ANUALIDADES DIFERIDAS

Una persona adquiere un crédito por $25 mlls con las siguientes cond
Plazo 3 años, tasa interés 1,23% mv, cuotas mensuales iguales vencid
la cancela en el mes 12; adicionalmente, dos pagos extras en los mese
cada uno por valor del 3,5% sobre el monto del crédito.

$25´

1 … 11

25,000,000 685,209
23,744,384

Periodo Cuota
0
1
2
3
4
 5
6
7
8
9
10
11
12 938,392
13 938,392
14 938,392
15 938,392
16 938,392
17 938,392
18 938,392
19 938,392
20 938,392
21 938,392
22 938,392
23 938,392
24 938,392
25 938,392
26 938,392
27 938,392
28 938,392
29 938,392
30 938,392
 31 938,392
32 938,392
33 938,392
34 938,392
35 938,392
36 938,392
37 938,392
38 938,392
39 938,392
40 938,392
41 938,392
42 938,392
43 938,392
44 938,392
45 938,392
46 938,392
47 938,392

Una empresa adquiere maquinaria con un banco y le propone el sigui

30 Cuotas mensuales iguales cada una por $1,85 mlls y la primera a p
Una cuota inicial que equivale al 10% sobre el valor de contado y una
por valor del 5% sobre el monto de contado. La tasa de interés pactad

X
 1

0,10X

0.869

Periodo Cuota
0 4,729,139
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15 1,850,000
16 1,850,000
17 1,850,000
18 1,850,000
19 1,850,000
20 1,850,000
21 1,850,000
22 1,850,000
23 1,850,000
24 1,850,000
25 1,850,000
26 1,850,000
27 1,850,000
28 1,850,000
29 1,850,000
30 1,850,000
31 1,850,000
32 1,850,000
33 1,850,000
34 1,850,000
35 1,850,000
36 1,850,000
37 1,850,000
38 1,850,000
39 1,850,000
40 1,850,000
41 1,850,000
42 1,850,000
43 1,850,000
44 1,850,000
45 2,364,569
s siguientes condiciones:
es iguales vencidas y la primera
xtras en los meses 20 y 35

Ti =

… 12 13 14

X X X

570,407
938,392 27,162,048

Interes Abono K Saldo

25,000,000
307,500 - 307,500 25,307,500
311,282 - 311,282 25,618,782
315,111 - 315,111 25,933,893
318,987 - 318,987 26,252,880
322,910 - 322,910 26,575,791
326,882 - 326,882 26,902,673
330,903 - 330,903 27,233,576
334,973 - 334,973 27,568,549
339,093 - 339,093 27,907,642
343,264 - 343,264 28,250,906
347,486 - 347,486 28,598,392
351,760 586,632 28,011,760
344,545 593,847 27,417,913
337,240 601,152 26,816,761
329,846 608,546 26,208,215
322,361 616,031 25,592,184
314,784 623,608 24,968,576
307,113 631,279 24,337,297
299,349 639,043 23,698,254
291,489 646,904 22,176,350
272,769 665,623 21,510,727
264,582 673,810 20,836,917
256,294 682,098 20,154,819
247,904 690,488 19,464,331
239,411 698,981 18,765,350
230,814 707,578 18,057,772
222,111 716,282 17,341,490
213,300 725,092 16,616,398
204,382 734,010 15,882,388
195,353 743,039 15,139,349
 186,214 752,178 14,387,171
176,962 761,430 13,625,741
167,597 770,795 12,854,946
158,116 780,276 12,074,670
148,518 789,874 10,409,796
128,040 810,352 9,599,444
118,073 820,319 8,779,125
107,983 830,409 7,948,716
97,769 840,623 7,108,093
87,430 850,963 6,257,131
76,963 861,429 5,395,702
66,367 872,025 4,523,677
55,641 882,751 3,640,926
44,783 893,609 2,747,317
33,792 904,600 1,842,717
22,665 915,727 926,990
11,402 926,990 - 0

e propone el siguiente plan de pagos:

s y la primera a partir del mes 15
de contado y una cuota extra final en el mes 45
de interés pactada 12,34% nama.
 … 11 … 15 16

1,850,000 1,850,000

VP 14 $ 47,473,192

VP MES 0 41,077,198

X 47,291,389 4,729,139

Interes Abono K Saldo

42,562,250
442,229 - 442,229 43,004,480
446,824 - 446,824 43,451,304
451,467 - 451,467 43,902,771
456,158 - 456,158 44,358,928
460,897 - 460,897 44,819,825
465,686 - 465,686 45,285,511
470,525 - 470,525 45,756,036
475,413 - 475,413 46,231,449
480,353 - 480,353 46,711,803
485,344 - 485,344 47,197,146
490,387 - 490,387 47,687,533
495,482 - 495,482 48,183,015
500,630 - 500,630 48,683,645
505,832 - 505,832 49,189,477
511,087 1,338,913 47,850,565
497,176 1,352,824 46,497,741
483,120 1,366,880 45,130,861
468,918 1,381,082 43,749,778
454,568 1,395,432 42,354,346
440,069 1,409,931 40,944,415
425,420 1,424,580 39,519,835
410,618 1,439,382 38,080,453
395,663 1,454,337 36,626,116
380,552 1,469,448 35,156,668
365,284 1,484,716 33,671,952
349,858 1,500,142 32,171,810
334,271 1,515,729 30,656,081
318,522 1,531,478 29,124,603
302,610 1,547,390 27,577,213
286,532 1,563,468 26,013,745
270,287 1,579,713 24,434,032
253,874 1,596,126 22,837,906
237,290 1,612,710 21,225,196
220,534 1,629,466 19,595,730
203,603 1,646,397 17,949,333
186,497 1,663,503 16,285,830
169,213 1,680,787 14,605,042
151,749 1,698,251 12,906,791
134,104 1,715,896 11,190,895
116,275 1,733,725 9,457,171
98,262 1,751,738 7,705,432
80,061 1,769,939 5,935,493
61,671 1,788,329 4,147,164
43,090 1,806,910 2,340,254
24,316 2,340,254 0
 1.23% mv

… 20 21 … 35 36 …47

X X X X X

$ 875,000 $ 875,000
 12.34%Nama
1.028%ema
1.039%mv

Ti = 1.04%
 17 … 30 45

1,850,000 1,850,000 0,05X

0.1 0.031
La empresa XCB adquiere maquinaria por un crédito en una entidad financiera y con el siguiente plan de pagos:
El 40% lo cancela en 24 cuotas mensuales iguales anticipadas; el 40% lo cancela en 12 cuotas bimestrales iguales vencidas y la
primera cuota la cancela a partir del mes 27; finalmente el valor restante lo cancela en el mes 60; si la maquinaria tiene un val
de contado de 300 millones, la tasa de interés que le cobran es 11,8% ea; calvular el valor de las cuotas en cada formato de pa

300,000,000

1 2 3 4

R1 R1 R1 R1 R1

tasa i 11.80%
0.93%
1.88%

300,000,000 34,351,225 265,648,775

132,824,387 $ 6,145,983.18 Cuota mes Anticipada

132,824,387
167,570,762 $ 15,725,400.05 Cuota bimestral mes 27

Periodo Cuota Interes Abono K

0 6,145,983
1 6,145,983 2,744,141 3,401,843
2 6,145,983 2,712,373 3,433,611
3 6,145,983 2,680,308 3,465,675
4 6,145,983 2,647,944 3,498,039
5 6,145,983 2,615,278 3,530,705
6 6,145,983 2,582,306 3,563,677
7 6,145,983 2,549,027 3,596,956
8 6,145,983 2,515,437 3,630,546
9 6,145,983 2,481,534 3,664,450
10 6,145,983 2,447,313 3,698,670
11 6,145,983 2,412,773 3,733,210
12 6,145,983 2,377,911 3,768,072
13 6,145,983 2,342,723 3,803,260
14 6,145,983 2,307,207 3,838,777
15 6,145,983 2,271,358 3,874,625
16 6,145,983 2,235,175 3,910,808
17 6,145,983 2,198,654 3,947,329
18 6,145,983 2,161,793 3,984,191
19 6,145,983 2,124,586 4,021,397
20 6,145,983 2,087,033 4,058,950
21 6,145,983 2,049,129 4,096,855
22 6,145,983 2,010,870 4,135,113
23 6,145,983 1,972,255 4,173,728
24 1,933,279 - 1,933,279
25 1,951,332 - 1,951,332
26 1,969,555 - 1,969,555
27 15,725,400 1,987,947 13,737,453
28 1,859,661 - 1,859,661
29 15,725,400 1,877,027 13,848,373
30 1,747,705 - 1,747,705
31 15,725,400 1,764,026 13,961,374
32 1,633,648 - 1,633,648
33 15,725,400 1,648,904 14,076,496
34 1,517,451 - 1,517,451
35 15,725,400 1,531,622 14,193,778
36 1,399,074 - 1,399,074
37 15,725,400 1,412,139 14,313,261
38 1,278,476 - 1,278,476
39 15,725,400 1,290,415 14,434,985
40 1,155,614 - 1,155,614
41 15,725,400 1,166,406 14,558,994
42 1,030,447 - 1,030,447
43 15,725,400 1,040,070 14,685,330
44 902,932 - 902,932
45 15,725,400 911,364 14,814,036
46 773,024 - 773,024
47 15,725,400 780,243 14,945,157
48 640,678 - 640,678
49 15,725,400 646,661 15,078,739
50 505,849 - 505,849
51 510,573 - 510,573
52 515,341 - 515,341
53 520,153 - 520,153
54 525,011 - 525,011
55 529,914 - 529,914
56 534,862 - 534,862
57 539,857 - 539,857
58 544,898 - 544,898
59 549,987 - 549,987
60 60,000,000 555,123 59,444,877
 siguiente plan de pagos:
uotas bimestrales iguales vencidas y la
el mes 60; si la maquinaria tiene un valor
or de las cuotas en cada formato de pago

5 …23 25 …27 28 29
VP

R1 R1 R2 R2

mv
BV

Monto a financiar perido cero

Saldo
293,854,017
290,452,174
287,018,564
283,552,888
280,054,849
276,524,144
272,960,467
269,363,511
265,732,965
262,068,516
258,369,846
254,636,636
250,868,564
247,065,304
243,226,527
239,351,902
 235,441,094
231,493,766
227,509,575
223,488,178
219,429,228
215,332,373
211,197,260
207,023,532
208,956,810
210,908,143
212,877,698
199,140,245
200,999,906
187,151,533
188,899,238
174,937,864
176,571,512
162,495,016
164,012,467
149,818,689
151,217,763
136,904,502
138,182,978
123,747,992
124,903,607
110,344,612
111,375,060
96,689,730
97,592,662
82,778,626
83,551,650
68,606,493
69,247,171
54,168,432
54,674,281
55,184,854
55,700,195
56,220,348
56,745,359
57,275,273
57,810,135
58,349,992
58,894,890
59,444,877
- 0
30 …49 …60

R2 60,000,000
Crédito con Interés Global
Supone el pago de cuotas periódicas iguales, pero en el que los intere
desconociendo el abono a capital que se le hace a la deuda cada perio

𝑅=(𝑉𝑃/𝑛)+(𝑉𝑃 𝑥 𝑖)

Se adquiere un electrodoméstico por $3 millones y se lo financian con

a través de 6 cuotas iguales mensuales. Calcular el pago con interés g

R = $ 560,000
Pagariamos este valor Periodo
cada mes 0
1
2
3
4
5
6

Abono a Capital Constante e interés vencido

Usted adquiere un crédito por $15 millones a una tasa de interés del 2
abono a capital constante trimestral.

𝑅𝐾=(𝑉𝑃/𝑛)+(𝑉𝑃 𝑥 𝑖) [1 - ((𝐾 −1)/𝑛) ]

 𝑅𝐾=(𝑉𝑃/𝑛)+(𝑉𝑃 𝑥 𝑖) [1 - ((𝐾 −1)/𝑛) ]

Primera Cuota
Segunda Cuota
Tercera Cuota
Cuarta Cuota

Abono a Capital Constante e interés anticipado

𝑅𝐾=(𝑉𝑃/𝑛)+(𝑉𝑃 𝑥 𝑖) [1 - ((𝐾 )/𝑛) ]

Primera Cuota Periodo

Segunda Cuota 0
Tercera Cuota 1
Cuarta Cuota 2
3
4

ANUALIDAD PERPÉTUA
Es una serie de pagos igual
𝑉𝑃=(𝑅/𝑖)
 𝑉𝑃=(𝑅/𝑖) ejem: arrendamiento, mes

Usted paga un arrendamiento por $800 mil mensualmente, la tasa int

Calcular el valor presente de la anualidad perpétua.

$ 800,000
VP = $ 48,000,000
1.67%
Este valor me garantiza qu

En las anualidades perpetuas solamente se puede calcular el V

no se puede calcular el VF
 el que los intereses se calculan sobre el capital prestado inicialmente,
deuda cada periodo.

e lo financian con una tasa de interés del 2% mv y

ago con interés global

Cuota Interés Abono K

$ 560,000 $ 60,000 $ 500,000

$ 560,000 $ 60,000 $ 500,000
$ 560,000 $ 60,000 $ 500,000
$ 560,000 $ 60,000 $ 500,000
$ 560,000 $ 60,000 $ 500,000
$ 560,000 $ 60,000 $ 500,000

sa de interés del 2% tv por un plazo de 1 año,

 Periodo Cuota Interés
0
1
2
3
4

Cuota Interés Abono K

ie de pagos iguales por indefinido tiempo

endamiento, mesada pensional

mente, la tasa interés es del 20% na

me garantiza que mensualmente me van a entregar 800 mil

uede calcular el VP
prestado inicialmente,

Saldo
$ 3,000,000
$ 2,500,000
$ 2,000,000
$ 1,500,000
$ 1,000,000
$ 500,000
$ -
Abono K Saldo Periodo
0
1
2
3
4

Saldo
egar 800 mil
Cuota Interés Abono K
Saldo
Cálculo del VF con Tasa Variable

𝑉𝐹=𝑉𝑃 (1 + i1) (1 + i2)... (1 + in)

Usted decide invertir $10 millones durante 6 meses a una tasa de inte
crezca en 0,17% cada mes. Cuánto recibirá al final del semestre…?

VP $ 10,000,000
VF $ 10,853,618 $ 10,853,618
Tasa i1 0.95% $ 10,095,000
Tasa i2 1.12% $ 10,208,064
Tasa i3 1.29% $ 10,339,748
Tasa i4 1.46% $ 10,490,708
Tasa i5 1.63% $ 10,661,707
Tasa i6 1.80% $ 10,853,618

Tabla de Pagos con Tasa de Interés Variable

Se adquiere un crédito por $18 millones, por un plazo de 3 años, cuot

para el año 1: 1,25% mv; año 2: 1,37% mv y para el año 3: 1,15% mv. C

Monto $ 18,000,000 Periodo

Plazo 36 0
Tasa 1 1.25% 1
Tasa 2 1.37% 2
Tasa 3 1.15% 3
Cuota 1 $ 623,976 4
Cuota 2 $ 632,816 5
Cuota 3 624,145 6
7
8
9
10
11
12
Aquí empieza la cuota 2 13
14
15
16
17
18
19
20
21
22
23
24
Aquí empieza la cuota 3 25
26
27
28
29
30
31
32
33
34
35
36
 Parte de los ahorros

(1 + in)

nte 6 meses a una tasa de interés mensual 0,95% y se espera que la tasa
birá al final del semestre…?

Formula manual

s, por un plazo de 3 años, cuota fija mensual vencida, la tasa de interés

mv y para el año 3: 1,15% mv. Calcular la Tabla de Pagos.

Cuota Interés Abono K Saldo

$ 18,000,000
$ 623,976 $ 225,000 $ 398,976 $ 17,601,024
$ 623,976 $ 220,013 $ 403,963 $ 17,197,061
$ 623,976 $ 214,963 $ 409,013 $ 16,788,048
$ 623,976 $ 209,851 $ 414,125 $ 16,373,923
$ 623,976 $ 204,674 $ 419,302 $ 15,954,621
$ 623,976 $ 199,433 $ 424,543 $ 15,530,078
$ 623,976 $ 194,126 $ 429,850 $ 15,100,228
$ 623,976 $ 188,753 $ 435,223 $ 14,665,005
$ 623,976 $ 183,313 $ 440,663 $ 14,224,342
$ 623,976 $ 177,804 $ 446,172 $ 13,778,170
$ 623,976 $ 172,227 $ 451,749 $ 13,326,421
$ 623,976 $ 166,580 $ 457,396 $ 12,869,026
$ 632,816 $ 176,306 $ 456,511 $ 12,412,515
$ 632,816 $ 170,051 $ 462,765 $ 11,949,750
$ 632,816 $ 163,712 $ 469,105 $ 11,480,645
$ 632,816 $ 157,285 $ 475,532 $ 11,005,113
$ 632,816 $ 150,770 $ 482,046 $ 10,523,067
$ 632,816 $ 144,166 $ 488,650 $ 10,034,417
$ 632,816 $ 137,472 $ 495,345 $ 9,539,072
$ 632,816 $ 130,685 $ 502,131 $ 9,036,941
$ 632,816 $ 123,806 $ 509,010 $ 8,527,930
$ 632,816 $ 116,833 $ 515,984 $ 8,011,947
$ 632,816 $ 109,764 $ 523,053 $ 7,488,894
$ 632,816 $ 102,598 $ 530,219 $ 6,958,675
$ 624,145 $ 80,025 $ 544,120 $ 6,414,555
$ 624,145 $ 73,767 $ 550,377 $ 5,864,178
$ 624,145 $ 67,438 $ 556,707 $ 5,307,471
$ 624,145 $ 61,036 $ 563,109 $ 4,744,362
$ 624,145 $ 54,560 $ 569,585 $ 4,174,778
$ 624,145 $ 48,010 $ 576,135 $ 3,598,643
$ 624,145 $ 41,384 $ 582,760 $ 3,015,883
$ 624,145 $ 34,683 $ 589,462 $ 2,426,421
$ 624,145 $ 27,904 $ 596,241 $ 1,830,180
$ 624,145 $ 21,047 $ 603,098 $ 1,227,082
$ 624,145 $ 14,111 $ 610,033 $ 617,049
$ 624,145 $ 7,096 $ 617,049 $ 0
ue la tasa

interés
Variacion Julio 0.50%
Variación Agosto 0.70%
351.7026 15-Sep la traje del banco de la republica

SISTEMA UVR que es crédito hipotecario de unidad de valor real

UVRt = UVR15m (1 + in-1)^t/Dm es el dia 15 que se cierra y me sirve de base

t Dias sobre los que voy a calcular Dm dias que hay entre el 16 de sep y 15

16-Sep 15-Oct Habrian 30 porque septiembre tiene 30 dias

16-Oct 15-Nov Habrian 31 porque octubre tiene 31

Siempre va a hacer cierre el dia 15 de octubre

UVR 23 sept 351.7026 (1+0,7%)(8/30)

UVR 23 sept 352.35743325641

UVR 3 Oct = 353.17768963598

Ejercicio Una persona adquiere el dia de hoy un crédito hipotecario por 240 millones y las siguientes condiciones:
Plazo 15 añois; tasa de intereés 1,8% mv; Cuota en UVR mensual vencida y se espera que la inflación del
mes de septiembre sea 0,95% calcular el valor de la primera cuota en pesos…

Monto COP 240,000,000

Monto UVR 682,394.7278
Plazo 180
Tasa i 1.80%
Cuota UVR $ 12,799.0183
UVR 15 sept 351.7026
UVR 15 oct 354.1645
UVR 16 oct 354.2726 Para el dia 16 de octubre yo debo pagar a este valor
Inflación sept 0.95%

Cuota COP 4,534,341

En el Estado fianciero
Gasto por interese 4,351,567

UPAC Unidad de poder adquisitivo constante
ias que hay entre el 16 de sep y 15 oct
Conclusión
La UVR y el UPAC es lo mismo
la diferencia es que ahora que tenemos inflación más alta
Ambas estan ligadas a la inflación
UVR Puede ser peligroso cuando tenemos expectativas de infalción m

bre tiene 30 dias

as siguientes condiciones:
spera que la inflación del

Periodo Cuota Interes Abono K Saldo

0 682,394.7278
16-Oct 1 $ 12,799.0183 12,283.1051 $ 515.9132 681,878.8146
2 $ 12,799.0183 12,273.8187 $ 525.1996 681,353.6150
3 $ 12,799.0183 12,264.3651 $ 534.6532 680,818.9618
4 $ 12,799.0183 12,254.7413 $ 544.2770 680,274.6849
5 $ 12,799.0183 12,244.9443 $ 554.0739 679,720.6109
a este valor 6 $ 12,799.0183 12,234.9710 $ 564.0473 679,156.5636
7 $ 12,799.0183 12,224.8181 $ 574.2001 678,582.3635
8 $ 12,799.0183 12,214.4825 $ 584.5357 677,997.8278
9 $ 12,799.0183 12,203.9609 $ 595.0574 677,402.7704
10 $ 12,799.0183 12,193.2499 $ 605.7684 676,797.0020
11 $ 12,799.0183 12,182.3460 $ 616.6722 676,180.3297
12 $ 12,799.0183 12,171.2459 $ 627.7723 675,552.5574
13 $ 12,799.0183 12,159.9460 $ 639.0722 674,913.4852
14 $ 12,799.0183 12,148.4427 $ 650.5755 674,262.9096
15 $ 12,799.0183 12,136.7324 $ 662.2859 673,600.6237
16 $ 12,799.0183 12,124.8112 $ 674.2070 672,926.4167
17 $ 12,799.0183 12,112.6755 $ 686.3428 672,240.0739
18 $ 12,799.0183 12,100.3213 $ 698.6969 671,541.3769
19 $ 12,799.0183 12,087.7448 $ 711.2735 670,830.1034
20 $ 12,799.0183 12,074.9419 $ 724.0764 670,106.0270
21 $ 12,799.0183 12,061.9085 $ 737.1098 669,368.9172
22 $ 12,799.0183 12,048.6405 $ 750.3778 668,618.5395
23 $ 12,799.0183 12,035.1337 $ 763.8846 667,854.6549
24 $ 12,799.0183 12,021.3838 $ 777.6345 667,077.0204
25 $ 12,799.0183 12,007.3864 $ 791.6319 666,285.3885
26 $ 12,799.0183 11,993.1370 $ 805.8813 665,479.5072
27 $ 12,799.0183 11,978.6311 $ 820.3871 664,659.1201
28 $ 12,799.0183 11,963.8642 $ 835.1541 663,823.9660
29 $ 12,799.0183 11,948.8314 $ 850.1869 662,973.7791
30 $ 12,799.0183 11,933.5280 $ 865.4903 662,108.2888
31 $ 12,799.0183 11,917.9492 $ 881.0691 661,227.2198
32 $ 12,799.0183 11,902.0900 $ 896.9283 660,330.2914
33 $ 12,799.0183 11,885.9452 $ 913.0730 659,417.2184
34 $ 12,799.0183 11,869.5099 $ 929.5083 658,487.7101
35 $ 12,799.0183 11,852.7788 $ 946.2395 657,541.4706
36 $ 12,799.0183 11,835.7465 $ 963.2718 656,578.1988
37 $ 12,799.0183 11,818.4076 $ 980.6107 655,597.5881
38 $ 12,799.0183 11,800.7566 $ 998.2617 654,599.3264
39 $ 12,799.0183 11,782.7879 $ 1,016.2304 653,583.0960
40 $ 12,799.0183 11,764.4957 $ 1,034.5225 652,548.5734
41 $ 12,799.0183 11,745.8743 $ 1,053.1440 651,495.4295
42 $ 12,799.0183 11,726.9177 $ 1,072.1005 650,423.3289
43 $ 12,799.0183 11,707.6199 $ 1,091.3984 649,331.9306
44 $ 12,799.0183 11,687.9748 $ 1,111.0435 648,220.8870
45 $ 12,799.0183 11,667.9760 $ 1,131.0423 647,089.8447
46 $ 12,799.0183 11,647.6172 $ 1,151.4011 645,938.4437
47 $ 12,799.0183 11,626.8920 $ 1,172.1263 644,766.3174
48 $ 12,799.0183 11,605.7937 $ 1,193.2246 643,573.0928
49 $ 12,799.0183 11,584.3157 $ 1,214.7026 642,358.3902
50 $ 12,799.0183 11,562.4510 $ 1,236.5673 641,121.8229
51 $ 12,799.0183 11,540.1928 $ 1,258.8255 639,862.9975
52 $ 12,799.0183 11,517.5340 $ 1,281.4843 638,581.5132
53 $ 12,799.0183 11,494.4672 $ 1,304.5510 637,276.9621
54 $ 12,799.0183 11,470.9853 $ 1,328.0330 635,948.9292
55 $ 12,799.0183 11,447.0807 $ 1,351.9376 634,596.9916
56 $ 12,799.0183 11,422.7458 $ 1,376.2724 633,220.7192
57 $ 12,799.0183 11,397.9729 $ 1,401.0453 631,819.6739
58 $ 12,799.0183 11,372.7541 $ 1,426.2641 630,393.4097
59 $ 12,799.0183 11,347.0814 $ 1,451.9369 628,941.4728
60 $ 12,799.0183 11,320.9465 $ 1,478.0718 627,463.4010
 61 $ 12,799.0183 11,294.3412 $ 1,504.6771 625,958.7240
62 $ 12,799.0183 11,267.2570 $ 1,531.7612 624,426.9627
63 $ 12,799.0183 11,239.6853 $ 1,559.3329 622,867.6298
64 $ 12,799.0183 11,211.6173 $ 1,587.4009 621,280.2289
65 $ 12,799.0183 11,183.0441 $ 1,615.9742 619,664.2547
66 $ 12,799.0183 11,153.9566 $ 1,645.0617 618,019.1930
67 $ 12,799.0183 11,124.3455 $ 1,674.6728 616,344.5202
68 $ 12,799.0183 11,094.2014 $ 1,704.8169 614,639.7033
69 $ 12,799.0183 11,063.5147 $ 1,735.5036 612,904.1997
70 $ 12,799.0183 11,032.2756 $ 1,766.7427 611,137.4570
71 $ 12,799.0183 11,000.4742 $ 1,798.5441 609,338.9129
72 $ 12,799.0183 10,968.1004 $ 1,830.9178 607,507.9951
73 $ 12,799.0183 10,935.1439 $ 1,863.8744 605,644.1207
74 $ 12,799.0183 10,901.5942 $ 1,897.4241 603,746.6966
75 $ 12,799.0183 10,867.4405 $ 1,931.5777 601,815.1189
76 $ 12,799.0183 10,832.6721 $ 1,966.3461 599,848.7728
77 $ 12,799.0183 10,797.2779 $ 2,001.7404 597,847.0324
78 $ 12,799.0183 10,761.2466 $ 2,037.7717 595,809.2607
79 $ 12,799.0183 10,724.5667 $ 2,074.4516 593,734.8091
80 $ 12,799.0183 10,687.2266 $ 2,111.7917 591,623.0174
81 $ 12,799.0183 10,649.2143 $ 2,149.8040 589,473.2134
82 $ 12,799.0183 10,610.5178 $ 2,188.5004 587,284.7130
83 $ 12,799.0183 10,571.1248 $ 2,227.8934 585,056.8196
84 $ 12,799.0183 10,531.0228 $ 2,267.9955 582,788.8240
85 $ 12,799.0183 10,490.1988 $ 2,308.8194 580,480.0046
86 $ 12,799.0183 10,448.6401 $ 2,350.3782 578,129.6264
87 $ 12,799.0183 10,406.3333 $ 2,392.6850 575,736.9414
88 $ 12,799.0183 10,363.2649 $ 2,435.7533 573,301.1881
89 $ 12,799.0183 10,319.4214 $ 2,479.5969 570,821.5912
90 $ 12,799.0183 10,274.7886 $ 2,524.2296 568,297.3615
91 $ 12,799.0183 10,229.3525 $ 2,569.6658 565,727.6958
92 $ 12,799.0183 10,183.0985 $ 2,615.9198 563,111.7760
93 $ 12,799.0183 10,136.0120 $ 2,663.0063 560,448.7697
94 $ 12,799.0183 10,088.0779 $ 2,710.9404 557,737.8293
95 $ 12,799.0183 10,039.2809 $ 2,759.7373 554,978.0919
96 $ 12,799.0183 9,989.6057 $ 2,809.4126 552,168.6793
97 $ 12,799.0183 9,939.0362 $ 2,859.9820 549,308.6973
98 $ 12,799.0183 9,887.5566 $ 2,911.4617 546,397.2355
99 $ 12,799.0183 9,835.1502 $ 2,963.8680 543,433.3675
100 $ 12,799.0183 9,781.8006 $ 3,017.2177 540,416.1498
101 $ 12,799.0183 9,727.4907 $ 3,071.5276 537,344.6223
102 $ 12,799.0183 9,672.2032 $ 3,126.8151 534,217.8072
103 $ 12,799.0183 9,615.9205 $ 3,183.0977 531,034.7094
104 $ 12,799.0183 9,558.6248 $ 3,240.3935 527,794.3159
105 $ 12,799.0183 9,500.2977 $ 3,298.7206 524,495.5954
106 $ 12,799.0183 9,440.9207 $ 3,358.0976 521,137.4978
107 $ 12,799.0183 9,380.4750 $ 3,418.5433 517,718.9545
108 $ 12,799.0183 9,318.9412 $ 3,480.0771 514,238.8774
109 $ 12,799.0183 9,256.2998 $ 3,542.7185 510,696.1589
110 $ 12,799.0183 9,192.5309 $ 3,606.4874 507,089.6715
111 $ 12,799.0183 9,127.6141 $ 3,671.4042 503,418.2673
112 $ 12,799.0183 9,061.5288 $ 3,737.4895 499,680.7778
113 $ 12,799.0183 8,994.2540 $ 3,804.7643 495,876.0136
114 $ 12,799.0183 8,925.7682 $ 3,873.2500 492,002.7635
115 $ 12,799.0183 8,856.0497 $ 3,942.9685 488,059.7950
116 $ 12,799.0183 8,785.0763 $ 4,013.9420 484,045.8530
117 $ 12,799.0183 8,712.8254 $ 4,086.1929 479,959.6601
118 $ 12,799.0183 8,639.2739 $ 4,159.7444 475,799.9157
119 $ 12,799.0183 8,564.3985 $ 4,234.6198 471,565.2959
120 $ 12,799.0183 8,488.1753 $ 4,310.8429 467,254.4530
121 $ 12,799.0183 8,410.5802 $ 4,388.4381 462,866.0148
122 $ 12,799.0183 8,331.5883 $ 4,467.4300 458,398.5848
123 $ 12,799.0183 8,251.1745 $ 4,547.8437 453,850.7411
124 $ 12,799.0183 8,169.3133 $ 4,629.7049 449,221.0361
125 $ 12,799.0183 8,085.9787 $ 4,713.0396 444,507.9965
126 $ 12,799.0183 8,001.1439 $ 4,797.8743 439,710.1222
127 $ 12,799.0183 7,914.7822 $ 4,884.2361 434,825.8861
128 $ 12,799.0183 7,826.8659 $ 4,972.1523 429,853.7338
129 $ 12,799.0183 7,737.3672 $ 5,061.6511 424,792.0827
130 $ 12,799.0183 7,646.2575 $ 5,152.7608 419,639.3219
131 $ 12,799.0183 7,553.5078 $ 5,245.5105 414,393.8114
132 $ 12,799.0183 7,459.0886 $ 5,339.9297 409,053.8818
133 $ 12,799.0183 7,362.9699 $ 5,436.0484 403,617.8334
134 $ 12,799.0183 7,265.1210 $ 5,533.8973 398,083.9361
135 $ 12,799.0183 7,165.5108 $ 5,633.5074 392,450.4287
136 $ 12,799.0183 7,064.1077 $ 5,734.9106 386,715.5181
137 $ 12,799.0183 6,960.8793 $ 5,838.1390 380,877.3792
138 $ 12,799.0183 6,855.7928 $ 5,943.2255 374,934.1537
139 $ 12,799.0183 6,748.8148 $ 6,050.2035 368,883.9502
140 $ 12,799.0183 6,639.9111 $ 6,159.1072 362,724.8430
141 $ 12,799.0183 6,529.0472 $ 6,269.9711 356,454.8719
142 $ 12,799.0183 6,416.1877 $ 6,382.8306 350,072.0413
143 $ 12,799.0183 6,301.2967 $ 6,497.7215 343,574.3198
144 $ 12,799.0183 6,184.3378 $ 6,614.6805 336,959.6393
145 $ 12,799.0183 6,065.2735 $ 6,733.7448 330,225.8945
146 $ 12,799.0183 5,944.0661 $ 6,854.9522 323,370.9423
147 $ 12,799.0183 5,820.6770 $ 6,978.3413 316,392.6010
148 $ 12,799.0183 5,695.0668 $ 7,103.9515 309,288.6496
149 $ 12,799.0183 5,567.1957 $ 7,231.8226 302,056.8270
150 $ 12,799.0183 5,437.0229 $ 7,361.9954 294,694.8316
151 $ 12,799.0183 5,304.5070 $ 7,494.5113 287,200.3203
152 $ 12,799.0183 5,169.6058 $ 7,629.4125 279,570.9078
153 $ 12,799.0183 5,032.2763 $ 7,766.7419 271,804.1658
154 $ 12,799.0183 4,892.4750 $ 7,906.5433 263,897.6225
155 $ 12,799.0183 4,750.1572 $ 8,048.8611 255,848.7615
156 $ 12,799.0183 4,605.2777 $ 8,193.7406 247,655.0209
157 $ 12,799.0183 4,457.7904 $ 8,341.2279 239,313.7930
158 $ 12,799.0183 4,307.6483 $ 8,491.3700 230,822.4230
159 $ 12,799.0183 4,154.8036 $ 8,644.2147 222,178.2083
160 $ 12,799.0183 3,999.2078 $ 8,799.8105 213,378.3978
161 $ 12,799.0183 3,840.8112 $ 8,958.2071 204,420.1907
162 $ 12,799.0183 3,679.5634 $ 9,119.4548 195,300.7359
163 $ 12,799.0183 3,515.4132 $ 9,283.6050 186,017.1308
164 $ 12,799.0183 3,348.3084 $ 9,450.7099 176,566.4209
165 $ 12,799.0183 3,178.1956 $ 9,620.8227 166,945.5982
166 $ 12,799.0183 3,005.0208 $ 9,793.9975 157,151.6007
167 $ 12,799.0183 2,828.7288 $ 9,970.2895 147,181.3112
168 $ 12,799.0183 2,649.2636 $ 10,149.7547 137,031.5566
169 $ 12,799.0183 2,466.5680 $ 10,332.4503 126,699.1063
170 $ 12,799.0183 2,280.5839 $ 10,518.4344 116,180.6719
171 $ 12,799.0183 2,091.2521 $ 10,707.7662 105,472.9058
172 $ 12,799.0183 1,898.5123 $ 10,900.5060 94,572.3998
173 $ 12,799.0183 1,702.3032 $ 11,096.7151 83,475.6847
174 $ 12,799.0183 1,502.5623 $ 11,296.4560 72,179.2288
175 $ 12,799.0183 1,299.2261 $ 11,499.7922 60,679.4366
176 $ 12,799.0183 1,092.2299 $ 11,706.7884 48,972.6482
177 $ 12,799.0183 881.5077 $ 11,917.5106 37,055.1376
178 $ 12,799.0183 666.9925 $ 12,132.0258 24,923.1118
179 $ 12,799.0183 448.6160 $ 12,350.4023 12,572.7095
180 $ 12,799.0183 226.3088 $ 12,572.7095 - 0.0000
mos inflación más alta

nemos expectativas de infalción mas alta

Periodo Cuota
Monto 240,000,000 0
Monto UVR 682,394.7278
Plazo 180
Tasa i 1.80%
Abono K UVR 3,791.0818

Cuota COP
 Interes Abono K Saldo
682,394.7278
12,283.1051
 X

1 2

500,000
1,900,000 1,900,000

Monto X
Plazo 15
R 1,900,000
Tasa i mv 1.21%

Periodo Cuota
0 500,000
1 1,900,000
2 1,900,000
3 1,900,000
4 1,900,000
5 1,900,000
6 1,900,000
7 1,900,000
8 1,900,000
9 1,900,000
10 1,900,000
11 1,900,000
 12 1,900,000
13 1,900,000
14 1,900,000
15 1,900,000
16
17
18 4,500,000
19
20
21
22
23
24 4,500,000

33,419,411

1,670,971

vp
Cuota

Periodo Cuota Interés

0 1,670,971
1 386,222
2 390,921
3 395,677
4 1,764,898 400,490
5 1,764,898 383,892
6 1,764,898 367,092
7 1,764,898 350,087
8 1,764,898 332,876
9 1,764,898 315,455
10 1,764,898 297,823
11 1,764,898 279,976
12 1,764,898 261,912
13 1,764,898 243,628
14 1,764,898 225,121
15 1,764,898 206,390
16 1,764,898 187,430
17 1,764,898 168,240
18 1,764,898 148,817
19 1,764,898 129,157
20 1,764,898 109,258
21 1,764,898 50,189
22 29,329
23 29,686
24 2,500,000 30,047

33,419,411

R1
vp
cuota

Periodo
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
33,419,411

Periodo
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
 23
24
25
26
27
28
29
30
31
32
33

10 11

0,07X 1,150,000 1,150,000

0.93 vp mes 9
vp mes 0
Meses 39
 0 1

140 140
 X

9,927,439 880,000

vp mes 4
vp mes 0

0.8

Periodo Cuota
0 9,927,439
1
2
3
4
5 880,000
6 880,000
7 880,000
8 880,000
9 880,000
10 880,000
11 880,000
12 880,000
13 880,000
14 880,000
15 880,000
16 880,000
17 880,000
18 880,000
19 880,000
20 880,000
21 880,000
22 880,000
23 880,000
24 880,000
25 880,000
26 880,000
27 880,000
28 880,000
29 880,000
30 880,000
31 880,000
32 880,000
33 880,000
34 880,000
35 880,000
36 880,000
37 880,000
38 880,000
39 880,000
40 880,000
41 880,000
42 880,000
43 880,000
44 880,000
45 880,000
46 880,000
47 880,000
48 880,000
49 880,000
 50 880,000
51 880,000
52 880,000

49,829,742

VP mes 3

9,927,439

Monto a financiar 39,902,303

Cuota mes 62 9,975,576
VP cuota 62 4,770,393
75% 100% 100% Monto vp mes 0 35,131,910
45% X 60% Cuota mes 45% 21,079,146
Cuota trim 30% 14,052,764

Periodo
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
 95
96
97
98
99
100
101
 3 4 5 ..15 18

1,900,000 1,900,000 1,900,000 1,900,000 4,500,000

X= 500.000 + VP (1.900.000) + 4.500.000/(1+i)^18 + 4.500.000/(1+i)^18

500,000
25,922,349 $ 25,922,349
3,624,615
3,372,447
4,136,911
X= 33,419,411 3,849,101

Interés Abono K Saldo

32,919,411
398,022 1,501,978 31,417,433
379,862 1,520,138 29,897,295
361,482 1,538,518 28,358,777
342,880 1,557,120 26,801,658
324,053 1,575,947 25,225,711
304,999 1,595,001 23,630,710
285,714 1,614,286 22,016,424
266,196 1,633,804 20,382,620
246,442 1,653,558 18,729,063
226,449 1,673,551 17,055,512
206,215 1,693,785 15,361,727
 185,736 1,714,264 13,647,462
165,009 1,734,991 11,912,471
144,031 1,755,969 10,156,502
122,800 1,777,200 8,379,303
101,312 - 101,312 8,480,615
102,537 - 102,537 8,583,152
103,777 4,396,223 4,186,930
50,623 - 50,623 4,237,553
51,235 - 51,235 4,288,788
51,855 - 51,855 4,340,643
52,482 - 52,482 4,393,125
53,116 - 53,116 4,446,241
53,759 4,446,241 0

4 5 6 7

X X X X

33,419,411 2,512,598 1,870,284

27,365,559
28,376,471 3,086,000
$ 1,764,897.51 2,297,103

Abono K Saldo
 31,748,441
- 386,222 32,134,663
- 390,921 32,525,584
- 395,677 32,921,261
1,364,408 31,556,853
1,381,006 30,175,848
1,397,806 28,778,042
1,414,810 27,363,232
1,432,021 25,931,210
1,449,442 24,481,768
1,467,075 23,014,693
1,484,922 21,529,771
1,502,986 20,026,785
1,521,270 18,505,515
1,539,776 16,965,739
1,558,508 15,407,231
1,577,467 13,829,764
1,596,657 12,233,107
1,616,081 10,617,026
1,635,740 8,981,286
1,655,639 4,125,646
1,714,709 2,410,937
- 29,329 2,440,267
- 29,686 2,469,953
2,469,953 - 0

1 2 3 10 5

R1 R1 R1 R1 R1
 1,500,000

33,419,411 1,331,098 1,181,215 1,048,209

29,858,889
$ 1,422,465.81

Cuota Interés Abono K Saldo

1,422,466 31,996,946
1,422,466 384,530 1,037,936 30,959,010
1,422,466 372,056 1,050,409 29,908,600
1,422,466 359,433 1,063,033 28,845,568
1,422,466 346,658 1,075,808 27,769,759
1,422,466 333,729 1,088,737 26,681,022
1,422,466 320,645 1,101,821 25,579,201
1,422,466 307,403 1,115,062 24,464,139
1,422,466 294,003 1,128,463 23,335,676
1,422,466 280,441 1,142,024 22,193,652
1,422,466 266,717 1,155,749 19,537,903
1,422,466 234,801 1,187,665 18,350,238
1,422,466 220,528 1,201,938 17,148,300
1,422,466 206,083 1,216,383 15,931,917
1,422,466 191,465 1,231,001 14,700,917
1,422,466 176,671 1,245,794 13,455,122
1,422,466 161,700 1,260,766 12,194,356
1,422,466 146,548 1,275,918 10,918,439
1,422,466 131,215 1,291,251 9,627,188
1,422,466 115,697 1,306,769 8,320,418
1,422,466 99,992 1,322,473 5,497,945
1,422,466 66,073 1,356,393 4,141,552
1,422,466 49,772 1,372,694 2,768,858
1,422,466 33,275 1,389,190 1,379,668
16,580 - 16,580 1,396,248
16,780 - 16,780 1,413,028
16,981 - 16,981 1,430,009
17,185 - 17,185 1,447,195
17,392 - 17,392 1,464,587
17,601 - 17,601 1,482,187
1,500,000 17,812 1,482,188 - 0
 7 9 11 13 15

668,388 668,388

33,419,411 550,160 532,597 515,595

31,321,924
vp 33,968,272
$ 3,068,405.33

Cuota Interés Abono K Saldo

33,419,411
546,541 - 546,541 33,965,953
555,480 - 555,480 34,521,432
564,564 - 564,564 35,085,996
573,797 - 573,797 35,659,793
583,181 - 583,181 36,242,974
592,718 - 592,718 36,835,692
3,068,405 602,411 2,465,994 34,369,698
562,082 - 562,082 34,931,780
3,068,405 571,275 2,497,131 32,434,649
530,437 - 530,437 32,965,086
3,068,405 539,111 2,529,294 30,435,792
668,388 497,747 170,641 30,265,151
3,068,405 494,957 2,573,449 27,691,702
668,388 452,870 215,518 27,476,184
3,068,405 449,346 2,619,060 24,857,125
668,388 406,514 261,875 24,595,250
3,068,405 402,231 2,666,174 21,929,076
668,388 358,628 309,760 21,619,316
3,068,405 353,563 2,714,843 18,904,473
309,164 - 309,164 19,213,637
3,068,405 314,220 2,754,185 16,459,452
269,178 - 269,178 16,728,630
 3,068,405 273,580 2,794,825 13,933,805
227,874 - 227,874 14,161,678
3,068,405 231,600 2,836,805 11,324,873
185,207 - 185,207 11,510,081
3,068,405 188,236 2,880,169 8,629,911
141,134 - 141,134 8,771,045
3,068,405 143,442 2,924,964 5,846,081
95,607 - 95,607 5,941,688
3,068,405 97,170 2,971,235 2,970,453
48,579 - 48,579 3,019,032
3,068,405 49,373 3,019,032 0

12 60 ..69 70 72

1,150,000 1,150,000 1,150,000 2,000,000

2,000,000

$ 50,594,086 vp mes 62 $ 17,805,694

45,933,495 vp mes 0 9,150,196

X 59,229,775 4,146,084

Periodo Cuota Interés Abono K Saldo

0 4,146,084 55,083,691
1 594,664 - 594,664 55,678,355
2 601,084 - 601,084 56,279,439
3 607,573 - 607,573 56,887,012
4 614,132 - 614,132 57,501,144
5 620,762 - 620,762 58,121,906
6 627,464 - 627,464 58,749,370
7 634,237 - 634,237 59,383,607
8 641,084 - 641,084 60,024,691
9 648,005 - 648,005 60,672,697
10 1,150,000 655,001 494,999 60,177,698
11 1,150,000 649,657 500,343 59,677,355
12 1,150,000 644,256 505,744 59,171,611
13 1,150,000 638,796 511,204 58,660,406
14 1,150,000 633,277 516,723 58,143,684
15 1,150,000 627,699 522,301 57,621,382
16 1,150,000 622,060 527,940 57,093,442
17 1,150,000 616,361 533,639 56,559,803
18 1,150,000 610,600 539,400 56,020,403
19 1,150,000 604,776 545,224 55,475,179
20 1,150,000 598,890 551,110 54,924,070
21 1,150,000 592,941 557,059 54,367,010
22 1,150,000 586,927 563,073 53,803,937
23 1,150,000 580,848 569,152 53,234,786
24 1,150,000 574,704 575,296 52,659,490
25 1,150,000 568,493 581,507 52,077,983
26 1,150,000 562,216 587,784 51,490,199
27 1,150,000 555,870 594,130 50,896,069
28 1,150,000 549,456 600,544 50,295,524
29 1,150,000 542,973 607,027 49,688,497
30 1,150,000 536,419 613,581 49,074,917
31 1,150,000 529,795 620,205 48,454,712
32 1,150,000 523,100 626,900 47,827,812
33 1,150,000 516,332 633,668 47,194,144
34 1,150,000 509,491 640,509 46,553,636
35 1,150,000 502,577 647,423 45,906,212
36 1,150,000 495,587 654,413 45,251,800
37 1,150,000 488,522 661,478 44,590,322
38 1,150,000 481,381 668,619 43,921,703
39 1,150,000 474,163 675,837 43,245,867
40 1,150,000 466,867 683,133 42,562,734
41 1,150,000 459,492 690,508 41,872,226
42 1,150,000 452,038 697,962 41,174,264
43 1,150,000 444,503 705,497 40,468,766
44 1,150,000 436,887 713,113 39,755,653
45 1,150,000 429,188 720,812 39,034,841
46 1,150,000 421,406 728,594 38,306,247
47 1,150,000 413,541 736,459 37,569,788
48 1,150,000 405,590 744,410 36,825,378
49 1,150,000 397,554 752,446 36,072,932
 50 1,150,000 389,431 760,569 35,312,363
51 1,150,000 381,220 768,780 34,543,582
52 1,150,000 372,920 777,080 33,766,503
53 1,150,000 364,531 785,469 32,981,034
54 1,150,000 356,052 793,948 32,187,086
55 1,150,000 347,480 802,520 31,384,566
56 1,150,000 338,817 811,183 30,573,383
57 1,150,000 330,059 819,941 29,753,442
58 1,150,000 321,208 828,792 28,924,650
59 1,150,000 312,260 837,740 28,086,910
60 1,150,000 303,216 846,784 27,240,126
61 1,150,000 294,075 855,925 26,384,201
62 1,150,000 284,835 865,165 25,519,036
63 1,150,000 275,495 874,505 24,644,530
64 3,150,000 266,054 2,883,946 21,760,584
65 1,150,000 234,920 915,080 20,845,504
66 3,150,000 225,041 2,924,959 17,920,544
67 1,150,000 193,464 956,536 16,964,008
68 3,150,000 183,137 2,966,863 13,997,146
69 1,150,000 151,108 998,892 12,998,254
70 2,000,000 140,325 1,859,675 11,138,578
71 120,248 - 120,248 11,258,826
72 2,000,000 121,546 1,878,454 9,380,373
73 101,267 - 101,267 9,481,640
74 2,000,000 102,360 1,897,640 7,584,000
75 81,874 - 81,874 7,665,875
76 2,000,000 82,758 1,917,242 5,748,633
77 62,060 - 62,060 5,810,693
78 2,000,000 62,730 1,937,270 3,873,423
79 41,816 - 41,816 3,915,239
80 2,000,000 42,268 1,957,732 1,957,507
81 21,133 - 21,133 1,978,639
82 2,000,000 21,361 1,978,639 0

Tasa i 5.24% nada

0.015% eda
 0.015% edv
0.438% mv

2 10 15 25 …38

140 140 140 140 140

1,200,000 1,200,000 1,200,000

Periodo Cuota Interés Saldo

0 140,000 140,000
1 140,000 613 280,613
2 140,000 1,228 421,841
3 140,000 1,846 563,687
4 140,000 2,467 706,154
5 140,000 3,091 849,245
6 140,000 3,717 992,961
7 140,000 4,346 1,137,307
8 1,340,000 4,977 2,482,284
9 140,000 10,864 2,633,148
10 140,000 11,524 2,784,672
11 140,000 12,187 2,936,860
12 1,340,000 12,853 4,289,713
13 140,000 18,774 4,448,487
14 140,000 19,469 4,607,956
15 140,000 20,167 4,768,123
16 140,000 20,868 4,928,991
17 140,000 21,572 5,090,562
18 140,000 22,279 5,252,841
19 140,000 22,989 5,415,831
20 140,000 23,703 5,579,533
21 140,000 24,419 5,743,952
22 140,000 25,139 5,909,091
23 140,000 25,861 6,074,952
24 1,340,000 26,587 7,441,539
25 140,000 32,568 7,614,108
26 140,000 33,323 7,787,431
27 140,000 34,082 7,961,513
28 140,000 34,844 8,136,357
29 140,000 35,609 8,311,966
 30 140,000 36,378 8,488,343
31 140,000 37,150 8,665,493
32 140,000 37,925 8,843,418
33 140,000 38,704 9,022,121
34 140,000 39,486 9,201,607
35 140,000 40,271 9,381,878
36 140,000 41,060 9,562,938
37 140,000 41,853 9,744,791
38 140,000 42,648 9,927,439
39 9,927,439

10 13 22 33 52

880,000 880,000 880,000 880,000 880,000

$ 33,006,377.12 0.05 0.05 0.05

31,648,964
41,576,403 0.045 0.043 0.041
X= 49,829,742 2,491,487

Interés Abono K Saldo

39,902,303
421,135 - 421,135 40,323,438
425,580 - 425,580 40,749,017
430,071 - 430,071 41,179,088
434,610 - 434,610 41,613,698
439,197 440,803 41,172,896
434,545 445,455 40,727,440
429,843 450,157 40,277,284
425,092 454,908 39,822,376
420,291 459,709 39,362,667
415,439 464,561 36,406,620
384,241 495,759 35,910,861
379,009 500,991 35,409,869
373,721 506,279 34,903,590
368,378 511,622 31,900,481
336,682 543,318 31,357,163
330,948 549,052 30,808,111
325,153 554,847 30,253,265
319,297 560,703 29,692,562
313,380 566,620 26,634,455
281,104 598,896 26,035,559
274,783 605,217 25,430,342
268,396 611,604 24,818,737
261,941 618,059 24,200,678
255,418 624,582 23,576,095
248,826 631,174 22,944,921
242,164 637,836 22,307,085
235,432 644,568 21,662,517
228,629 651,371 21,011,147
221,755 658,245 20,352,902
214,808 665,192 17,196,222
181,491 698,509 16,497,713
174,119 705,881 15,791,833
166,669 713,331 15,078,502
159,141 720,859 14,357,643
151,533 728,467 13,629,176
143,844 736,156 12,893,020
136,075 743,925 12,149,095
128,223 751,777 11,397,318
120,289 759,711 10,637,607
112,271 767,729 9,869,878
104,168 775,832 9,094,046
95,980 784,020 8,310,026
87,705 792,295 7,517,731
79,343 800,657 6,717,074
70,893 809,107 5,907,967
62,354 817,646 5,090,321
53,724 826,276 4,264,045
45,003 834,997 3,429,048
36,191 843,809 2,585,239
 27,285 852,715 1,732,524
18,285 861,715 870,809
9,191 870,809 - 0

27

4 6 8 ...27

R1 R1 R1 R1
45%

21,845,171 $ 1,052,605.50
19,843,520 $ 1,253,171.35

Cuota Interés Abono K Saldo

9,927,439 39,902,303
477,616 - 477,616 40,379,919
483,333 - 483,333 40,863,252
489,118 - 489,118 41,352,370
1,052,605 494,973 557,633 40,794,737
1,052,605 488,298 564,307 40,230,430
1,052,605 481,544 571,062 39,659,368
1,052,605 474,708 577,897 39,081,470
1,052,605 467,791 584,815 38,496,656
1,052,605 460,791 591,815 37,904,841
1,052,605 453,707 598,898 37,305,943
1,052,605 446,538 606,067 36,699,876
1,052,605 439,284 613,321 36,086,554
1,052,605 431,943 620,663 35,465,892
1,052,605 424,514 628,092 34,837,800
1,052,605 416,996 635,610 34,202,190
1,052,605 409,388 643,218 33,558,972
1,052,605 401,689 650,917 32,908,055
1,052,605 393,897 658,708 32,249,347
1,052,605 386,013 666,593 31,582,755
1,052,605 378,034 674,571 30,908,183
1,052,605 369,960 682,646 30,225,537
1,052,605 361,789 690,817 29,534,721
1,052,605 353,520 699,086 28,835,635
1,052,605 345,152 707,453 28,128,181
1,052,605 336,684 715,921 27,412,260
1,052,605 328,115 724,491 26,687,769
1,052,605 319,443 733,163 25,954,606
310,667 - 310,667 26,265,274
314,386 - 314,386 26,579,659
318,149 - 318,149 26,897,808
321,957 - 321,957 27,219,765
1,253,171 325,811 927,361 26,292,404
314,710 - 314,710 26,607,115
318,477 - 318,477 26,925,592
1,253,171 322,289 930,882 25,994,710
311,147 - 311,147 26,305,858
314,871 - 314,871 26,620,729
1,253,171 318,640 934,531 25,686,198
307,454 - 307,454 25,993,653
311,135 - 311,135 26,304,787
1,253,171 314,859 938,313 25,366,474
303,627 - 303,627 25,670,102
307,262 - 307,262 25,977,364
1,253,171 310,940 942,232 25,035,132
299,661 - 299,661 25,334,793
303,248 - 303,248 25,638,041
1,253,171 306,878 946,293 24,691,748
295,551 - 295,551 24,987,299
299,089 - 299,089 25,286,388
 1,253,171 302,669 950,503 24,335,885
291,292 - 291,292 24,627,177
294,778 - 294,778 24,921,955
1,253,171 298,307 954,865 23,967,091
286,877 - 286,877 24,253,968
290,311 - 290,311 24,544,279
1,253,171 293,786 959,385 23,584,894
282,303 - 282,303 23,867,196
285,682 - 285,682 24,152,878
1,253,171 289,101 964,070 23,188,808
277,562 - 277,562 23,466,369
280,884 - 280,884 23,747,253
11,228,747 284,246 10,944,501 12,802,752
153,244 - 153,244 12,955,996
155,079 - 155,079 13,111,075
1,253,171 156,935 1,096,237 12,014,838
143,813 - 143,813 12,158,651
145,535 - 145,535 12,304,186
1,253,171 147,277 1,105,895 11,198,291
134,039 - 134,039 11,332,331
135,644 - 135,644 11,467,975
1,253,171 137,267 1,115,904 10,352,071
123,911 - 123,911 10,475,981
125,394 - 125,394 10,601,375
1,253,171 126,895 1,126,277 9,475,098
113,413 - 113,413 9,588,512
114,771 - 114,771 9,703,283
1,253,171 116,145 1,137,027 8,566,256
102,535 - 102,535 8,668,791
103,762 - 103,762 8,772,553
1,253,171 105,004 1,148,167 7,624,386
91,261 - 91,261 7,715,647
92,353 - 92,353 7,808,001
1,253,171 93,459 1,159,712 6,648,288
79,578 - 79,578 6,727,866
80,530 - 80,530 6,808,396
1,253,171 81,494 1,171,677 5,636,719
67,469 - 67,469 5,704,188
68,277 - 68,277 5,772,465
1,253,171 69,094 1,184,077 4,588,388
54,921 - 54,921 4,643,309
55,579 - 55,579 4,698,888
1,253,171 56,244 1,196,927 3,501,961
41,917 - 41,917 3,543,878
42,419 - 42,419 3,586,297
1,253,171 42,927 1,210,245 2,376,052
28,440 - 28,440 2,404,493
28,781 - 28,781 2,433,273
1,253,171 29,125 1,224,046 1,209,228
14,474 - 14,474 1,223,702
14,647 - 14,647 1,238,349
1,253,171 14,823 1,238,349 - 0
 14.25% naba
2.38% eba
2.43% ebv
1.21% MV

24

4,500,000

Monto 25,922,349
Plazo 15
Tasa i 1.21%
Couta 1,900,000
PK=11= 7,375,715
15,361,727
14.25% NATA
3.562% eta
3.694% etv
1.217% mv

8 …20 21 24

X X X 2,500,000

3,200,000

Monto 28,376,471
Plazo 18
Tasa i 1.217%
Couta $ 1,764,897.51
PK=14= 6,850,003
12,233,107
14.25% nama
1.188% ema
1.202% MV

…20 23 30

R1 1,500,000
1,500,000
 14.25% NACA
4.750% eta
4.987% tv
1.635% mv
3.298% bv

17 ..33
Monto 33,419,411
Plazo 14
Tasa i 3.298%
Couta $ 3,068,405.33
PK=9= 13,933,805
668,388 668,388

499,136
 6.46%
0.538% eq
1.080% mv
2.171% bv

74 76 80 82

2,000,000 2,000,000 2,000,000 2,000,000

X
 39

VF 5,939,524
5,939,524 Otra forma Abonos extras
1,367,974
1,344,286
1,275,654

9,927,439
Tasa i 12.21% nasa
6.105% esa
6.502% esv
1.055% mv

0.05

0.036
Tasa i 14.25% NADA
0.395833% EDA
0.397406% EDV
1.19696% MV 72
3.63404% TM 101

32 35 38 41 70 101

R2 R2 R2 R2 R2 R2
25% 30%

Monto 39,902,303
Plazo 24
Tasa i 3.63404%
Couta 1,253,171
PK=53= 15,004,560
8,962,530
23,967,091
 X
PF= 0

1 2 3

0,08X 154,000 154,000 154,000

0.856461 2,788,979 2,788,979

X= 3,256,401 260,512

Periodo Cuota Interés

0 260,512
1 154,000 28,895
2 154,000 27,688
3 154,000 26,470
4 154,000 25,240
5 154,000 23,998
6 154,000 22,744
7 154,000 21,478
8 154,000 20,200
9 154,000 18,910
10 154,000 17,607
11 154,000 16,291
12 154,000 14,963
13 154,000 13,622
14 154,000 12,268
15 154,000 10,901
16 154,000 9,521
17 154,000 8,128
18 154,000 6,721
19 154,000 5,300
20 154,000 3,866
 21 2,418
22 2,441
23 2,465
24 260,512 2,489

3,256,401
PF= 0

2 4 6

162,820 X X X

3,256,401 162,820

Vp 2,972,835

Cuota 198,522 198,522

Periodo Cuota Interés

0 162,820
1 198,522 62,276
2 198,522 59,533
3 198,522 56,735
4 198,522 53,881
5 198,522 50,969
6 198,522 47,999
7 198,522 44,968
8 198,522 41,877
9 198,522 38,724
10 198,522 35,507
 11 198,522 32,226
12 198,522 28,878
13 198,522 25,463
14 198,522 21,979
15 361,342 18,425
16 198,522 11,522
17 198,522 7,758
18 198,522 3,918

X
PF= 0

1 2 3

210,000 210,000 210,000 210,000

0.97490 4,478,689
4,591,670
X= 4,709,874

Periodo Cuota Interés

0 210,000
1 210,000 47,483
2 210,000 45,769
3 210,000 44,036
4 210,000 42,284
5 210,000 40,514
6 210,000 38,726
7 210,000 36,919
8 210,000 35,092
9 210,000 33,247
 10 210,000 31,382
11 210,000 29,497
12 210,000 27,592
13 210,000 25,667
14 210,000 23,722
15 210,000 21,757
16 210,000 19,770
17 210,000 17,763
18 210,000 14,243
19 210,000 12,178
20 210,000 10,090
21 210,000 7,981
22 210,000 5,849
23 210,000 3,695
24 1,518
25 1,534
26 1,550
27 150,000 1,566

Tasa interés
47,970,000

4 5 6

R1 R1 R1

28,782,000 Monto a pagar del 40%

VP 29,586,621
Cuota mensua 1,380,063

Periodo Cuota Interés

0
1 442,910
2 446,999
3 451,126
4 1,380,063 455,292
5 1,380,063 446,753
6 1,380,063 438,136
7 1,380,063 429,439
8 1,380,063 420,662
9 1,380,063 411,804
10 1,380,063 402,864
11 1,380,063 393,841
12 1,380,063 384,735
13 1,380,063 375,545
14 1,380,063 366,271
15 1,380,063 356,910
16 1,380,063 347,463
17 1,380,063 337,929
18 1,380,063 328,307
19 1,380,063 318,596
20 1,380,063 308,796
21 1,380,063 298,905
22 1,380,063 288,922
23 1,380,063 278,848
24 1,380,063 268,680
25 1,380,063 258,419
26 1,380,063 248,062
27 1,380,063 237,611
28 227,062
29 229,159
30 231,275
31 233,410
32 235,565
33 237,740
34 239,935
35 242,150
36 1,005,154 244,386
37 237,362
38 1,005,154 239,554
39 232,485
40 1,005,154 234,631
41 227,517
42 1,005,154 229,618
43 222,457
44 1,005,154 224,511
45 217,303
46 1,005,154 219,310
47 212,054
48 1,005,154 214,012
49 206,707
50 1,005,154 208,616
51 201,261
52 1,005,154 203,120
53 195,714
54 1,005,154 197,521
55 190,064
56 1,005,154 191,819
57 184,310
58 1,005,154 186,012
59 178,448
60 1,005,154 180,096
61 172,478
62 1,005,154 174,071
63 166,397
64 1,005,154 167,934
65 160,203
66 1,005,154 161,683
67 153,895
68 1,005,154 155,316
69 147,469
70 1,005,154 148,831
71 140,924
72 1,005,154 142,225
73 134,258
74 1,005,154 135,498
75 127,468
76 1,005,154 128,645
77 120,552
78 1,005,154 121,665
79 113,508
80 1,005,154 114,556
81 106,333
82 1,005,154 107,315
83 99,025
84 1,005,154 99,939
85 91,581
86 1,005,154 92,427
 87 84,000
88 1,005,154 84,775
89 76,277
90 1,005,154 76,982
91 68,412
92 1,005,154 69,043
93 60,400
94 1,005,154 60,958
95 52,240
96 1,005,154 52,722
97 43,928
98 1,005,154 44,334
99 35,463
100 1,005,154 35,790
101 26,840
102 1,005,154 27,088
103 18,057
104 1,005,154 18,224
105 9,112
106 1,005,154 9,196
 11.30% NACA
3.767% ECA
3.914% ECV
0.964% MV

4 5 10 …20 24

154,000 154,000 154,000 154,000

0,08X

0.08 0.063539
Monto 3,256,401
Plazo 20
Abono K Saldo Tasa i 0.964%
2,995,889 Couta 154,000
125,105 2,870,784 PK=13= 1,037,587
126,312 2,744,472 234,408
127,530 2,616,942 1,271,995
128,760 2,488,182
130,002 2,358,180
131,256 2,226,924
132,522 2,094,402
133,800 1,960,602
135,090 1,825,512
136,393 1,689,118
137,709 1,551,410
139,037 1,412,373
140,378 1,271,995
141,732 1,130,263
143,099 987,164
144,479 842,685
145,872 696,813
147,279 549,533
148,700 400,833
150,134 250,699
- 2,418 253,117
- 2,441 255,559
- 2,465 258,023
258,023 0

Tasa i 11.84% naba

1.973% eba
2.013% bv
1.002% mv
8 10 ...18

X X X
162,820

120,746

Monto 2,972,835
Plazo 18
Tasa i 2.013%
Abono K Saldo Couta 198,522
3,093,581 PK=11= 1,284,188
136,247 2,957,334 150,344
138,989 2,818,345 1,434,532
141,787 2,676,558
144,641 2,531,916
147,553 2,384,363
150,523 2,233,840
153,554 2,080,286
156,645 1,923,641
159,798 1,763,843
163,015 1,600,829
 166,296 1,434,532
169,644 1,264,888
173,059 1,091,829
176,543 915,286
342,917 572,369
187,000 385,369
190,764 194,605
194,605 - 0

Tasa i 12.40% nata

3.100% eta
3.199% etv
1.055% mv

4 15 16 17 …23 27

210,000 210,000 210,000 210,000 210,000 150,000

0,03X

4,478,689 0.02510 112,981

141,296

Abono K Saldo
4,499,874
162,517 4,337,357
164,231 4,173,126
165,964 4,007,161
167,716 3,839,445
169,486 3,669,960
171,274 3,498,686
173,081 3,325,605
174,908 3,150,697
176,753 2,973,944
 178,618 2,795,325
180,503 2,614,822
182,408 2,432,414
184,333 2,248,081
186,278 2,061,804
188,243 1,873,560
190,230 1,683,330
192,237 1,349,797
195,757 1,154,040
197,822 956,218
199,910 756,308
202,019 554,289
204,151 350,138
206,305 143,832
- 1,518 145,350
- 1,534 146,884
- 1,550 148,434
148,434 0

73,800,000 Valor posgrado

25,830,000 Abono inicial
47,970,000 Monto a financiar
11.66% ea 28,782,000 Monto a pagar del 40%
0.9233% mv 19,188,000 Monto a pagar del 60%
1.8551% bm
27 72 106

7 …27 36 38 40

R1 R1 R2 R2 R2

19,188,000 Monto a pagar del 60%

Vp 26,226,458
Cuota bimestral 1,005,154

Abono K Saldo
47,970,000
- 442,910 48,412,910
- 446,999 48,859,909
- 451,126 49,311,036
924,771 48,386,264
933,310 47,452,955
941,927 46,511,027
950,624 45,560,403
959,401 44,601,002
968,259 43,632,743
977,199 42,655,543
986,222 41,669,322
995,328 40,673,994
1,004,518 39,669,476
1,013,792 38,655,684
1,023,153 37,632,531
1,032,600 36,599,931
1,042,134 35,557,797
1,051,756 34,506,041
1,061,467 33,444,575
1,071,267 32,373,307
1,081,158 31,292,149
1,091,141 30,201,008
1,101,215 29,099,793
1,111,383 27,988,410
1,121,644 26,866,765
1,132,001 25,734,765
1,142,452 24,592,312
- 227,062 24,819,374
- 229,159 25,048,533
- 231,275 25,279,808
- 233,410 25,513,218
- 235,565 25,748,783
- 237,740 25,986,523
- 239,935 26,226,458
- 242,150 26,468,609
760,767 25,707,841
- 237,362 25,945,203
765,600 25,179,603
- 232,485 25,412,088
770,522 24,641,565
- 227,517 24,869,083
 775,536 24,093,547
- 222,457 24,316,004
780,643 23,535,361
- 217,303 23,752,665
785,844 22,966,821
- 212,054 23,178,875
791,142 22,387,733
- 206,707 22,594,440
796,538 21,797,902
- 201,261 21,999,164
802,034 21,197,129
- 195,714 21,392,844
807,632 20,585,212
- 190,064 20,775,276
813,334 19,961,942
- 184,310 20,146,252
819,142 19,327,109
- 178,448 19,505,558
825,058 18,680,500
- 172,478 18,852,978
831,083 18,021,895
- 166,397 18,188,292
837,220 17,351,072
- 160,203 17,511,276
843,471 16,667,805
- 153,895 16,821,700
849,838 15,971,862
- 147,469 16,119,331
856,323 15,263,008
- 140,924 15,403,932
862,928 14,541,004
- 134,258 14,675,262
869,656 13,805,606
- 127,468 13,933,074
876,509 13,056,565
- 120,552 13,177,117
883,489 12,293,628
- 113,508 12,407,136
890,598 11,516,538
- 106,333 11,622,871
897,839 10,725,032
- 99,025 10,824,057
905,215 9,918,842
- 91,581 10,010,424
912,727 9,097,697
- 84,000 9,181,696
920,379 8,261,318
- 76,277 8,337,595
928,172 7,409,423
- 68,412 7,477,834
936,110 6,541,724
- 60,400 6,602,124
944,196 5,657,928
- 52,240 5,710,168
952,431 4,757,737
- 43,928 4,801,665
960,820 3,840,846
- 35,463 3,876,308
969,364 2,906,945
- 26,840 2,933,785
978,066 1,955,719
- 18,057 1,973,776
986,930 986,846
- 9,112 995,958
995,958 0
or posgrado

nto a financiar
nto a pagar del 40%
nto a pagar del 60%

42 …106

R2 R2