
168,803.34 1,517,459.17 20 1,457,447.92 42,552.08
168,803.34 1,378,763.64
168,803.34 1,237,318.53
168,803.34 1,093,069.36
168,803.34 945,960.52
168,803.34 795,935.34
168,803.34 642,935.98
168,803.34 486,903.50
168,803.34 327,777.76
168,803.34 165,497.44
168,803.34 0.00
TEM 1%
CUOTA S/ 3,192.07
16 27,343.34 273.4333855037 S/ 2,918.64 S/ 3,192.07
17 S/ 24,424.70 244.2470067198 S/ 2,947.82 S/ 3,192.07
18 S/ 21,476.88 214.7687641481 S/ 2,977.30 S/ 3,192.07
19 S/ 18,499.57 184.9957391507 S/ 3,007.08 S/ 3,192.07
20 S/ 15,492.50 154.9249839033 S/ 3,037.15 S/ 3,192.07
21 S/ 12,455.35 124.5535211034 S/ 3,067.52 S/ 3,192.07
22 S/ 9,387.83 93.87834367548 S/ 3,098.19 S/ 3,192.07
23 S/ 6,289.64 62.89641447331 S/ 3,129.17 S/ 3,192.07
24 S/ 3,160.47 31.60466597913 S/ 3,160.47 S/ 3,192.07
VAC 48,743.48
CAE S/ 1,113.43 ALQUILER
RESCATE FLUJO TOTAL PERIODO
20,000.00 1
190.00 2
490.00 3
550.00 4
497.50 5
190.00 6
915.19 ALQUILER = ADQUIRIR 7
190.00 DIFERENCIA VAC 8
513.07 8,082.83 9
650.00 10
521.14 PRECIO VEHICULO 11
190.00 11,917.17 12
1,939.42 13
190.00 14
537.91 15
750.00 16
546.61 17
190.00 18
1,165.52 19
190.00 20
564.66 21
850.00 22
574.03 23
190.00 24
2,193.63 25
190.00 26
593.47 27
950.00 28
603.55 29
190.00 30
1,423.89 31
190.00 32
624.49 33
1,050.00 34
635.35 35
190.00 36
2,456.49 37
190.00 38
657.90 39
1,150.00 40
669.60 41
190.00 42
1,691.58 43
190.00 44
693.87 45
1,250.00 46
706.47 47
190.00 48
2,729.38 49
190.00 50
732.62 51
1,350.00 52
746.18 53
190.00 54
1,970.09 55
190.00 56
774.34 57
1,450.00 58
788.95 59
190.00 60
-6,000.00 -2,986.08
FLUJO CAJA TOT PRD
-10,900,000.00
2,680,000.00 2,330,434.78 -8,569,565.22
2,680,000.00 2,026,465.03 -6,543,100.19
2,680,000.00 1,762,143.50 -4,780,956.69
2,680,000.00 1,532,298.70 -3,248,657.99
2,680,000.00 1,332,433.65 -1,916,224.34
2,680,000.00 1,158,637.96 -757,586.38
2,680,000.00 1,007,511.27 249,924.89
2,680,000.00 876,096.75 1,126,021.64
5,980,000.00 1,699,889.22 2,825,910.86
CUOTA 253,456.09
TCET 3.02%
TCEA 12.651%
AMORT CUOTA GASTOS FLUJO REAL SF
-4,500,000.00 49,500.00 -4,450,500.00
122,072.76 253,456.09 35.00 253,491.09 4,377,927.24
125,636.83 253,456.09 35.00 253,491.09 4,252,290.41
129,304.96 253,456.09 35.00 253,491.09 4,122,985.44
133,080.19 253,456.09 35.00 253,491.09 3,989,905.26
136,965.64 253,456.09 35.00 253,491.09 3,852,939.62
140,964.53 253,456.09 35.00 253,491.09 3,711,975.09
145,080.17 253,456.09 35.00 253,491.09 3,566,894.92
149,315.97 253,456.09 35.00 253,491.09 3,417,578.95
153,675.44 253,456.09 35.00 253,491.09 3,263,903.51
158,162.20 253,456.09 35.00 253,491.09 3,105,741.31
162,779.95 253,456.09 35.00 253,491.09 2,942,961.36
167,532.52 253,456.09 35.00 253,491.09 2,775,428.84
172,423.85 253,456.09 35.00 253,491.09 2,603,004.99
177,457.99 253,456.09 35.00 253,491.09 2,425,547.00
182,639.10 253,456.09 35.00 253,491.09 2,242,907.90
187,971.49 253,456.09 35.00 253,491.09 2,054,936.41
193,459.56 253,456.09 35.00 253,491.09 1,861,476.85
199,107.86 253,456.09 35.00 253,491.09 1,662,368.99
204,921.07 253,456.09 35.00 253,491.09 1,457,447.92
1,457,447.92 1,500,000.00 35.00 1,500,035.00 0.00
SALDO FIN
S/ 24,424.70
S/ 21,476.88
S/ 18,499.57
S/ 15,492.50
S/ 12,455.35
S/ 9,387.83
S/ 6,289.64
S/ 3,160.47
S/ 0.00
VAC
ALQUILER COMBUSTIBLE RECORRIDO FLUJO TOTAL CAE
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 900.00 1,650.00
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 945.00 1,695.00
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 992.25 1,742.25
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 1,041.86 1,791.86
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 1,093.96 1,843.96
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 1,148.65 1,898.65
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 1,206.09 1,956.09
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 1,266.39 2,016.39
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 1,329.71 2,079.71
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 0.00 750.00
550.00 200.00 1,396.20 2,146.20
40,660.65
S/ 928.79 MENOR CAE
CONO SUR
CAJA LIBRE WACC 14%
PERIODO INVERSIÓN LIQUIDACIÓN FLUJO CAJA FLUJO CAJA TOT PRD
0 -980,000.00 -980,000.00
1 200,000.00 200,000.00 175,438.60
2 210,000.00 210,000.00 161,588.18
3 220,500.00 220,500.00 148,831.22
4 231,525.00 231,525.00 137,081.39
5 243,101.25 243,101.25 126,259.17
6 243,101.25 243,101.25 110,753.66
7 243,101.25 243,101.25 97,152.33
8 243,101.25 243,101.25 85,221.34
9 243,101.25 243,101.25 74,755.57
10 400,000.00 243,101.25 643,101.25 173,472.58
VAN 310,554.04
VAE 59,537.41
INVERSION 1,100,000.00
PROGRESO
FINANCIA 770,000.00 PRESTAMO
TEA 12.30% TCA
TEB 1.95% TCEB
PERIODO SI INT AMORT CUOTA GASTOS
0 -770,000.00 10,010.00
1 770,000.00 15,031.98 0.00 0.00 0.00
2 785,031.98 15,325.44 0.00 0.00 0.00
3 800,357.42 15,624.62 0.00 0.00 0.00
4 815,982.05 15,929.65 23,240.61 39,170.26 15.00
5 792,741.44 15,475.94 23,694.32 39,170.26 15.00
6 769,047.12 15,013.38 24,156.88 39,170.26 15.00
7 744,890.24 14,541.79 24,628.47 39,170.26 15.00
8 720,261.77 14,060.99 25,109.27 39,170.26 15.00
9 695,152.51 13,570.81 25,599.45 39,170.26 15.00
10 669,553.05 13,071.05 26,099.21 39,170.26 15.00
11 643,453.85 12,561.54 26,608.72 39,170.26 15.00
12 616,845.13 12,042.09 27,128.17 39,170.26 15.00
13 589,716.96 11,512.49 27,657.77 39,170.26 15.00
14 562,059.19 10,972.55 28,197.71 39,170.26 15.00
15 533,861.48 10,422.07 28,748.18 39,170.26 15.00
16 505,113.30 9,860.85 29,309.41 39,170.26 15.00
17 475,803.89 9,288.67 29,881.59 39,170.26 15.00
18 445,922.30 8,705.32 30,464.94 39,170.26 15.00
19 415,457.36 8,110.58 31,059.68 39,170.26 15.00
20 384,397.68 7,504.23 31,666.03 39,170.26 15.00
21 352,731.66 6,886.05 32,284.21 39,170.26 15.00
22 320,447.45 6,255.79 32,914.47 39,170.26 15.00
23 287,532.98 5,613.24 33,557.02 39,170.26 15.00
24 253,975.96 4,958.13 34,212.13 39,170.26 15.00
25 219,763.83 4,290.24 34,880.02 39,170.26 15.00
26 184,883.82 3,609.31 35,560.95 39,170.26 15.00
27 149,322.87 2,915.09 36,255.17 39,170.26 15.00
28 113,067.70 2,207.31 36,962.94 39,170.26 15.00
29 76,104.75 1,485.72 37,684.54 39,170.26 15.00
30 38,420.22 750.04 38,420.22 39,170.26 15.00
CREDITO 40,000.00
PRESTAMO 20,000.00
CUOTA 741.64
TEM 0.95%

1 20,000.00 190.00 0.00 0.00 20,190.00
2 20,190.00 191.81 0.00 0.00 20,381.81
3 20,381.81 193.63 0.00 193.63 20,381.81
4 20,381.81 193.63 0.00 193.63 20,381.81
5 20,381.81 193.63 548.01 741.64 19,833.79
6 19,833.79 188.42 553.22 741.64 19,280.57
7 19,280.57 183.17 558.47 741.64 18,722.10
8 18,722.10 177.86 563.78 741.64 18,158.32
9 18,158.32 172.50 569.14 741.64 17,589.18
10 17,589.18 167.10 574.54 741.64 17,014.64
11 17,014.64 161.64 580.00 741.64 16,434.64
12 16,434.64 156.13 585.51 741.64 15,849.13
13 15,849.13 150.57 591.07 741.64 15,258.05
14 15,258.05 144.95 596.69 741.64 14,661.36
15 14,661.36 139.28 602.36 741.64 14,059.01
16 14,059.01 133.56 608.08 741.64 13,450.93
17 13,450.93 127.78 613.86 741.64 12,837.07
18 12,837.07 121.95 619.69 741.64 12,217.38
19 12,217.38 116.07 625.58 741.64 11,591.81
20 11,591.81 110.12 631.52 741.64 10,960.29
21 10,960.29 104.12 637.52 741.64 10,322.77
22 10,322.77 98.07 643.57 741.64 9,679.20
23 9,679.20 91.95 649.69 741.64 9,029.51
24 9,029.51 85.78 655.86 741.64 8,373.65
25 8,373.65 79.55 662.09 741.64 7,711.56
26 7,711.56 73.26 668.38 741.64 7,043.18
27 7,043.18 66.91 674.73 741.64 6,368.45
28 6,368.45 60.50 681.14 741.64 5,687.31
29 5,687.31 54.03 687.61 741.64 4,999.70
30 4,999.70 47.50 694.14 741.64 4,305.55
31 4,305.55 40.90 700.74 741.64 3,604.82
32 3,604.82 34.25 707.39 741.64 2,897.42
33 2,897.42 27.53 714.11 741.64 2,183.31
34 2,183.31 20.74 720.90 741.64 1,462.41
35 1,462.41 13.89 727.75 741.64 734.66
36 734.66 6.98 734.66 741.64 0.00
ADQUISICIÓN
TEA 16%
TEM 1.24%
PERIODO PRECIO COMBUSTIBLE GASTO MANTENIMEINTO SEGURO
0 32,000.00
1 180.00 0.00 0.00 0.00
2 180.00 320.00 0.00 0.00
3 180.00 0.00 300.00 0.00
4 180.00 320.00 0.00 0.00
5 180.00 0.00 0.00 0.00
6 180.00 320.00 306.00 0.00
7 180.00 0.00 0.00 0.00
8 180.00 320.00 0.00 0.00
9 180.00 0.00 312.12 0.00
10 180.00 320.00 0.00 0.00
11 180.00 0.00 0.00 0.00
12 180.00 320.00 318.36 1,300.00
13 180.00 0.00 0.00 0.00
14 180.00 320.00 0.00 0.00
15 180.00 0.00 324.73 0.00
16 180.00 320.00 0.00 0.00
17 180.00 0.00 0.00 0.00
18 180.00 320.00 331.22 0.00
19 180.00 0.00 0.00 0.00
20 180.00 320.00 0.00 0.00
21 180.00 0.00 337.85 0.00
22 180.00 320.00 0.00 0.00
23 180.00 0.00 0.00 0.00
24 180.00 320.00 344.61 1,300.00
25 180.00 0.00 0.00 0.00
26 180.00 320.00 0.00 0.00
27 180.00 0.00 351.50 0.00
28 180.00 320.00 0.00 0.00
29 180.00 0.00 0.00 0.00
30 180.00 320.00 358.53 0.00
31 180.00 0.00 0.00 0.00
32 180.00 320.00 0.00 0.00
33 180.00 0.00 365.70 0.00
34 180.00 320.00 0.00 0.00
35 180.00 0.00 0.00 0.00
36 180.00 320.00 373.01 1,300.00
37 180.00 0.00 0.00 0.00
38 180.00 320.00 0.00 0.00
39 180.00 0.00 380.47 0.00
40 180.00 320.00 0.00 0.00
41 180.00 0.00 0.00 0.00
42 180.00 320.00 388.08 0.00
43 180.00 0.00 0.00 0.00
44 180.00 320.00 0.00 0.00
45 180.00 0.00 395.84 0.00
46 180.00 320.00 0.00 0.00
47 180.00 0.00 0.00 0.00
48 180.00 320.00 403.76 1,300.00
49 180.00 0.00 0.00 0.00
50 180.00 320.00 0.00 0.00
51 180.00 0.00 411.84 0.00
52 180.00 320.00 0.00 0.00
53 180.00 0.00 0.00 0.00
54 180.00 320.00 420.07 0.00
55 180.00 0.00 0.00 0.00
56 180.00 320.00 0.00 0.00
57 180.00 0.00 428.47 0.00
58 180.00 320.00 0.00 0.00
59 180.00 0.00 0.00 0.00
60 180.00 320.00 437.04 1,300.00
CONO ESTE
CAJA LIBRE WACC 14%
0 -1,100,000.00 -1,100,000.00
-804,561.40 1 265,000.00 265,000.00
-642,973.22 2 265,000.00 265,000.00
-494,142.00 3 265,000.00 265,000.00
-357,060.62 4 265,000.00 265,000.00
-230,801.45 5 265,000.00 265,000.00
-120,047.79 6 265,000.00 265,000.00
-22,895.45 7 265,000.00 265,000.00
62,325.89 8 265,000.00 265,000.00
137,081.46 9 565,000.00 565,000.00
310,554.04
VAN 303,040.92
VAE 61,265.29
PRD: 7 AÑOS
TIR: 0.206977
DESARROLLO
FINANCIA 880,000.00
12.876% TEA 12.683%
2.039% TET 3.03%
FLUJO REAL SF PERIODO SI INT
-759,990.00 0
0.00 785,031.98 1 880,000.00 26,664.88
0.00 800,357.42 2 850,844.57 25,781.44
0.00 815,982.05 3 820,805.71 24,871.23
39,185.26 792,741.44 4 789,856.63 23,933.45
39,185.26 769,047.12 5 757,969.77 22,967.24
39,185.26 744,890.24 6 725,116.71 21,971.76
39,185.26 720,261.77 7 691,268.16 20,946.12
39,185.26 695,152.51 8 656,393.97 19,889.39
39,185.26 669,553.05 9 620,463.06 18,800.65
39,185.26 643,453.85 10 583,443.40 17,678.92
39,185.26 616,845.13 11 545,302.01 16,523.20
39,185.26 589,716.96 12 506,004.90 15,332.45
39,185.26 562,059.19 13 465,517.05 14,105.63
39,185.26 533,861.48 14 423,802.37 12,841.64
39,185.26 505,113.30 15 380,823.70 11,539.34
39,185.26 475,803.89 16 336,542.73 10,197.58
39,185.26 445,922.30 17 290,920.01 8,815.17
39,185.26 415,457.36 18 243,914.87 7,390.86
39,185.26 384,397.68 19 195,485.43 5,923.40
39,185.26 352,731.66 20 145,588.52 4,411.48
39,185.26 320,447.45
39,185.26 287,532.98
39,185.26 253,975.96
39,185.26 219,763.83
39,185.26 184,883.82
39,185.26 149,322.87
39,185.26 113,067.70
39,185.26 76,104.75
39,185.26 38,420.22
39,185.26 0.00
C. SALDO = R 1-(1+I)^-n
i
USAR CALCULADORA CON FUNCIÓN SOLVE
n= 22.76
TEM 1.1%
21 10,960.29 120.56317345 630.25 750.82
22 10,330.03 113.63036975 637.19 750.82
23 9,692.85 106.62130521 644.20 750.82
24 9,048.65 99.535140961 651.28 750.82
25 8,397.37 92.371028905 658.45 750.82
26 7,738.92 85.128111617 665.69 750.82
27 7,073.23 77.805522238 673.01 750.82
28 6,400.22 70.402384376 680.42 750.82
29 5,719.80 62.917811998 687.90 750.82
30 5,031.90 55.350909324 695.47 750.82
31 4,336.43 47.70077072 703.12 750.82
32 3,633.32 39.966480591 710.85 750.82
33 2,922.46 32.147113272 718.67 750.82
34 2,203.79 24.241732911 726.58 750.82
35 1,477.22 16.249393367 734.57 750.82
36 742.65 8.1691380874 742.65 750.82
ALQUILER
VAC 50,886.37
CAE 1,208.83
RESCATE FLUJO TOTAL PERIODO ALQUILER COMBUSTIBLE
32,000.00 1 750.00 200.00
180.00 2 750.00 200.00
500.00 3 750.00 200.00
480.00 4 750.00 200.00
500.00 5 750.00 200.00
180.00 6 750.00 200.00
806.00 7 750.00 200.00
180.00 8 750.00 200.00
500.00 9 750.00 200.00
492.12 10 750.00 200.00
500.00 11 750.00 200.00
180.00 12 750.00 200.00
2,118.36 13 750.00 200.00
180.00 14 750.00 200.00
500.00 15 750.00 200.00
504.73 16 750.00 200.00
500.00 17 750.00 200.00
180.00 18 750.00 200.00
831.22 19 750.00 200.00
180.00 20 750.00 200.00
500.00 21 750.00 200.00
517.85 22 750.00 200.00
500.00 23 750.00 200.00
180.00 24 750.00 200.00
2,144.61 25 750.00 200.00
180.00 26 750.00 200.00
500.00 27 750.00 200.00
531.50 28 750.00 200.00
500.00 29 750.00 200.00
180.00 30 750.00 200.00
858.53 31 750.00 200.00
180.00 32 750.00 200.00
500.00 33 750.00 200.00
545.70 34 750.00 200.00
500.00 35 750.00 200.00
180.00 36 750.00 200.00
2,173.01 37 750.00 200.00
180.00 38 750.00 200.00
500.00 39 750.00 200.00
560.47 40 750.00 200.00
500.00 41 750.00 200.00
180.00 42 750.00 200.00
888.08 43 750.00 200.00
180.00 44 750.00 200.00
500.00 45 750.00 200.00
575.84 46 750.00 200.00
500.00 47 750.00 200.00
180.00 48 750.00 200.00
2,203.76 49 750.00 200.00
180.00 50 750.00 200.00
500.00 51 750.00 200.00
591.84 52 750.00 200.00
500.00 53 750.00 200.00
180.00 54 750.00 200.00
920.07 55 750.00 200.00
180.00 56 750.00 200.00
500.00 57 750.00 200.00
608.47 58 750.00 200.00
500.00 59 750.00 200.00
180.00 60 750.00 200.00
-9,600.00 -7,362.96
PRD
232,456.14 -867,543.86
203,908.90 -663,634.96
178,867.45 -484,767.51
156,901.27 -327,866.24
137,632.70 -190,233.54
120,730.44 -69,503.11
105,903.89 36,400.78
92,898.15 129,298.93
173,741.99 303,040.92
CUOTAS 55,820.31
TCA 13.237%
TECT 3.157%
AMORT CUOTA GASTOS FLUJO REAL SF
-880,000.00 10,560.00 -869,440.00
29,155.43 55,820.31 20.00 55,840.31 850,844.57
30,038.87 55,820.31 20.00 55,840.31 820,805.71
30,949.07 55,820.31 20.00 55,840.31 789,856.63
31,886.86 55,820.31 20.00 55,840.31 757,969.77
32,853.07 55,820.31 20.00 55,840.31 725,116.71
33,848.55 55,820.31 20.00 55,840.31 691,268.16
34,874.19 55,820.31 20.00 55,840.31 656,393.97
35,930.91 55,820.31 20.00 55,840.31 620,463.06
37,019.66 55,820.31 20.00 55,840.31 583,443.40
38,141.39 55,820.31 20.00 55,840.31 545,302.01
39,297.11 55,820.31 20.00 55,840.31 506,004.90
40,487.85 55,820.31 20.00 55,840.31 465,517.05
41,714.68 55,820.31 20.00 55,840.31 423,802.37
42,978.67 55,820.31 20.00 55,840.31 380,823.70
44,280.97 55,820.31 20.00 55,840.31 336,542.73
45,622.73 55,820.31 20.00 55,840.31 290,920.01
47,005.14 55,820.31 20.00 55,840.31 243,914.87
48,429.44 55,820.31 20.00 55,840.31 195,485.43
49,896.90 55,820.31 20.00 55,840.31 145,588.52
145,588.52 150,000.00 20.00 150,020.00 0.00
SALDO FIN
10,330.03
9,692.85
9,048.65
8,397.37
7,738.92
7,073.23
6,400.22
5,719.80
5,031.90
4,336.43
3,633.32
2,922.46
2,203.79
1,477.22
742.65
0.00
VAC 47,963.19
CAE 1,139.38
RECORRDIO FLUJO TOTAL
0.00 950.00
0.00 950.00
0.00 950.00
0.00 950.00
0.00 950.00
1,000.00 1,950.00
0.00 950.00
0.00 950.00
0.00 950.00
0.00 950.00
0.00 950.00
1,040.00 1,990.00
0.00 950.00
0.00 950.00
0.00 950.00
0.00 950.00
0.00 950.00
1,081.60 2,031.60
0.00 950.00
0.00 950.00
0.00 950.00
0.00 950.00
0.00 950.00
1,124.86 2,074.86
0.00 950.00
0.00 950.00
0.00 950.00
0.00 950.00
0.00 950.00
1,169.86 2,119.86
0.00 950.00
0.00 950.00
0.00 950.00
0.00 950.00
0.00 950.00
1,216.65 2,166.65
0.00 950.00
0.00 950.00
0.00 950.00
0.00 950.00
0.00 950.00
1,265.32 2,215.32
0.00 950.00
0.00 950.00
0.00 950.00
0.00 950.00
0.00 950.00
1,315.93 2,265.93
0.00 950.00
0.00 950.00
0.00 950.00
0.00 950.00
0.00 950.00
1,368.57 2,318.57
0.00 950.00
0.00 950.00
0.00 950.00
0.00 950.00
0.00 950.00
1,423.31 2,373.31

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DEPOSITO 5000 DEPOSITO 5000

TNA 10% TEA 10% 0.008333333

TASA CHICA A GRANDE

TNA 3%*(12/3) 12.00% TNM 3%*(1/3) 1%

TNS 3%*(6/3) 6.00% TNQ 3%*(4/3) 4%

TNC 3%*(4/3) 4.00% TN SEMANALPrimero cambiar a TNA

TNB 3%*(2/3) 2.00% TND 3%*(1/90) 0.033%

TN 73 DIAS 3%*(73/90) 2.43%

CONVERSION DE TASAS EFECTIVA FORMULA [(1+i)^n]-1 n= tiempo que busco / tiemp

TEA 15.763% TEM 1.23%

TES 7.593% TEQ 0.61%

TEB 2.470% TED 0.04%

TE 217 DIAS 9.22%

TASA NOMINAL TRIMESTRAL 4% CON CAPITALIZACIÓN SEMESTRAL =

1 er metodo: Tasa Periódica #veces capitaliza al año

TNT 4% ------ TES 8.00% TES

2do metodo: Fórmula

TNT 6% CAPITALIZA DIARIAMENTE ----- TEM

CONTROL TNA 36%

TNA 36% M=3 TNA

TNB M=2 TES

TNT M=6 TEB

n= tiempo que busco / tiempo que tengo tasa

TASA EFECTIVA SEMESTRAL

------- TEC 12%

METODO ARRASTRE DINERO

0 --> 3 1000(1+0.6667%)^3 1020.13 -200 820.13

3 --> 5 820.13 831.11

5 --> 6 831.11 839.46 800 1639.46

6--> 10 1639.46 1706.35

0 --> 10 1000*(1+0.6667%)^5*(1+0.333%)^5 1086.77477

T4 TNA 5.60% m 360

b. No alcanza 13500 = 9839.240999 * (1+ 0.937%)^n

c. INTERESES PARA CUENTA DE AHORRO = SALDO FINAL - DEPÓSITOS + RETIROS

13500 = 11842.31 (1+ TNA ) ^360*12/6

CONTROL VIRTUAL 0-->6 212304.03

0-->6 TET 3.000% 6-->12 182444.72

24-->36 TEA 11.351% 30-->36 286007.741

TASA PASIVA Interes te paga el banco Ahorro

RETIRO 42460.806 169843.224

RETIRO 61028.2683 244113.073

RETIRO 57201.5482 228806.193

T2 TEM 0.25% TEM 0.25%

0-->9 (3X)(1+6%)^(12/12)*(1+4.5%)^(15/12) = 3.35487X

4-->9 (-5000)*(1+4.5%)^(15/12) = -5282.81

6-->9 (3X)(1+4.5%)^(9/12) = 3.10069X

8-->9 (5000)*(1+4.5%)^(3/12) = 5055.32

6-->7 3z*(1+4.5%)^(1/4) = 3.03319x

150000 150000 150000

150000 + 150000 + 150000 = 318153.16 Factor

x 1.2X 1.44X = 2500

Empresa seguridad Ventas Contado

40500 25% X= 121,500.00

A. Anualidades simples, Cuotas constantes, Rentas uniformes

121,500.00 = X 1-(1+9%)^-3 Renta (Cuota)

Los pagos tienen que ser iguales

Los pagos en el mismo periodo

1 sola tasa de interés

TEA 13.25% = TEM 1.0423%

S1= 25000* (1+1.0423%)^(6)-1 S2= 13000* (1+1.0423%)^(6)-1

S1= 174,363.52 al mes 18 S2= 80060.9529 al mes 18

Por lo tanto el Sr. Suarez tendrá 254,424.47

TNA 3%(12/3) 12.00% TNM 3%(1/3) 1%

TNS 3%(6/3) 6.00% TNQ 3%(4/3) 4%

TNB 3%(2/3) 2.00% TND 3%(1/90) 0.033%

0 --> 10 1000(1+0.6667%)^5(1+0.333%)^5 1086.77477