Por medio de un pagaré nos comprometimos a cancelar después de año y medio un valor de 3.

2
es del 1.5% mensual vencida, hallar el valor inicial de la obligación. Respuesta:

ANALISIS DEL EJERCCICIO FORMULA MATEMATICA

F $ 3,285,000.00
TASA 1.50% MV 0.00015
TIEMPO 18 MESES
VP ? VP formula
TABLA DE AMORTIZACION
PERIODOS CAPITAL COMPUESTO INTERES COMPUESTO
1 $ 2,512,734.56 $ 37,691.02
2 $ 2,550,425.58 $ 38,256.38
3 $ 2,588,681.96 $ 38,830.23
4 $ 2,627,512.19 $ 39,412.68
5 $ 2,666,924.88 $ 40,003.87
6 $ 2,706,928.75 $ 40,603.93
7 $ 2,747,532.68 $ 41,212.99
8 $ 2,788,745.67 $ 41,831.19
9 $ 2,830,576.86 $ 42,458.65
10 $ 2,873,035.51 $ 43,095.53
11 $ 2,916,131.04 $ 43,741.97
12 $ 2,959,873.01 $ 44,398.10
13 $ 3,004,271.10 $ 45,064.07
14 $ 3,049,335.17 $ 45,740.03
15 $ 3,095,075.20 $ 46,426.13
16 $ 3,141,501.32 $ 47,122.52
17 $ 3,188,623.84 $ 47,829.36
18 $ 3,236,453.20 $ 48,546.80
$ 772,265.44
pués de año y medio un valor de 3.285.000 u.m. Si la tasa de interés
ación. Respuesta:

VP CAPITAL HOY
F CAPITAL FUTURO
i tasa de interes
1 100%
n numero de periodos
$ 2,512,734.56 vp excel $ 2,512,734.56

SALDO COMPUESTO
$ 2,550,425.58
$ 2,588,681.96
$ 2,627,512.19
$ 2,666,924.88
$ 2,706,928.75
$ 2,747,532.68
$ 2,788,745.67
$ 2,830,576.86
$ 2,873,035.51
$ 2,916,131.04
$ 2,959,873.01
$ 3,004,271.10
$ 3,049,335.17
$ 3,095,075.20
$ 3,141,501.32
$ 3,188,623.84
$ 3,236,453.20
$ 3,285,000.00 $ 772,265.44
Un inversionista estima que un lote de terreno puede ser negociado dentro de 3.5 años por 85.000.00
dispuesto a pagar hoy, si desea obtener un interés del 3% semestral vencida? Respuesta

TIEMPO 3.5 AÑOS 3 SEMESTRES

F $ 85,000,000.00
VP
TASA 0.03 SEMESTRAL VP POR FORMULA

PERIODOS CAPITAL INICIAL INTERES SALDO

1 $ 69,112,778.46 $ 2,073,383.35 $ 71,186,161.82
2 $ 71,186,161.82 $ 2,135,584.85 $ 73,321,746.67
3 $ 73,321,746.67 $ 2,199,652.40 $ 75,521,399.07
4 $ 75,521,399.07 $ 2,265,641.97 $ 77,787,041.05
5 $ 77,787,041.05 $ 2,333,611.23 $ 80,120,652.28
6 $ 80,120,652.28 $ 2,403,619.57 $ 82,524,271.84
7 $ 82,524,271.84 $ 2,475,728.16 $ 85,000,000.00
$ 15,887,221.54
do dentro de 3.5 años por 85.000.000 u.m.. ¿Cuánto será lo máximo que él está
ral vencida? Respuesta

$ 69,112,778.46 VP POR EXCEL $ 69,112,778.46

$ 69,112,778.46
Hallar la tasa de interés mensual vencida que obtenemos cuando invertimos 210.000 u.m. y al cabo d

TASA ? MV
VP $ 210,000.00
TIEMPO 10 MESES
VF $ 311,650.00
formula excel tasa 4%
formula numerica i $ 1.48 4%

PERIODOS CAPITAL INTERES SALDO

1 $ 210,000.00 $ 8,456.05 $ 218,456.05
2 $ 218,456.05 $ 8,796.55 $ 227,252.60
3 $ 227,252.60 $ 9,150.76 $ 236,403.36
4 $ 236,403.36 $ 9,519.23 $ 245,922.59
5 $ 245,922.59 $ 9,902.54 $ 255,825.14
6 $ 255,825.14 $ 10,301.29 $ 266,126.42
7 $ 266,126.42 $ 10,716.09 $ 276,842.51
8 $ 276,842.51 $ 11,147.59 $ 287,990.10
9 $ 287,990.10 $ 11,596.47 $ 299,586.57
10 $ 299,586.57 $ 12,063.43 $ 311,650.00
10.000 u.m. y al cabo de 10 meses podemos retirar 311.650 u.m. Respuesta:
Se compra un lote de terreno por valor de 90.000.000 u.m. y espera venderlo dentro de un año en 12
mensual vencida que rinden los dineros allí invertidos? Respuesta:

VP $ 90,000,000.00
VF $ 120,000,000.00
TASA ? MENSUAL CON FORMULA EXCEL 2%
TIEMPO 12 MESESS
CON FORMULA 1.333333333333 2%

CAPITAL INTERES SALDO

1 $ 90,000,000.00 $ 2,183,686.27 $ 92,183,686.27
2 $ 92,183,686.27 $ 2,236,669.44 $ 94,420,355.71
3 $ 94,420,355.71 $ 2,290,938.16 $ 96,711,293.86
4 $ 96,711,293.86 $ 2,346,523.60 $ 99,057,817.47
5 $ 99,057,817.47 $ 2,403,457.73 $ 101,461,275.20
6 $ 101,461,275.20 $ 2,461,773.26 $ 103,923,048.45
7 $ 103,923,048.45 $ 2,521,503.71 $ 106,444,552.16
8 $ 106,444,552.16 $ 2,582,683.41 $ 109,027,235.57
9 $ 109,027,235.57 $ 2,645,347.52 $ 111,672,583.09
10 $ 111,672,583.09 $ 2,709,532.07 $ 114,382,115.16
11 $ 114,382,115.16 $ 2,775,273.93 $ 117,157,389.09
12 $ 117,157,389.09 $ 2,842,610.91 $ 120,000,000.00
entro de un año en 120.000.000 u.m. ¿cuál es la tasa de interés
Una caja de ahorros reconoce el 2.5% trimestral vencida. Si hoy deposito 250.000 u.m. ¿cuánto tiem

TASA 2.5 TV
VP 250000
TIEMPO ?
VF 325000
1.025
LOG 0.01072386539177

1.3
LOG 0.11394335230684

RESULTADO 10.6252128448246

1 $ 250,000.00 $ 6,250.00 $ 256,250.00

2 $ 256,250.00 $ 6,406.25 $ 262,656.25
3 $ 262,656.25 $ 6,566.41 $ 269,222.66
4 $ 269,222.66 $ 6,730.57 $ 275,953.22
5 $ 275,953.22 $ 6,898.83 $ 282,852.05
6 $ 282,852.05 $ 7,071.30 $ 289,923.35
7 $ 289,923.35 $ 7,248.08 $ 297,171.44
8 $ 297,171.44 $ 7,429.29 $ 304,600.72
9 $ 304,600.72 $ 7,615.02 $ 312,215.74
10 $ 312,215.74 $ 7,805.39 $ 320,021.14
11 $ 320,021.14 $ 8,000.53 $ 328,021.66
0 u.m. ¿cuánto tiempo debe esperar para retirar 325.000 u.m. Respuesta:
 6. Un ahorrador piensa hacer los siguientes depósitos en una cuenta de ahorros que le
reconoce el 1.0 % mensual simple:
- Dentro de 4 meses la suma de 500.000 u.m.
- Dentro de 8 meses la suma de 1.000.000 u.m.

Calcula el valor disponible en la cuenta al final del año.

ANALISIS EJERCICIO
TIEMPO 1 → 4 MESES 4 Formula 1 $ 541,428.35
TIEMPO 2 → 8 MESES 8 Formula 2 $ 1,040,604.01
TASA → 1,0% 0.01
VP 1 $ 500,000.00
VP 2 $ 1,000,000.00
VF $ 1,582,032.36

TABLA DE AMORTIZACION 1
PERIODOS INICIAL INTERES SUMA
1 $ 500,000.00 $ 5,000.00 $ 505,000.00
2 $ 505,000.00 $ 5,050.00 $ 510,050.00
3 $ 510,050.00 $ 5,100.50 $ 515,150.50
4 $ 515,150.50 $ 5,151.51 $ 520,302.01
5 $ 520,302.01 $ 5,203.02 $ 525,505.03
6 $ 525,505.03 $ 5,255.05 $ 530,760.08
7 $ 530,760.08 $ 5,307.60 $ 536,067.68
8 $ 536,067.68 $ 5,360.68 $ 541,428.35
FX1 $ 541,428.35
FX2 $ 1,040,604.01

TABLA DE AMORTIZACION 2
PERIODOS INICIAL INTERES SUMA
1 $ 1,000,000.00 $ 10,000.00 $ 1,010,000.00
2 $ 1,010,000.00 $ 10,100.00 $ 1,020,100.00
3 $ 1,020,100.00 $ 10,201.00 $ 1,030,301.00
4 $ 1,030,301.00 $ 10,303.01 $ 1,040,604.01
7. Un inversionista se encuentra ante la opción de elegir una de las siguientes alternativas:
a. Comprar hoy una bodega por 20.500.000 u.m. con la posibilidad de venderla por
40.500.000 u.m. dentro de 2.5 años.
b. Prestar este dinero a una tasa de interés del 1.30 % mensual vencido.
¿Qué le recomendarías al inversionista?

ANALISIS EJERCICIO
VP → $ 20,500,000
VF → $ 40,500,000
TIEMPO 2.5 30
TASA 1.30 0.013

Opción A: Comprar la bodega y venderla en 2.5 años:

Valor presente (VP) = 20,500,000 u.m.

Valor futuro (VF) = 40,500,000 u.m. (el precio de venta después de 2.5 años)

Opción B: Prestar el dinero a una tasa del 1.30 % mensual:

VF=VP*(1+i)^30

$ 30,202,106

RESPUESTA

Dado que el valor futuro de la bodega (Opción A) es mayor que el valor futuro del préstamo (Opción B), se recomendaría
inversionista optar por la Opción A: comprar la bodega por 20,500,000 u.m. y venderla por 40,500,000 u.m. después de 2.5 a
Esto proporcionaría un mayor rendimiento en comparación con prestar el dinero a la tasa de interés mensual indicada.

TABLA DE AMORTIZACION

PERIODOS INICIAL INTERES SUMA

1 $ 20,500,000 $ 266,500 $ 20,766,500
2 $ 20,766,500 $ 269,965 $ 21,036,465
3 $ 21,036,465 $ 273,474 $ 21,309,939
4 $ 21,309,939 $ 277,029 $ 21,586,968
5 $ 21,586,968 $ 280,631 $ 21,867,598
6 $ 21,867,598 $ 284,279 $ 22,151,877
7 $ 22,151,877 $ 287,974 $ 22,439,852
8 $ 22,439,852 $ 291,718 $ 22,731,570
 9 $ 22,731,570 $ 295,510 $ 23,027,080
10 $ 23,027,080 $ 299,352 $ 23,326,432
11 $ 23,326,432 $ 303,244 $ 23,629,676
12 $ 23,629,676 $ 307,186 $ 23,936,861
13 $ 23,936,861 $ 311,179 $ 24,248,041
14 $ 24,248,041 $ 315,225 $ 24,563,265
15 $ 24,563,265 $ 319,322 $ 24,882,588
16 $ 24,882,588 $ 323,474 $ 25,206,061
17 $ 25,206,061 $ 327,679 $ 25,533,740
18 $ 25,533,740 $ 331,939 $ 25,865,679
19 $ 25,865,679 $ 336,254 $ 26,201,932
20 $ 26,201,932 $ 340,625 $ 26,542,558
21 $ 26,542,558 $ 345,053 $ 26,887,611
22 $ 26,887,611 $ 349,539 $ 27,237,150
23 $ 27,237,150 $ 354,083 $ 27,591,233
24 $ 27,591,233 $ 358,686 $ 27,949,919
25 $ 27,949,919 $ 363,349 $ 28,313,268
26 $ 28,313,268 $ 368,072 $ 28,681,340
27 $ 28,681,340 $ 372,857 $ 29,054,198
28 $ 29,054,198 $ 377,705 $ 29,431,902
29 $ 29,431,902 $ 382,615 $ 29,814,517
30 $ 29,814,517 $ 387,589 $ 30,202,106
 $ 30,202,105.61

mo (Opción B), se recomendaría al

0,500,000 u.m. después de 2.5 años.
sa de interés mensual indicada.
Se invirtieron 2.000.000 u.m. y después de 3 años se recibieron 3.600.000 u.m. ¿Qué tasa trimestral vencida arrojó la
operación financiera?

ANALISIS DEL EJERCICIO

VP $ 2,000,000
VF $ 3,600,000
TIEMPO 3 AÑOS 12 trimestres
i ?

FORMULA 5.02% I excel 5.02%

TABLA DE AMOTIZACION

PERIODOS CAPITAL INTERES SALDO

1 $ 2,000,000 $ 100,403 $ 2,100,403
2 $ 2,100,403 $ 105,444 $ 2,205,847
3 $ 2,205,847 $ 110,737 $ 2,316,584
4 $ 2,316,584 $ 116,296 $ 2,432,881
5 $ 2,432,881 $ 122,135 $ 2,555,016
6 $ 2,555,016 $ 128,266 $ 2,683,282
7 $ 2,683,282 $ 134,705 $ 2,817,987
8 $ 2,817,987 $ 141,468 $ 2,959,454
9 $ 2,959,454 $ 148,570 $ 3,108,024
10 $ 3,108,024 $ 156,028 $ 3,264,052
11 $ 3,264,052 $ 163,861 $ 3,427,913
12 $ 3,427,913 $ 172,087 $ 3,600,000
mestral vencida arrojó la
 i 12% 0.00033 0.01 mes

A. hoy $ 6,500,000 formula

pagare 1 $ 3,313,613.53
t 167 dias total
vf $ 3,500,600 $ 9,813,613.53

B. vf1 $ 3,000,000 formula 1

t1 120 dias $ 2,883,966.83
vf2 $ 6,300,500 formula 2
t2 180 dias $ 5,938,524.13
total
$ 8,822,490.96

c. hoy $ 2,000,000 formula

pagare $ 7,207,352.58
vf $ 7,500,000 total
t 4 meses $ 9,207,352.58

A. TABLA DE AMORTIZACION
PERIODOS CAPITAL INTERES SALDO
1 $ 3,313,613.53 $ 1,089.40719 $ 3,314,702.94156
2 $ 3,314,702.94 $ 1,089.76535 $ 3,315,792.70691
3 $ 3,315,792.71 $ 1,090.12363 $ 3,316,882.83054
4 $ 3,316,882.83 $ 1,090.48203 $ 3,317,973.31256
5 $ 3,317,973.31 $ 1,090.84054 $ 3,319,064.15310
6 $ 3,319,064.15 $ 1,091.19917 $ 3,320,155.35228
7 $ 3,320,155.35 $ 1,091.55792 $ 3,321,246.91020
8 $ 3,321,246.91 $ 1,091.91679 $ 3,322,338.82699
9 $ 3,322,338.83 $ 1,092.27578 $ 3,323,431.10277
10 $ 3,323,431.10 $ 1,092.63488 $ 3,324,523.73766
11 $ 3,324,523.74 $ 1,092.99411 $ 3,325,616.73176
12 $ 3,325,616.73 $ 1,093.35345 $ 3,326,710.08521
13 $ 3,326,710.09 $ 1,093.71290 $ 3,327,803.79811
14 $ 3,327,803.80 $ 1,094.07248 $ 3,328,897.87059
15 $ 3,328,897.87 $ 1,094.43218 $ 3,329,992.30277
16 $ 3,329,992.30 $ 1,094.79199 $ 3,331,087.09476
17 $ 3,331,087.09 $ 1,095.15192 $ 3,332,182.24668
18 $ 3,332,182.25 $ 1,095.51197 $ 3,333,277.75865
19 $ 3,333,277.76 $ 1,095.87214 $ 3,334,373.63079
20 $ 3,334,373.63 $ 1,096.23243 $ 3,335,469.86322
21 $ 3,335,469.86 $ 1,096.59283 $ 3,336,566.45605
22 $ 3,336,566.46 $ 1,096.95336 $ 3,337,663.40941
23 $ 3,337,663.41 $ 1,097.31400 $ 3,338,760.72340
24 $ 3,338,760.72 $ 1,097.67476 $ 3,339,858.39816
25 $ 3,339,858.40 $ 1,098.03564 $ 3,340,956.43380
26 $ 3,340,956.43 $ 1,098.39664 $ 3,342,054.83044
27 $ 3,342,054.83 $ 1,098.75775 $ 3,343,153.58819
28 $ 3,343,153.59 $ 1,099.11899 $ 3,344,252.70718
29 $ 3,344,252.71 $ 1,099.48034 $ 3,345,352.18752
30 $ 3,345,352.19 $ 1,099.84182 $ 3,346,452.02933
31 $ 3,346,452.03 $ 1,100.20341 $ 3,347,552.23274
32 $ 3,347,552.23 $ 1,100.56512 $ 3,348,652.79786
33 $ 3,348,652.80 $ 1,100.92695 $ 3,349,753.72481
34 $ 3,349,753.72 $ 1,101.28890 $ 3,350,855.01370
35 $ 3,350,855.01 $ 1,101.65096 $ 3,351,956.66466
36 $ 3,351,956.66 $ 1,102.01315 $ 3,353,058.67781
37 $ 3,353,058.68 $ 1,102.37546 $ 3,354,161.05327
38 $ 3,354,161.05 $ 1,102.73788 $ 3,355,263.79115
39 $ 3,355,263.79 $ 1,103.10042 $ 3,356,366.89158
40 $ 3,356,366.89 $ 1,103.46309 $ 3,357,470.35466
41 $ 3,357,470.35 $ 1,103.82587 $ 3,358,574.18053
42 $ 3,358,574.18 $ 1,104.18877 $ 3,359,678.36930
43 $ 3,359,678.37 $ 1,104.55179 $ 3,360,782.92110
44 $ 3,360,782.92 $ 1,104.91493 $ 3,361,887.83603
45 $ 3,361,887.84 $ 1,105.27819 $ 3,362,993.11422
46 $ 3,362,993.11 $ 1,105.64157 $ 3,364,098.75580
47 $ 3,364,098.76 $ 1,106.00507 $ 3,365,204.76087
48 $ 3,365,204.76 $ 1,106.36869 $ 3,366,311.12955
49 $ 3,366,311.13 $ 1,106.73243 $ 3,367,417.86198
50 $ 3,367,417.86 $ 1,107.09628 $ 3,368,524.95826
51 $ 3,368,524.96 $ 1,107.46026 $ 3,369,632.41852
52 $ 3,369,632.42 $ 1,107.82436 $ 3,370,740.24288
53 $ 3,370,740.24 $ 1,108.18857 $ 3,371,848.43145
54 $ 3,371,848.43 $ 1,108.55291 $ 3,372,956.98436
55 $ 3,372,956.98 $ 1,108.91736 $ 3,374,065.90173
56 $ 3,374,065.90 $ 1,109.28194 $ 3,375,175.18367
57 $ 3,375,175.18 $ 1,109.64664 $ 3,376,284.83030
58 $ 3,376,284.83 $ 1,110.01145 $ 3,377,394.84175
59 $ 3,377,394.84 $ 1,110.37639 $ 3,378,505.21814
60 $ 3,378,505.22 $ 1,110.74144 $ 3,379,615.95958
61 $ 3,379,615.96 $ 1,111.10662 $ 3,380,727.06620
62 $ 3,380,727.07 $ 1,111.47191 $ 3,381,838.53811
63 $ 3,381,838.54 $ 1,111.83733 $ 3,382,950.37544
64 $ 3,382,950.38 $ 1,112.20286 $ 3,384,062.57830
65 $ 3,384,062.58 $ 1,112.56852 $ 3,385,175.14682
 66 $ 3,385,175.15 $ 1,112.93429 $ 3,386,288.08112
67 $ 3,386,288.08 $ 1,113.30019 $ 3,387,401.38131
68 $ 3,387,401.38 $ 1,113.66621 $ 3,388,515.04751
69 $ 3,388,515.05 $ 1,114.03234 $ 3,389,629.07986
70 $ 3,389,629.08 $ 1,114.39860 $ 3,390,743.47846
71 $ 3,390,743.48 $ 1,114.76498 $ 3,391,858.24344
72 $ 3,391,858.24 $ 1,115.13148 $ 3,392,973.37492
73 $ 3,392,973.37 $ 1,115.49810 $ 3,394,088.87301
74 $ 3,394,088.87 $ 1,115.86483 $ 3,395,204.73785
75 $ 3,395,204.74 $ 1,116.23169 $ 3,396,320.96954
76 $ 3,396,320.97 $ 1,116.59867 $ 3,397,437.56822
77 $ 3,397,437.57 $ 1,116.96578 $ 3,398,554.53399
78 $ 3,398,554.53 $ 1,117.33300 $ 3,399,671.86699
79 $ 3,399,671.87 $ 1,117.70034 $ 3,400,789.56733
80 $ 3,400,789.57 $ 1,118.06780 $ 3,401,907.63513
81 $ 3,401,907.64 $ 1,118.43539 $ 3,403,026.07052
82 $ 3,403,026.07 $ 1,118.80309 $ 3,404,144.87361
83 $ 3,404,144.87 $ 1,119.17092 $ 3,405,264.04453
84 $ 3,405,264.04 $ 1,119.53886 $ 3,406,383.58339
85 $ 3,406,383.58 $ 1,119.90693 $ 3,407,503.49032
86 $ 3,407,503.49 $ 1,120.27512 $ 3,408,623.76544
87 $ 3,408,623.77 $ 1,120.64343 $ 3,409,744.40887
88 $ 3,409,744.41 $ 1,121.01186 $ 3,410,865.42074
89 $ 3,410,865.42 $ 1,121.38041 $ 3,411,986.80115
90 $ 3,411,986.80 $ 1,121.74909 $ 3,413,108.55023
91 $ 3,413,108.55 $ 1,122.11788 $ 3,414,230.66811
92 $ 3,414,230.67 $ 1,122.48679 $ 3,415,353.15491
93 $ 3,415,353.15 $ 1,122.85583 $ 3,416,476.01074
94 $ 3,416,476.01 $ 1,123.22499 $ 3,417,599.23573
95 $ 3,417,599.24 $ 1,123.59427 $ 3,418,722.83000
96 $ 3,418,722.83 $ 1,123.96367 $ 3,419,846.79367
97 $ 3,419,846.79 $ 1,124.33319 $ 3,420,971.12686
98 $ 3,420,971.13 $ 1,124.70284 $ 3,422,095.82970
99 $ 3,422,095.83 $ 1,125.07260 $ 3,423,220.90230
100 $ 3,423,220.90 $ 1,125.44249 $ 3,424,346.34479
101 $ 3,424,346.34 $ 1,125.81250 $ 3,425,472.15728
102 $ 3,425,472.16 $ 1,126.18263 $ 3,426,598.33991
103 $ 3,426,598.34 $ 1,126.55288 $ 3,427,724.89279
104 $ 3,427,724.89 $ 1,126.92325 $ 3,428,851.81604
105 $ 3,428,851.82 $ 1,127.29375 $ 3,429,979.10979
106 $ 3,429,979.11 $ 1,127.66436 $ 3,431,106.77415
107 $ 3,431,106.77 $ 1,128.03510 $ 3,432,234.80926
108 $ 3,432,234.81 $ 1,128.40596 $ 3,433,363.21522
109 $ 3,433,363.22 $ 1,128.77695 $ 3,434,491.99217
110 $ 3,434,491.99 $ 1,129.14805 $ 3,435,621.14022
111 $ 3,435,621.14 $ 1,129.51928 $ 3,436,750.65950
112 $ 3,436,750.66 $ 1,129.89063 $ 3,437,880.55013
113 $ 3,437,880.55 $ 1,130.26210 $ 3,439,010.81223
114 $ 3,439,010.81 $ 1,130.63369 $ 3,440,141.44592
115 $ 3,440,141.45 $ 1,131.00541 $ 3,441,272.45133
116 $ 3,441,272.45 $ 1,131.37724 $ 3,442,403.82857
117 $ 3,442,403.83 $ 1,131.74920 $ 3,443,535.57778
118 $ 3,443,535.58 $ 1,132.12129 $ 3,444,667.69906
119 $ 3,444,667.70 $ 1,132.49349 $ 3,445,800.19255
120 $ 3,445,800.19 $ 1,132.86582 $ 3,446,933.05837
121 $ 3,446,933.06 $ 1,133.23827 $ 3,448,066.29663
122 $ 3,448,066.30 $ 1,133.61084 $ 3,449,199.90747
123 $ 3,449,199.91 $ 1,133.98353 $ 3,450,333.89100
124 $ 3,450,333.89 $ 1,134.35635 $ 3,451,468.24735
125 $ 3,451,468.25 $ 1,134.72929 $ 3,452,602.97664
126 $ 3,452,602.98 $ 1,135.10235 $ 3,453,738.07898
127 $ 3,453,738.08 $ 1,135.47553 $ 3,454,873.55452
128 $ 3,454,873.55 $ 1,135.84884 $ 3,456,009.40336
129 $ 3,456,009.40 $ 1,136.22227 $ 3,457,145.62563
130 $ 3,457,145.63 $ 1,136.59582 $ 3,458,282.22145
131 $ 3,458,282.22 $ 1,136.96950 $ 3,459,419.19095
132 $ 3,459,419.19 $ 1,137.34330 $ 3,460,556.53424
133 $ 3,460,556.53 $ 1,137.71722 $ 3,461,694.25146
134 $ 3,461,694.25 $ 1,138.09126 $ 3,462,832.34272
135 $ 3,462,832.34 $ 1,138.46543 $ 3,463,970.80815
136 $ 3,463,970.81 $ 1,138.83972 $ 3,465,109.64787
137 $ 3,465,109.65 $ 1,139.21413 $ 3,466,248.86200
138 $ 3,466,248.86 $ 1,139.58867 $ 3,467,388.45066
139 $ 3,467,388.45 $ 1,139.96333 $ 3,468,528.41399
140 $ 3,468,528.41 $ 1,140.33811 $ 3,469,668.75210
141 $ 3,469,668.75 $ 1,140.71301 $ 3,470,809.46511
142 $ 3,470,809.47 $ 1,141.08804 $ 3,471,950.55316
143 $ 3,471,950.55 $ 1,141.46320 $ 3,473,092.01635
144 $ 3,473,092.02 $ 1,141.83847 $ 3,474,233.85482
145 $ 3,474,233.85 $ 1,142.21387 $ 3,475,376.06869
146 $ 3,475,376.07 $ 1,142.58939 $ 3,476,518.65809
147 $ 3,476,518.66 $ 1,142.96504 $ 3,477,661.62312
148 $ 3,477,661.62 $ 1,143.34081 $ 3,478,804.96393
149 $ 3,478,804.96 $ 1,143.71670 $ 3,479,948.68063
150 $ 3,479,948.68 $ 1,144.09272 $ 3,481,092.77335
151 $ 3,481,092.77 $ 1,144.46886 $ 3,482,237.24221
152 $ 3,482,237.24 $ 1,144.84512 $ 3,483,382.08733
153 $ 3,483,382.09 $ 1,145.22151 $ 3,484,527.30883
154 $ 3,484,527.31 $ 1,145.59802 $ 3,485,672.90685
155 $ 3,485,672.91 $ 1,145.97465 $ 3,486,818.88151
 156 $ 3,486,818.88 $ 1,146.35141 $ 3,487,965.23292
157 $ 3,487,965.23 $ 1,146.72830 $ 3,489,111.96122
158 $ 3,489,111.96 $ 1,147.10530 $ 3,490,259.06652
159 $ 3,490,259.07 $ 1,147.48243 $ 3,491,406.54895
160 $ 3,491,406.55 $ 1,147.85969 $ 3,492,554.40864
161 $ 3,492,554.41 $ 1,148.23707 $ 3,493,702.64571
162 $ 3,493,702.65 $ 1,148.61457 $ 3,494,851.26027
163 $ 3,494,851.26 $ 1,148.99220 $ 3,496,000.25247
164 $ 3,496,000.25 $ 1,149.36995 $ 3,497,149.62241
165 $ 3,497,149.62 $ 1,149.74782 $ 3,498,299.37024
166 $ 3,498,299.37 $ 1,150.12582 $ 3,499,449.49606
167 $ 3,499,449.50 $ 1,150.50394 $ 3,500,600.00000
$ 186,986.46563

B. TABLA DE AMORTIZACION 1
PERIODOS CAPITAL INTERES SALDO
1 $ 2,883,966.83 $ 948.15 $ 2,884,914.98
2 $ 2,884,914.98 $ 948.47 $ 2,885,863.45
3 $ 2,885,863.45 $ 948.78 $ 2,886,812.22
4 $ 2,886,812.22 $ 949.09 $ 2,887,761.31
5 $ 2,887,761.31 $ 949.40 $ 2,888,710.71
6 $ 2,888,710.71 $ 949.71 $ 2,889,660.43
7 $ 2,889,660.43 $ 950.03 $ 2,890,610.45
8 $ 2,890,610.45 $ 950.34 $ 2,891,560.79
9 $ 2,891,560.79 $ 950.65 $ 2,892,511.44
10 $ 2,892,511.44 $ 950.96 $ 2,893,462.40
11 $ 2,893,462.40 $ 951.28 $ 2,894,413.68
12 $ 2,894,413.68 $ 951.59 $ 2,895,365.27
13 $ 2,895,365.27 $ 951.90 $ 2,896,317.17
14 $ 2,896,317.17 $ 952.21 $ 2,897,269.38
15 $ 2,897,269.38 $ 952.53 $ 2,898,221.91
16 $ 2,898,221.91 $ 952.84 $ 2,899,174.75
17 $ 2,899,174.75 $ 953.15 $ 2,900,127.90
18 $ 2,900,127.90 $ 953.47 $ 2,901,081.37
19 $ 2,901,081.37 $ 953.78 $ 2,902,035.15
20 $ 2,902,035.15 $ 954.09 $ 2,902,989.24
21 $ 2,902,989.24 $ 954.41 $ 2,903,943.65
22 $ 2,903,943.65 $ 954.72 $ 2,904,898.37
23 $ 2,904,898.37 $ 955.04 $ 2,905,853.41
24 $ 2,905,853.41 $ 955.35 $ 2,906,808.76
25 $ 2,906,808.76 $ 955.66 $ 2,907,764.42
26 $ 2,907,764.42 $ 955.98 $ 2,908,720.40
27 $ 2,908,720.40 $ 956.29 $ 2,909,676.69
28 $ 2,909,676.69 $ 956.61 $ 2,910,633.29
29 $ 2,910,633.29 $ 956.92 $ 2,911,590.21
30 $ 2,911,590.21 $ 957.24 $ 2,912,547.45
31 $ 2,912,547.45 $ 957.55 $ 2,913,505.00
32 $ 2,913,505.00 $ 957.86 $ 2,914,462.86
33 $ 2,914,462.86 $ 958.18 $ 2,915,421.04
34 $ 2,915,421.04 $ 958.49 $ 2,916,379.54
35 $ 2,916,379.54 $ 958.81 $ 2,917,338.35
36 $ 2,917,338.35 $ 959.12 $ 2,918,297.47
37 $ 2,918,297.47 $ 959.44 $ 2,919,256.91
38 $ 2,919,256.91 $ 959.76 $ 2,920,216.67
39 $ 2,920,216.67 $ 960.07 $ 2,921,176.74
40 $ 2,921,176.74 $ 960.39 $ 2,922,137.13
41 $ 2,922,137.13 $ 960.70 $ 2,923,097.83
42 $ 2,923,097.83 $ 961.02 $ 2,924,058.85
43 $ 2,924,058.85 $ 961.33 $ 2,925,020.18
44 $ 2,925,020.18 $ 961.65 $ 2,925,981.83
45 $ 2,925,981.83 $ 961.97 $ 2,926,943.80
46 $ 2,926,943.80 $ 962.28 $ 2,927,906.08
47 $ 2,927,906.08 $ 962.60 $ 2,928,868.68
48 $ 2,928,868.68 $ 962.92 $ 2,929,831.60
49 $ 2,929,831.60 $ 963.23 $ 2,930,794.83
50 $ 2,930,794.83 $ 963.55 $ 2,931,758.38
51 $ 2,931,758.38 $ 963.87 $ 2,932,722.24
52 $ 2,932,722.24 $ 964.18 $ 2,933,686.43
53 $ 2,933,686.43 $ 964.50 $ 2,934,650.93
54 $ 2,934,650.93 $ 964.82 $ 2,935,615.74
55 $ 2,935,615.74 $ 965.13 $ 2,936,580.88
56 $ 2,936,580.88 $ 965.45 $ 2,937,546.33
57 $ 2,937,546.33 $ 965.77 $ 2,938,512.10
58 $ 2,938,512.10 $ 966.09 $ 2,939,478.18
59 $ 2,939,478.18 $ 966.40 $ 2,940,444.59
60 $ 2,940,444.59 $ 966.72 $ 2,941,411.31
61 $ 2,941,411.31 $ 967.04 $ 2,942,378.35
62 $ 2,942,378.35 $ 967.36 $ 2,943,345.71
63 $ 2,943,345.71 $ 967.68 $ 2,944,313.38
64 $ 2,944,313.38 $ 967.99 $ 2,945,281.37
65 $ 2,945,281.37 $ 968.31 $ 2,946,249.69
66 $ 2,946,249.69 $ 968.63 $ 2,947,218.32
67 $ 2,947,218.32 $ 968.95 $ 2,948,187.26
68 $ 2,948,187.26 $ 969.27 $ 2,949,156.53
69 $ 2,949,156.53 $ 969.59 $ 2,950,126.12
70 $ 2,950,126.12 $ 969.90 $ 2,951,096.02
71 $ 2,951,096.02 $ 970.22 $ 2,952,066.24
72 $ 2,952,066.24 $ 970.54 $ 2,953,036.79
73 $ 2,953,036.79 $ 970.86 $ 2,954,007.65
74 $ 2,954,007.65 $ 971.18 $ 2,954,978.83
 75 $ 2,954,978.83 $ 971.50 $ 2,955,950.33
76 $ 2,955,950.33 $ 971.82 $ 2,956,922.15
77 $ 2,956,922.15 $ 972.14 $ 2,957,894.29
78 $ 2,957,894.29 $ 972.46 $ 2,958,866.75
79 $ 2,958,866.75 $ 972.78 $ 2,959,839.52
80 $ 2,959,839.52 $ 973.10 $ 2,960,812.62
81 $ 2,960,812.62 $ 973.42 $ 2,961,786.04
82 $ 2,961,786.04 $ 973.74 $ 2,962,759.78
83 $ 2,962,759.78 $ 974.06 $ 2,963,733.84
84 $ 2,963,733.84 $ 974.38 $ 2,964,708.21
85 $ 2,964,708.21 $ 974.70 $ 2,965,682.91
86 $ 2,965,682.91 $ 975.02 $ 2,966,657.93
87 $ 2,966,657.93 $ 975.34 $ 2,967,633.27
88 $ 2,967,633.27 $ 975.66 $ 2,968,608.93
89 $ 2,968,608.93 $ 975.98 $ 2,969,584.91
90 $ 2,969,584.91 $ 976.30 $ 2,970,561.21
91 $ 2,970,561.21 $ 976.62 $ 2,971,537.84
92 $ 2,971,537.84 $ 976.94 $ 2,972,514.78
93 $ 2,972,514.78 $ 977.27 $ 2,973,492.05
94 $ 2,973,492.05 $ 977.59 $ 2,974,469.63
95 $ 2,974,469.63 $ 977.91 $ 2,975,447.54
96 $ 2,975,447.54 $ 978.23 $ 2,976,425.77
97 $ 2,976,425.77 $ 978.55 $ 2,977,404.32
98 $ 2,977,404.32 $ 978.87 $ 2,978,383.19
99 $ 2,978,383.19 $ 979.19 $ 2,979,362.39
100 $ 2,979,362.39 $ 979.52 $ 2,980,341.90
101 $ 2,980,341.90 $ 979.84 $ 2,981,321.74
102 $ 2,981,321.74 $ 980.16 $ 2,982,301.90
103 $ 2,982,301.90 $ 980.48 $ 2,983,282.39
104 $ 2,983,282.39 $ 980.81 $ 2,984,263.19
105 $ 2,984,263.19 $ 981.13 $ 2,985,244.32
106 $ 2,985,244.32 $ 981.45 $ 2,986,225.77
107 $ 2,986,225.77 $ 981.77 $ 2,987,207.54
108 $ 2,987,207.54 $ 982.10 $ 2,988,189.64
109 $ 2,988,189.64 $ 982.42 $ 2,989,172.06
110 $ 2,989,172.06 $ 982.74 $ 2,990,154.80
111 $ 2,990,154.80 $ 983.06 $ 2,991,137.86
112 $ 2,991,137.86 $ 983.39 $ 2,992,121.25
113 $ 2,992,121.25 $ 983.71 $ 2,993,104.96
114 $ 2,993,104.96 $ 984.03 $ 2,994,089.00
115 $ 2,994,089.00 $ 984.36 $ 2,995,073.35
116 $ 2,995,073.35 $ 984.68 $ 2,996,058.04
117 $ 2,996,058.04 $ 985.01 $ 2,997,043.04
118 $ 2,997,043.04 $ 985.33 $ 2,998,028.37
119 $ 2,998,028.37 $ 985.65 $ 2,999,014.02
 120 $ 2,999,014.02 $ 985.98 $ 3,000,000.00
$ 116,033.17

TABLA DE AMORTIZACION 2
PERIODOS CAPITAL INTERES SALDO
1 $ 5,938,524.13 $ 1,952.39 $ 5,940,476.52
2 $ 5,940,476.52 $ 1,953.03 $ 5,942,429.55
3 $ 5,942,429.55 $ 1,953.68 $ 5,944,383.23
4 $ 5,944,383.23 $ 1,954.32 $ 5,946,337.54
5 $ 5,946,337.54 $ 1,954.96 $ 5,948,292.50
6 $ 5,948,292.50 $ 1,955.60 $ 5,950,248.11
7 $ 5,950,248.11 $ 1,956.25 $ 5,952,204.35
8 $ 5,952,204.35 $ 1,956.89 $ 5,954,161.24
9 $ 5,954,161.24 $ 1,957.53 $ 5,956,118.78
10 $ 5,956,118.78 $ 1,958.18 $ 5,958,076.95
11 $ 5,958,076.95 $ 1,958.82 $ 5,960,035.77
12 $ 5,960,035.77 $ 1,959.46 $ 5,961,995.23
13 $ 5,961,995.23 $ 1,960.11 $ 5,963,955.34
14 $ 5,963,955.34 $ 1,960.75 $ 5,965,916.10
15 $ 5,965,916.10 $ 1,961.40 $ 5,967,877.49
16 $ 5,967,877.49 $ 1,962.04 $ 5,969,839.53
17 $ 5,969,839.53 $ 1,962.69 $ 5,971,802.22
18 $ 5,971,802.22 $ 1,963.33 $ 5,973,765.55
19 $ 5,973,765.55 $ 1,963.98 $ 5,975,729.53
20 $ 5,975,729.53 $ 1,964.62 $ 5,977,694.15
21 $ 5,977,694.15 $ 1,965.27 $ 5,979,659.42
22 $ 5,979,659.42 $ 1,965.92 $ 5,981,625.34
23 $ 5,981,625.34 $ 1,966.56 $ 5,983,591.90
24 $ 5,983,591.90 $ 1,967.21 $ 5,985,559.11
25 $ 5,985,559.11 $ 1,967.86 $ 5,987,526.96
26 $ 5,987,526.96 $ 1,968.50 $ 5,989,495.47
27 $ 5,989,495.47 $ 1,969.15 $ 5,991,464.62
28 $ 5,991,464.62 $ 1,969.80 $ 5,993,434.41
29 $ 5,993,434.41 $ 1,970.44 $ 5,995,404.86
30 $ 5,995,404.86 $ 1,971.09 $ 5,997,375.95
31 $ 5,997,375.95 $ 1,971.74 $ 5,999,347.69
32 $ 5,999,347.69 $ 1,972.39 $ 6,001,320.08
33 $ 6,001,320.08 $ 1,973.04 $ 6,003,293.11
34 $ 6,003,293.11 $ 1,973.69 $ 6,005,266.80
35 $ 6,005,266.80 $ 1,974.33 $ 6,007,241.13
36 $ 6,007,241.13 $ 1,974.98 $ 6,009,216.12
37 $ 6,009,216.12 $ 1,975.63 $ 6,011,191.75
38 $ 6,011,191.75 $ 1,976.28 $ 6,013,168.03
39 $ 6,013,168.03 $ 1,976.93 $ 6,015,144.96
40 $ 6,015,144.96 $ 1,977.58 $ 6,017,122.55
41 $ 6,017,122.55 $ 1,978.23 $ 6,019,100.78
42 $ 6,019,100.78 $ 1,978.88 $ 6,021,079.66
43 $ 6,021,079.66 $ 1,979.53 $ 6,023,059.19
44 $ 6,023,059.19 $ 1,980.18 $ 6,025,039.38
45 $ 6,025,039.38 $ 1,980.83 $ 6,027,020.21
46 $ 6,027,020.21 $ 1,981.49 $ 6,029,001.70
47 $ 6,029,001.70 $ 1,982.14 $ 6,030,983.84
48 $ 6,030,983.84 $ 1,982.79 $ 6,032,966.62
49 $ 6,032,966.62 $ 1,983.44 $ 6,034,950.07
50 $ 6,034,950.07 $ 1,984.09 $ 6,036,934.16
51 $ 6,036,934.16 $ 1,984.75 $ 6,038,918.90
52 $ 6,038,918.90 $ 1,985.40 $ 6,040,904.30
53 $ 6,040,904.30 $ 1,986.05 $ 6,042,890.35
54 $ 6,042,890.35 $ 1,986.70 $ 6,044,877.06
55 $ 6,044,877.06 $ 1,987.36 $ 6,046,864.41
56 $ 6,046,864.41 $ 1,988.01 $ 6,048,852.42
57 $ 6,048,852.42 $ 1,988.66 $ 6,050,841.09
58 $ 6,050,841.09 $ 1,989.32 $ 6,052,830.41
59 $ 6,052,830.41 $ 1,989.97 $ 6,054,820.38
60 $ 6,054,820.38 $ 1,990.63 $ 6,056,811.00
61 $ 6,056,811.00 $ 1,991.28 $ 6,058,802.28
62 $ 6,058,802.28 $ 1,991.93 $ 6,060,794.22
63 $ 6,060,794.22 $ 1,992.59 $ 6,062,786.81
64 $ 6,062,786.81 $ 1,993.24 $ 6,064,780.05
65 $ 6,064,780.05 $ 1,993.90 $ 6,066,773.95
66 $ 6,066,773.95 $ 1,994.56 $ 6,068,768.51
67 $ 6,068,768.51 $ 1,995.21 $ 6,070,763.72
68 $ 6,070,763.72 $ 1,995.87 $ 6,072,759.59
69 $ 6,072,759.59 $ 1,996.52 $ 6,074,756.11
70 $ 6,074,756.11 $ 1,997.18 $ 6,076,753.29
71 $ 6,076,753.29 $ 1,997.84 $ 6,078,751.13
72 $ 6,078,751.13 $ 1,998.49 $ 6,080,749.62
73 $ 6,080,749.62 $ 1,999.15 $ 6,082,748.77
74 $ 6,082,748.77 $ 1,999.81 $ 6,084,748.58
75 $ 6,084,748.58 $ 2,000.47 $ 6,086,749.05
76 $ 6,086,749.05 $ 2,001.12 $ 6,088,750.17
77 $ 6,088,750.17 $ 2,001.78 $ 6,090,751.95
78 $ 6,090,751.95 $ 2,002.44 $ 6,092,754.39
79 $ 6,092,754.39 $ 2,003.10 $ 6,094,757.49
80 $ 6,094,757.49 $ 2,003.76 $ 6,096,761.24
81 $ 6,096,761.24 $ 2,004.41 $ 6,098,765.66
82 $ 6,098,765.66 $ 2,005.07 $ 6,100,770.73
83 $ 6,100,770.73 $ 2,005.73 $ 6,102,776.46
84 $ 6,102,776.46 $ 2,006.39 $ 6,104,782.86
85 $ 6,104,782.86 $ 2,007.05 $ 6,106,789.91
 86 $ 6,106,789.91 $ 2,007.71 $ 6,108,797.62
87 $ 6,108,797.62 $ 2,008.37 $ 6,110,805.99
88 $ 6,110,805.99 $ 2,009.03 $ 6,112,815.02
89 $ 6,112,815.02 $ 2,009.69 $ 6,114,824.72
90 $ 6,114,824.72 $ 2,010.35 $ 6,116,835.07
91 $ 6,116,835.07 $ 2,011.01 $ 6,118,846.08
92 $ 6,118,846.08 $ 2,011.68 $ 6,120,857.76
93 $ 6,120,857.76 $ 2,012.34 $ 6,122,870.10
94 $ 6,122,870.10 $ 2,013.00 $ 6,124,883.09
95 $ 6,124,883.09 $ 2,013.66 $ 6,126,896.75
96 $ 6,126,896.75 $ 2,014.32 $ 6,128,911.08
97 $ 6,128,911.08 $ 2,014.98 $ 6,130,926.06
98 $ 6,130,926.06 $ 2,015.65 $ 6,132,941.71
99 $ 6,132,941.71 $ 2,016.31 $ 6,134,958.02
100 $ 6,134,958.02 $ 2,016.97 $ 6,136,974.99
101 $ 6,136,974.99 $ 2,017.64 $ 6,138,992.63
102 $ 6,138,992.63 $ 2,018.30 $ 6,141,010.92
103 $ 6,141,010.92 $ 2,018.96 $ 6,143,029.89
104 $ 6,143,029.89 $ 2,019.63 $ 6,145,049.51
105 $ 6,145,049.51 $ 2,020.29 $ 6,147,069.80
106 $ 6,147,069.80 $ 2,020.95 $ 6,149,090.76
107 $ 6,149,090.76 $ 2,021.62 $ 6,151,112.38
108 $ 6,151,112.38 $ 2,022.28 $ 6,153,134.66
109 $ 6,153,134.66 $ 2,022.95 $ 6,155,157.61
110 $ 6,155,157.61 $ 2,023.61 $ 6,157,181.22
111 $ 6,157,181.22 $ 2,024.28 $ 6,159,205.50
112 $ 6,159,205.50 $ 2,024.94 $ 6,161,230.44
113 $ 6,161,230.44 $ 2,025.61 $ 6,163,256.05
114 $ 6,163,256.05 $ 2,026.28 $ 6,165,282.33
115 $ 6,165,282.33 $ 2,026.94 $ 6,167,309.27
116 $ 6,167,309.27 $ 2,027.61 $ 6,169,336.88
117 $ 6,169,336.88 $ 2,028.28 $ 6,171,365.16
118 $ 6,171,365.16 $ 2,028.94 $ 6,173,394.10
119 $ 6,173,394.10 $ 2,029.61 $ 6,175,423.71
120 $ 6,175,423.71 $ 2,030.28 $ 6,177,453.98
121 $ 6,177,453.98 $ 2,030.94 $ 6,179,484.93
122 $ 6,179,484.93 $ 2,031.61 $ 6,181,516.54
123 $ 6,181,516.54 $ 2,032.28 $ 6,183,548.82
124 $ 6,183,548.82 $ 2,032.95 $ 6,185,581.77
125 $ 6,185,581.77 $ 2,033.62 $ 6,187,615.38
126 $ 6,187,615.38 $ 2,034.28 $ 6,189,649.67
127 $ 6,189,649.67 $ 2,034.95 $ 6,191,684.62
128 $ 6,191,684.62 $ 2,035.62 $ 6,193,720.24
129 $ 6,193,720.24 $ 2,036.29 $ 6,195,756.53
130 $ 6,195,756.53 $ 2,036.96 $ 6,197,793.49
131 $ 6,197,793.49 $ 2,037.63 $ 6,199,831.13
132 $ 6,199,831.13 $ 2,038.30 $ 6,201,869.43
133 $ 6,201,869.43 $ 2,038.97 $ 6,203,908.40
134 $ 6,203,908.40 $ 2,039.64 $ 6,205,948.04
135 $ 6,205,948.04 $ 2,040.31 $ 6,207,988.35
136 $ 6,207,988.35 $ 2,040.98 $ 6,210,029.33
137 $ 6,210,029.33 $ 2,041.65 $ 6,212,070.99
138 $ 6,212,070.99 $ 2,042.32 $ 6,214,113.31
139 $ 6,214,113.31 $ 2,043.00 $ 6,216,156.31
140 $ 6,216,156.31 $ 2,043.67 $ 6,218,199.97
141 $ 6,218,199.97 $ 2,044.34 $ 6,220,244.31
142 $ 6,220,244.31 $ 2,045.01 $ 6,222,289.33
143 $ 6,222,289.33 $ 2,045.68 $ 6,224,335.01
144 $ 6,224,335.01 $ 2,046.36 $ 6,226,381.37
145 $ 6,226,381.37 $ 2,047.03 $ 6,228,428.40
146 $ 6,228,428.40 $ 2,047.70 $ 6,230,476.10
147 $ 6,230,476.10 $ 2,048.38 $ 6,232,524.47
148 $ 6,232,524.47 $ 2,049.05 $ 6,234,573.52
149 $ 6,234,573.52 $ 2,049.72 $ 6,236,623.25
150 $ 6,236,623.25 $ 2,050.40 $ 6,238,673.64
151 $ 6,238,673.64 $ 2,051.07 $ 6,240,724.71
152 $ 6,240,724.71 $ 2,051.75 $ 6,242,776.46
153 $ 6,242,776.46 $ 2,052.42 $ 6,244,828.88
154 $ 6,244,828.88 $ 2,053.09 $ 6,246,881.97
155 $ 6,246,881.97 $ 2,053.77 $ 6,248,935.74
156 $ 6,248,935.74 $ 2,054.44 $ 6,250,990.19
157 $ 6,250,990.19 $ 2,055.12 $ 6,253,045.31
158 $ 6,253,045.31 $ 2,055.80 $ 6,255,101.10
159 $ 6,255,101.10 $ 2,056.47 $ 6,257,157.57
160 $ 6,257,157.57 $ 2,057.15 $ 6,259,214.72
161 $ 6,259,214.72 $ 2,057.82 $ 6,261,272.55
162 $ 6,261,272.55 $ 2,058.50 $ 6,263,331.05
163 $ 6,263,331.05 $ 2,059.18 $ 6,265,390.22
164 $ 6,265,390.22 $ 2,059.85 $ 6,267,450.08
165 $ 6,267,450.08 $ 2,060.53 $ 6,269,510.61
166 $ 6,269,510.61 $ 2,061.21 $ 6,271,571.82
167 $ 6,271,571.82 $ 2,061.89 $ 6,273,633.71
168 $ 6,273,633.71 $ 2,062.56 $ 6,275,696.27
169 $ 6,275,696.27 $ 2,063.24 $ 6,277,759.51
170 $ 6,277,759.51 $ 2,063.92 $ 6,279,823.43
171 $ 6,279,823.43 $ 2,064.60 $ 6,281,888.03
172 $ 6,281,888.03 $ 2,065.28 $ 6,283,953.31
173 $ 6,283,953.31 $ 2,065.96 $ 6,286,019.27
174 $ 6,286,019.27 $ 2,066.64 $ 6,288,085.91
175 $ 6,288,085.91 $ 2,067.32 $ 6,290,153.22
 176 $ 6,290,153.22 $ 2,068.00 $ 6,292,221.22
177 $ 6,292,221.22 $ 2,068.68 $ 6,294,289.89
178 $ 6,294,289.89 $ 2,069.36 $ 6,296,359.25
179 $ 6,296,359.25 $ 2,070.04 $ 6,298,429.28
180 $ 6,298,429.28 $ 2,070.72 $ 6,300,500.00
$ 361,975.87

C. TABLA DE AMORTIZACION
PERIODOS CAPITAL INTERES SALDO
1 $ 7,207,352.58 $ 72,073.53 $ 7,279,426.11
2 $ 7,279,426.11 $ 72,794.26 $ 7,352,220.37
3 $ 7,352,220.37 $ 73,522.20 $ 7,425,742.57
4 $ 7,425,742.57 $ 74,257.43 $ 7,500,000.00
$ 292,647.42
formula excel
$ 3,313,613.53

formula excel 1
$ 2,883,966.83
formula excel 2
$ 5,938,524.13

formula excel
$ 7,207,352.58
$ 3,313,613.53437
$ 2,883,966.83
$ 5,938,524.13

$ 7,207,352.58
 12. Tienes tres documentos por cobrar, así:
- 150.000 u.m. para dentro de 6 meses
- 135.000 u.m. para dentro de 8 meses
- 350.000 u.m. para dentro de 12 meses
Dada tu situación económica, te ves en la necesidad de negociar estos títulos con un
prestamista que te cobra el 2 % mensual vencido. ¿Cuánto dinero esperas recibir sí la
negociación la realizas el día de hoy?

ANALISIS DEL EJERCICIO

VF1 $ 150,000
VF2 $ 135,000
VF3 $ 350,000
TIEMPO 1 6
TIEMPO 2 8
TIEMPO 3 12
I 2 0.02
VP ?

VP1 $ 133,196
VP2 $ 115,221
VP3 $ 275,973

VP= VP1+VP2+VP3
$ 524,390
###
 vf vp tiempo (t)
document $ 3,000,000 $ 2,743,627 6 meses
document $ 5,000,000 $ 4,181,937 12 meses
valor hoy $ 6,925,564

formula v $ 3,000,000 $ 2,743,626.58

formula v $ 5,000,000 $ 4,181,937.11
valor hoy $ 6,925,563.69
documento 1
INTERES
CAPITAL COMPUESTO SALDO COMPUESTO
COMPUESTO

1 $ 2,743,626.58 $ 41,154.40 $ 2,784,780.98

2 $ 2,784,780.98 $ 41,771.71 $ 2,826,552.69
3 $ 2,826,552.69 $ 42,398.29 $ 2,868,950.98
4 $ 2,868,950.98 $ 43,034.26 $ 2,911,985.25
5 $ 2,911,985.25 $ 43,679.78 $ 2,955,665.02
6 $ 2,955,665.02 $ 44,334.98 $ 3,000,000.00
$ 256,373.42
 interes (i)
1.50% mensual 0.015
1.50% mensual 0.015

documento 2
INTERES
CAPITAL COMPUESTO SALDO COMPUESTO
COMPUESTO

1 $ 4,181,937.11 $ 62,729.06 $ 4,244,666.17

2 $ 4,244,666.17 $ 63,669.99 $ 4,308,336.16
3 $ 4,308,336.16 $ 64,625.04 $ 4,372,961.20
4 $ 4,372,961.20 $ 65,594.42 $ 4,438,555.62
5 $ 4,438,555.62 $ 66,578.33 $ 4,505,133.95
6 $ 4,505,133.95 $ 67,577.01 $ 4,572,710.96
$ 256,373.42 7 $ 4,572,710.96 $ 68,590.66 $ 4,641,301.63
8 $ 4,641,301.63 $ 69,619.52 $ 4,710,921.15
9 $ 4,710,921.15 $ 70,663.82 $ 4,781,584.97
10 $ 4,781,584.97 $ 71,723.77 $ 4,853,308.74
11 $ 4,853,308.74 $ 72,799.63 $ 4,926,108.37
12 $ 4,926,108.37 $ 73,891.63 $ 5,000,000.00
$ 818,062.89
$ 818,062.89
14. Debe cancelarse un pagaré por 300.000 u.m en tres meses, otro por 500.000 u.m. con
vencimiento en cinco meses y un tercero por valor de 800.000 u.m con vencimiento en
un año. Si se ofrece pagar hoy 250.000 u.m. y el resto en ocho meses. ¿Cuál debe ser el
valor del pago, para que las deudas queden canceladas (Supón un interés del 18 %
anual)?

VF=VP* [(1+i)^n]

### ###

VP $ 300,000 VP $ 500,000
TIEMPO 3 MESES TIEMPO 5 MESES
INTERES 18% ANUAL 1,5 MENSUAL 0.015 INTERES 18% ANUAL 1,5 MENSUAL 0.015

AMORTIZACION 1 AMORTIZACION 2
1 $ 300,000 $ 4,500 $ 304,500 1 $ 500,000 7500 507500
2 $ 304,500 $ 4,568 $ 309,068 2 $ 507,500 7612.5 515112.5
3 $ 309,068 $ 4,636 $ 313,704 3 $ 515,113 7726.6875 522839.188
4 $ 522,839 7842.58781 530681.775
5 $ 530,682 7960.22663 538642.002
 500.000 u.m. con
vencimiento en
Cuál debe ser el
és del 18 %

### ###

VP $ 800,000 VP $ 250,000
TIEMPO 12 MESES TIEMPO 8 MESES
INTERES 18% ANUAL 1,5 MENSUAL 0.015 INTERES 18% ANUAL 1,5 MENSUAL
AMORTIZ4CION 4
1 $ 250,000 $ 3,750
AMORTIZACION 3 2 $ 253,750 $ 3,806
1 $ 800,000 $ 12,000 $ 812,000 3 $ 257,556 $ 3,863
2 $ 812,000 $ 12,180 $ 824,180 4 $ 261,420 $ 3,921
3 $ 824,180 $ 12,363 $ 836,543 5 $ 265,341 $ 3,980
4 $ 836,543 $ 12,548 $ 849,091 6 $ 269,321 $ 4,040
5 $ 849,091 $ 12,736 $ 861,827 7 $ 273,361 $ 4,100
6 $ 861,827 $ 12,927 $ 874,755 8 $ 277,461 $ 4,162
7 $ 874,755 $ 13,121 $ 887,876 9 $ 281,623 $ 4,224
8 $ 887,876 $ 13,318 $ 901,194 10 $ 285,847 $ 4,288
9 $ 901,194 $ 13,518 $ 914,712 11 $ 290,135 $ 4,352
10 $ 914,712 $ 13,721 $ 928,433 12 $ 294,487 $ 4,417
11 $ 928,433 $ 13,926 $ 942,359
12 $ 942,359 $ 14,135 $ 956,495
 0.015
CION 4
$ 253,750
$ 257,556
$ 261,420
$ 265,341
$ 269,321
$ 273,361
$ 277,461
$ 281,623
$ 285,847
$ 290,135
$ 294,487
$ 298,905
 15. Pedro tiene que pagar 2.000.000 u.m. dentro de 8 meses y 3.000.000 u.m. dentro de 18
meses. Su acreedor le acepta cambiar estos pagos por uno de 1.500.000 u.m. el día de
hoy y otro pago al final del año. Calcula el valor de este último pago, si la tasa de interés
es del 1.5 % mensual vencida.

ANALISIS DEL EJERCICIO

VF1 $ 2,000,000
VF2 $ 3,000,000
TIEMPO 1 8
TIEMPO 2 18
I 1.5 0.015
VP3 $ 1,500,000
VP4 ?

VP1
$ 1,775,422

VP2
$ 2,294,735

VP4 = $ 4,070,157

Determinamos el valor del último pago

ULTIMO PAGO = VP-VP $ 2,570,157

entro de 18
el día de
de interés