P= S/ 1,000.

00
i= 10%
n= 6

PERIODO SALDO CAPITAL INTERÉS AMORTIZACIÓN CUOTA

0 1,000.00 0.00 0.00 0.00
1 1,000.00 100.00 129.61 229.61
2 870.39 87.04 142.57 229.61
3 727.82 72.78 156.82 229.61
4 571.00 57.10 172.51 229.61
5 398.49 39.85 189.76 229.61
6 208.73 20.87 208.73 229.61
TOTAL 377.64 1,000.00 1,377.64

LA CAPITALIZACIÓN
1 Factor de Capitalización FC

0 1 2 3 4
(1+i) 1
(1+i) 2
(1+i) 3
(1+i) 4
 (1+i)6

P 1,000.00 i 10.00%

PERIODO CAPITAL INTERESES AMORTIZACIÓN

0 1,000.00
1 1,100.00 100 0.00
2 1,210.00 110 0.00
3 1,331.00 121 0.00
4 1,464.10 133.1 0.00
5 1,610.51 146.41 0.00
6 1,771.56 161.051 0.00

LA ACTUALIZACIÓN
2 Factor de Actualización FA

1 / (1+i)6

1 / (1+i)6 1 / (1+i)5 1 / (1+i)4 1 / (1+i)3

0 1 2 3 4

P 1,000.00 i 10.00%

P = S . FA6 10% P = S . ( 1 / (1+i)6 )

PERIODO CAPITAL INTERESES AMORTIZACIÓN
6 1,771.56 161.05
5 1,610.51 146.41 0.00
4 1,464.10 133.10 0.00
3 1,331.00 121.00 0.00
2 1,210.00 110.00 0.00
 1 1,100.00 100.00 0.00
0 1,000.00 0.00

LA CAPITALIZACIÓN DE UN FLUJO CONSTANTE

3 Factor de Agrupamiento al Fututo FAF

R R R R
(1+i) 5
(1+i) 4
(1+i) 3
(1+i) 2

0 1 2 3 4

P 1,000.00 i 10.00%

R (1+i)5 + R (1+i)4 + R (1+i)3 + R (1+i)2 +

R (1+i)5 + R (1+i)4 + R (1+i)3 + R (1+i)2 +

R ( (1+i)5 + (1+i)4 + (1+i)3 + (1+i)2 +

Por progresión geométrica dice: La suma de los términos de una progresión geom
Suma n = an . r - a1 El último termino de la progresión por la razón m
r-1
Entre la razón -1

R ( (1+i)5 x (1+i) - 1 )
(1+i) - 1

R ( (1+i)6 - 1 )
i

R 0.771561
0.1
 R 7.71561

229.61 229.61 229.61 229.61

(1+i) 5
(1+i) 4
(1+i) 3
(1+i)2

0 1 2 3 4

P 1,000.00 i 10.00%

S = R ( (1+i)5 x (1+i) - 1 )
(1+i) - 1

S = R( (1+i)6 - 1 )
i

S = 229.61 (1+0.10)6 - 1
0.1

S = 229.61 x 7.71561

S = 1,771.58

S = R . FAF6 10% S = R ( (1+i)6 - 1 ) / i

PERIODO DE
PERIODO RENTA OPERACIÓN
CAPITALIZACIÓN

0
1 229.61
2 229.61
3 229.61
4 229.61
5 229.61
5 229.61(1+0.10)5
4 229.61(1+0.10)4
3 229.61(1+0.10)3
2 229.61(1+0.10)2
1 229.61(1+0.10)1
 6 229.61 0 229.61(1+0.10)0

LOS FONDOS DE AMORTIZACIÓN

4 Factor de Distribución al Valor Fututo FDVF

R R R R
(1+i) 5
(1+i) 4
(1+i) 3
(1+i) 2

0 1 2 3 4

P 1,000.00 i 10.00%

R = S . FDVF6 10% R = S ( i / ((1+i)6 - 1 )))

R = 1771.58 0.12960738

R = 229.61

INTERESES
PERIODO RENTA TOTAL FONDO
GANADOS
0
1 229.61 0 229.61
2 229.61 23 252.57
3 229.61 48 277.83
4 229.61 76 305.61
5 229.61 107 336.17
6 229.61 140 369.79
1771.58
LAS ACTUALIZACIÓN DE UN FLUJO CONSTANTE
5 Factor de Agrupamiento al Presente FAP

229.61 229.61 229.61 229.61

1 / (1+i) 1
1 / (1+i) 2
1 / (1+i) 3
1 / (1+i)4

0 1 2 3 4

P ??? i 10.00%

P = R . FAP6 10% P = R ((1+i)6 - 1) / ( i (1+i)6 )

R = 229.61 4.3552607

R = 1,000.00

PERIODO RENTA VALOR PRESENTE

0
1 229.61 R(1+i)-1 208.73
2 229.61 R(1+i) -2
189.76
3 229.61 R(1+i)-3 172.51
4 229.61 R(1+i) -4
156.82
5 229.61 R(1+i) -5
142.57
6 229.61 R(1+i)-6 129.61
1000.00

LAS AMORTIZACIONES
6 Factor de Distribución del Valor Presente FDVP
 R R R R
(1+i) 1
(1+i) 2
(1+i) 3
(1+i) 4

0 1 2 3 4

P 1,000.00 i 10.00%

R = P . FDVP6 10% R = P ( i (1+i)6 ) / ((1+i)6 - 1)

R = 1000.00 0.22960738

R = 229.61
CUADRO DE INTERESES Y AMORTIZACIÓN

SALDO AL
PERIODO INTERÉS AMORTIZACIÓN
INICIO
0 1,000.00
1 870.39 100 129.61
2 727.82 87 142.57
3 571.00 73 156.82
4 398.49 57 172.51
5 208.73 40 189.76
6 0.00 21 208.73
377.64 1000.00
 S 1,771.56 S = P . FC6 10% S = P . (1+i)6

5 6
(1+i) 5
(1+i) 6
 n6

CUOTA

0.00 1,000.00 P . (1+i)1 1,100.00

0.00 1,000.00 P . (1+i) 2
1,210.00
0.00 1,000.00 P . (1+i)3 1,331.00
0.00 1,000.00 P . (1+i) 4
1,464.10
0.00 1,000.00 P . (1+i)5 1,610.51
0.00 1,000.00 P . (1+i) 6
1,771.56

S 1,771.56

1 / (1+i)2 1 / (1+i)1

5 6

n6

CUOTA

0.00 1,771.56 P . 1 / (1+i)1 1,610.51

0.00 1,771.56 P . 1 / (1+i) 2
1,464.10
0.00 1,771.56 P . 1 / (1+i)3 1,331.00
0.00 1,771.56 P . 1 / (1+i) 4
1,210.00
 0.00 1,771.56 P . 1 / (1+i)5 1,100.00
0.00 1,771.56 P . 1 / (1+i) 6
1,000.00

R R
(1+i) 1
(1+i) 0

5 6

n6

+ R (1+i)+
1
R (1+i)0 = P . (1+i)6

+ R (1+i)+
1
R (1) = P . (1+i)6

+ (1+i)1+ 1 ) = P . (1+i)6

términos de una progresión geométrica es igual a:

ino de la progresión por la razón menos 1

= P . (1+i)6

= P . (1+i)6

= 1000 x 1.771561

=
 = 1771.561

R = 229.61

S ???

229.61 229.61
(1+i) 1
(1+i)0

5 6

n6

MONTO DE LA
RENTA

369.79 140.18
336.17 106.56
305.61 76.00
277.83 48.22
252.57 22.96
 229.61 0.00
1,771.58

S 1,771.58

R R
(1+i) 1
(1+i) 0

5 6

n6

SALDO
ACUMULADO

229.61 1,771.58 0.13 229.61

482.18 1,541.97 0.16 252.57
760.01 1,289.40 0.22 277.83
1065.62 1,011.57 0.30 305.61
1401.79 705.96 0.48 336.17
1771.58 369.79 1.00 369.79
 S 1,771.58
229.61 229.61
1 / (1+i) 5
1 / (1+i)6

5 6

n6

S 1,771.58
 R R
(1+i) 5
(1+i) 6

5 6

n6

CUOTA FIJA

229.61
229.61
229.61
229.61
229.61
229.61
1,377.64