Valor actual $72,000.

00
TEA 22%  i  (1  i ) n 
TEM (i) 1.6709% R  VA   n 
n 30 meses  (1  i )  1
R = 3071.15

R=

Pago Interés Amortización Saldo Deudor

Fecha k
(R) (I) (A) (SD)
0 $0.00 $72,000.00
1 $3,071.15 $1,203.05 $1,868.11 $70,131.89
2 $3,071.15 $1,171.83 $1,899.32 $68,232.57
3 $3,071.15 $1,140.10 $1,931.06 $66,301.51
4 $3,071.15 $1,107.83 $1,963.32 $64,338.19
5 $3,071.15 $1,075.02 $1,996.13 $62,342.06
6 $3,071.15 $1,041.67 $2,029.48 $60,312.58
7 $3,071.15 $1,007.76 $2,063.39 $58,249.19
8 $3,071.15 $973.28 $2,097.87 $56,151.32
9 $3,071.15 $938.23 $2,132.92 $54,018.40
10 $3,071.15 $902.59 $2,168.56 $51,849.83
11 $3,071.15 $866.36 $2,204.80 $49,645.04
12 $3,071.15 $829.52 $2,241.64 $47,403.40
RK IK = i*SDk-1 AK = RK - Ik SDK = SDK-1 - Ak

TEA 18.0% R  (1  i )n  (1  g )n 
VA   
TEB 2.7970% i (1  i )n  (1  i )  (1  g ) 
Valor actual $47,403.40 VA R = VA*(1+i)n/[]
Valor futuro --- VF
Primera cuota (R$4,016.85
1) R
Última cuota (Rn)$5,560.26 Rn
Var. % periódi 3% g
Cant. Periodos 12 n

(1+i)n-(1+g)n -0.03336 Num R=

Cociente
(1+i)-(1+g) -0.00203 Den
16.43190425

Pago Interés Amortización Saldo Deudor

Fecha k
(R) (I) (A) (SD)
0 $0.00 $47,403.40
1 $4,016.85 $1,325.86 $2,690.99 $44,712.41
2 $4,137.36 $1,250.60 $2,886.76 $41,825.65
3 $4,261.48 $1,169.85 $3,091.62 $38,734.03
 4 $4,389.32 $1,083.38 $3,305.94 $35,428.09
5 $4,521.00 $990.91 $3,530.09 $31,898.01
RK IK = i*SDk-1 AK = RK - Ik SDK = SDK-1 - Ak

Valor actual $31,898.01

TEA 18%
TET (i) 4.2247%
n 3 TRIMESTRES

Pago Interés Amortización Saldo Deudor

Fecha k
(R) (I) (A) (SD)
0 $31,898.01
1 $11,980.25 $1,347.58 $10,632.67 $21,265.34
2 $11,531.06 $898.39 $10,632.67 $10,632.67
3 $11,081.86 $449.19 $10,632.67 $0.00
 1. Se adquirió un préstamo por un monto de $ 72000, a una TEA de 22%, y se pactó
que se pagarían cuotas uniformes en forma mensual, periodo vencido, durante 30
meses. Luego de 12 meses se realizó una reprogramación de la deuda, de tal forma
que el saldo deudor se cancelaría en un tiempo total de 2 años, mediante cuotas
bimestrales vencidas a una TEA de 18%, donde las cuotas seguirían un gradiente
$3,071.15 geométrico creciente (g = 3%). Para el saldo deudor, cuando aún quedaban
pendientes las últimas 7 cuotas, se realizó una nueva renegociación, manteniendo el
valor de la TEA, para cancelar dicho saldo en 3 cuotas trimestrales vencidas, mediante
Deuda Extinguida un sistema alemán (amortización constante). Elabore la tabla de servicio de deuda
(DE) asociada al presente caso.

$1,868.11
$3,767.43
$5,698.49 ) 19%, (B) 36, (C) 6, (D) 17%, (E) 6%, (F) 8, (G) 4
$7,661.81
$9,657.94
$11,687.42
$13,750.81
$15,848.68
$17,981.60
$20,150.17
$22,354.96
$24,596.60
DEK = DEK-1 + Ak

 (1  g ) n 
)  (1  g ) 
/[]

$4,016.85

Deuda Extinguida
(DE)
$24,596.60
$27,287.59
$30,174.35
$33,265.97
 $36,571.91
$40,101.99
DEK = DEK-1 + Ak

$10,632.67

Deuda Extinguida
(DE)
$40,101.99
$50,734.66
$61,367.33
$72,000.00
Valor actual $80,000.00
TEA 21%  i  (1  i ) n 
TEt (i) 4.8809% R  VA   n 
n 20 cuotas  (1  i )  1
R = 6354.73
5 años
60 meses
20 trimestres/cuotas R= $6,354.73

Saldo Deuda
Pago Interés Amortización
Fecha k Deudor Extinguida
(R) (I) (A)
(SD) (DE)
0 $0.00 $80,000.00
1 $6,354.73 $3,904.71 $2,450.02 $77,549.98 $2,450.02
2 $6,354.73 $3,785.12 $2,569.61 $74,980.37 $5,019.63
3 $6,354.73 $3,659.71 $2,695.03 $72,285.34 $7,714.66
4 $6,354.73 $3,528.16 $2,826.57 $69,458.77 $10,541.23
5 $6,354.73 $3,390.20 $2,964.53 $66,494.24 $13,505.76
6 $6,354.73 $3,245.51 $3,109.22 $63,385.02 $16,614.98
RK IK = i*SDk-1 AK = RK - Ik SDK = SDK-1 - AkDEK = DEK-1 + Ak

TEA 16.0%
TEM 1.2445% i
 (1  i ) n  1  G  (1  i )n  1 n 
VA  R   n 
  
Valor actual $63,385 VA  i  (1  i )  i  i  (1  i )
n
(1  i )n 
Valor futuro --- VF VA = R*FASi,n+G*FASGi,n
Primera cuota (R$1,435.11
1) R R = (VA - G*FASGi,n)/FAS
Última cuota (Rn$4,885.11
) Rn
Gradiente $150.00 G
Cant. Periodo 24 n meses/cuotas
FASi,n 20.63755 FAS
FASGi,n 225.11890 FASG
R= $1,435.11

Pago Interés Amortización Saldo Deuda

Fecha k Deudor Extinguida
(R) (I) (A)
(SD) (DE)
0 $63,385.02 $16,614.98
1 $1,435.11 $788.84 $646.28 $62,738.74 $17,261.26
2 $1,585.11 $780.79 $804.32 $61,934.42 $18,065.58
3 $1,735.11 $770.78 $964.33 $60,970.09 $19,029.91
4 $1,885.11 $758.78 $1,126.33 $59,843.76 $20,156.24
5 $2,035.11 $744.76 $1,290.35 $58,553.42 $21,446.58
6 $2,185.11 $728.71 $1,456.41 $57,097.01 $22,902.99
7 $2,335.11 $710.58 $1,624.53 $55,472.48 $24,527.52
8 $2,485.11 $690.36 $1,794.75 $53,677.73 $26,322.27
9 $2,635.11 $668.03 $1,967.09 $51,710.64 $28,289.36
10 $2,785.11 $643.55 $2,141.57 $49,569.08 $30,430.92
11 $2,935.11 $616.89 $2,318.22 $47,250.86 $32,749.14
12 $3,085.11 $588.04 $2,497.07 $44,753.79 $35,246.21
 13 $3,235.11 $556.97 $2,678.14 $42,075.65 $37,924.35
14 $3,385.11 $523.64 $2,861.47 $39,214.17 $40,785.83
15 $3,535.11 $488.03 $3,047.09 $36,167.09 $43,832.91
RK IK = i*SDk-1 AK = RK - Ik SDK = SDK-1 - AkDEK = DEK-1 + Ak

Valor actual $36,167.09

TEA 16%
TEB (i) 2.5045%
n 5 BIMESTRES/cuotas

I $905.81

Saldo Deuda
Pago Interés Amortización
Fecha k Deudor Extinguida
(R) (I) (A)
(SD) (DE)
0 $36,167.09 $43,832.91
1 $905.81 $905.81 $0.00 $36,167.09 $43,832.91
2 $905.81 $905.81 $0.00 $36,167.09 $43,832.91
3 $905.81 $905.81 $0.00 $36,167.09 $43,832.91
4 $905.81 $905.81 $0.00 $36,167.09 $43,832.91
5 $37,072.90 $905.81 $36,167.09 $0.00 $80,000.00
RK = Ak + IK IK = i*SD0 Todo al final SDK = SDK-1 - AkDEK = DEK-1 + Ak
Valor actual $30,000.00
TEA 15%  i  (1  i )n m 
m
R  VA  (1  i )  
TEM (i)
n
1.1715%
9 meses  (1  i )
n m
 1
m 3 meses R = 5392.15
npagos 6
VAk=3 =
R=

Pago Interés Amortización Saldo Deudor

Fecha k
(R) (I) (A) (SD)
0 $0.00 $30,000.00
1 $351.45 -$351.45 $30,351.45
2 $355.56 -$355.56 $30,707.01
3 $359.73 -$359.73 $31,066.74
4 $5,392.15 $363.94 $5,028.21 $26,038.54
5 $5,392.15 $305.04 $5,087.11 $20,951.42
6 $5,392.15 $245.44 $5,146.71 $15,804.72
7 $5,392.15 $185.15 $5,207.00 $10,597.71
8 $5,392.15 $124.15 $5,268.00 $5,329.71
9 $5,392.15 $62.44 $5,329.71 $0.00
RK IK = i*SDk-1 AK = RK - Ik SDK = SDK-1 - Ak
 Ejercicio 2
VA(k=3) = $ 31066.74
VA= 30,000
15% TEA

Valor capitalizado
$31,066.74 0 1 2 3 4 5 6 7 8
S/. 5,392.15

Deuda Extinguida
(DE) R R R R R

-$351.45
-$707.01
-$1,066.74
$3,961.46
$9,048.58
$14,195.28
$19,402.29
$24,670.29
$30,000.00
DEK = DEK-1 + Ak
6 7 8 9

R R R R
Valor actual $30,000.00
TEA 15% VA  i  (1  i ) n 
Ra  
(1  i )  (1  i ) n  1 
TEM (i) 1.1715%
n 6 meses
Ra = 5146.71

Ra =

Pago Interés Amortización Saldo Deudor

Fecha k
(R) (I) (A) (SD)
$30,000.00
0 $5,146.71 $5,146.71 $24,853.29
1 $5,146.71 $291.15 $4,855.55 $19,997.74
2 $5,146.71 $234.27 $4,912.44 $15,085.30
3 $5,146.71 $176.72 $4,969.98 $10,115.32
4 $5,146.71 $118.50 $5,028.21 $5,087.11
5 $5,146.71 $59.60 $5,087.11 $0.00
6
RK IK = i*SDk-1 AK = RK - Ik SDK = SDK-1 - Ak
 Ejercicio 3

VA= 30,000
15% TEA

0 1 2 3 4 5 6
$5,146.71

Deuda Extinguida R R R R R R
(DE)

$5,146.71
$10,002.26
$14,914.70
$19,884.68
$24,912.89
$30,000.00

DEK = DEK-1 + Ak
TEA 15.0%
TEM 1.1715% i
 (1  i ) n  1  G  (1  i ) n  1 n 
VA  R   n 
  
Valor actual $30,000 VA  i  (1  i )  i  i  (1  i )
n
(1  i )n 
Valor futuro --- VF VA = R*FASi,n+G*FASGi,n
Primera cuota (R1) $4,343.89 R R = (VA - G*FASGi,n)/FAS
Última cuota (Rn) $6,093.89 Rn
Gradiente $350.00 G
Cant. Periodos 6n meses
FASi,n 5.76147 FAS
FASGi,n 14.20799 FASG
R=

Pago Interés Amortización Saldo Deudor

Fecha k
(R) (I) (A) (SD)
0 $30,000.00
1 $4,343.89 $351.45 $3,992.44 $26,007.56
2 $4,693.89 $304.68 $4,389.21 $21,618.35
3 $5,043.89 $253.26 $4,790.63 $16,827.71
4 $5,393.89 $197.14 $5,196.75 $11,630.96
5 $5,743.89 $136.26 $5,607.63 $6,023.33
6 $6,093.89 $70.56 $6,023.33 $0.00
RK IK = i*SDk-1 AK = RK - Ik SDK = SDK-1 - Ak
 Ejercicio 4
1  i )n  1 n 

i  (1  i ) n
(1  i )n 
FASGi,n
n)/FAS

$4,343.89

Deuda Extinguida
(DE)

$3,992.44
$8,381.65
$13,172.29
$18,369.04
$23,976.67
$30,000.00
DEK = DEK-1 + Ak
TEA 15.0%
TEM 1.1715% i R  (1  i )n  (1  g ) n 
VA   
Valor actual $30,000 VA (1  i ) n  (1  i )  (1  g ) 
Valor futuro --- VF R = VA*(1+i)n/[]
Primera cuota (R1) $4,600.73 R
Última cuota (Rn) $5,871.83 Rn
Var. % periódica 5% g
Cant. Periodos 6n

Cociente
(1+i)n-(1+g)n -0.26772 Num
6.992674159
(1+i)-(1+g) -0.03829 Den R=

Pago Interés Amortización Saldo Deudor

Fecha k
(R) (I) (A) (SD)
0 $30,000.00
1 $4,600.73 $351.45 $4,249.28 $25,750.72
2 $4,830.77 $301.67 $4,529.10 $21,221.62
3 $5,072.31 $248.61 $4,823.70 $16,397.92
4 $5,325.92 $192.10 $5,133.82 $11,264.10
5 $5,592.22 $131.96 $5,460.26 $5,803.84
6 $5,871.83 $67.99 $5,803.84 -$0.00
RK IK = i*SDk-1 AK = RK - Ik SDK = SDK-1 - Ak
 Ejercicio 5
 (1  g ) n 
)  (1  g ) 
VA=30,000
15% TEA
/[]

0 1 2 3 4 5 6

R
R  (1  0.05)1
R  (1  0 . 05 ) 2
R  (1  0 . 05 ) 3
R  (1  0 . 05 ) 4
$4,600.73 R  (1  0.05) 6 1

Deuda Extinguida
(DE)

$4,249.28
$8,778.38
$13,602.08
$18,735.90
$24,196.16
$30,000.00
DEK = DEK-1 + Ak
Valor actual $30,000.00
TEA 15%
TEM (i) 1.1715%
n 6 meses

Pago Interés Amortización Saldo Deudor

Fecha k
(R) (I) (A) (SD)
0 $30,000.00
1 $351.45 $351.45 $0.00 $30,000.00
2 $351.45 $351.45 $0.00 $30,000.00
3 $351.45 $351.45 $0.00 $30,000.00
4 $351.45 $351.45 $0.00 $30,000.00
5 $351.45 $351.45 $0.00 $30,000.00
6 $30,351.45 $351.45 $30,000.00 $0.00
RK = Ak + IK IK = i*SD0 Todo al final SDK = SDK-1 - Ak
 Ejercicio 6

VA= 30,000
15% TEA

0 1 2 3 4 5 6
$351.45

Deuda Extinguida I I I I I I
(DE)
VA
$0.00
$0.00
$0.00
$0.00
$0.00
$30,000.00
DEK = DEK-1 + Ak
Valor actual $30,000.00
TEA 15%
TEM (i) 1.1715%
n 6 meses

Pago Interés Amortización Saldo Deudor

Fecha k
(R) (I) (A) (SD)
0 $30,000.00
1 $5,351.45 $351.45 $5,000.00 $25,000.00
2 $5,292.87 $292.87 $5,000.00 $20,000.00
3 $5,234.30 $234.30 $5,000.00 $15,000.00
4 $5,175.72 $175.72 $5,000.00 $10,000.00
5 $5,117.15 $117.15 $5,000.00 $5,000.00
6 $5,058.57 $58.57 $5,000.00 $0.00
RK = Ak + IK IK = i*SDk-1 AK = SD0/n SDK = SDK-1 - Ak
 Ejercicio 7

VA= 30,000
15% TEA

$5,000.00 0 1 2 3 4 5 6

Deuda Extinguida A A A A A A
(DE)

$5,000.00
$10,000.00
$15,000.00
$20,000.00
$25,000.00
$30,000.00
DEK = DEK-1 + Ak
Valor actual $1,000.00
https://www.youtube.com/watch?v=n4S7qVH-GHg
TEA 12%
TEM (i)
n 12 meses

Pago Interés Amortización Saldo Deudor

Fecha k
(R) (I) (A) (SD)
0
1
2
3
4
5
6
7
8
9
10
11
12
RK = Ak + IK IK = i*SDk-1 AK = SD0/n SDK = SDK-1 - Ak
ch?v=n4S7qVH-GHg

Deuda Extinguida
(DE)

DEK = DEK-1 + Ak
Valor actual $30,000.00 Ejercicio 8
TEA 15%
TEM (i) 1.1715%
n 6 meses

Factor

Pago Interés Amortización Saldo Deudor

Fecha k
(R) (I) (A) (SD)
0 $30,000.00
1 $1,780.02 $351.45 $1,428.57 $28,571.43
2 $3,191.85 $334.71 $2,857.14 $25,714.29
3 $4,586.96 $301.24 $4,285.71 $21,428.57
4 $5,965.32 $251.03 $5,714.29 $15,714.29
5 $7,326.95 $184.09 $7,142.86 $8,571.43
6 $8,671.84 $100.41 $8,571.43 $0.00
21 RK = Ak + IK IK = i*SDk-1 AK = Factor*nk SDK = SDK-1 - Ak
 $1,428.57

Deuda Extinguida
(DE)

$1,428.57
$4,285.71
$8,571.43
$14,285.71
$21,428.57
$30,000.00
DEK = DEK-1 + Ak
Valor actual $30,000.00
TEA 15%
TEM (i) 1.1715%
TED (i) 0.0388% No es necesario tabla

Pago Interés Amortización

Fecha n
(R) (I) (A)
3-May
3-May 0 $7,716.13 $0.00 $7,716.13
27-Jun 55 $7,716.13 $480.93 $7,235.20
2-Aug 91 $7,716.13 $211.80 $7,504.33
29-Sep 149 $7,716.13 $171.80 $7,544.33
RK IK = SDk-1[(1+i)^(nk-nk-1)/DP)-1] AK =Rk- Ik
SD*i
 Ejercicio 9

Fecha inicio 3-May

Período de i 30

Saldo Deudor Deuda Extinguida

(SD) (DE)
$30,000.00
$22,283.87 $7,716.13
$15,048.66 $14,951.34
$7,544.33 $22,455.67
$0.00 $30,000.00
SDK = SDK-1 - Ak DEK = DEK-1 + Ak
Valor actual $30,000.00
TEA 15%  i  (1  i ) n 
TEM (i) 1.1715% R  VA   n 
n 6 meses  (1  i )  1
R = 5207

Finalizado el 3er mes se reprograma el saldo restante para ser

pagado en 4 bimestres (TEM = 1%) R=

Pago Interés Amortización Saldo Deudor

Fecha k
(R) (I) (A) (SD)
0 $30,000.00
1 $5,207.00 $351.45 $4,855.55 $25,144.45
2 $5,207.00 $294.57 $4,912.44 $20,232.01
3 $5,207.00 $237.02 $4,969.98 $15,262.03
RK IK = i*SDk-1 AK = RK - Ik SDK = SDK-1 - Ak
TEB (i) 2.0100%
n 4 bimestres TEM 1% A

Pago Interés Amortización Saldo Deudor

Fecha k
(R) (I) (A) (SD)
0 $15,262.03
1 $4,122.27 $306.77 $3,815.51 $11,446.52
2 $4,045.58 $230.08 $3,815.51 $7,631.01
3 $3,968.89 $153.38 $3,815.51 $3,815.51
4 $3,892.20 $76.69 $3,815.51 $0.00
RK = Ak + IK IK = i*SDk-1 AK = SD0/n SDK = SDK-1 - Ak
 Ejercicio 10

VA= 30,000
15% TEA

0 1 2 3 4 5 6
$5,207.00

Deuda Extinguida
(DE) R R R R R R

$4,855.55
$9,767.99
$14,737.97
DEK = DEK-1 + Ak

$3,815.51

Deuda Extinguida
(DE)
$14,737.97
$18,553.48
$22,368.99
$26,184.49
$30,000.00
DEK = DEK-1 + Ak
Valor actual $30,000.00
TEA 15%
TEM (i) 1.1715%
n 12 meses

Pago Interés Amortización

Fecha k
(R) (I) (A)
03/05/20 0 $0.00
03/06/20 31 $2,304.91 $363.23 $1,941.67
03/07/20 61 $4,609.81 $328.70 $4,281.11
03/08/20 92 $2,304.91 $287.89 $2,017.02
03/09/20 123 $2,304.91 $263.47 $2,041.44
03/10/20 153 $2,304.91 $231.00 $2,073.90
03/11/20 184 $2,304.91 $213.64 $2,091.27
03/12/20 214 $4,609.81 $182.21 $4,427.60
03/01/21 245 $2,304.91 $134.71 $2,170.20
03/02/21 276 $2,304.91 $108.43 $2,196.47
03/03/21 304 $2,304.91 $73.88 $2,231.03
03/04/21 335 $2,304.91 $54.83 $2,250.08
03/05/21 365 $2,304.91 $26.69 $2,278.22
RK IK = SDk-1[(1+i)^(nk-nk-1)/30-1] AK =Rk- Ik
 Ejercicio 11

VA=30,000

Fecha 3/5/12 3/6/12 3/7/12 3/8/12 3/9/12 3/10/12 3/11/12 3/12/12 3/1/13 3/2/13 3/3/13 3/4/13 3/5/

0 1 2 3 4 5 6 7 8 9 10 11 1
Fecha inicio 3-May n

R= $2,304.91
R 2R R R R R 2R R R R R

Saldo Deudor Deuda Extinguida A Valor Actual 31 61 92 123 153 184 214 245 276 304 335 3
(SD) (DE)
$30,000.00
$28,058.33 $1,941.67
$23,777.22 $6,222.78
$21,760.20 $8,239.80
$19,718.76 $10,281.24
$17,644.86 $12,355.14
$15,553.59 $14,446.41
$11,125.99 $18,874.01
$8,955.79 $21,044.21
$6,759.32 $23,240.68
$4,528.29 $25,471.71
$2,278.22 $27,721.78
-$0.00 $30,000.00
SDK = SDK-1 - Ak DEK = DEK-1 + Ak
1

12 3/1/13 3/2/13 3/3/13 3/4/13 3/5/13

7 8 9 10 11 12

R R R R R R

14 245 276 304 335 365