Matematicas Financieras

p= $ 2,000,000.
00
n= 4 mensuales
j= 36% NMV
i= 3.00% MV
A= ?
con formula
A= $ 538,054.09
con funcion financiera
A= $ 538,054.09
tabla de amortizacion
no. Cuota Interes Amortizacion
0 $ 0.00 $ 0.00 $ 0.00
1 $ 538,054.09 $ 60,000.00 $ 478,054.09
2 $ 538,054.09 $ 45,658.38 $ 492,395.71
3 $ 538,054.09 $ 30,886.51 $ 507,167.58
4 $ 538,054.09 $ 15,671.48 $ 522,382.61
2.)
P= $ 5,000,000.00
CI= $ 500,000.00
n= 6 mensuales
j= 30% NMV
i= 2.50% MV
A= $ 816,974.87 con formula

A= $ 816,974.87

0 $ 500,000.00 $ 0.00 $ 500,000.00
1 $ 816,974.87 $ 112,500.00 $ 704,474.87
2 $ 816,974.87 $ 94,888.13 $ 722,086.74
3 $ 816,974.87 $ 76,835.96 $ 740,138.91
4 $ 816,974.87 $ 58,332.49 $ 758,642.38
5 $ 816,974.87 $ 39,366.43 $ 777,608.44
6 $ 816,974.87 $ 19,926.22 $ 797,048.65
3.)
P= ?
CI= $ 1,000,000.00
A= $ 200,000.00
n= 36 Mensuales
i= 2.50% MV
con formula
p= $ 1,000,000.00 + 4,711,250.21
p= 5,711,250.21

0 $ 1,000,000.00 $ 0.00 $ 1,000,000.00
1 $ 200,000.00 $ 117,781.26 $ 82,218.74
2 $ 200,000.00 $ 115,725.79 $ 84,274.21
3 $ 200,000.00 $ 113,618.93 $ 86,381.07
4 $ 200,000.00 $ 111,459.40 $ 88,540.60
5 $ 200,000.00 $ 109,245.89 $ 90,754.11
6 $ 200,000.00 $ 106,977.04 $ 93,022.96
7 $ 200,000.00 $ 104,651.46 $ 95,348.54
8 $ 200,000.00 $ 102,267.75 $ 97,732.25
9 $ 200,000.00 $ 99,824.44 $ 100,175.56
10 $ 200,000.00 $ 97,320.05 $ 102,679.95
11 $ 200,000.00 $ 94,753.06 $ 105,246.94
12 $ 200,000.00 $ 92,121.88 $ 107,878.12
13 $ 200,000.00 $ 89,424.93 $ 110,575.07
14 $ 200,000.00 $ 86,660.55 $ 113,339.45
15 $ 200,000.00 $ 83,827.07 $ 116,172.93
16 $ 200,000.00 $ 80,922.74 $ 119,077.26
17 $ 200,000.00 $ 77,945.81 $ 122,054.19
18 $ 200,000.00 $ 74,894.46 $ 125,105.54
19 $ 200,000.00 $ 71,766.82 $ 128,233.18
20 $ 200,000.00 $ 68,560.99 $ 131,439.01
21 $ 200,000.00 $ 65,275.01 $ 134,724.99
22 $ 200,000.00 $ 61,906.89 $ 138,093.11
23 $ 200,000.00 $ 58,454.56 $ 141,545.44
24 $ 200,000.00 $ 54,915.92 $ 145,084.08
25 $ 200,000.00 $ 51,288.82 $ 148,711.18
26 $ 200,000.00 $ 47,571.04 $ 152,428.96
27 $ 200,000.00 $ 43,760.32 $ 156,239.68
28 $ 200,000.00 $ 39,854.33 $ 160,145.67
29 $ 200,000.00 $ 35,850.69 $ 164,149.31
30 $ 200,000.00 $ 31,746.95 $ 168,253.05
31 $ 200,000.00 $ 27,540.63 $ 172,459.37
32 $ 200,000.00 $ 23,229.14 $ 176,770.86
33 $ 200,000.00 $ 18,809.87 $ 181,190.13
34 $ 200,000.00 $ 14,280.12 $ 185,719.88
35 $ 200,000.00 $ 9,637.12 $ 190,362.88
36 $ 200,000.00 $ 4,878.05 $ 195,121.95
4.)
P= ?
CI= 20%P
A= $ 800,000.00
n= 24 mensuales
i= 3% MV
P = 0.20 P +
P(1-0,20) = $ 13,548,433.70
P = $ 16,935,542.12
FUNCION BUSCAR OBJETIVO
P= $ 16,935,542.12 VALOR ARBITRARIO

CI= $ 3,387,108.42 TOCA HACERLO CON FORMULA = (P*0,20)
A= $ 800,000.00
n= 24 mensuales
i= 3% MV

0 $ 3,387,108.42 0 $ 3,387,108.42
1 $ 800,000.00 $ 406,453.01 $ 393,546.99
2 $ 800,000.00 $ 394,646.60 $ 405,353.40
3 $ 800,000.00 $ 382,486.00 $ 417,514.00
4 $ 800,000.00 $ 369,960.58 $ 430,039.42
5 $ 800,000.00 $ 357,059.40 $ 442,940.60
6 $ 800,000.00 $ 343,771.18 $ 456,228.82
7 $ 800,000.00 $ 330,084.31 $ 469,915.69
8 $ 800,000.00 $ 315,986.84 $ 484,013.16
9 $ 800,000.00 $ 301,466.45 $ 498,533.55
10 $ 800,000.00 $ 286,510.44 $ 513,489.56
11 $ 800,000.00 $ 271,105.76 $ 528,894.24
12 $ 800,000.00 $ 255,238.93 $ 544,761.07
13 $ 800,000.00 $ 238,896.10 $ 561,103.90
14 $ 800,000.00 $ 222,062.98 $ 577,937.02
15 $ 800,000.00 $ 204,724.87 $ 595,275.13
16 $ 800,000.00 $ 186,866.61 $ 613,133.39
17 $ 800,000.00 $ 168,472.61 $ 631,527.39
18 $ 800,000.00 $ 149,526.79 $ 650,473.21
19 $ 800,000.00 $ 130,012.59 $ 669,987.41
20 $ 800,000.00 $ 109,912.97 $ 690,087.03
21 $ 800,000.00 $ 89,210.36 $ 710,789.64
22 $ 800,000.00 $ 67,886.67 $ 732,113.33
23 $ 800,000.00 $ 45,923.27 $ 754,076.73
24 $ 800,000.00 $ 23,300.97 $ 776,699.03
P= $20,000,000.00
i= 2% MV
CI= $ 2,000,000.00
n= 36 mensuales
con formula
A=
A= $ 706,191.35

0 $ 2,000,000.00 0% $ 2,000,000.00
1 $ 706,191.35 $ 360,000.00 $ 346,191.35
2 $ 706,191.35 $ 353,076.17 $ 353,115.17
3 $ 706,191.35 $ 346,013.87 $ 360,177.48
4 $ 706,191.35 $ 338,810.32 $ 367,381.03
5 $ 706,191.35 $ 331,462.70 $ 374,728.65
6 $ 706,191.35 $ 323,968.13 $ 382,223.22
7 $ 706,191.35 $ 316,323.66 $ 389,867.68
8 $ 706,191.35 $ 308,526.31 $ 397,665.04
9 $ 706,191.35 $ 300,573.01 $ 405,618.34
10 $ 706,191.35 $ 292,460.64 $ 413,730.71
11 $ 706,191.35 $ 284,186.03 $ 422,005.32
12 $ 706,191.35 $ 275,745.92 $ 430,445.43
13 $ 706,191.35 $ 267,137.01 $ 439,054.33
14 $ 706,191.35 $ 258,355.93 $ 447,835.42
15 $ 706,191.35 $ 249,399.22 $ 456,792.13
16 $ 706,191.35 $ 240,263.37 $ 465,927.97
17 $ 706,191.35 $ 230,944.81 $ 475,246.53
18 $ 706,191.35 $ 221,439.88 $ 484,751.46
19 $ 706,191.35 $ 211,744.85 $ 494,446.49
20 $ 706,191.35 $ 201,855.92 $ 504,335.42
21 $ 706,191.35 $ 191,769.22 $ 514,422.13
22 $ 706,191.35 $ 181,480.77 $ 524,710.57
23 $ 706,191.35 $ 170,986.56 $ 535,204.78
24 $ 706,191.35 $ 160,282.47 $ 545,908.88
25 $ 706,191.35 $ 149,364.29 $ 556,827.06
26 $ 706,191.35 $ 138,227.75 $ 567,963.60
27 $ 706,191.35 $ 126,868.48 $ 579,322.87
28 $ 706,191.35 $ 115,282.02 $ 590,909.33
29 $ 706,191.35 $ 103,463.83 $ 602,727.51
30 $ 706,191.35 $ 91,409.28 $ 614,782.06
31 $ 706,191.35 $ 79,113.64 $ 627,077.71
32 $ 706,191.35 $ 66,572.09 $ 639,619.26
33 $ 706,191.35 $ 53,779.70 $ 652,411.65
34 $ 706,191.35 $ 40,731.47 $ 665,459.88
35 $ 706,191.35 $ 27,422.27 $ 678,769.08
36 $ 706,191.35 $ 13,846.89 $ 692,344.46
P= $ 5,000,000.00
A= $ 50,000.00
i= 3% MV
n= 18 mensuales
funcion buscar objetivo
CE= $ 2,802,277.50

0 0 0 0
1 $ 50,000.00 $ 150,000.00 -$ 100,000.00
2 $ 50,000.00 $ 153,000.00 -$ 103,000.00
3 $ 50,000.00 $ 156,090.00 -$ 106,090.00
4 $ 50,000.00 $ 159,272.70 -$ 109,272.70
5 $ 50,000.00 $ 162,550.88 -$ 112,550.88
6 $ 2,852,277.50 $ 165,927.41 $ 2,686,350.09
7 $ 50,000.00 $ 85,336.90 -$ 35,336.90
8 $ 50,000.00 $ 86,397.01 -$ 36,397.01
9 $ 50,000.00 $ 87,488.92 -$ 37,488.92
10 $ 50,000.00 $ 88,613.59 -$ 38,613.59
11 $ 50,000.00 $ 89,772.00 -$ 39,772.00
12 $ 2,852,277.50 $ 90,965.16 $ 2,761,312.34
13 $ 50,000.00 $ 8,125.79 $ 41,874.21
14 $ 50,000.00 $ 6,869.56 $ 43,130.44
15 $ 50,000.00 $ 5,575.65 $ 44,424.35
16 $ 50,000.00 $ 4,242.92 $ 45,757.08
17 $ 50,000.00 $ 2,870.20 $ 47,129.80
18 $ 50,000.00 $ 1,456.31 $ 48,543.69
VALOR FUTURO
1
A= 12000
n= 12 mensuales
j= 37.09% NTV
i= 9.27% TV
i= 3.00% MV
con formula
F= $ 170,303.75
$ 170,303.75
tabla de capitalizacion
no. Deposito Interes Ahorro

0 $ - $ - $ -
1 $ 12,000.00 $ - $ 12,000.00
2 $ 12,000.00 $ 359.99 $ 12,359.99
3 $ 12,000.00 $ 730.78 $ 12,730.78
4 $ 12,000.00 $ 1,112.70 $ 13,112.70
5 $ 12,000.00 $ 1,506.07 $ 13,506.07
6 $ 12,000.00 $ 1,911.25 $ 13,911.25
7 $ 12,000.00 $ 2,328.58 $ 14,328.58
8 $ 12,000.00 $ 2,758.42 $ 14,758.42
9 $ 12,000.00 $ 3,201.17 $ 15,201.17
10 $ 12,000.00 $ 3,657.19 $ 15,657.19
11 $ 12,000.00 $ 4,126.90 $ 16,126.90
12 $ 12,000.00 $ 4,610.69 $ 16,610.69
2
A= $ 200,000.00
n= 12 meses
i= 2% MV
DI= $ 500,000.00
DE= $ 2,000,000.00 n= 6

0 $ 500,000.00 $ - $ 500,000.00
1 $ 200,000.00 $ 10,000.00 $ 210,000.00
2 $ 200,000.00 $ 14,200.00 $ 214,200.00
3 $ 200,000.00 $ 18,484.00 $ 218,484.00
4 $ 200,000.00 $ 22,853.68 $ 222,853.68
5 $ 200,000.00 $ 27,310.75 $ 227,310.75
6 $ 2,200,000.00 $ 31,856.97 $ 2,231,856.97
7 $ 200,000.00 $ 76,494.11 $ 276,494.11
8 $ 200,000.00 $ 82,023.99 $ 282,023.99
9 $ 200,000.00 $ 87,664.47 $ 287,664.47
10 $ 200,000.00 $ 93,417.76 $ 293,417.76
11 $ 200,000.00 $ 99,286.11 $ 299,286.11
12 $ 200,000.00 $ 105,271.84 $ 305,271.84
CON FUNCION FINANCIERA
F= $ 634,120.90 + $ 2,252,324.84
con formula
F= $ 8,500,000.00
i= 2.50% MV
n= 24 mensuales
A= $ 262,758.97
A= $ 262,758.97

A= $ 262,758.97
con buscar objetivo

0 0 0 0
1 $ 262,758.97 0 $ 262,758.97
2 $ 262,758.97 6568.9743265218 $ 269,327.95
3 $ 262,758.97 13302.1730112066 $ 276,061.15
4 $ 262,758.97 20203.7016630085 $ 282,962.67
5 $ 262,758.97 27277.7685311055 $ 290,036.74
6 $ 262,758.97 34528.6870709049 $ 297,287.66
7 $ 262,758.97 41960.8785741993 $ 304,719.85
8 $ 262,758.97 49578.874865076 $ 312,337.85
9 $ 262,758.97 57387.3210632247 $ 320,146.29
10 $ 262,758.97 65390.9784163271 $ 328,149.95
11 $ 262,758.97 73594.727203257 $ 336,353.70
12 $ 262,758.97 82003.5697098602 $ 344,762.54
13 $ 262,758.97 90622.6332791285 $ 353,381.61
14 $ 262,758.97 99457.1734376284 $ 362,216.15
15 $ 262,758.97 108512.577100091 $ 371,271.55
16 $ 262,758.97 117794.365854115 $ 380,553.34
17 $ 262,758.97 127308.19932699 $ 390,067.17
18 $ 262,758.97 137059.878636686 $ 399,818.85
19 $ 262,758.97 147055.349929125 $ 409,814.32
20 $ 262,758.97 157300.708003875 $ 420,059.68
21 $ 262,758.97 167802.200030494 $ 430,561.17
22 $ 262,758.97 178566.229357778 $ 441,325.20
23 $ 262,758.97 189599.359418244 $ 452,358.33
24 $ 262,758.97 200908.317730222 $ 463,667.29
SALDO INSOLUTO
P= $ 4,500,000.00
A= $ 265,713.37
i= 3% MV
n= 24
S17= $ 1,655,469.48
con formula saldo insoluto

S17= $ 1,655,469.53
TABLA DE AMORTIZACION

0 0 0 0
1 $ 265,713.37 $ 135,000.00 $ 130,713.37
2 $ 265,713.37 $ 131,078.60 $ 134,634.77
3 $ 265,713.37 $ 127,039.56 $ 138,673.81
4 $ 265,713.37 $ 122,879.34 $ 142,834.03
5 $ 265,713.37 $ 118,594.32 $ 147,119.05
6 $ 265,713.37 $ 114,180.75 $ 151,532.62
7 $ 265,713.37 $ 109,634.77 $ 156,078.60
8 $ 265,713.37 $ 104,952.41 $ 160,760.96
9 $ 265,713.37 $ 100,129.58 $ 165,583.79
10 $ 265,713.37 $ 95,162.07 $ 170,551.30
11 $ 265,713.37 $ 90,045.53 $ 175,667.84
12 $ 265,713.37 $ 84,775.50 $ 180,937.87
13 $ 265,713.37 $ 79,347.36 $ 186,366.01
14 $ 265,713.37 $ 73,756.38 $ 191,956.99
15 $ 265,713.37 $ 67,997.67 $ 197,715.70
16 $ 265,713.37 $ 62,066.20 $ 203,647.17
17 $ 265,713.37 $ 55,956.78 $ 209,756.59
P= $ 20,000,000.00
A= $ 1,030,132.64
n= 15 meses
i= 3% MV

0 0 0 0
1 $ 1,030,132.64 $ 600,000.00 $ 430,132.64
2 $ 1,030,132.64 $ 587,096.02 $ 443,036.62
3 $ 1,030,132.64 $ 573,804.92 $ 456,327.72
4 $ 1,030,132.64 $ 560,115.09 $ 470,017.55
5 $ 1,030,132.64 $ 546,014.56 $ 484,118.08
6 $ 1,030,132.64 $ 531,491.02 $ 498,641.62
7 $ 1,030,132.64 $ 516,531.77 $ 513,600.87
8 $ 1,030,132.64 $ 501,123.75 $ 529,008.89
9 $ 1,030,132.64 $ 485,253.48 $ 544,879.16
10 $ 1,030,132.64 $ 468,907.11 $ 561,225.53
11 $ 1,030,132.64 $ 452,070.34 $ 578,062.30
12 $ 1,030,132.64 $ 434,728.47 $ 595,404.17
13 $ 1,030,132.64 $ 416,866.35 $ 613,266.29
14 $ 1,030,132.64 $ 398,468.36 $ 631,664.28
15 $ 1,030,132.64 $ 379,518.43 $ 650,614.21
P= ?
A= $ 1,500,000.00
n= 6
i= 9% TV
P= $ 6,728,877.89
conversion de tasa TV a MV
i= 2.91% MV
n= 40
A= $ 1,000,000.00
TABLA DE AMORTIZACION (BUSCAR OBJETIVO)
80%p= $ 25,666,320.80
Am= $ 1,000,000.00
At= $ 1,500,000.00
nt= 6
nm= 40
i= 9% TV
i= 2.91% MV
CE= $ 300,000.00

0 0 0 0
1 $ 1,000,000.00 $ 747,979.90 $ 252,020.10
2 $ 1,000,000.00 $ 740,635.41 $ 259,364.59
3 $ 1,000,000.00 $ 733,076.88 $ 266,923.12
4 $ 1,000,000.00 $ 725,298.09 $ 274,701.91
5 $ 1,000,000.00 $ 717,292.60 $ 282,707.40
6 $ 1,000,000.00 $ 709,053.80 $ 290,946.20
7 $ 1,000,000.00 $ 700,574.91 $ 299,425.09
8 $ 1,000,000.00 $ 691,848.93 $ 308,151.07
9 $ 1,000,000.00 $ 682,868.65 $ 317,131.35
10 $ 1,000,000.00 $ 673,626.66 $ 326,373.34
11 $ 1,000,000.00 $ 664,115.33 $ 335,884.67
12 $ 1,000,000.00 $ 654,326.82 $ 345,673.18
13 $ 1,000,000.00 $ 644,253.06 $ 355,746.94
14 $ 1,000,000.00 $ 633,885.71 $ 366,114.29
15 $ 1,000,000.00 $ 623,216.24 $ 376,783.76
16 $ 1,000,000.00 $ 612,235.83 $ 387,764.17
17 $ 1,000,000.00 $ 600,935.43 $ 399,064.57
18 $ 1,000,000.00 $ 589,305.70 $ 410,694.30
19 $ 1,000,000.00 $ 577,337.06 $ 422,662.94
20 $ 1,000,000.00 $ 565,019.61 $ 434,980.39
21 $ 1,000,000.00 $ 552,343.21 $ 447,656.79
22 $ 1,000,000.00 $ 539,297.39 $ 460,702.61
23 $ 1,000,000.00 $ 525,871.38 $ 474,128.62
24 $ 1,000,000.00 $ 512,054.10 $ 487,945.90
25 $ 1,000,000.00 $ 497,834.16 $ 502,165.84
26 $ 1,000,000.00 $ 483,199.80 $ 516,800.20
27 $ 1,000,000.00 $ 468,138.97 $ 531,861.03
28 $ 1,000,000.00 $ 452,639.23 $ 547,360.77
29 $ 1,000,000.00 $ 436,687.79 $ 563,312.21
30 $ 1,000,000.00 $ 420,271.48 $ 579,728.52
31 $ 1,000,000.00 $ 403,376.76 $ 596,623.24
32 $ 1,000,000.00 $ 385,989.69 $ 614,010.31
33 $ 1,000,000.00 $ 368,095.91 $ 631,904.09
34 $ 1,000,000.00 $ 349,680.67 $ 650,319.33
35 $ 1,000,000.00 $ 330,728.76 $ 669,271.24
36 $ 1,000,000.00 $ 311,224.54 $ 688,775.46
37 $ 1,000,000.00 $ 291,151.93 $ 708,848.07
38 $ 1,000,000.00 $ 270,494.35 $ 729,505.65
39 $ 1,000,000.00 $ 249,234.75 $ 750,765.25
40 $ 1,300,000.00 $ 227,355.60 $ 1,072,644.40
1 $ 1,500,000.00 $ 605,599.01 894400.990318822
2 $ 1,500,000.00 $ 525,102.92 974897.079447516
3 $ 1,500,000.00 $ 437,362.18 1062637.81659779
4 $ 1,500,000.00 $ 341,724.78 1158275.22009159
5 $ 1,500,000.00 $ 237,480.01 1262519.98989984
6 $ 1,500,000.00 $ 123,853.21 1376146.78899082
series uniformes anticipadas
A= $ 15,000.00
n= 18 mensuales
i= 3% MV
con formula
P= $ 212,491.78
con funcion financiera P=
P= $ 212,491.78

0 $ 15,000.00 0 $ 15,000.00
1 $ 15,000.00 $ 5,924.75 $ 9,075.25
2 $ 15,000.00 $ 5,652.50 $ 9,347.50
3 $ 15,000.00 $ 5,372.07 $ 9,627.93
4 $ 15,000.00 $ 5,083.23 $ 9,916.77
5 $ 15,000.00 $ 4,785.73 $ 10,214.27
6 $ 15,000.00 $ 4,479.30 $ 10,520.70
7 $ 15,000.00 $ 4,163.68 $ 10,836.32
8 $ 15,000.00 $ 3,838.59 $ 11,161.41
9 $ 15,000.00 $ 3,503.75 $ 11,496.25
10 $ 15,000.00 $ 3,158.86 $ 11,841.14
11 $ 15,000.00 $ 2,803.63 $ 12,196.37
12 $ 15,000.00 $ 2,437.74 $ 12,562.26
13 $ 15,000.00 $ 2,060.87 $ 12,939.13
14 $ 15,000.00 $ 1,672.69 $ 13,327.31
15 $ 15,000.00 $ 1,272.88 $ 13,727.12
16 $ 15,000.00 $ 861.06 $ 14,138.94
17 $ 15,000.00 $ 436.89 $ 14,563.11
2
CI= $ 5,000,000.00
A= $ 500,000.00
CE= $ 1,000,000.00
i= 4% MV
n= 18 mensuales
P= $ 12,997,746.00

0 $ 5,500,000.00 0 $ 5,500,000.00
1 $ 500,000.00 $ 299,909.84 $ 200,090.16
2 $ 500,000.00 $ 291,906.23 $ 208,093.77
3 $ 500,000.00 $ 283,582.48 $ 216,417.52
4 $ 500,000.00 $ 274,925.78 $ 225,074.22
5 $ 500,000.00 $ 265,922.81 $ 234,077.19
6 $ 1,500,000.00 $ 256,559.73 $ 1,243,440.27
7 $ 500,000.00 $ 206,822.12 $ 293,177.88
8 $ 500,000.00 $ 195,095.00 $ 304,905.00
9 $ 500,000.00 $ 182,898.80 $ 317,101.20
10 $ 500,000.00 $ 170,214.75 $ 329,785.25
11 $ 500,000.00 $ 157,023.34 $ 342,976.66
12 $ 1,500,000.00 $ 143,304.28 $ 1,356,695.72
13 $ 500,000.00 $ 89,036.45 $ 410,963.55
14 $ 500,000.00 $ 72,597.90 $ 427,402.10
15 $ 500,000.00 $ 55,501.82 $ 444,498.18
16 $ 500,000.00 $ 37,721.89 $ 462,278.11
17 $ 500,000.00 $ 19,230.77 $ 480,769.23
i= 2% MV
A= $ 800,000.00
n= 12 meses
P= ?
formula
P= $ 8,629,478.44
funcion financiera
$ 8,629,478.44

0 $ 800,000.00 0 $ 800,000.00
1 $ 800,000.00 $ 156,589.57 $ 643,410.43
2 $ 800,000.00 $ 143,721.36 $ 656,278.64
3 $ 800,000.00 $ 130,595.79 $ 669,404.21
4 $ 800,000.00 $ 117,207.70 $ 682,792.30
5 $ 800,000.00 $ 103,551.86 $ 696,448.14
6 $ 800,000.00 $ 89,622.89 $ 710,377.11
7 $ 800,000.00 $ 75,415.35 $ 724,584.65
8 $ 800,000.00 $ 60,923.66 $ 739,076.34
9 $ 800,000.00 $ 46,142.13 $ 753,857.87
10 $ 800,000.00 $ 31,064.98 $ 768,935.02
11 $ 800,000.00 $ 15,686.27 $ 784,313.73
a.) P= $ 32,000,000.00
b.) CI= $ 5,000,000.00

n= 24 MV
A= $ 1,500,000.00 mensuales
CE= $ 2,500,000.00 mes 30
i= 2% MV
funcion financiera
p= $ 5,000,000.00 +
p= $ 34,751,065.63
0 $ 2,500,000.00 0 $ 2,500,000.00
1 $ 2,500,000.00 $ 559,358.34 $ 1,940,641.66
2 $ 2,500,000.00 $ 520,545.51 $ 1,979,454.49
3 $ 2,500,000.00 $ 480,956.42 $ 2,019,043.58
4 $ 2,500,000.00 $ 440,575.55 $ 2,059,424.45
5 $ 2,500,000.00 $ 399,387.06 $ 2,100,612.94
6 $ 2,500,000.00 $ 357,374.80 $ 2,142,625.20
7 $ 2,500,000.00 $ 314,522.29 $ 2,185,477.71
8 $ 2,500,000.00 $ 270,812.74 $ 2,229,187.26
9 $ 2,500,000.00 $ 226,228.99 $ 2,273,771.01
10 $ 2,500,000.00 $ 180,753.57 $ 2,319,246.43
11 $ 2,500,000.00 $ 134,368.64 $ 2,365,631.36
12 0 $ 87,056.02 -$ 87,056.02
13 0 $ 88,797.14 -$ 88,797.14
14 0 $ 90,573.08 -$ 90,573.08
15 0 $ 92,384.54 -$ 92,384.54
16 0 $ 94,232.23 -$ 94,232.23
17 0 $ 96,116.88 -$ 96,116.88
18 $ 5,000,000.00 $ 98,039.22 $ 4,901,960.78
EJERCICIOS CALCULO VARIABLES N , i
n=
i= 36% NMV 3.00%
P= $ 1,000,000.00
A= $ 100,000.00 mensuales
n= 12.066623709 meses
P= $ 10,000,000.00
A= $ 1,100,000.00
n= 36% NMV
n= 10.4060582816 meses
3
P= $ 1,000,000.00
A= $ 95,000.00
n= 12 mensuales
i= 2.08% MV
p= $ 15,000,000.00
n= 60 mensuales
i=
A= $ 405,800.00
i= 1.75% MV
i= 21.00% NMV
A= $ 250.00 anuales
n= 8 años
F= $ 2,298.78
i= 3.09% AV
QUIZ
n= 12 mensuales
i= 20% NMV
A= $ 1,000,000.00
P= $ 10,795,113.44
P= $ 10,000,000.00
n= 5 años
i= 17% NTV
A=
CE= $ 2,000,000.00 año 3
A= $ 3,206,096.35
A= $ 3,206,096.35
A= $ 2,816,967.17
P= $ 50,000,000.00
i= 30% NMV 2.50%
n= 24
funcion financiera
A= $ 2,795,641.02
A= $ 2,795,641.02
4
A= $ 100,000.00 trimestralmente
i= 20% AV
n= 10 años
no deposito interes ahorro

0 0 0 0
1 $ 100,000.00 0 $ 100,000.00
2 $ 100,000.00 4663.5139392106 $ 104,663.51
3 $ 100,000.00 9544.5115010332 $ 109,544.51
4 $ 100,000.00 14653.135064524 $ 114,653.14
5 $ 100,000.00 20000 $ 120,000.00
6 $ 100,000.00 25596.2167270527 $ 125,596.22
7 $ 100,000.00 31453.4138012399 $ 131,453.41
8 $ 100,000.00 37583.7620774289 $ 137,583.76
9 $ 100,000.00 44000.0000000001 $ 144,000.00
10 $ 100,000.00 50715.4600724633 $ 150,715.46
11 $ 100,000.00 57744.0965614879 $ 157,744.10
12 $ 100,000.00 65100.5144929147 $ 165,100.51
13 $ 100,000.00 72800.0000000001 $ 172,800.00
14 $ 100,000.00 80858.552086956 $ 180,858.55
15 $ 100,000.00 89292.9158737855 $ 189,292.92
16 $ 100,000.00 98120.6173914977 $ 198,120.62
17 $ 100,000.00 107360 $ 207,360.00
18 $ 100,000.00 117030.262504347 $ 217,030.26
19 $ 100,000.00 127151.499048543 $ 227,151.50
20 $ 100,000.00 137744.740869797 $ 237,744.74
21 $ 100,000.00 148832 $ 248,832.00
22 $ 100,000.00 160436.315005217 $ 260,436.32
23 $ 100,000.00 172581.798858251 $ 272,581.80
24 $ 100,000.00 185293.689043757 $ 285,293.69
25 $ 100,000.00 198598.4 $ 298,598.40
26 $ 100,000.00 212523.57800626 $ 312,523.58
27 $ 100,000.00 227098.158629902 $ 327,098.16
28 $ 100,000.00 242352.426852508 $ 342,352.43
29 $ 100,000.00 258318.080000001 $ 358,318.08
30 $ 100,000.00 275028.293607512 $ 375,028.29
31 $ 100,000.00 292517.790355882 $ 392,517.79
32 $ 100,000.00 310822.91222301 $ 410,822.91
33 $ 100,000.00 329981.696000001 $ 429,981.70
34 $ 100,000.00 350033.952329015 $ 450,033.95
35 $ 100,000.00 371021.348427059 $ 471,021.35
36 $ 100,000.00 392987.494667612 $ 492,987.49
37 $ 100,000.00 415978.035200001 $ 515,978.04
38 $ 100,000.00 440040.742794818 $ 540,040.74
39 $ 100,000.00 465225.618112471 $ 565,225.62
40 $ 100,000.00 491584.993601135 $ 591,584.99
CI= $ 500,000.00
n= 24 mensuales
A= $ 185,500.00
i= 30% NMV
funcion financiera
P= $ 3,317,664.87 +
P= $ 3,817,664.87
TABLA DE AMORTIZACION P=
no cuota interes amortizacion

0 $ 500,000.00 0 $ 500,000.00
1 $ 185,500.00 82941.6217985878 $ 102,558.38
2 $ 185,500.00 80377.6623435525 $ 105,122.34
3 $ 185,500.00 77749.6039021413 $ 107,750.40
4 $ 185,500.00 75055.8439996948 $ 110,444.16
5 $ 185,500.00 72294.7400996872 $ 113,205.26
6 $ 185,500.00 69464.6086021793 $ 116,035.39
7 $ 185,500.00 66563.7238172338 $ 118,936.28
8 $ 185,500.00 63590.3169126647 $ 121,909.68
9 $ 185,500.00 60542.5748354813 $ 124,957.43
10 $ 185,500.00 57418.6392063683 $ 128,081.36
11 $ 185,500.00 54216.6051865275 $ 131,283.39
12 $ 185,500.00 50934.5203161907 $ 134,565.48
13 $ 185,500.00 47570.3833240955 $ 137,929.62
14 $ 185,500.00 44122.1429071979 $ 141,377.86
15 $ 185,500.00 40587.6964798778 $ 144,912.30
16 $ 185,500.00 36964.8888918748 $ 148,535.11
17 $ 185,500.00 33251.5111141716 $ 152,248.49
18 $ 185,500.00 29445.2988920259 $ 156,054.70
19 $ 185,500.00 25543.9313643266 $ 159,956.07
20 $ 185,500.00 21545.0296484347 $ 163,954.97
21 $ 185,500.00 17446.1553896456 $ 168,053.84
22 $ 185,500.00 13244.8092743867 $ 172,255.19
23 $ 185,500.00 8938.4295062464 $ 176,561.57
24 $ 185,500.00 4524.3902439026 $ 180,975.61
P= $ 30,000,000.00
i= 1.18% MV
A= $ 750,000.00 mensual
n= 54.4423488282
P= $ 70,000,000.00
CI= $ 15,000,000.00
n= 10 mensuales
A= $ 5,008,042.06
i= 20.00% NTA 5.00%
5.26%
1.72%
A1= $ 4,500,000.00
CE= iguales en los meses 5 y 10
$ 7,944,448
8
n= 14 mensuales
A= $ 100,000.00
i= 36% NMV 3.00%
P= $ 1,129,607.31
n= 17
A= $ 200,000.00 trimestrales anticipados
i= 9.00% TV
P= $ 1,862,511.64
P= $ 10,000,000.00
i= 21% AV 3.23%
n= 5 años 30
A= $ 525,344.01 cuota bimestral
A= $ 525,344.01
VALOR ADEUDADO
saldo 12 $ 7,087,986.22
10
P= $ 10,000,000.00
n= 8 mensuales
i= 10% SA 11.11%
CE= $ 300,000.00 mes 4 1.77%
A= $ 1,313,888.52
A= $ 1,313,888.52
11
n= 2 años 12
i= 3.00% BV
F= $ 2,000,000.00
A= $ 136,819.58
A= $ 136,819.58
12
P= $ 200,000,000.00
CI= $ 60,000,000.00
n= 10 años 120
i= 16.00% AV 1.24%
A= $ 2,253,048.45
A= $ 2,253,048.45
13
P= $ 20,000,000.00
i= 1.60% MA
A= $ 1,815,943.00 mensuales
n= 12.0003083794
suponiendo que es anticipada
ANUALIDAD DIFERIDA Y PERPETUA

PRESENTE ANUALIDAD DIFERIDA
A= $ 150,000.00
n= 18 meses
m= 4 poque se empieza a pagar desde el mes 4
i= 3.00% MV
funcion financiera
P= $ 1,832,972.74 P=
no deposito
0 0
1 0
2 0
3 0
4 0
5 $ 150,000.00
6 $ 150,000.00
7 $ 150,000.00
8 $ 150,000.00
9 $ 150,000.00
10 $ 150,000.00
11 $ 150,000.00
12 $ 150,000.00
13 $ 150,000.00
14 $ 150,000.00
15 $ 150,000.00
16 $ 150,000.00
17 $ 150,000.00
18 $ 150,000.00
19 $ 150,000.00
20 $ 150,000.00
21 $ 150,000.00
22 $ 150,000.00
2
P= $ 3,800,000.00
i= 2% MV
n= 6
m= 3
buscar objetivo A=
no deposito
0 0
1 0
2 0
3 0
4 $ 719,921.48
5 $ 719,921.48
6 $ 719,921.48
7 $ 719,921.48
8 $ 719,921.48
9 $ 719,921.48
P= $ 50,000,000.00
A= $ 750,000.00
n= 6
m= 5
CE= $ 78,259,617.64 mes 18
i= 3.00% MV
no deposito interes
0 0 0
1 0 $ 1,500,000.00
2 0 $ 1,545,000.00
3 0 $ 1,591,350.00
4 0 $ 1,639,090.50
5 0 $ 1,688,263.22
6 $ 750,000.00 $ 1,738,911.11
7 $ 750,000.00 $ 1,768,578.44
8 $ 750,000.00 $ 1,799,135.80
9 $ 750,000.00 $ 1,830,609.87
10 $ 750,000.00 $ 1,863,028.17
11 $ 750,000.00 $ 1,896,419.01
12 $ 750,000.00 $ 1,930,811.58
13 $ - $ 1,966,235.93
14 $ - $ 2,025,223.01
15 $ - $ 2,085,979.70
16 $ - $ 2,148,559.09
17 $ - $ 2,213,015.86
18 $ 78,259,617.64 $ 2,279,406.34
FUTUROS ANUALIDAD DIFERIDA
1
DI= $ 20,000,000.00
A= $ 1,500,000.00
m= 6
n= 60
i= 1% MV
VF= $ 160,691,834.55
no deposito interes
0 $ 20,000,000.00 0
1 0 $ 200,000.00
2 0 $ 202,000.00
3 0 $ 204,020.00
4 0 $ 206,060.20
5 0 $ 208,120.80
6 $ 1,500,000.00 $ 210,202.01
7 $ 1,500,000.00 $ 227,304.03
8 $ 1,500,000.00 $ 244,577.07
9 $ 1,500,000.00 $ 262,022.84
10 $ 1,500,000.00 $ 279,643.07
11 $ 1,500,000.00 $ 297,439.50
12 $ 1,500,000.00 $ 315,413.90
13 $ 1,500,000.00 $ 333,568.03
14 $ 1,500,000.00 $ 351,903.71
15 $ 1,500,000.00 $ 370,422.75
16 $ 1,500,000.00 $ 389,126.98
17 $ 1,500,000.00 $ 408,018.25
18 $ 1,500,000.00 $ 427,098.43
19 $ 1,500,000.00 $ 446,369.42
20 $ 1,500,000.00 $ 465,833.11
21 $ 1,500,000.00 $ 485,491.44
22 $ 1,500,000.00 $ 505,346.36
23 $ 1,500,000.00 $ 525,399.82
24 $ 1,500,000.00 $ 545,653.82
25 $ 1,500,000.00 $ 566,110.36
26 $ 1,500,000.00 $ 586,771.46
27 $ 1,500,000.00 $ 607,639.17
28 $ 1,500,000.00 $ 628,715.57
29 $ 1,500,000.00 $ 650,002.72
30 $ 1,500,000.00 $ 671,502.75
31 $ 1,500,000.00 $ 693,217.78
32 $ 1,500,000.00 $ 715,149.95
33 $ 1,500,000.00 $ 737,301.45
34 $ 1,500,000.00 $ 759,674.47
35 $ 1,500,000.00 $ 782,271.21
36 $ 1,500,000.00 $ 805,093.92
37 $ 1,500,000.00 $ 828,144.86
38 $ 1,500,000.00 $ 851,426.31
39 $ 1,500,000.00 $ 874,940.58
40 $ 1,500,000.00 $ 898,689.98
41 $ 1,500,000.00 $ 922,676.88
42 $ 1,500,000.00 $ 946,903.65
43 $ 1,500,000.00 $ 971,372.69
44 $ 1,500,000.00 $ 996,086.41
45 $ 1,500,000.00 $ 1,021,047.28
46 $ 1,500,000.00 $ 1,046,257.75
47 $ 1,500,000.00 $ 1,071,720.33
48 $ 1,500,000.00 $ 1,097,437.53
49 $ 1,500,000.00 $ 1,123,411.91
50 $ 1,500,000.00 $ 1,149,646.02
51 $ 1,500,000.00 $ 1,176,142.49
52 $ 1,500,000.00 $ 1,202,903.91
53 $ 1,500,000.00 $ 1,229,932.95
54 $ 1,500,000.00 $ 1,257,232.28
55 $ 1,500,000.00 $ 1,284,804.60
56 $ 1,500,000.00 $ 1,312,652.65
57 $ 1,500,000.00 $ 1,340,779.17
58 $ 1,500,000.00 $ 1,369,186.97
59 $ 1,500,000.00 $ 1,397,878.84
60 $ 1,500,000.00 $ 1,426,857.62
61 $ 1,500,000.00 $ 1,456,126.20
62 $ 1,500,000.00 $ 1,485,687.46
63 $ 1,500,000.00 $ 1,515,544.34
64 $ 1,500,000.00 $ 1,545,699.78
65 $ 1,500,000.00 $ 1,576,156.78
2
DI= $ 10,000,000.00
DE= $ 1,500,000.00 mes 30
n= 50
m= 10
A= $ 500,000.00
i= 1.80% MV
no deposito interes
0 $ 10,000,000.00 0
1 0 $ 180,000.00
2 0 $ 183,240.00
3 0 $ 186,538.32
4 0 $ 189,896.01
5 0 $ 193,314.14
6 0 $ 196,793.79
7 0 $ 200,336.08
8 0 $ 203,942.13
9 0 $ 207,613.09
10 $ 500,000.00 $ 211,350.12
11 $ 500,000.00 $ 224,154.43
12 $ 500,000.00 $ 237,189.21
13 $ 500,000.00 $ 250,458.61
14 $ 500,000.00 $ 263,966.87
15 $ 500,000.00 $ 277,718.27
16 $ 500,000.00 $ 291,717.20
17 $ 500,000.00 $ 305,968.11
18 $ 500,000.00 $ 320,475.53
19 $ 500,000.00 $ 335,244.09
20 $ 500,000.00 $ 350,278.49
21 $ 500,000.00 $ 365,583.50
22 $ 500,000.00 $ 381,164.00
23 $ 500,000.00 $ 397,024.96
24 $ 500,000.00 $ 413,171.41
25 $ 500,000.00 $ 429,608.49
26 $ 500,000.00 $ 446,341.44
27 $ 500,000.00 $ 463,375.59
28 $ 500,000.00 $ 480,716.35
29 $ 500,000.00 $ 498,369.24
30 $ 2,000,000.00 $ 516,339.89
31 $ 500,000.00 $ 561,634.01
32 $ 500,000.00 $ 580,743.42
33 $ 500,000.00 $ 600,196.80
34 $ 500,000.00 $ 620,000.34
35 $ 500,000.00 $ 640,160.35
36 $ 500,000.00 $ 660,683.24
37 $ 500,000.00 $ 681,575.54
38 $ 500,000.00 $ 702,843.90
39 $ 500,000.00 $ 724,495.09
40 $ 500,000.00 $ 746,536.00
41 $ 500,000.00 $ 768,973.64
42 $ 500,000.00 $ 791,815.17
43 $ 500,000.00 $ 815,067.84
44 $ 500,000.00 $ 838,739.06
45 $ 500,000.00 $ 862,836.37
46 $ 500,000.00 $ 887,367.42
47 $ 500,000.00 $ 912,340.04
48 $ 500,000.00 $ 937,762.16
49 $ 500,000.00 $ 963,641.88
50 $ 500,000.00 $ 989,987.43
51 $ 500,000.00 $ 1,016,807.20
52 $ 500,000.00 $ 1,044,109.73
53 $ 500,000.00 $ 1,071,903.71
54 $ 500,000.00 $ 1,100,197.97
55 $ 500,000.00 $ 1,129,001.54
56 $ 500,000.00 $ 1,158,323.57
57 $ 500,000.00 $ 1,188,173.39
58 $ 500,000.00 $ 1,218,560.51
59 $ 500,000.00 $ 1,249,494.60
ANUALIDAD PERPETUA
A= $ 500,000.00 mensuales
i= 4% MV
P= $ 12,500,000.00
P= $ 200,000,000.00
i= 0.80% MV
A= $ 1,600,000.00
3
A= $ 500,000.00
i= 1.20% MV
P= $ 41,666,666.67
GRADIENTE LINEAL CRECIENTE
1 BUSCAR OBJETIVO
G= $ 10,000.00
n= 24 P=
A= $ 150,000.00
i= 3.00% MV
no deposito interes
0 0 0
1 $ 150,000.00 $ 127,501.26
2 $ 160,000.00 $ 126,826.30
3 $ 170,000.00 $ 125,831.09
4 $ 180,000.00 $ 124,506.02
5 $ 190,000.00 $ 122,841.20
6 $ 200,000.00 $ 120,826.44
7 $ 210,000.00 $ 118,451.23
8 $ 220,000.00 $ 115,704.77
9 $ 230,000.00 $ 112,575.91
10 $ 240,000.00 $ 109,053.19
11 $ 250,000.00 $ 105,124.79
12 $ 260,000.00 $ 100,778.53
13 $ 270,000.00 $ 96,001.89
14 $ 280,000.00 $ 90,781.94
15 $ 290,000.00 $ 85,105.40
16 $ 300,000.00 $ 78,958.56
17 $ 310,000.00 $ 72,327.32
18 $ 320,000.00 $ 65,197.14
19 $ 330,000.00 $ 57,553.05
20 $ 340,000.00 $ 49,379.65
21 $ 350,000.00 $ 40,661.04
22 $ 360,000.00 $ 31,380.87
23 $ 370,000.00 $ 21,522.29
24 $ 380,000.00 $ 11,067.96
P= $ 50,000,000.00
n= 36 mensuales
G= $ 20,000.00
i= 2.50% MV
Valor primera cuota= $ 1,825,184.25
no deposito interes
0 0 0
1 $ 1,825,184.25 $ 1,250,000.00
2 $ 1,845,184.25 $ 1,235,620.39
3 $ 1,865,184.25 $ 1,220,381.30
4 $ 1,885,184.25 $ 1,204,261.22
5 $ 1,905,184.25 $ 1,187,238.15
6 $ 1,925,184.25 $ 1,169,289.50
7 $ 1,945,184.25 $ 1,150,392.13
8 $ 1,965,184.25 $ 1,130,522.32
9 $ 1,985,184.25 $ 1,109,655.78
10 $ 2,005,184.25 $ 1,087,767.56
11 $ 2,025,184.25 $ 1,064,832.15
12 $ 2,045,184.25 $ 1,040,823.34
13 $ 2,065,184.25 $ 1,015,714.32
14 $ 2,085,184.25 $ 989,477.57
15 $ 2,105,184.25 $ 962,084.91
16 $ 2,125,184.25 $ 933,507.42
17 $ 2,145,184.25 $ 903,715.50
18 $ 2,165,184.25 $ 872,678.78
19 $ 2,185,184.25 $ 840,366.15
20 $ 2,205,184.25 $ 806,745.70
21 $ 2,225,184.25 $ 771,784.73
22 $ 2,245,184.25 $ 735,449.74
23 $ 2,265,184.25 $ 697,706.38
24 $ 2,285,184.25 $ 658,519.43
25 $ 2,305,184.25 $ 617,852.81
26 $ 2,325,184.25 $ 575,669.53
27 $ 2,345,184.25 $ 531,931.66
28 $ 2,365,184.25 $ 486,600.35
29 $ 2,385,184.25 $ 439,635.75
30 $ 2,405,184.25 $ 390,997.04
31 $ 2,425,184.25 $ 340,642.35
32 $ 2,445,184.25 $ 288,528.81
33 $ 2,465,184.25 $ 234,612.42
34 $ 2,485,184.25 $ 178,848.13
35 $ 2,505,184.25 $ 121,189.72
36 $ 2,525,184.25 $ 61,589.86
i= 9.00% TV
n= 9 años 36
A= $ 500,000.00
G= $ 100,000.00
no deposito interes
0 0 0
1 $ 500,000.00 0
2 $ 600,000.00 $ 45,000.00
3 $ 700,000.00 $ 103,050.00
4 $ 800,000.00 $ 175,324.50
5 $ 900,000.00 $ 263,103.71
6 $ 1,000,000.00 $ 367,783.04
7 $ 1,100,000.00 $ 490,883.51
8 $ 1,200,000.00 $ 634,063.03
9 $ 1,300,000.00 $ 799,128.70
10 $ 1,400,000.00 $ 988,050.28
11 $ 1,500,000.00 $ 1,202,974.81
12 $ 1,600,000.00 $ 1,446,242.54
13 $ 1,700,000.00 $ 1,720,404.37
14 $ 1,800,000.00 $ 2,028,240.76
15 $ 1,900,000.00 $ 2,372,782.43
16 $ 2,000,000.00 $ 2,757,332.85
17 $ 2,100,000.00 $ 3,185,492.81
18 $ 2,200,000.00 $ 3,661,187.16
19 $ 2,300,000.00 $ 4,188,694.01
20 $ 2,400,000.00 $ 4,772,676.47
21 $ 2,500,000.00 $ 5,418,217.35
22 $ 2,600,000.00 $ 6,130,856.91
23 $ 2,700,000.00 $ 6,916,634.03
24 $ 2,800,000.00 $ 7,782,131.09
25 $ 2,900,000.00 $ 8,734,522.89
26 $ 3,000,000.00 $ 9,781,629.95
27 $ 3,100,000.00 $ 10,931,976.65
28 $ 3,200,000.00 $ 12,194,854.55
29 $ 3,300,000.00 $ 13,580,391.46
30 $ 3,400,000.00 $ 15,099,626.69
31 $ 3,500,000.00 $ 16,764,593.09
32 $ 3,600,000.00 $ 18,588,406.47
33 $ 3,700,000.00 $ 20,585,363.05
34 $ 3,800,000.00 $ 22,771,045.72
35 $ 3,900,000.00 $ 25,162,439.84
36 $ 4,000,000.00 $ 27,778,059.42
GRADIENTE LINEAL DECRECIENTE
n= 180
G= $ 10,000.00
A= $ 3,015,896.71
i= 3% MV
P= $ 89,274,924.47
no deposito interes
0 0 0
1 $ 3,015,896.71 $ 2,678,247.73
2 $ 3,005,896.71 $ 2,668,118.26
3 $ 2,995,896.71 $ 2,657,984.91
4 $ 2,985,896.71 $ 2,647,847.56
5 $ 2,975,896.71 $ 2,637,706.08
6 $ 2,965,896.71 $ 2,627,560.36
7 $ 2,955,896.71 $ 2,617,410.27
8 $ 2,945,896.71 $ 2,607,255.68
9 $ 2,935,896.71 $ 2,597,096.45
10 $ 2,925,896.71 $ 2,586,932.44
11 $ 2,915,896.71 $ 2,576,763.51
12 $ 2,905,896.71 $ 2,566,589.52
13 $ 2,895,896.71 $ 2,556,410.30
14 $ 2,885,896.71 $ 2,546,225.71
15 $ 2,875,896.71 $ 2,536,035.58
16 $ 2,865,896.71 $ 2,525,839.75
17 $ 2,855,896.71 $ 2,515,638.04
18 $ 2,845,896.71 $ 2,505,430.28
19 $ 2,835,896.71 $ 2,495,216.28
20 $ 2,825,896.71 $ 2,484,995.87
21 $ 2,815,896.71 $ 2,474,768.85
22 $ 2,805,896.71 $ 2,464,535.01
23 $ 2,795,896.71 $ 2,454,294.16
24 $ 2,785,896.71 $ 2,444,046.08
25 $ 2,775,896.71 $ 2,433,790.56
26 $ 2,765,896.71 $ 2,423,527.38
27 $ 2,755,896.71 $ 2,413,256.30
28 $ 2,745,896.71 $ 2,402,977.09
29 $ 2,735,896.71 $ 2,392,689.50
30 $ 2,725,896.71 $ 2,382,393.28
31 $ 2,715,896.71 $ 2,372,088.18
32 $ 2,705,896.71 $ 2,361,773.92
33 $ 2,695,896.71 $ 2,351,450.24
34 $ 2,685,896.71 $ 2,341,116.85
35 $ 2,675,896.71 $ 2,330,773.45
36 $ 2,665,896.71 $ 2,320,419.75
37 $ 2,655,896.71 $ 2,310,055.44
38 $ 2,645,896.71 $ 2,299,680.21
39 $ 2,635,896.71 $ 2,289,293.71
40 $ 2,625,896.71 $ 2,278,895.62
41 $ 2,615,896.71 $ 2,268,485.59
42 $ 2,605,896.71 $ 2,258,063.25
43 $ 2,595,896.71 $ 2,247,628.25
44 $ 2,585,896.71 $ 2,237,180.20
45 $ 2,575,896.71 $ 2,226,718.70
46 $ 2,565,896.71 $ 2,216,243.36
47 $ 2,555,896.71 $ 2,205,753.76
48 $ 2,545,896.71 $ 2,195,249.47
49 $ 2,535,896.71 $ 2,184,730.06
50 $ 2,525,896.71 $ 2,174,195.06
51 $ 2,515,896.71 $ 2,163,644.01
52 $ 2,505,896.71 $ 2,153,076.42
53 $ 2,495,896.71 $ 2,142,491.82
54 $ 2,485,896.71 $ 2,131,889.67
55 $ 2,475,896.71 $ 2,121,269.46
56 $ 2,465,896.71 $ 2,110,630.64
57 $ 2,455,896.71 $ 2,099,972.66
58 $ 2,445,896.71 $ 2,089,294.94
59 $ 2,435,896.71 $ 2,078,596.88
60 $ 2,425,896.71 $ 2,067,877.89
61 $ 2,415,896.71 $ 2,057,137.32
62 $ 2,405,896.71 $ 2,046,374.54
63 $ 2,395,896.71 $ 2,035,588.88
64 $ 2,385,896.71 $ 2,024,779.64
65 $ 2,375,896.71 $ 2,013,946.13
66 $ 2,365,896.71 $ 2,003,087.61
67 $ 2,355,896.71 $ 1,992,203.34
68 $ 2,345,896.71 $ 1,981,292.54
69 $ 2,335,896.71 $ 1,970,354.41
70 $ 2,325,896.71 $ 1,959,388.15
71 $ 2,315,896.71 $ 1,948,392.89
72 $ 2,305,896.71 $ 1,937,367.77
73 $ 2,295,896.71 $ 1,926,311.91
74 $ 2,285,896.71 $ 1,915,224.36
75 $ 2,275,896.71 $ 1,904,104.19
76 $ 2,265,896.71 $ 1,892,950.42
77 $ 2,255,896.71 $ 1,881,762.03
78 $ 2,245,896.71 $ 1,870,537.99
79 $ 2,235,896.71 $ 1,859,277.22
80 $ 2,225,896.71 $ 1,847,978.64
81 $ 2,215,896.71 $ 1,836,641.10
82 $ 2,205,896.71 $ 1,825,263.43
83 $ 2,195,896.71 $ 1,813,844.43
84 $ 2,185,896.71 $ 1,802,382.86
85 $ 2,175,896.71 $ 1,790,877.45
86 $ 2,165,896.71 $ 1,779,326.87
87 $ 2,155,896.71 $ 1,767,729.77
88 $ 2,145,896.71 $ 1,756,084.77
89 $ 2,135,896.71 $ 1,744,390.41
90 $ 2,125,896.71 $ 1,732,645.22
91 $ 2,115,896.71 $ 1,720,847.67
92 $ 2,105,896.71 $ 1,708,996.20
93 $ 2,095,896.71 $ 1,697,089.19
94 $ 2,085,896.71 $ 1,685,124.96
95 $ 2,075,896.71 $ 1,673,101.81
96 $ 2,065,896.71 $ 1,661,017.96
97 $ 2,055,896.71 $ 1,648,871.60
98 $ 2,045,896.71 $ 1,636,660.85
99 $ 2,035,896.71 $ 1,624,383.77
100 $ 2,025,896.71 $ 1,612,038.38
101 $ 2,015,896.71 $ 1,599,622.63
102 $ 2,005,896.71 $ 1,587,134.41
103 $ 1,995,896.71 $ 1,574,571.54
104 $ 1,985,896.71 $ 1,561,931.79
105 $ 1,975,896.71 $ 1,549,212.84
106 $ 1,965,896.71 $ 1,536,412.32
107 $ 1,955,896.71 $ 1,523,527.79
108 $ 1,945,896.71 $ 1,510,556.72
109 $ 1,935,896.71 $ 1,497,496.52
110 $ 1,925,896.71 $ 1,484,344.52
111 $ 1,915,896.71 $ 1,471,097.95
112 $ 1,905,896.71 $ 1,457,753.99
113 $ 1,895,896.71 $ 1,444,309.71
114 $ 1,885,896.71 $ 1,430,762.10
115 $ 1,875,896.71 $ 1,417,108.06
116 $ 1,865,896.71 $ 1,403,344.40
117 $ 1,855,896.71 $ 1,389,467.83
118 $ 1,845,896.71 $ 1,375,474.96
119 $ 1,835,896.71 $ 1,361,362.31
120 $ 1,825,896.71 $ 1,347,126.28
121 $ 1,815,896.71 $ 1,332,763.17
122 $ 1,805,896.71 $ 1,318,269.16
123 $ 1,795,896.71 $ 1,303,640.33
124 $ 1,785,896.71 $ 1,288,872.64
125 $ 1,775,896.71 $ 1,273,961.92
126 $ 1,765,896.71 $ 1,258,903.88
127 $ 1,755,896.71 $ 1,243,694.09
128 $ 1,745,896.71 $ 1,228,328.01
129 $ 1,735,896.71 $ 1,212,800.95
130 $ 1,725,896.71 $ 1,197,108.08
131 $ 1,715,896.71 $ 1,181,244.42
132 $ 1,705,896.71 $ 1,165,204.85
133 $ 1,695,896.71 $ 1,148,984.10
134 $ 1,685,896.71 $ 1,132,576.72
135 $ 1,675,896.71 $ 1,115,977.12
136 $ 1,665,896.71 $ 1,099,179.53
137 $ 1,655,896.71 $ 1,082,178.02
138 $ 1,645,896.71 $ 1,064,966.46
139 $ 1,635,896.71 $ 1,047,538.55
140 $ 1,625,896.71 $ 1,029,887.80
141 $ 1,615,896.71 $ 1,012,007.54
142 $ 1,605,896.71 $ 993,890.86
143 $ 1,595,896.71 $ 975,530.69
144 $ 1,585,896.71 $ 956,919.70
145 $ 1,575,896.71 $ 938,050.39
146 $ 1,565,896.71 $ 918,915.01
147 $ 1,555,896.71 $ 899,505.55
148 $ 1,545,896.71 $ 879,813.82
149 $ 1,535,896.71 $ 859,831.33
150 $ 1,525,896.71 $ 839,549.37
151 $ 1,515,896.71 $ 818,958.95
152 $ 1,505,896.71 $ 798,050.82
153 $ 1,495,896.71 $ 776,815.44
154 $ 1,485,896.71 $ 755,243.00
155 $ 1,475,896.71 $ 733,323.39
156 $ 1,465,896.71 $ 711,046.19
157 $ 1,455,896.71 $ 688,400.68
158 $ 1,445,896.71 $ 665,375.80
159 $ 1,435,896.71 $ 641,960.17
160 $ 1,425,896.71 $ 618,142.07
161 $ 1,415,896.71 $ 593,909.43
162 $ 1,405,896.71 $ 569,249.82
163 $ 1,395,896.71 $ 544,150.41
164 $ 1,385,896.71 $ 518,598.02
165 $ 1,375,896.71 $ 492,579.06
166 $ 1,365,896.71 $ 466,079.53
167 $ 1,355,896.71 $ 439,085.01
168 $ 1,345,896.71 $ 411,580.66
169 $ 1,335,896.71 $ 383,551.18
170 $ 1,325,896.71 $ 354,980.82
171 $ 1,315,896.71 $ 325,853.34
172 $ 1,305,896.71 $ 296,152.04
173 $ 1,295,896.71 $ 265,859.70
174 $ 1,285,896.71 $ 234,958.59
175 $ 1,275,896.71 $ 203,430.44
176 $ 1,265,896.71 $ 171,256.46
177 $ 1,255,896.71 $ 138,417.25
178 $ 1,245,896.71 $ 104,892.86
179 $ 1,235,896.71 $ 70,662.75
180 $ 1,225,896.71 $ 35,705.73
GRADIENTE GEOMETRICO CRECIENTE
CI= $ 5,000,000.00
n= 24 mensuales
J= 5%
A= $ 1,500,000.00
i= 4% MV
P= $ 43,727,111.74

0 $ 5,000,000.00 0 $ 5,000,000.00
1 $ 1,500,000.00 $ 1,549,084.47 -$ 49,084.47
2 $ 1,575,000.00 $ 1,551,047.85 $ 23,952.15
3 $ 1,653,750.00 $ 1,550,089.76 $ 103,660.24
4 $ 1,736,437.50 $ 1,545,943.35 $ 190,494.15
5 $ 1,823,259.38 $ 1,538,323.59 $ 284,935.79
6 $ 1,914,422.34 $ 1,526,926.16 $ 387,496.19
7 $ 2,010,143.46 $ 1,511,426.31 $ 498,717.15
8 $ 2,110,650.63 $ 1,491,477.62 $ 619,173.01
9 $ 2,216,183.17 $ 1,466,710.70 $ 749,472.46
10 $ 2,326,992.32 $ 1,436,731.80 $ 890,260.52
11 $ 2,443,341.94 $ 1,401,121.38 $ 1,042,220.56
12 $ 2,565,509.04 $ 1,359,432.56 $ 1,206,076.48
13 $ 2,693,784.49 $ 1,311,189.50 $ 1,382,594.99
14 $ 2,828,473.71 $ 1,255,885.70 $ 1,572,588.01
15 $ 2,969,897.40 $ 1,192,982.18 $ 1,776,915.22
16 $ 3,118,392.27 $ 1,121,905.57 $ 1,996,486.70
17 $ 3,274,311.88 $ 1,042,046.10 $ 2,232,265.78
18 $ 3,438,027.48 $ 952,755.47 $ 2,485,272.00
19 $ 3,609,928.85 $ 853,344.59 $ 2,756,584.26
20 $ 3,790,425.29 $ 743,081.22 $ 3,047,344.07
21 $ 3,979,946.56 $ 621,187.46 $ 3,358,759.10
22 $ 4,178,943.89 $ 486,837.10 $ 3,692,106.79
23 $ 4,387,891.08 $ 339,152.82 $ 4,048,738.26
24 $ 4,607,285.63 $ 177,203.29 $ 4,430,082.34
VALOR FUTURO GRADIENTE LINEAL CRECIENTE
n= 12
J= 2%
i= 3% MV
A= $ 2,000,000.00
no deposito interes ahorro

0 0 0 0
1 $ 2,000,000.00 $ - $ 2,000,000.00
2 $ 2,040,000.00 $ 60,000.00 $ 2,100,000.00
3 $ 2,080,800.00 $ 123,000.00 $ 2,203,800.00
4 $ 2,122,416.00 $ 189,114.00 $ 2,311,530.00
5 $ 2,164,864.32 $ 258,459.90 $ 2,423,324.22
6 $ 2,208,161.61 $ 331,159.63 $ 2,539,321.23
7 $ 2,252,324.84 $ 407,339.26 $ 2,659,664.10
8 $ 2,297,371.34 $ 487,129.19 $ 2,784,500.52
9 $ 2,343,318.76 $ 570,664.20 $ 2,913,982.96
10 $ 2,390,185.14 $ 658,083.69 $ 3,048,268.83
11 $ 2,437,988.84 $ 749,531.76 $ 3,187,520.60
12 $ 2,486,748.62 $ 845,157.37 $ 3,331,905.99
Gradiente Geométrico decreciente
n= 12
i= 32% NTV 8.00%
A= $ 500,000.00
J= 2% cada trimestre
P= $ 3,441,890.96

0 0 0 0
1 $ 500,000.00 $ 275,351.28 $ 224,648.72
2 $ 490,000.00 $ 257,379.38 $ 232,620.62
3 $ 480,200.00 $ 238,769.73 $ 241,430.27
4 $ 470,596.00 $ 219,455.31 $ 251,140.69
5 $ 461,184.08 $ 199,364.05 $ 261,820.03
6 $ 451,960.40 $ 178,418.45 $ 273,541.95
7 $ 442,921.19 $ 156,535.09 $ 286,386.10
8 $ 434,062.77 $ 133,624.21 $ 300,438.56
9 $ 425,381.51 $ 109,589.12 $ 315,792.39
10 $ 416,873.88 $ 84,325.73 $ 332,548.15
11 $ 408,536.40 $ 57,721.88 $ 350,814.52
12 $ 400,365.68 $ 29,656.72 $ 370,708.96
RELACION BENEFICIO / COSTO
i= 11.12%
AÑO 0 AÑO 1 AÑO 2
-$ 35,000,000.00 $ 7,756,084.87 $ 9,445,038.44
VPN= $ 167,807.17
RBC= $ 1.00
COSTO ANUAL UNIFORME EQUIVALENTE (cual de las alternativas me da un costo anual mas p

-$ 25,000,000.00 -$ 750,000.00 -$ 750,000.00
i= 15.00% AV
VPN= -$ 22,542,348.97
CAUE= $ 6,724,733.29
Saldo
$ 2,000,000.00
$ 1,521,945.91
$ 1,029,550.20
$ 522,382.61
$ 0.00
Saldo
$ 4,500,000.00
$ 3,795,525.13
$ 3,073,438.39
$ 2,333,299.48
$ 1,574,657.10
$ 797,048.65
$ 0.00
= 5,711,250.21
Saldo
$ 4,711,250.21
$ 4,629,031.47
$ 4,544,757.26
$ 4,458,376.19
$ 4,369,835.59
$ 4,279,081.48
$ 4,186,058.52
$ 4,090,709.98
$ 3,992,977.73
$ 3,892,802.17
$ 3,790,122.23
$ 3,684,875.28
$ 3,576,997.17
$ 3,466,422.10
$ 3,353,082.65
$ 3,236,909.71
$ 3,117,832.46
$ 2,995,778.27
$ 2,870,672.73
$ 2,742,439.54
$ 2,611,000.53
$ 2,476,275.55
$ 2,338,182.43
$ 2,196,636.99
$ 2,051,552.92
$ 1,902,841.74
$ 1,750,412.79
$ 1,594,173.11
$ 1,434,027.43
$ 1,269,878.12
$ 1,101,625.07
$ 929,165.70
$ 752,394.84
$ 571,204.71
$ 385,484.83
$ 195,121.95
-$ 0.00
$ 13,548,433.70
Saldo
$ 13,548,433.70
$ 13,154,886.71
$ 12,749,533.31
$ 12,332,019.31
$ 11,901,979.89
$ 11,459,039.29
$ 11,002,810.46
$ 10,532,894.78
$ 10,048,881.62
$ 9,550,348.07
$ 9,036,858.51
$ 8,507,964.27
$ 7,963,203.19
$ 7,402,099.29
$ 6,824,162.27
$ 6,228,887.14
$ 5,615,753.75
$ 4,984,226.36
$ 4,333,753.16
$ 3,663,765.75
$ 2,973,678.72
$ 2,262,889.08
$ 1,530,775.76
$ 776,699.03
-$ 0.00
Saldo
$ 18,000,000.00
$ 17,653,808.65
$ 17,300,693.48
$ 16,940,516.00
$ 16,573,134.98
$ 16,198,406.33
$ 15,816,183.11
$ 15,426,315.42
$ 15,028,650.39
$ 14,623,032.05
$ 14,209,301.34
$ 13,787,296.02
$ 13,356,850.59
$ 12,917,796.26
$ 12,469,960.84
$ 12,013,168.71
$ 11,547,240.74
$ 11,071,994.20
$ 10,587,242.74
$ 10,092,796.25
$ 9,588,460.83
$ 9,074,038.70
$ 8,549,328.12
$ 8,014,123.34
$ 7,468,214.46
$ 6,911,387.40
$ 6,343,423.80
$ 5,764,100.93
$ 5,173,191.60
$ 4,570,464.09
$ 3,955,682.02
$ 3,328,604.32
$ 2,688,985.06
$ 2,036,573.41
$ 1,371,113.53
$ 692,344.46
$ 0.00
Saldo
$ 5,000,000.00
$ 5,100,000.00
$ 5,203,000.00
$ 5,309,090.00
$ 5,418,362.70
$ 5,530,913.58
$ 2,844,563.49
$ 2,879,900.39
$ 2,916,297.41
$ 2,953,786.33
$ 2,992,399.92
$ 3,032,171.91
$ 270,859.57
$ 228,985.36
$ 185,854.92
$ 141,430.57
$ 95,673.48
$ 48,543.69
$ 0.00
Saldo
$ -
$ 12,000.00
$ 24,359.99
$ 37,090.78
$ 50,203.48
$ 63,709.55
$ 77,620.80
$ 91,949.37
$ 106,707.79
$ 121,908.96
$ 137,566.15
$ 153,693.05
$ 170,303.75
Saldo
$ 500,000.00
$ 710,000.00
$ 924,200.00
$ 1,142,684.00
$ 1,365,537.68
$ 1,592,848.43
$ 3,824,705.40
$ 4,101,199.51
$ 4,383,223.50
$ 4,670,887.97
$ 4,964,305.73
$ 5,263,591.84
$ 5,568,863.68
+ $ 2,682,417.95 =
Saldo
0
$ 262,758.97
$ 532,086.92
$ 808,148.07
$ 1,091,110.74
$ 1,381,147.48
$ 1,678,435.14
$ 1,983,154.99
$ 2,295,492.84
$ 2,615,639.14
$ 2,943,789.09
$ 3,280,142.79
$ 3,624,905.33
$ 3,978,286.94
$ 4,340,503.08
$ 4,711,774.63
$ 5,092,327.97
$ 5,482,395.15
$ 5,882,214.00
$ 6,292,028.32
$ 6,712,088.00
$ 7,142,649.17
$ 7,583,974.38
$ 8,036,332.71
$ 8,500,000.00
Saldo
$ 4,500,000.00
$ 4,369,286.63
$ 4,234,651.86
$ 4,095,978.04
$ 3,953,144.02
$ 3,806,024.97
$ 3,654,492.35
$ 3,498,413.75
$ 3,337,652.79
$ 3,172,069.00
$ 3,001,517.70
$ 2,825,849.86
$ 2,644,911.99
$ 2,458,545.98
$ 2,266,588.99
$ 2,068,873.29
$ 1,865,226.12
$ 1,655,469.53
Saldo
$ 20,000,000.00
$ 19,569,867.36
$ 19,126,830.74
$ 18,670,503.02
$ 18,200,485.47
$ 17,716,367.40
$ 17,217,725.78
$ 16,704,124.91
$ 16,175,116.02
$ 15,630,236.86
$ 15,069,011.33
$ 14,490,949.03
$ 13,895,544.86
$ 13,282,278.56
$ 12,650,614.28
$ 12,000,000.07
Saldo
$ 25,666,320.80
$ 25,414,300.69
$ 25,154,936.10
$ 24,888,012.99
$ 24,613,311.07
$ 24,330,603.67
$ 24,039,657.47
$ 23,740,232.39
$ 23,432,081.31
$ 23,114,949.96
$ 22,788,576.62
$ 22,452,691.95
$ 22,107,018.77
$ 21,751,271.83
$ 21,385,157.54
$ 21,008,373.78
$ 20,620,609.61
$ 20,221,545.04
$ 19,810,850.74
$ 19,388,187.79
$ 18,953,207.41
$ 18,505,550.62
$ 18,044,848.01
$ 17,570,719.39
$ 17,082,773.49
$ 16,580,607.65
$ 16,063,807.45
$ 15,531,946.43
$ 14,984,585.66
$ 14,421,273.44
$ 13,841,544.92
$ 13,244,921.68
$ 12,630,911.37
$ 11,999,007.28
$ 11,348,687.95
$ 10,679,416.71
$ 9,990,641.25
$ 9,281,793.18
$ 8,552,287.53
$ 7,801,522.28
$ 6,728,877.89
$ 5,834,476.90
$ 4,859,579.82
$ 3,796,942.00
$ 2,638,666.78
$ 1,376,146.79
$ 0.00
$ 197,491.78
Saldo
$ 197,491.78
$ 188,416.53
$ 179,069.03
$ 169,441.10
$ 159,524.33
$ 149,310.06
$ 138,789.36
$ 127,953.04
$ 116,791.63
$ 105,295.38
$ 93,454.24
$ 81,257.87
$ 68,695.61
$ 55,756.48
$ 42,429.17
$ 28,702.05
$ 14,563.11
$ 0.00
Saldo
$ 7,497,746.00
$ 7,297,655.84
$ 7,089,562.08
$ 6,873,144.56
$ 6,648,070.34
$ 6,413,993.15
$ 5,170,552.88
$ 4,877,375.00
$ 4,572,470.00
$ 4,255,368.80
$ 3,925,583.55
$ 3,582,606.89
$ 2,225,911.17
$ 1,814,947.61
$ 1,387,545.52
$ 943,047.34
$ 480,769.23
$ 0.00
saldo=
Saldo
$ 7,829,478.44
$ 7,186,068.00
$ 6,529,789.37
$ 5,860,385.15
$ 5,177,592.86
$ 4,481,144.71
$ 3,770,767.61
$ 3,046,182.96
$ 2,307,106.62
$ 1,553,248.75
$ 784,313.73
$ -
c.) n= 12
A= $ 2,500,000.00
CE= $ 5,000,000.00
i= 2%
$ 28,370,888.40 + $ 1,380,177.22
A=
i=
P=
CE=
Saldo
$ 27,967,916.99
$ 26,027,275.33
$ 24,047,820.83
$ 22,028,777.25
$ 19,969,352.80
$ 17,868,739.85
$ 15,726,114.65
$ 13,540,636.94
$ 11,311,449.68
$ 9,037,678.67
$ 6,718,432.25
$ 4,352,800.89
$ 4,439,856.91
$ 4,528,654.05
$ 4,619,227.13
$ 4,711,611.67
$ 4,805,843.91
$ 4,901,960.78
$ 0.00
MV
3.00% MV
no.
0
1
2
3
1.67% MV 4
5
6
7
8
9
10
11
12
4.25% TV no.
18.11% AV 0
1
2
3
4
5
no.
0
1
2
3
4
5
no.
0
MV 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
4.66% TV
40 trimestres
saldo
0 funcion financiera
$ 100,000.00
$ 204,663.51 F=
$ 314,208.03
$ 428,861.16
$ 548,861.16
$ 674,457.38
$ 805,910.79
$ 943,494.55
$ 1,087,494.55
$ 1,238,210.01
$ 1,395,954.11
$ 1,561,054.62
$ 1,733,854.62
$ 1,914,713.18
$ 2,104,006.09
$ 2,302,126.71
$ 2,509,486.71
$ 2,726,516.97
$ 2,953,668.47
$ 3,191,413.21
$ 3,440,245.21
$ 3,700,681.53
$ 3,973,263.33
$ 4,258,557.01
$ 4,557,155.41
$ 4,869,678.99
$ 5,196,777.15
$ 5,539,129.58
$ 5,897,447.66
$ 6,272,475.95
$ 6,664,993.74
$ 7,075,816.65
$ 7,505,798.35
$ 7,955,832.30
$ 8,426,853.65
$ 8,919,841.15
$ 9,435,819.18
$ 9,975,859.92
$ 10,541,085.54
$ 11,132,670.54
2.50% MV
$ 500,000.00
$ 3,317,664.87 $ 500,000.00 $ 3,817,664.87
saldo
$ 3,317,664.87
$ 3,215,106.49
$ 3,109,984.16
$ 3,002,233.76
$ 2,891,789.60
$ 2,778,584.34
$ 2,662,548.95
$ 2,543,612.68
$ 2,421,702.99
$ 2,296,745.57
$ 2,168,664.21
$ 2,037,380.81
$ 1,902,815.33
$ 1,764,885.72
$ 1,623,507.86
$ 1,478,595.56
$ 1,330,060.44
$ 1,177,811.96
$ 1,021,757.25
$ 861,801.19
$ 697,846.22
$ 529,792.37
$ 357,537.18
$ 180,975.61
$ 0.00
no cuota
TA 0 $ 15,000,000.00
TV 1 $ 4,500,000.00
MV 2 $ 4,500,000.00
3 $ 4,500,000.00
4 $ 4,500,000.00
5 $ 12,444,447.83
6 $ 4,500,000.00
7 $ 4,500,000.00
8 $ 4,500,000.00
9 $ 4,500,000.00
10 $ 12,444,447.83
MV
no cuota
0 0
BV 1 $ 525,344.01
bimestres 2 $ 525,344.01
3 $ 525,344.01
4 $ 525,344.01
5 $ 525,344.01
6 $ 525,344.01
7 $ 525,344.01
8 $ 525,344.01
9 $ 525,344.01
10 $ 525,344.01
11 $ 525,344.01
12 $ 525,344.01
13 $ 525,344.01
14 $ 525,344.01
15 $ 525,344.01
16 $ 525,344.01
17 $ 525,344.01
18 $ 525,344.01
19 $ 525,344.01
20 $ 525,344.01
21 $ 525,344.01
22 $ 525,344.01
23 $ 525,344.01
24 $ 525,344.01
25 $ 525,344.01
26 $ 525,344.01
27 $ 525,344.01
28 $ 525,344.01
29 $ 525,344.01
30 $ 525,344.01
no cuota
SV 0 0
MV 1 $ 1,313,888.52
2 $ 1,313,888.52
3 $ 1,313,888.52
4 $ 1,613,888.52
5 $ 1,313,888.52
6 $ 1,313,888.52
7 $ 1,313,888.52
8 $ 1,313,888.52
no deposito
0 $ 136,819.58
1 $ 136,819.58
bimestres 2 $ 136,819.58
3 $ 136,819.58
4 $ 136,819.58
5 $ 136,819.58
6 $ 136,819.58
7 $ 136,819.58
8 $ 136,819.58
9 $ 136,819.58
10 $ 136,819.58
11 $ 136,819.58
12 $ -
no
0
1
meses 2
MV 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
$ 1,832,972.74
interes amortizacion saldo

0 0 $ 1,832,972.74
$ 54,989.18 -$ 54,989.18 $ 1,887,961.92
$ 56,638.86 -$ 56,638.86 $ 1,944,600.77
$ 58,338.02 -$ 58,338.02 $ 2,002,938.80
$ 60,088.16 -$ 60,088.16 $ 2,063,026.96
$ 61,890.81 $ 88,109.19 $ 1,974,917.77
$ 59,247.53 $ 90,752.47 $ 1,884,165.30
$ 56,524.96 $ 93,475.04 $ 1,790,690.26
$ 53,720.71 $ 96,279.29 $ 1,694,410.97
$ 50,832.33 $ 99,167.67 $ 1,595,243.30
$ 47,857.30 $ 102,142.70 $ 1,493,100.60
$ 44,793.02 $ 105,206.98 $ 1,387,893.62
$ 41,636.81 $ 108,363.19 $ 1,279,530.43
$ 38,385.91 $ 111,614.09 $ 1,167,916.34
$ 35,037.49 $ 114,962.51 $ 1,052,953.83
$ 31,588.61 $ 118,411.39 $ 934,542.44
$ 28,036.27 $ 121,963.73 $ 812,578.72
$ 24,377.36 $ 125,622.64 $ 686,956.08
$ 20,608.68 $ 129,391.32 $ 557,564.76
$ 16,726.94 $ 133,273.06 $ 424,291.70
$ 12,728.75 $ 137,271.25 $ 287,020.45
$ 8,610.61 $ 141,389.39 $ 145,631.07
$ 4,368.93 $ 145,631.07 $ 0.00
$ 719,921.48

0 0 $ 3,800,000.00
$ 76,000.00 -$ 76,000.00 $ 3,876,000.00
$ 77,520.00 -$ 77,520.00 $ 3,953,520.00
$ 79,070.40 -$ 79,070.40 $ 4,032,590.40
$ 80,651.81 $ 639,269.67 $ 3,393,320.73
$ 67,866.41 $ 652,055.06 $ 2,741,265.67
$ 54,825.31 $ 665,096.16 $ 2,076,169.51
$ 41,523.39 $ 678,398.09 $ 1,397,771.42
$ 27,955.43 $ 691,966.05 $ 705,805.37
$ 14,116.11 $ 705,805.37 $ -
amortizacion saldo
0 $ 50,000,000.00
-$ 1,500,000.00 $ 51,500,000.00
-$ 1,545,000.00 $ 53,045,000.00
-$ 1,591,350.00 $ 54,636,350.00
-$ 1,639,090.50 $ 56,275,440.50
-$ 1,688,263.22 $ 57,963,703.72
-$ 988,911.11 $ 58,952,614.83
-$ 1,018,578.44 $ 59,971,193.27
-$ 1,049,135.80 $ 61,020,329.07
-$ 1,080,609.87 $ 62,100,938.94
-$ 1,113,028.17 $ 63,213,967.11
-$ 1,146,419.01 $ 64,360,386.12
-$ 1,180,811.58 $ 65,541,197.71
-$ 1,966,235.93 $ 67,507,433.64
-$ 2,025,223.01 $ 69,532,656.65
-$ 2,085,979.70 $ 71,618,636.35
-$ 2,148,559.09 $ 73,767,195.44
-$ 2,213,015.86 $ 75,980,211.30
$ 75,980,211.30 $ -
funcion financiera
VF= $ 122,504,504.78 +
f= $ 160,691,834.55
ahorro saldo
$ 20,000,000.00 $ 20,000,000.00
$ 200,000.00 $ 20,200,000.00
$ 202,000.00 $ 20,402,000.00
$ 204,020.00 $ 20,606,020.00
$ 206,060.20 $ 20,812,080.20
$ 208,120.80 $ 21,020,201.00
$ 1,710,202.01 $ 22,730,403.01
$ 1,727,304.03 $ 24,457,707.04
$ 1,744,577.07 $ 26,202,284.11
$ 1,762,022.84 $ 27,964,306.95
$ 1,779,643.07 $ 29,743,950.02
$ 1,797,439.50 $ 31,541,389.52
$ 1,815,413.90 $ 33,356,803.42
$ 1,833,568.03 $ 35,190,371.45
$ 1,851,903.71 $ 37,042,275.17
$ 1,870,422.75 $ 38,912,697.92
$ 1,889,126.98 $ 40,801,824.90
$ 1,908,018.25 $ 42,709,843.15
$ 1,927,098.43 $ 44,636,941.58
$ 1,946,369.42 $ 46,583,310.99
$ 1,965,833.11 $ 48,549,144.10
$ 1,985,491.44 $ 50,534,635.55
$ 2,005,346.36 $ 52,539,981.90
$ 2,025,399.82 $ 54,565,381.72
$ 2,045,653.82 $ 56,611,035.54
$ 2,066,110.36 $ 58,677,145.89
$ 2,086,771.46 $ 60,763,917.35
$ 2,107,639.17 $ 62,871,556.52
$ 2,128,715.57 $ 65,000,272.09
$ 2,150,002.72 $ 67,150,274.81
$ 2,171,502.75 $ 69,321,777.56
$ 2,193,217.78 $ 71,514,995.33
$ 2,215,149.95 $ 73,730,145.29
$ 2,237,301.45 $ 75,967,446.74
$ 2,259,674.47 $ 78,227,121.21
$ 2,282,271.21 $ 80,509,392.42
$ 2,305,093.92 $ 82,814,486.34
$ 2,328,144.86 $ 85,142,631.21
$ 2,351,426.31 $ 87,494,057.52
$ 2,374,940.58 $ 89,868,998.10
$ 2,398,689.98 $ 92,267,688.08
$ 2,422,676.88 $ 94,690,364.96
$ 2,446,903.65 $ 97,137,268.61
$ 2,471,372.69 $ 99,608,641.29
$ 2,496,086.41 $ 102,104,727.71
$ 2,521,047.28 $ 104,625,774.98
$ 2,546,257.75 $ 107,172,032.73
$ 2,571,720.33 $ 109,743,753.06
$ 2,597,437.53 $ 112,341,190.59
$ 2,623,411.91 $ 114,964,602.50
$ 2,649,646.02 $ 117,614,248.52
$ 2,676,142.49 $ 120,290,391.01
$ 2,702,903.91 $ 122,993,294.92
$ 2,729,932.95 $ 125,723,227.87
$ 2,757,232.28 $ 128,480,460.14
$ 2,784,804.60 $ 131,265,264.75
$ 2,812,652.65 $ 134,077,917.39
$ 2,840,779.17 $ 136,918,696.57
$ 2,869,186.97 $ 139,787,883.53
$ 2,897,878.84 $ 142,685,762.37
$ 2,926,857.62 $ 145,612,619.99
$ 2,956,126.20 $ 148,568,746.19
$ 2,985,687.46 $ 151,554,433.65
$ 3,015,544.34 $ 154,569,977.99
$ 3,045,699.78 $ 157,615,677.77
$ 3,076,156.78 $ 160,691,834.55
funcion financiera
F= $ 28,649,622.38
F= $ 71,165,861.27
ahorro saldo
$ 10,000,000.00 $ 10,000,000.00
$ 180,000.00 $ 10,180,000.00
$ 183,240.00 $ 10,363,240.00
$ 186,538.32 $ 10,549,778.32
$ 189,896.01 $ 10,739,674.33
$ 193,314.14 $ 10,932,988.47
$ 196,793.79 $ 11,129,782.26
$ 200,336.08 $ 11,330,118.34
$ 203,942.13 $ 11,534,060.47
$ 207,613.09 $ 11,741,673.56
$ 711,350.12 $ 12,453,023.68
$ 724,154.43 $ 13,177,178.11
$ 737,189.21 $ 13,914,367.32
$ 750,458.61 $ 14,664,825.93
$ 763,966.87 $ 15,428,792.79
$ 777,718.27 $ 16,206,511.06
$ 791,717.20 $ 16,998,228.26
$ 805,968.11 $ 17,804,196.37
$ 820,475.53 $ 18,624,671.91
$ 835,244.09 $ 19,459,916.00
$ 850,278.49 $ 20,310,194.49
$ 865,583.50 $ 21,175,777.99
$ 881,164.00 $ 22,056,941.99
$ 897,024.96 $ 22,953,966.95
$ 913,171.41 $ 23,867,138.36
$ 929,608.49 $ 24,796,746.85
$ 946,341.44 $ 25,743,088.29
$ 963,375.59 $ 26,706,463.88
$ 980,716.35 $ 27,687,180.23
$ 998,369.24 $ 28,685,549.47
$ 2,516,339.89 $ 31,201,889.36
$ 1,061,634.01 $ 32,263,523.37
$ 1,080,743.42 $ 33,344,266.79
$ 1,100,196.80 $ 34,444,463.59
$ 1,120,000.34 $ 35,564,463.94
$ 1,140,160.35 $ 36,704,624.29
$ 1,160,683.24 $ 37,865,307.53
$ 1,181,575.54 $ 39,046,883.06
$ 1,202,843.90 $ 40,249,726.96
$ 1,224,495.09 $ 41,474,222.04
$ 1,246,536.00 $ 42,720,758.04
$ 1,268,973.64 $ 43,989,731.68
$ 1,291,815.17 $ 45,281,546.85
$ 1,315,067.84 $ 46,596,614.70
$ 1,338,739.06 $ 47,935,353.76
$ 1,362,836.37 $ 49,298,190.13
$ 1,387,367.42 $ 50,685,557.55
$ 1,412,340.04 $ 52,097,897.59
$ 1,437,762.16 $ 53,535,659.74
$ 1,463,641.88 $ 54,999,301.62
$ 1,489,987.43 $ 56,489,289.05
$ 1,516,807.20 $ 58,006,096.25
$ 1,544,109.73 $ 59,550,205.98
$ 1,571,903.71 $ 61,122,109.69
$ 1,600,197.97 $ 62,722,307.67
$ 1,629,001.54 $ 64,351,309.20
$ 1,658,323.57 $ 66,009,632.77
$ 1,688,173.39 $ 67,697,806.16
$ 1,718,560.51 $ 69,416,366.67
$ 1,749,494.60 $ 71,165,861.27
$ 4,250,042.13
Valor de cuota 24
amortizacion saldo
0 $ 4,250,042.13
$ 22,498.74 $ 4,227,543.40
$ 33,173.70 $ 4,194,369.70
$ 44,168.91 $ 4,150,200.79
$ 55,493.98 $ 4,094,706.82
$ 67,158.80 $ 4,027,548.02
$ 79,173.56 $ 3,948,374.46
$ 91,548.77 $ 3,856,825.69
$ 104,295.23 $ 3,752,530.47
$ 117,424.09 $ 3,635,106.38
$ 130,946.81 $ 3,504,159.57
$ 144,875.21 $ 3,359,284.36
$ 159,221.47 $ 3,200,062.89
$ 173,998.11 $ 3,026,064.78
$ 189,218.06 $ 2,836,846.72
$ 204,894.60 $ 2,631,952.12
$ 221,041.44 $ 2,410,910.68
$ 237,672.68 $ 2,173,238.00
$ 254,802.86 $ 1,918,435.14
$ 272,446.95 $ 1,645,988.20
$ 290,620.35 $ 1,355,367.84
$ 309,338.96 $ 1,046,028.88
$ 328,619.13 $ 717,409.75
$ 348,477.71 $ 368,932.04
$ 368,932.04 $ -
amortizacion saldo
0 $ 50,000,000.00
$ 575,184.25 $ 49,424,815.75
$ 609,563.85 $ 48,815,251.90
$ 644,802.95 $ 48,170,448.95
$ 680,923.02 $ 47,489,525.93
$ 717,946.10 $ 46,771,579.83
$ 755,894.75 $ 46,015,685.07
$ 794,792.12 $ 45,220,892.95
$ 834,661.92 $ 44,386,231.03
$ 875,528.47 $ 43,510,702.56
$ 917,416.68 $ 42,593,285.88
$ 960,352.10 $ 41,632,933.77
$ 1,004,360.90 $ 40,628,572.87
$ 1,049,469.93 $ 39,579,102.95
$ 1,095,706.67 $ 38,483,396.27
$ 1,143,099.34 $ 37,340,296.93
$ 1,191,676.82 $ 36,148,620.11
$ 1,241,468.74 $ 34,907,151.36
$ 1,292,505.46 $ 33,614,645.90
$ 1,344,818.10 $ 32,269,827.80
$ 1,398,438.55 $ 30,871,389.25
$ 1,453,399.52 $ 29,417,989.73
$ 1,509,734.50 $ 27,908,255.23
$ 1,567,477.87 $ 26,340,777.36
$ 1,626,664.81 $ 24,714,112.55
$ 1,687,331.43 $ 23,026,781.11
$ 1,749,514.72 $ 21,277,266.39
$ 1,813,252.59 $ 19,464,013.81
$ 1,878,583.90 $ 17,585,429.90
$ 1,945,548.50 $ 15,639,881.40
$ 2,014,187.21 $ 13,625,694.19
$ 2,084,541.89 $ 11,541,152.30
$ 2,156,655.44 $ 9,384,496.86
$ 2,230,571.83 $ 7,153,925.03
$ 2,306,336.12 $ 4,847,588.91
$ 2,383,994.52 $ 2,463,594.39
$ 2,463,594.39 $ 0.00
trimestres
ahorro saldo
0 0
$ 500,000.00 $ 500,000.00
$ 645,000.00 $ 1,145,000.00
$ 803,050.00 $ 1,948,050.00
$ 975,324.50 $ 2,923,374.50
$ 1,163,103.71 $ 4,086,478.21
$ 1,367,783.04 $ 5,454,261.24
$ 1,590,883.51 $ 7,045,144.76
$ 1,834,063.03 $ 8,879,207.78
$ 2,099,128.70 $ 10,978,336.48
$ 2,388,050.28 $ 13,366,386.77
$ 2,702,974.81 $ 16,069,361.58
$ 3,046,242.54 $ 19,115,604.12
$ 3,420,404.37 $ 22,536,008.49
$ 3,828,240.76 $ 26,364,249.25
$ 4,272,782.43 $ 30,637,031.69
$ 4,757,332.85 $ 35,394,364.54
$ 5,285,492.81 $ 40,679,857.35
$ 5,861,187.16 $ 46,541,044.51
$ 6,488,694.01 $ 53,029,738.51
$ 7,172,676.47 $ 60,202,414.98
$ 7,918,217.35 $ 68,120,632.33
$ 8,730,856.91 $ 76,851,489.24
$ 9,616,634.03 $ 86,468,123.27
$ 10,582,131.09 $ 97,050,254.36
$ 11,634,522.89 $ 108,684,777.25
$ 12,781,629.95 $ 121,466,407.21
$ 14,031,976.65 $ 135,498,383.86
$ 15,394,854.55 $ 150,893,238.40
$ 16,880,391.46 $ 167,773,629.86
$ 18,499,626.69 $ 186,273,256.55
$ 20,264,593.09 $ 206,537,849.64
$ 22,188,406.47 $ 228,726,256.10
$ 24,285,363.05 $ 253,011,619.15
$ 26,571,045.72 $ 279,582,664.88
$ 29,062,439.84 $ 308,645,104.71
$ 31,778,059.42 $ 340,423,164.14
VALOR CUOTA 180 CON FORMULA = $ 1,225,896.71
amortizacion saldo
0 $ 89,274,924.47
$ 337,648.98 $ 88,937,275.50
$ 337,778.45 $ 88,599,497.05
$ 337,911.80 $ 88,261,585.26
$ 338,049.15 $ 87,923,536.10
$ 338,190.63 $ 87,585,345.48
$ 338,336.35 $ 87,247,009.13
$ 338,486.44 $ 86,908,522.69
$ 338,641.03 $ 86,569,881.66
$ 338,800.26 $ 86,231,081.40
$ 338,964.27 $ 85,892,117.14
$ 339,133.20 $ 85,552,983.94
$ 339,307.19 $ 85,213,676.75
$ 339,486.41 $ 84,874,190.34
$ 339,671.00 $ 84,534,519.34
$ 339,861.13 $ 84,194,658.21
$ 340,056.96 $ 83,854,601.25
$ 340,258.67 $ 83,514,342.58
$ 340,466.43 $ 83,173,876.14
$ 340,680.43 $ 82,833,195.72
$ 340,900.84 $ 82,492,294.88
$ 341,127.86 $ 82,151,167.02
$ 341,361.70 $ 81,809,805.32
$ 341,602.55 $ 81,468,202.77
$ 341,850.63 $ 81,126,352.14
$ 342,106.15 $ 80,784,245.99
$ 342,369.33 $ 80,441,876.66
$ 342,640.41 $ 80,099,236.25
$ 342,919.62 $ 79,756,316.63
$ 343,207.21 $ 79,413,109.42
$ 343,503.43 $ 79,069,605.99
$ 343,808.53 $ 78,725,797.46
$ 344,122.79 $ 78,381,674.68
$ 344,446.47 $ 78,037,228.21
$ 344,779.86 $ 77,692,448.34
$ 345,123.26 $ 77,347,325.08
$ 345,476.96 $ 77,001,848.12
$ 345,841.27 $ 76,656,006.86
$ 346,216.50 $ 76,309,790.35
$ 346,603.00 $ 75,963,187.35
$ 347,001.09 $ 75,616,186.26
$ 347,411.12 $ 75,268,775.14
$ 347,833.46 $ 74,920,941.69
$ 348,268.46 $ 74,572,673.23
$ 348,716.51 $ 74,223,956.71
$ 349,178.01 $ 73,874,778.71
$ 349,653.35 $ 73,525,125.36
$ 350,142.95 $ 73,174,982.41
$ 350,647.24 $ 72,824,335.17
$ 351,166.65 $ 72,473,168.52
$ 351,701.65 $ 72,121,466.86
$ 352,252.70 $ 71,769,214.16
$ 352,820.29 $ 71,416,393.87
$ 353,404.89 $ 71,062,988.98
$ 354,007.04 $ 70,708,981.94
$ 354,627.25 $ 70,354,354.68
$ 355,266.07 $ 69,999,088.62
$ 355,924.05 $ 69,643,164.56
$ 356,601.77 $ 69,286,562.79
$ 357,299.83 $ 68,929,262.96
$ 358,018.82 $ 68,571,244.14
$ 358,759.39 $ 68,212,484.76
$ 359,522.17 $ 67,852,962.59
$ 360,307.83 $ 67,492,654.76
$ 361,117.07 $ 67,131,537.69
$ 361,950.58 $ 66,769,587.11
$ 362,809.10 $ 66,406,778.01
$ 363,693.37 $ 66,043,084.65
$ 364,604.17 $ 65,678,480.47
$ 365,542.30 $ 65,312,938.18
$ 366,508.56 $ 64,946,429.61
$ 367,503.82 $ 64,578,925.79
$ 368,528.94 $ 64,210,396.86
$ 369,584.80 $ 63,840,812.05
$ 370,672.35 $ 63,470,139.70
$ 371,792.52 $ 63,098,347.18
$ 372,946.29 $ 62,725,400.89
$ 374,134.68 $ 62,351,266.21
$ 375,358.72 $ 61,975,907.48
$ 376,619.49 $ 61,599,288.00
$ 377,918.07 $ 61,221,369.93
$ 379,255.61 $ 60,842,114.32
$ 380,633.28 $ 60,461,481.03
$ 382,052.28 $ 60,079,428.76
$ 383,513.85 $ 59,695,914.91
$ 385,019.26 $ 59,310,895.65
$ 386,569.84 $ 58,924,325.81
$ 388,166.94 $ 58,536,158.87
$ 389,811.94 $ 58,146,346.93
$ 391,506.30 $ 57,754,840.62
$ 393,251.49 $ 57,361,589.13
$ 395,049.04 $ 56,966,540.10
$ 396,900.51 $ 56,569,639.59
$ 398,807.52 $ 56,170,832.07
$ 400,771.75 $ 55,770,060.32
$ 402,794.90 $ 55,367,265.42
$ 404,878.75 $ 54,962,386.67
$ 407,025.11 $ 54,555,361.56
$ 409,235.86 $ 54,146,125.70
$ 411,512.94 $ 53,734,612.76
$ 413,858.33 $ 53,320,754.43
$ 416,274.08 $ 52,904,480.35
$ 418,762.30 $ 52,485,718.05
$ 421,325.17 $ 52,064,392.89
$ 423,964.92 $ 51,640,427.96
$ 426,683.87 $ 51,213,744.09
$ 429,484.39 $ 50,784,259.70
$ 432,368.92 $ 50,351,890.79
$ 435,339.99 $ 49,916,550.80
$ 438,400.19 $ 49,478,150.61
$ 441,552.19 $ 49,036,598.42
$ 444,798.76 $ 48,591,799.66
$ 448,142.72 $ 48,143,656.94
$ 451,587.00 $ 47,692,069.94
$ 455,134.61 $ 47,236,935.33
$ 458,788.65 $ 46,778,146.68
$ 462,552.31 $ 46,315,594.37
$ 466,428.88 $ 45,849,165.49
$ 470,421.75 $ 45,378,743.75
$ 474,534.40 $ 44,904,209.35
$ 478,770.43 $ 44,425,438.92
$ 483,133.54 $ 43,942,305.38
$ 487,627.55 $ 43,454,677.83
$ 492,256.38 $ 42,962,421.45
$ 497,024.07 $ 42,465,397.39
$ 501,934.79 $ 41,963,462.60
$ 506,992.83 $ 41,456,469.77
$ 512,202.62 $ 40,944,267.15
$ 517,568.70 $ 40,426,698.45
$ 523,095.76 $ 39,903,602.70
$ 528,788.63 $ 39,374,814.07
$ 534,652.29 $ 38,840,161.78
$ 540,691.86 $ 38,299,469.93
$ 546,912.61 $ 37,752,557.31
$ 553,319.99 $ 37,199,237.32
$ 559,919.59 $ 36,639,317.73
$ 566,717.18 $ 36,072,600.55
$ 573,718.69 $ 35,498,881.86
$ 580,930.25 $ 34,917,951.61
$ 588,358.16 $ 34,329,593.44
$ 596,008.91 $ 33,733,584.54
$ 603,889.17 $ 33,129,695.36
$ 612,005.85 $ 32,517,689.51
$ 620,366.02 $ 31,897,323.49
$ 628,977.01 $ 31,268,346.48
$ 637,846.32 $ 30,630,500.17
$ 646,981.70 $ 29,983,518.46
$ 656,391.16 $ 29,327,127.31
$ 666,082.89 $ 28,661,044.42
$ 676,065.38 $ 27,984,979.04
$ 686,347.34 $ 27,298,631.70
$ 696,937.76 $ 26,601,693.94
$ 707,845.89 $ 25,893,848.05
$ 719,081.27 $ 25,174,766.78
$ 730,653.71 $ 24,444,113.08
$ 742,573.32 $ 23,701,539.76
$ 754,850.52 $ 22,946,689.24
$ 767,496.03 $ 22,179,193.21
$ 780,520.91 $ 21,398,672.29
$ 793,936.54 $ 20,604,735.75
$ 807,754.64 $ 19,796,981.12
$ 821,987.28 $ 18,974,993.84
$ 836,646.89 $ 18,138,346.94
$ 851,746.30 $ 17,286,600.64
$ 867,298.69 $ 16,419,301.95
$ 883,317.65 $ 15,535,984.30
$ 899,817.18 $ 14,636,167.12
$ 916,811.70 $ 13,719,355.42
$ 934,316.05 $ 12,785,039.38
$ 952,345.53 $ 11,832,693.85
$ 970,915.89 $ 10,861,777.95
$ 990,043.37 $ 9,871,734.58
$ 1,009,744.67 $ 8,861,989.91
$ 1,030,037.01 $ 7,831,952.90
$ 1,050,938.12 $ 6,781,014.77
$ 1,072,466.27 $ 5,708,548.51
$ 1,094,640.25 $ 4,613,908.25
$ 1,117,479.46 $ 3,496,428.79
$ 1,141,003.85 $ 2,355,424.94
$ 1,165,233.96 $ 1,190,190.98
$ 1,190,190.98 -$ 0.00
saldo
$ 38,727,111.74
$ 38,776,196.21
$ 38,752,244.06
$ 38,648,583.82
$ 38,458,089.68
$ 38,173,153.89
$ 37,785,657.70
$ 37,286,940.55
$ 36,667,767.53
$ 35,918,295.07
$ 35,028,034.55
$ 33,985,813.99
$ 32,779,737.51
$ 31,397,142.52
$ 29,824,554.51
$ 28,047,639.29
$ 26,051,152.60
$ 23,818,886.82
$ 21,333,614.81
$ 18,577,030.56
$ 15,529,686.48
$ 12,170,927.39
$ 8,478,820.60
$ 4,430,082.34
$ -
saldo
$ -
$ 2,000,000.00
$ 4,100,000.00
$ 6,303,800.00
$ 8,615,330.00
$ 11,038,654.22
$ 13,577,975.45
$ 16,237,639.56
$ 19,022,140.08
$ 21,936,123.04
$ 24,984,391.87
$ 28,171,912.47
$ 31,503,818.46
Valor cuota 6= $ 451,960.40
TV
saldo
$ 3,441,890.96
$ 3,217,242.24
$ 2,984,621.62
$ 2,743,191.35
$ 2,492,050.66
$ 2,230,230.63
$ 1,956,688.68
$ 1,670,302.58
$ 1,369,864.02
$ 1,054,071.63
$ 721,523.48
$ 370,708.96
$ -

$ 9,943,415.60 $ 10,438,026.43 $ 10,919,747.85
nativas me da un costo anual mas pequeño)

-$ 750,000.00 -$ 750,000.00 $ 9,250,000.00
$ 5,568,863.68
$ 8,629,478.44
MA
mensuales
mes 18
MV
$ 2,500,000.00
2% MV
$ 30,467,916.99
$ 5,000,000.00
saldo=
Cuota Interes Amortizacion

0 0 0
$ 1,000,000.00 179918.557402183 $ 820,081.44
$ 1,000,000.00 166250.533358886 $ 833,749.47
$ 1,000,000.00 152354.708914868 $ 847,645.29
$ 1,000,000.00 138227.287396782 $ 861,772.71
$ 1,000,000.00 123864.408853395 $ 876,135.59
$ 1,000,000.00 109262.149000952 $ 890,737.85
$ 1,000,000.00 94416.5181509675 $ 905,583.48
$ 1,000,000.00 79323.4601201503 $ 920,676.54
$ 1,000,000.00 63978.8511221528 $ 936,021.15
$ 1,000,000.00 48378.4986408554 $ 951,621.50
$ 1,000,000.00 32518.1402848696 $ 967,481.86
$ 1,000,000.00 16393.4426229508 $ 983,606.56

0 0 0
$ 3,206,096.35 $ 1,811,478.25 $ 1,394,618.10
$ 3,206,096.35 $ 1,558,846.22 $ 1,647,250.13
$ 3,206,096.35 $ 1,260,450.44 $ 1,945,645.91
$ 3,206,096.35 $ 908,000.91 $ 2,298,095.44
$ 3,206,096.35 $ 491,705.92 $ 2,714,390.43

0 0 0
$ 2,816,967.17 $ 1,811,478.25 $ 1,005,488.91
$ 2,816,967.17 $ 1,629,336.12 $ 1,187,631.04
$ 4,816,967.17 $ 1,414,199.34 $ 3,402,767.83
$ 2,816,967.17 $ 797,795.35 $ 2,019,171.82
$ 2,816,967.17 $ 432,026.77 $ 2,384,940.40

0 0 0
2795641.01800513 $ 1,250,000.00 $ 1,545,641.02
2795641.01800513 $ 1,211,358.97 $ 1,584,282.04
2795641.01800513 $ 1,171,751.92 $ 1,623,889.09
2795641.01800513 $ 1,131,154.70 $ 1,664,486.32
2795641.01800513 $ 1,089,542.54 $ 1,706,098.48
2795641.01800513 $ 1,046,890.08 $ 1,748,750.94
2795641.01800513 $ 1,003,171.30 $ 1,792,469.72
2795641.01800513 $ 958,359.56 $ 1,837,281.46
2795641.01800513 $ 912,427.52 $ 1,883,213.49
2795641.01800513 $ 865,347.19 $ 1,930,293.83
2795641.01800513 $ 817,089.84 $ 1,978,551.18
2795641.01800513 $ 767,626.06 $ 2,028,014.96
2795641.01800513 $ 716,925.69 $ 2,078,715.33
2795641.01800513 $ 664,957.80 $ 2,130,683.21
2795641.01800513 $ 611,690.72 $ 2,183,950.30
2795641.01800513 $ 557,091.97 $ 2,238,549.05
2795641.01800513 $ 501,128.24 $ 2,294,512.78
2795641.01800513 $ 443,765.42 $ 2,351,875.60
2795641.01800513 $ 384,968.53 $ 2,410,672.49
2795641.01800513 $ 324,701.72 $ 2,470,939.30
2795641.01800513 $ 262,928.24 $ 2,532,712.78
2795641.01800513 $ 199,610.42 $ 2,596,030.60
2795641.01800513 $ 134,709.65 $ 2,660,931.37
2795641.01800513 $ 68,186.37 $ 2,727,454.65
$ 11,132,670.54
10795113.444131
Saldo
$ 10,795,113.44
$ 9,975,032.00
$ 9,141,282.53
$ 8,293,637.24
$ 7,431,864.53
$ 6,555,728.94
$ 5,664,991.09
$ 4,759,407.61
$ 3,838,731.07
$ 2,902,709.92
$ 1,951,088.42
$ 983,606.56
$ -
Saldo
$ 10,000,000.00
$ 8,605,381.90
$ 6,958,131.77
$ 5,012,485.86
$ 2,714,390.43
-$ 0.00
Saldo
$ 10,000,000.00
$ 8,994,511.09
$ 7,806,880.04
$ 4,404,112.22
$ 2,384,940.40
$ -
Saldo
$ 50,000,000.00
$ 48,454,358.98
$ 46,870,076.94
$ 45,246,187.84
$ 43,581,701.52
$ 41,875,603.04
$ 40,126,852.10
$ 38,334,382.38
$ 36,497,100.93
$ 34,613,887.43
$ 32,683,593.60
$ 30,705,042.42
$ 28,677,027.46
$ 26,598,312.13
$ 24,467,628.92
$ 22,283,678.62
$ 20,045,129.57
$ 17,750,616.79
$ 15,398,741.19
$ 12,988,068.70
$ 10,517,129.40
$ 7,984,416.62
$ 5,388,386.02
$ 2,727,454.65
-$ 0.00

0 $ 15,000,000.00 $ 55,000,000.00
$ 948,462.25 $ 3,551,537.75 $ 51,448,462.25
$ 887,216.81 $ 3,612,783.19 $ 47,835,679.06
$ 824,915.20 $ 3,675,084.80 $ 44,160,594.25
$ 761,539.21 $ 3,738,460.79 $ 40,422,133.46
$ 697,070.32 $ 11,747,377.51 $ 28,674,755.96
$ 494,489.52 $ 4,005,510.48 $ 24,669,245.48
$ 425,415.42 $ 4,074,584.58 $ 20,594,660.90
$ 355,150.15 $ 4,144,849.85 $ 16,449,811.05
$ 283,673.18 $ 4,216,326.82 $ 12,233,484.23
$ 210,963.60 $ 12,233,484.23 $ -

0 0 $ 10,000,000.00
$ 322,801.15 $ 202,542.86 $ 9,797,457.14
$ 316,263.05 $ 209,080.97 $ 9,588,376.17
$ 309,513.89 $ 215,830.12 $ 9,372,546.05
$ 302,546.87 $ 222,797.15 $ 9,149,748.91
$ 295,354.95 $ 229,989.06 $ 8,919,759.84
$ 287,930.88 $ 237,413.14 $ 8,682,346.71
$ 280,267.15 $ 245,076.86 $ 8,437,269.85
$ 272,356.04 $ 252,987.97 $ 8,184,281.88
$ 264,189.56 $ 261,154.45 $ 7,923,127.43
$ 255,759.47 $ 269,584.55 $ 7,653,542.88
$ 247,057.25 $ 278,286.77 $ 7,375,256.12
$ 238,074.12 $ 287,269.89 $ 7,087,986.22
$ 228,801.01 $ 296,543.00 $ 6,791,443.22
$ 219,228.57 $ 306,115.44 $ 6,485,327.78
$ 209,347.13 $ 315,996.88 $ 6,169,330.90
$ 199,146.71 $ 326,197.30 $ 5,843,133.60
$ 188,617.03 $ 336,726.99 $ 5,506,406.61
$ 177,747.44 $ 347,596.57 $ 5,158,810.04
$ 166,526.98 $ 358,817.03 $ 4,799,993.01
$ 154,944.33 $ 370,399.69 $ 4,429,593.32
$ 142,987.78 $ 382,356.23 $ 4,047,237.09
$ 130,645.28 $ 394,698.73 $ 3,652,538.36
$ 117,904.36 $ 407,439.65 $ 3,245,098.71
$ 104,752.16 $ 420,591.85 $ 2,824,506.85
$ 91,175.41 $ 434,168.61 $ 2,390,338.25
$ 77,160.39 $ 448,183.62 $ 1,942,154.63
$ 62,692.98 $ 462,651.04 $ 1,479,503.59
$ 47,758.55 $ 477,585.47 $ 1,001,918.12
$ 32,342.03 $ 493,001.98 $ 508,916.14
$ 16,427.87 $ 508,916.14 $ 0.00

0 0 $ 10,000,000.00
$ 177,151.71 $ 1,136,736.81 $ 8,863,263.19
$ 157,014.22 $ 1,156,874.30 $ 7,706,388.89
$ 136,519.99 $ 1,177,368.52 $ 6,529,020.37
$ 115,662.71 $ 1,498,225.81 $ 5,030,794.56
$ 89,121.38 $ 1,224,767.13 $ 3,806,027.43
$ 67,424.43 $ 1,246,464.09 $ 2,559,563.33
$ 45,343.10 $ 1,268,545.42 $ 1,291,017.92
$ 22,870.60 $ 1,291,017.92 $ -
interes ahorro saldo

0 $ 136,819.58 $ 136,819.58
$ 4,104.59 $ 140,924.17 $ 277,743.75
$ 8,332.31 $ 145,151.90 $ 422,895.65
$ 12,686.87 $ 149,506.45 $ 572,402.10
$ 17,172.06 $ 153,991.65 $ 726,393.75
$ 21,791.81 $ 158,611.40 $ 885,005.15
$ 26,550.15 $ 163,369.74 $ 1,048,374.88
$ 31,451.25 $ 168,270.83 $ 1,216,645.71
$ 36,499.37 $ 173,318.95 $ 1,389,964.67
$ 41,698.94 $ 178,518.52 $ 1,568,483.19
$ 47,054.50 $ 183,874.08 $ 1,752,357.27
$ 52,570.72 $ 189,390.30 $ 1,941,747.57
$ 58,252.43 $ 58,252.43 $ 2,000,000.00
cuota interes amortizacion saldo

$ 60,000,000.00 0 $ 60,000,000.00 $ 140,000,000.00
$ 2,253,048.45 $ 1,742,319.31 $ 510,729.14 $ 139,489,270.86
$ 2,253,048.45 $ 1,735,963.21 $ 517,085.24 $ 138,972,185.62
$ 2,253,048.45 $ 1,729,528.02 $ 523,520.43 $ 138,448,665.19
$ 2,253,048.45 $ 1,723,012.73 $ 530,035.72 $ 137,918,629.47
$ 2,253,048.45 $ 1,716,416.37 $ 536,632.08 $ 137,381,997.39
$ 2,253,048.45 $ 1,709,737.91 $ 543,310.55 $ 136,838,686.84
$ 2,253,048.45 $ 1,702,976.33 $ 550,072.12 $ 136,288,614.72
$ 2,253,048.45 $ 1,696,130.61 $ 556,917.84 $ 135,731,696.88
$ 2,253,048.45 $ 1,689,199.69 $ 563,848.76 $ 135,167,848.12
$ 2,253,048.45 $ 1,682,182.51 $ 570,865.94 $ 134,596,982.18
$ 2,253,048.45 $ 1,675,078.01 $ 577,970.44 $ 134,019,011.74
$ 2,253,048.45 $ 1,667,885.08 $ 585,163.37 $ 133,433,848.37
$ 2,253,048.45 $ 1,660,602.65 $ 592,445.80 $ 132,841,402.57
$ 2,253,048.45 $ 1,653,229.58 $ 599,818.87 $ 132,241,583.69
$ 2,253,048.45 $ 1,645,764.75 $ 607,283.70 $ 131,634,299.99
$ 2,253,048.45 $ 1,638,207.02 $ 614,841.43 $ 131,019,458.56
$ 2,253,048.45 $ 1,630,555.23 $ 622,493.22 $ 130,396,965.34
$ 2,253,048.45 $ 1,622,808.22 $ 630,240.23 $ 129,766,725.11
$ 2,253,048.45 $ 1,614,964.79 $ 638,083.66 $ 129,128,641.45
$ 2,253,048.45 $ 1,607,023.75 $ 646,024.70 $ 128,482,616.75
$ 2,253,048.45 $ 1,598,983.89 $ 654,064.56 $ 127,828,552.19
$ 2,253,048.45 $ 1,590,843.96 $ 662,204.49 $ 127,166,347.70
$ 2,253,048.45 $ 1,582,602.74 $ 670,445.71 $ 126,495,901.98
$ 2,253,048.45 $ 1,574,258.95 $ 678,789.50 $ 125,817,112.48
$ 2,253,048.45 $ 1,565,811.32 $ 687,237.13 $ 125,129,875.35
$ 2,253,048.45 $ 1,557,258.56 $ 695,789.89 $ 124,434,085.45
$ 2,253,048.45 $ 1,548,599.36 $ 704,449.09 $ 123,729,636.36
$ 2,253,048.45 $ 1,539,832.39 $ 713,216.06 $ 123,016,420.30
$ 2,253,048.45 $ 1,530,956.32 $ 722,092.13 $ 122,294,328.17
$ 2,253,048.45 $ 1,521,969.78 $ 731,078.67 $ 121,563,249.50
$ 2,253,048.45 $ 1,512,871.41 $ 740,177.04 $ 120,823,072.45
$ 2,253,048.45 $ 1,503,659.80 $ 749,388.65 $ 120,073,683.80
$ 2,253,048.45 $ 1,494,333.56 $ 758,714.89 $ 119,314,968.91
$ 2,253,048.45 $ 1,484,891.24 $ 768,157.21 $ 118,546,811.70
$ 2,253,048.45 $ 1,475,331.42 $ 777,717.03 $ 117,769,094.67
$ 2,253,048.45 $ 1,465,652.63 $ 787,395.82 $ 116,981,698.85
$ 2,253,048.45 $ 1,455,853.38 $ 797,195.07 $ 116,184,503.77
$ 2,253,048.45 $ 1,445,932.17 $ 807,116.28 $ 115,377,387.50
$ 2,253,048.45 $ 1,435,887.50 $ 817,160.95 $ 114,560,226.55
$ 2,253,048.45 $ 1,425,717.82 $ 827,330.63 $ 113,732,895.92
$ 2,253,048.45 $ 1,415,421.58 $ 837,626.87 $ 112,895,269.04
$ 2,253,048.45 $ 1,404,997.19 $ 848,051.26 $ 112,047,217.79
$ 2,253,048.45 $ 1,394,443.08 $ 858,605.37 $ 111,188,612.41
$ 2,253,048.45 $ 1,383,757.62 $ 869,290.83 $ 110,319,321.58
$ 2,253,048.45 $ 1,372,939.17 $ 880,109.28 $ 109,439,212.30
$ 2,253,048.45 $ 1,361,986.09 $ 891,062.36 $ 108,548,149.94
$ 2,253,048.45 $ 1,350,896.70 $ 902,151.75 $ 107,645,998.19
$ 2,253,048.45 $ 1,339,669.29 $ 913,379.16 $ 106,732,619.03
$ 2,253,048.45 $ 1,328,302.16 $ 924,746.29 $ 105,807,872.75
$ 2,253,048.45 $ 1,316,793.57 $ 936,254.88 $ 104,871,617.87
$ 2,253,048.45 $ 1,305,141.75 $ 947,906.70 $ 103,923,711.17
$ 2,253,048.45 $ 1,293,344.92 $ 959,703.53 $ 102,964,007.63
$ 2,253,048.45 $ 1,281,401.28 $ 971,647.17 $ 101,992,360.46
$ 2,253,048.45 $ 1,269,308.99 $ 983,739.46 $ 101,008,621.00
$ 2,253,048.45 $ 1,257,066.22 $ 995,982.23 $ 100,012,638.77
$ 2,253,048.45 $ 1,244,671.08 $ 1,008,377.37 $ 99,004,261.40
$ 2,253,048.45 $ 1,232,121.69 $ 1,020,926.76 $ 97,983,334.64
$ 2,253,048.45 $ 1,219,416.11 $ 1,033,632.34 $ 96,949,702.31
$ 2,253,048.45 $ 1,206,552.42 $ 1,046,496.03 $ 95,903,206.27
$ 2,253,048.45 $ 1,193,528.63 $ 1,059,519.82 $ 94,843,686.45
$ 2,253,048.45 $ 1,180,342.76 $ 1,072,705.69 $ 93,770,980.76
$ 2,253,048.45 $ 1,166,992.79 $ 1,086,055.66 $ 92,684,925.10
$ 2,253,048.45 $ 1,153,476.68 $ 1,099,571.77 $ 91,585,353.32
$ 2,253,048.45 $ 1,139,792.35 $ 1,113,256.10 $ 90,472,097.23
$ 2,253,048.45 $ 1,125,937.73 $ 1,127,110.72 $ 89,344,986.50
$ 38,187,329.76
+ $ 2,516,383.46 + $ 39,999,855.44
Cn= $ 380,000.00
66 $ 2,253,048.45 $ 1,111,910.68 $ 1,141,137.77 $ 88,203,848.73
67 $ 2,253,048.45 $ 1,097,709.06 $ 1,155,339.39 $ 87,048,509.35
68 $ 2,253,048.45 $ 1,083,330.70 $ 1,169,717.75 $ 85,878,791.60
69 $ 2,253,048.45 $ 1,068,773.41 $ 1,184,275.04 $ 84,694,516.56
70 $ 2,253,048.45 $ 1,054,034.94 $ 1,199,013.51 $ 83,495,503.05
71 $ 2,253,048.45 $ 1,039,113.05 $ 1,213,935.40 $ 82,281,567.65
72 $ 2,253,048.45 $ 1,024,005.46 $ 1,229,042.99 $ 81,052,524.65
73 $ 2,253,048.45 $ 1,008,709.85 $ 1,244,338.60 $ 79,808,186.05
74 $ 2,253,048.45 $ 993,223.88 $ 1,259,824.57 $ 78,548,361.48
75 $ 2,253,048.45 $ 977,545.19 $ 1,275,503.26 $ 77,272,858.23
76 $ 2,253,048.45 $ 961,671.38 $ 1,291,377.07 $ 75,981,481.15
77 $ 2,253,048.45 $ 945,600.01 $ 1,307,448.44 $ 74,674,032.72
78 $ 2,253,048.45 $ 929,328.64 $ 1,323,719.81 $ 73,350,312.90
79 $ 2,253,048.45 $ 912,854.76 $ 1,340,193.69 $ 72,010,119.21
80 $ 2,253,048.45 $ 896,175.87 $ 1,356,872.58 $ 70,653,246.63
81 $ 2,253,048.45 $ 879,289.40 $ 1,373,759.05 $ 69,279,487.58
82 $ 2,253,048.45 $ 862,192.78 $ 1,390,855.67 $ 67,888,631.90
83 $ 2,253,048.45 $ 844,883.39 $ 1,408,165.06 $ 66,480,466.84
84 $ 2,253,048.45 $ 827,358.58 $ 1,425,689.87 $ 65,054,776.97
85 $ 2,253,048.45 $ 809,615.67 $ 1,443,432.78 $ 63,611,344.19
86 $ 2,253,048.45 $ 791,651.95 $ 1,461,396.50 $ 62,149,947.69
87 $ 2,253,048.45 $ 773,464.67 $ 1,479,583.78 $ 60,670,363.91
88 $ 2,253,048.45 $ 755,051.05 $ 1,497,997.40 $ 59,172,366.51
89 $ 2,253,048.45 $ 736,408.26 $ 1,516,640.19 $ 57,655,726.32
90 $ 2,253,048.45 $ 717,533.47 $ 1,535,514.98 $ 56,120,211.34
91 $ 2,253,048.45 $ 698,423.77 $ 1,554,624.68 $ 54,565,586.66
92 $ 2,253,048.45 $ 679,076.25 $ 1,573,972.20 $ 52,991,614.46
93 $ 2,253,048.45 $ 659,487.95 $ 1,593,560.50 $ 51,398,053.96
94 $ 2,253,048.45 $ 639,655.87 $ 1,613,392.58 $ 49,784,661.38
95 $ 2,253,048.45 $ 619,576.98 $ 1,633,471.47 $ 48,151,189.91
96 $ 2,253,048.45 $ 599,248.20 $ 1,653,800.25 $ 46,497,389.65
97 $ 2,253,048.45 $ 578,666.43 $ 1,674,382.02 $ 44,823,007.63
98 $ 2,253,048.45 $ 557,828.51 $ 1,695,219.94 $ 43,127,787.69
99 $ 2,253,048.45 $ 536,731.27 $ 1,716,317.18 $ 41,411,470.51
100 $ 2,253,048.45 $ 515,371.46 $ 1,737,676.99 $ 39,673,793.52
101 $ 2,253,048.45 $ 493,745.83 $ 1,759,302.62 $ 37,914,490.90
102 $ 2,253,048.45 $ 471,851.07 $ 1,781,197.38 $ 36,133,293.52
103 $ 2,253,048.45 $ 449,683.82 $ 1,803,364.63 $ 34,329,928.89
104 $ 2,253,048.45 $ 427,240.70 $ 1,825,807.75 $ 32,504,121.14
105 $ 2,253,048.45 $ 404,518.27 $ 1,848,530.18 $ 30,655,590.96
106 $ 2,253,048.45 $ 381,513.06 $ 1,871,535.39 $ 28,784,055.57
107 $ 2,253,048.45 $ 358,221.54 $ 1,894,826.91 $ 26,889,228.66
108 $ 2,253,048.45 $ 334,640.16 $ 1,918,408.29 $ 24,970,820.37
109 $ 2,253,048.45 $ 310,765.30 $ 1,942,283.15 $ 23,028,537.22
110 $ 2,253,048.45 $ 286,593.32 $ 1,966,455.13 $ 21,062,082.10
111 $ 2,253,048.45 $ 262,120.52 $ 1,990,927.93 $ 19,071,154.16
112 $ 2,253,048.45 $ 237,343.14 $ 2,015,705.31 $ 17,055,448.86
113 $ 2,253,048.45 $ 212,257.41 $ 2,040,791.04 $ 15,014,657.82
114 $ 2,253,048.45 $ 186,859.49 $ 2,066,188.96 $ 12,948,468.86
115 $ 2,253,048.45 $ 161,145.48 $ 2,091,902.97 $ 10,856,565.89
116 $ 2,253,048.45 $ 135,111.46 $ 2,117,936.99 $ 8,738,628.90
117 $ 2,253,048.45 $ 108,753.44 $ 2,144,295.01 $ 6,594,333.89
118 $ 2,253,048.45 $ 82,067.39 $ 2,170,981.06 $ 4,423,352.83
119 $ 2,253,048.45 $ 55,049.24 $ 2,197,999.21 $ 2,225,353.62
120 $ 2,253,048.45 $ 27,694.83 $ 2,225,353.62 $ (0.00)
TALLER #3
CI= $ 3,000,000.00 P=
n= 12
A= $ 1,200,000.00 $ 12,136,035.49
i= 37% AV 2.66% MV
P= $ 9,136,035.49
no cuota interes amortizacion saldo

0 $ 3,000,000.00 0 $ 3,000,000.00 $ 9,136,035.49
1 0 $ 242,848.38 -$ 242,848.38 $ 9,378,883.88
2 0 $ 249,303.63 -$ 249,303.63 $ 9,628,187.51
3 0 $ 255,930.46 -$ 255,930.46 $ 9,884,117.97
4 0 $ 262,733.44 -$ 262,733.44 $ 10,146,851.41
5 0 $ 269,717.26 -$ 269,717.26 $ 10,416,568.67
6 0 $ 276,886.72 -$ 276,886.72 $ 10,693,455.38
7 0 $ 284,246.74 -$ 284,246.74 $ 10,977,702.13
8 0 $ 291,802.41 -$ 291,802.41 $ 11,269,504.54
9 0 $ 299,558.92 -$ 299,558.92 $ 11,569,063.47
10 0 $ 307,521.61 -$ 307,521.61 $ 11,876,585.08
11 0 $ 315,695.96 -$ 315,695.96 $ 12,192,281.04
12 $ 1,200,000.00 $ 324,087.59 $ 875,912.41 $ 11,316,368.63
13 $ 1,200,000.00 $ 300,804.64 $ 899,195.36 $ 10,417,173.26
14 $ 1,200,000.00 $ 276,902.79 $ 923,097.21 $ 9,494,076.05
15 $ 1,200,000.00 $ 252,365.59 $ 947,634.41 $ 8,546,441.64
16 $ 1,200,000.00 $ 227,176.17 $ 972,823.83 $ 7,573,617.81
17 $ 1,200,000.00 $ 201,317.17 $ 998,682.83 $ 6,574,934.98
18 $ 1,200,000.00 $ 174,770.81 $ 1,025,229.19 $ 5,549,705.79
19 $ 1,200,000.00 $ 147,518.81 $ 1,052,481.19 $ 4,497,224.60
20 $ 1,200,000.00 $ 119,542.41 $ 1,080,457.59 $ 3,416,767.02
21 $ 1,200,000.00 $ 90,822.36 $ 1,109,177.64 $ 2,307,589.38
22 $ 1,200,000.00 $ 61,338.90 $ 1,138,661.10 $ 1,168,928.28
23 $ 1,200,000.00 $ 31,071.72 $ 1,168,928.28 -$ 0.00
A= $ 100,000.00 n= 2 24
i= 30% NMV 2.50% MV
A1= -$ 100,000.00 n= 2 24
A= $ 500,000.00 n= 8 24
7.69% TV
no deposito interes ahorro saldo
0 0 0 0 0
1 $ 100,000.00 0 $ 100,000.00 $ 100,000.00
2 $ 100,000.00 $ 2,500.00 $ 102,500.00 $ 202,500.00
3 $ 100,000.00 $ 5,062.50 $ 105,062.50 $ 307,562.50
4 $ 100,000.00 $ 7,689.06 $ 107,689.06 $ 415,251.56
5 $ 100,000.00 $ 10,381.29 $ 110,381.29 $ 525,632.85
6 $ 100,000.00 $ 13,140.82 $ 113,140.82 $ 638,773.67
7 $ 100,000.00 $ 15,969.34 $ 115,969.34 $ 754,743.01
8 $ 100,000.00 $ 18,868.58 $ 118,868.58 $ 873,611.59
9 $ 100,000.00 $ 21,840.29 $ 121,840.29 $ 995,451.88
10 $ 100,000.00 $ 24,886.30 $ 124,886.30 $ 1,120,338.18
11 $ 100,000.00 $ 28,008.45 $ 128,008.45 $ 1,248,346.63
12 $ 100,000.00 $ 31,208.67 $ 131,208.67 $ 1,379,555.30
13 $ 100,000.00 $ 34,488.88 $ 134,488.88 $ 1,514,044.18
14 $ 100,000.00 $ 37,851.10 $ 137,851.10 $ 1,651,895.28
15 $ 100,000.00 $ 41,297.38 $ 141,297.38 $ 1,793,192.67
16 $ 100,000.00 $ 44,829.82 $ 144,829.82 $ 1,938,022.48
17 $ 100,000.00 $ 48,450.56 $ 148,450.56 $ 2,086,473.04
18 $ 100,000.00 $ 52,161.83 $ 152,161.83 $ 2,238,634.87
19 $ 100,000.00 $ 55,965.87 $ 155,965.87 $ 2,394,600.74
20 $ 100,000.00 $ 59,865.02 $ 159,865.02 $ 2,554,465.76
21 $ 100,000.00 $ 63,861.64 $ 163,861.64 $ 2,718,327.41
22 $ 100,000.00 $ 67,958.19 $ 167,958.19 $ 2,886,285.59
23 $ 100,000.00 $ 72,157.14 $ 172,157.14 $ 3,058,442.73
24 $ 100,000.00 $ 76,461.07 $ 176,461.07 $ 3,234,903.80
25 -$ 100,000.00 $ 80,872.59 -$ 19,127.41 $ 3,215,776.39
26 -$ 100,000.00 $ 80,394.41 -$ 19,605.59 $ 3,196,170.80
27 -$ 100,000.00 $ 79,904.27 -$ 20,095.73 $ 3,176,075.07
28 -$ 100,000.00 $ 79,401.88 -$ 20,598.12 $ 3,155,476.95
29 -$ 100,000.00 $ 78,886.92 -$ 21,113.08 $ 3,134,363.87
30 -$ 100,000.00 $ 78,359.10 -$ 21,640.90 $ 3,112,722.97
31 -$ 100,000.00 $ 77,818.07 -$ 22,181.93 $ 3,090,541.04
32 -$ 100,000.00 $ 77,263.53 -$ 22,736.47 $ 3,067,804.57
33 -$ 100,000.00 $ 76,695.11 -$ 23,304.89 $ 3,044,499.69
34 -$ 100,000.00 $ 76,112.49 -$ 23,887.51 $ 3,020,612.18
35 -$ 100,000.00 $ 75,515.30 -$ 24,484.70 $ 2,996,127.48
36 -$ 100,000.00 $ 74,903.19 -$ 25,096.81 $ 2,971,030.67
37 -$ 100,000.00 $ 74,275.77 -$ 25,724.23 $ 2,945,306.44
38 -$ 100,000.00 $ 73,632.66 -$ 26,367.34 $ 2,918,939.10
39 -$ 100,000.00 $ 72,973.48 -$ 27,026.52 $ 2,891,912.57
40 -$ 100,000.00 $ 72,297.81 -$ 27,702.19 $ 2,864,210.39
41 -$ 100,000.00 $ 71,605.26 -$ 28,394.74 $ 2,835,815.65
42 -$ 100,000.00 $ 70,895.39 -$ 29,104.61 $ 2,806,711.04
43 -$ 100,000.00 $ 70,167.78 -$ 29,832.22 $ 2,776,878.82
44 -$ 100,000.00 $ 69,421.97 -$ 30,578.03 $ 2,746,300.79
45 -$ 100,000.00 $ 68,657.52 -$ 31,342.48 $ 2,714,958.31
46 -$ 100,000.00 $ 67,873.96 -$ 32,126.04 $ 2,682,832.26
47 -$ 100,000.00 $ 67,070.81 -$ 32,929.19 $ 2,649,903.07
48 -$ 100,000.00 $ 66,247.58 -$ 33,752.42 $ 2,616,150.65
1 $ 500,000.00 $ 201,157.46 $ 701,157.46 $ 3,317,308.10
2 $ 500,000.00 $ 255,069.89 $ 755,069.89 $ 4,072,378.00
3 $ 500,000.00 $ 313,127.69 $ 813,127.69 $ 4,885,505.69
4 $ 500,000.00 $ 375,649.59 $ 875,649.59 $ 5,761,155.27
5 $ 500,000.00 $ 442,978.83 $ 942,978.83 $ 6,704,134.10
6 $ 500,000.00 $ 515,485.06 $ 1,015,485.06 $ 7,719,619.16
7 $ 500,000.00 $ 593,566.34 $ 1,093,566.34 $ 8,813,185.51
8 $ 500,000.00 $ 677,651.34 $ 1,177,651.34 $ 9,990,836.85
9 $ - $ 768,201.69 $ 768,201.69 $ 10,759,038.54
10 $ - $ 827,269.20 $ 827,269.20 $ 11,586,307.74
11 $ - $ 890,878.44 $ 890,878.44 $ 12,477,186.18
12 $ - $ 959,378.64 $ 959,378.64 $ 13,436,564.82
CI= $ 5,000,000.00
F= $ 60,000,000.00 A= $ 272,042.96
n= 30 años
i= 7% AV
no deposito interes ahorro saldo

0 $ 5,000,000.00 0 $ 5,000,000.00 $ 5,000,000.00
1 $ 272,042.96 $ 350,000.00 $ 622,042.96 $ 5,622,042.96
2 $ 272,042.96 $ 393,543.01 $ 665,585.97 $ 6,287,628.93
3 $ 272,042.96 $ 440,134.03 $ 712,176.99 $ 6,999,805.92
4 $ 272,042.96 $ 489,986.41 $ 762,029.38 $ 7,761,835.30
5 $ 272,042.96 $ 543,328.47 $ 815,371.43 $ 8,577,206.74
6 $ 272,042.96 $ 600,404.47 $ 872,447.43 $ 9,449,654.17
7 $ 272,042.96 $ 661,475.79 $ 933,518.76 $ 10,383,172.93
8 $ 272,042.96 $ 726,822.10 $ 998,865.07 $ 11,382,037.99
9 $ 272,042.96 $ 796,742.66 $ 1,068,785.62 $ 12,450,823.62
10 $ 272,042.96 $ 871,557.65 $ 1,143,600.62 $ 13,594,424.23
11 $ 272,042.96 $ 951,609.70 $ 1,223,652.66 $ 14,818,076.89
12 $ 272,042.96 $ 1,037,265.38 $ 1,309,308.35 $ 16,127,385.24
13 $ 272,042.96 $ 1,128,916.97 $ 1,400,959.93 $ 17,528,345.17
14 $ 272,042.96 $ 1,226,984.16 $ 1,499,027.13 $ 19,027,372.29
15 $ 272,042.96 $ 1,331,916.06 $ 1,603,959.02 $ 20,631,331.32
16 $ 272,042.96 $ 1,444,193.19 $ 1,716,236.16 $ 22,347,567.47
17 $ 272,042.96 $ 1,564,329.72 $ 1,836,372.69 $ 24,183,940.16
18 $ 272,042.96 $ 1,692,875.81 $ 1,964,918.77 $ 26,148,858.93
19 $ 272,042.96 $ 1,830,420.13 $ 2,102,463.09 $ 28,251,322.02
20 $ 272,042.96 $ 1,977,592.54 $ 2,249,635.50 $ 30,500,957.53
21 $ - $ 2,135,067.03 $ 2,135,067.03 $ 32,636,024.56
22 $ - $ 2,284,521.72 $ 2,284,521.72 $ 34,920,546.27
23 $ - $ 2,444,438.24 $ 2,444,438.24 $ 37,364,984.51
24 $ - $ 2,615,548.92 $ 2,615,548.92 $ 39,980,533.43
25 $ - $ 2,798,637.34 $ 2,798,637.34 $ 42,779,170.77
26 $ - $ 2,994,541.95 $ 2,994,541.95 $ 45,773,712.72
27 $ - $ 3,204,159.89 $ 3,204,159.89 $ 48,977,872.61
28 $ - $ 3,428,451.08 $ 3,428,451.08 $ 52,406,323.70
29 $ - $ 3,668,442.66 $ 3,668,442.66 $ 56,074,766.36
30 $ - $ 3,925,233.64 $ 3,925,233.64 $ 60,000,000.00
P= $ 50,000,000.00 i= 1.75%
CI= $ 5,000,000.00
n= 36 mensuales
A= $ 900,000.00
CE= $ 14,346,980.32 12 Y 24

0 $ 5,000,000.00 0 0 $ 45,000,000.00
1 $ 900,000.00 $ 787,500.00 $ 112,500.00 $ 44,887,500.00
2 $ 900,000.00 $ 785,531.25 $ 114,468.75 $ 44,773,031.25
3 $ 900,000.00 $ 783,528.05 $ 116,471.95 $ 44,656,559.30
4 $ 900,000.00 $ 781,489.79 $ 118,510.21 $ 44,538,049.08
5 $ 900,000.00 $ 779,415.86 $ 120,584.14 $ 44,417,464.94
6 $ 900,000.00 $ 777,305.64 $ 122,694.36 $ 44,294,770.58
7 $ 900,000.00 $ 775,158.49 $ 124,841.51 $ 44,169,929.07
8 $ 900,000.00 $ 772,973.76 $ 127,026.24 $ 44,042,902.82
9 $ 900,000.00 $ 770,750.80 $ 129,249.20 $ 43,913,653.62
10 $ 900,000.00 $ 768,488.94 $ 131,511.06 $ 43,782,142.56
11 $ 900,000.00 $ 766,187.49 $ 133,812.51 $ 43,648,330.06
12 $ 15,246,980.32 $ 763,845.78 $ 14,483,134.55 $ 29,165,195.51
13 $ 900,000.00 $ 510,390.92 $ 389,609.08 $ 28,775,586.43
14 $ 900,000.00 $ 503,572.76 $ 396,427.24 $ 28,379,159.20
15 $ 900,000.00 $ 496,635.29 $ 403,364.71 $ 27,975,794.48
16 $ 900,000.00 $ 489,576.40 $ 410,423.60 $ 27,565,370.88
17 $ 900,000.00 $ 482,393.99 $ 417,606.01 $ 27,147,764.88
18 $ 900,000.00 $ 475,085.89 $ 424,914.11 $ 26,722,850.76
19 $ 900,000.00 $ 467,649.89 $ 432,350.11 $ 26,290,500.65
20 $ 900,000.00 $ 460,083.76 $ 439,916.24 $ 25,850,584.41
21 $ 900,000.00 $ 452,385.23 $ 447,614.77 $ 25,402,969.64
22 $ 900,000.00 $ 444,551.97 $ 455,448.03 $ 24,947,521.61
23 $ 900,000.00 $ 436,581.63 $ 463,418.37 $ 24,484,103.23
24 $ 15,246,980.32 $ 428,471.81 $ 14,818,508.51 $ 9,665,594.72
25 $ 900,000.00 $ 169,147.91 $ 730,852.09 $ 8,934,742.63
26 $ 900,000.00 $ 156,358.00 $ 743,642.00 $ 8,191,100.62
27 $ 900,000.00 $ 143,344.26 $ 756,655.74 $ 7,434,444.88
28 $ 900,000.00 $ 130,102.79 $ 769,897.21 $ 6,664,547.67
29 $ 900,000.00 $ 116,629.58 $ 783,370.42 $ 5,881,177.25
30 $ 900,000.00 $ 102,920.60 $ 797,079.40 $ 5,084,097.86
31 $ 900,000.00 $ 88,971.71 $ 811,028.29 $ 4,273,069.57
32 $ 900,000.00 $ 74,778.72 $ 825,221.28 $ 3,447,848.29
33 $ 900,000.00 $ 60,337.34 $ 839,662.66 $ 2,608,185.63
34 $ 900,000.00 $ 45,643.25 $ 854,356.75 $ 1,753,828.88
35 $ 900,000.00 $ 30,692.01 $ 869,307.99 $ 884,520.88
36 $ 900,000.00 $ 15,479.12 $ 884,520.88 $ 0.00
P= $ 30,000,000.00
n= 24
CE= $ 2,000,000.00 6 Y 18
i= 1.87% MV
A= $ 1,394,996.64

0 0 0 0 $ 30,000,000.00
1 $ 1,394,996.64 $ 561,000.00 $ 833,996.64 $ 29,166,003.36
2 $ 1,394,996.64 $ 545,404.26 $ 849,592.38 $ 28,316,410.98
3 $ 1,394,996.64 $ 529,516.89 $ 865,479.75 $ 27,450,931.23
4 $ 1,394,996.64 $ 513,332.41 $ 881,664.23 $ 26,569,267.01
5 $ 1,394,996.64 $ 496,845.29 $ 898,151.35 $ 25,671,115.66
6 $ 3,394,996.64 $ 480,049.86 $ 2,914,946.78 $ 22,756,168.88
7 $ 1,394,996.64 $ 425,540.36 $ 969,456.28 $ 21,786,712.60
8 $ 1,394,996.64 $ 407,411.53 $ 987,585.11 $ 20,799,127.49
9 $ 1,394,996.64 $ 388,943.68 $ 1,006,052.96 $ 19,793,074.53
10 $ 1,394,996.64 $ 370,130.49 $ 1,024,866.15 $ 18,768,208.39
11 $ 1,394,996.64 $ 350,965.50 $ 1,044,031.14 $ 17,724,177.24
12 $ 1,394,996.64 $ 331,442.11 $ 1,063,554.52 $ 16,660,622.72
13 $ 1,394,996.64 $ 311,553.64 $ 1,083,442.99 $ 15,577,179.72
14 $ 1,394,996.64 $ 291,293.26 $ 1,103,703.38 $ 14,473,476.35
15 $ 1,394,996.64 $ 270,654.01 $ 1,124,342.63 $ 13,349,133.71
16 $ 1,394,996.64 $ 249,628.80 $ 1,145,367.84 $ 12,203,765.88
17 $ 1,394,996.64 $ 228,210.42 $ 1,166,786.22 $ 11,036,979.66
18 $ 3,394,996.64 $ 206,391.52 $ 3,188,605.12 $ 7,848,374.54
19 $ 1,394,996.64 $ 146,764.60 $ 1,248,232.04 $ 6,600,142.50
20 $ 1,394,996.64 $ 123,422.66 $ 1,271,573.97 $ 5,328,568.53
21 $ 1,394,996.64 $ 99,644.23 $ 1,295,352.41 $ 4,033,216.12
22 $ 1,394,996.64 $ 75,421.14 $ 1,319,575.50 $ 2,713,640.62
23 $ 1,394,996.64 $ 50,745.08 $ 1,344,251.56 $ 1,369,389.06
24 $ 1,394,996.64 $ 25,607.58 $ 1,369,389.06 -$ 0.00
6
CI= $ 4,000,000.00
A= $ 1,550,000.00 TA
CE= $ 1,000,000.00 6
i= 36% NTV 9.00% TV
n= 24 MENSUALES 2.91% MV
P= $ 9,351,076.89 + $ 4,000,000.00 +
P= $ 14,192,756.89
A= $ 830,323.12
n= 12 m= 4
i= 2.50% MV
A= $ 20,000.00 n= 20
i= 2.50% MV n= 5
A= $ 31,154.72
0 $ - 0 0 $ 282,460.23
1 $ - $ 7,061.51 -$ 7,061.51 $ 289,521.74
2 $ - $ 7,238.04 -$ 7,238.04 $ 296,759.78
3 $ - $ 7,418.99 -$ 7,418.99 $ 304,178.78
4 $ - $ 7,604.47 -$ 7,604.47 $ 311,783.25
5 $ 20,000.00 $ 7,794.58 $ 12,205.42 $ 299,577.83
6 $ 20,000.00 $ 7,489.45 $ 12,510.55 $ 287,067.27
7 $ 20,000.00 $ 7,176.68 $ 12,823.32 $ 274,243.95
8 $ 20,000.00 $ 6,856.10 $ 13,143.90 $ 261,100.05
9 $ 20,000.00 $ 6,527.50 $ 13,472.50 $ 247,627.55
10 $ 20,000.00 $ 6,190.69 $ 13,809.31 $ 233,818.24
11 $ 20,000.00 $ 5,845.46 $ 14,154.54 $ 219,663.70
12 $ 20,000.00 $ 5,491.59 $ 14,508.41 $ 205,155.29
13 $ 20,000.00 $ 5,128.88 $ 14,871.12 $ 190,284.17
14 $ 20,000.00 $ 4,757.10 $ 15,242.90 $ 175,041.28
15 $ 20,000.00 $ 4,376.03 $ 15,623.97 $ 159,417.31
16 $ 20,000.00 $ 3,985.43 $ 16,014.57 $ 143,402.74
17 $ 20,000.00 $ 3,585.07 $ 16,414.93 $ 126,987.81
18 $ 20,000.00 $ 3,174.70 $ 16,825.30 $ 110,162.51
19 $ 20,000.00 $ 2,754.06 $ 17,245.94 $ 92,916.57
20 $ 20,000.00 $ 2,322.91 $ 17,677.09 $ 75,239.48
21 $ 20,000.00 $ 1,880.99 $ 18,119.01 $ 57,120.47
22 $ 20,000.00 $ 1,428.01 $ 18,571.99 $ 38,548.48
23 $ 20,000.00 $ 963.71 $ 19,036.29 $ 19,512.20
24 $ 20,000.00 $ 487.80 $ 19,512.20 $ 0.00
25
8
60
n= $ 750,000.00 P= $ 31,525,943.85
A= 1.25% MV
i=
$ 5,000,000.00 mes 6
CE= $ 7,000,000.00 mes 18
CE= $ 28,681,944.32
CE=
no 0 0 0 $ 31,525,943.85
0 $ - $ 394,074.30 -$ 394,074.30 $ 31,920,018.14
1 $ - $ 399,000.23 -$ 399,000.23 $ 32,319,018.37
2 $ - $ 403,987.73 -$ 403,987.73 $ 32,723,006.10
3 $ - $ 409,037.58 -$ 409,037.58 $ 33,132,043.68
4 $ - $ 414,150.55 -$ 414,150.55 $ 33,546,194.22
5 $ 5,000,000.00 $ 419,327.43 $ 4,580,672.57 $ 28,965,521.65
6 $ - $ 362,069.02 -$ 362,069.02 $ 29,327,590.67
7 $ - $ 366,594.88 -$ 366,594.88 $ 29,694,185.55
8 $ - $ 371,177.32 -$ 371,177.32 $ 30,065,362.87
9 $ - $ 375,817.04 -$ 375,817.04 $ 30,441,179.91
10 $ - $ 380,514.75 -$ 380,514.75 $ 30,821,694.66
11 $ - $ 385,271.18 -$ 385,271.18 $ 31,206,965.84
12 $ - $ 390,087.07 -$ 390,087.07 $ 31,597,052.91
13 $ - $ 394,963.16 -$ 394,963.16 $ 31,992,016.08
14 $ - $ 399,900.20 -$ 399,900.20 $ 32,391,916.28
15 $ - $ 404,898.95 -$ 404,898.95 $ 32,796,815.23
16 $ - $ 409,960.19 -$ 409,960.19 $ 33,206,775.42
17 $ 7,000,000.00 $ 415,084.69 $ 6,584,915.31 $ 26,621,860.11
18 $ - $ 332,773.25 -$ 332,773.25 $ 26,954,633.37
19 $ - $ 336,932.92 -$ 336,932.92 $ 27,291,566.28
20 $ - $ 341,144.58 -$ 341,144.58 $ 27,632,710.86
21 $ - $ 345,408.89 -$ 345,408.89 $ 27,978,119.75
22 $ - $ 349,726.50 -$ 349,726.50 $ 28,327,846.24
23 $ 28,681,944.32 $ 354,098.08 $ 28,327,846.24 $ 0.00
24
9
$ 5,000,000.00 A1=
F= 2 24 A2=
n= 2% MV
i=
deposito interes ahorro saldo
no 0 0 0 0
0 $ 114,066.83 0 $ 114,066.83 $ 114,066.83
1 $ 114,066.83 2281.3366118443 $ 116,348.17 $ 230,415.00
2 $ 114,066.83 4608.2999559254 $ 118,675.13 $ 349,090.13
3 $ 114,066.83 6981.8025668882 $ 121,048.63 $ 470,138.76
4 $ 114,066.83 9402.7752300702 $ 123,469.61 $ 593,608.37
5 $ 114,066.83 11872.1673465159 $ 125,939.00 $ 719,547.37
6 $ 114,066.83 14390.9473052905 $ 128,457.78 $ 848,005.14
7 $ 114,066.83 16960.1028632406 $ 131,026.93 $ 979,032.08
8 $ 114,066.83 19580.6415323496 $ 133,647.47 $ 1,112,679.55
9 $ 114,066.83 22253.5909748409 $ 136,320.42 $ 1,248,999.97
10 $ 114,066.83 24979.999406182 $ 139,046.83 $ 1,388,046.80
11 $ 114,066.83 27760.9360061499 $ 141,827.77 $ 1,529,874.57
12 $ 228,133.66 $ 30,597.49 258731.152522544 $ 1,788,605.72
13 $ 228,133.66 $ 35,772.11 263905.775572995 $ 2,052,511.50
14 $ 228,133.66 $ 41,050.23 269183.891084455 $ 2,321,695.39
15 $ 228,133.66 $ 46,433.91 274567.568906144 $ 2,596,262.95
16 $ 228,133.66 $ 51,925.26 280058.920284267 $ 2,876,321.88
17 $ 228,133.66 $ 57,526.44 285660.098689952 $ 3,161,981.97
18 $ 228,133.66 $ 63,239.64 291373.300663751 $ 3,453,355.27
19 $ 228,133.66 $ 69,067.11 297200.766677026 $ 3,750,556.04
20 $ 228,133.66 $ 75,011.12 303144.782010567 $ 4,053,700.82
21 $ 228,133.66 $ 81,074.02 309207.677650778 $ 4,362,908.50
22 $ 228,133.66 $ 87,258.17 315391.831203793 $ 4,678,300.33
23 $ 228,133.66 $ 93,566.01 321699.667827869 $ 5,000,000.00
24
10
$ 40,000,000.00
P= $ 4,000,000.00 10%
CI= 48 mensuales
n= $ 1,338,425.00
A= despues de la cuota 19
$ 13,517,209.77 24,36,48
A= 32% NMV 2.67%
i=
no $ 4,000,000.00 0 0 $ 36,000,000.00
0 $ 1,338,425.00 $ 960,000.00 $ 378,425.00 $ 35,621,575.00
1 $ 1,338,425.00 $ 949,908.67 $ 388,516.33 $ 35,233,058.67
2 $ 1,338,425.00 $ 939,548.23 $ 398,876.77 $ 34,834,181.90
3 $ 1,338,425.00 $ 928,911.52 $ 409,513.48 $ 34,424,668.42
4 $ 1,338,425.00 $ 917,991.16 $ 420,433.84 $ 34,004,234.57
5 $ 1,338,425.00 $ 906,779.59 $ 431,645.41 $ 33,572,589.16
6 $ 1,338,425.00 $ 895,269.04 $ 443,155.96 $ 33,129,433.21
7 $ 1,338,425.00 $ 883,451.55 $ 454,973.45 $ 32,674,459.76
8 $ 1,338,425.00 $ 871,318.93 $ 467,106.07 $ 32,207,353.68
9 $ 1,338,425.00 $ 858,862.76 $ 479,562.24 $ 31,727,791.45
10 $ 1,338,425.00 $ 846,074.44 $ 492,350.56 $ 31,235,440.89
11 $ 1,338,425.00 $ 832,945.09 $ 505,479.91 $ 30,729,960.98
12 $ 1,338,425.00 $ 819,465.63 $ 518,959.37 $ 30,211,001.60
13 $ 1,338,425.00 $ 805,626.71 $ 532,798.29 $ 29,678,203.31
14 $ 1,338,425.00 $ 791,418.76 $ 547,006.24 $ 29,131,197.07
15 $ 1,338,425.00 $ 776,831.92 $ 561,593.08 $ 28,569,603.99
16 $ 1,338,425.00 $ 761,856.11 $ 576,568.89 $ 27,993,035.10
17 $ 1,338,425.00 $ 746,480.94 $ 591,944.06 $ 27,401,091.03
18 $ 1,338,425.00 $ 730,695.76 $ 607,729.24 $ 26,793,361.79
19 $ - $ 714,489.65 -$ 714,489.65 $ 27,507,851.44
20 $ - $ 733,542.71 -$ 733,542.71 $ 28,241,394.15
21 $ - $ 753,103.84 -$ 753,103.84 $ 28,994,497.99
22 $ - $ 773,186.61 -$ 773,186.61 $ 29,767,684.60
23 $ 13,517,209.77 $ 793,804.92 $ 12,723,404.84 $ 17,044,279.76
24 $ - $ 454,514.13 -$ 454,514.13 $ 17,498,793.89
25 $ - $ 466,634.50 -$ 466,634.50 $ 17,965,428.39
26 $ - $ 479,078.09 -$ 479,078.09 $ 18,444,506.48
27 $ - $ 491,853.51 -$ 491,853.51 $ 18,936,359.99
28 $ - $ 504,969.60 -$ 504,969.60 $ 19,441,329.59
29 $ - $ 518,435.46 -$ 518,435.46 $ 19,959,765.04
30 $ - $ 532,260.40 -$ 532,260.40 $ 20,492,025.44
31 $ - $ 546,454.01 -$ 546,454.01 $ 21,038,479.46
32 $ - $ 561,026.12 -$ 561,026.12 $ 21,599,505.58
33 $ - $ 575,986.82 -$ 575,986.82 $ 22,175,492.39
34 $ - $ 591,346.46 -$ 591,346.46 $ 22,766,838.85
35 $ 13,517,209.77 $ 607,115.70 $ 12,910,094.06 $ 9,856,744.79
36 $ - $ 262,846.53 -$ 262,846.53 $ 10,119,591.32
37 $ - $ 269,855.77 -$ 269,855.77 $ 10,389,447.09
38 $ - $ 277,051.92 -$ 277,051.92 $ 10,666,499.01
39 $ - $ 284,439.97 -$ 284,439.97 $ 10,950,938.98
40 $ - $ 292,025.04 -$ 292,025.04 $ 11,242,964.02
41 $ - $ 299,812.37 -$ 299,812.37 $ 11,542,776.40
42 $ - $ 307,807.37 -$ 307,807.37 $ 11,850,583.77
43 $ - $ 316,015.57 -$ 316,015.57 $ 12,166,599.34
44 $ - $ 324,442.65 -$ 324,442.65 $ 12,491,041.98
45 $ - $ 333,094.45 -$ 333,094.45 $ 12,824,136.44
46 $ - $ 341,976.97 -$ 341,976.97 $ 13,166,113.41
47 $ 13,517,209.77 $ 351,096.36 $ 13,166,113.41 $ -
48
11
2% MV
i= $ 5,000.00 mes 3
A1= $ 18,000.00 mes 5
A2= $ 45,000.00 mes 7
A3= $ 25,000.00 mes 9-17
A4=
deposito interes ahorro saldo
no $ - $ - $ - $ -
0 $ - $ - $ - $ -
1 $ - $ - $ - $ -
2 $ 5,000.00 $ - $ 5,000.00 $ 5,000.00
3 $ - $ 100.00 $ 100.00 $ 5,100.00
4 $ 18,000.00 $ 102.00 $ 18,102.00 $ 23,202.00
5 $ - $ 464.04 $ 464.04 $ 23,666.04
6 $ 45,000.00 $ 473.32 $ 45,473.32 $ 69,139.36
7 $ - $ 1,382.79 $ 1,382.79 $ 70,522.15
8 $ 25,000.00 $ 1,410.44 $ 26,410.44 $ 96,932.59
9 $ 25,000.00 $ 1,938.65 $ 26,938.65 $ 123,871.24
10 $ 25,000.00 $ 2,477.42 $ 27,477.42 $ 151,348.67
11 $ 25,000.00 $ 3,026.97 $ 28,026.97 $ 179,375.64
12 $ 25,000.00 $ 3,587.51 $ 28,587.51 $ 207,963.15
13 $ 25,000.00 $ 4,159.26 $ 29,159.26 $ 237,122.42
14 $ 25,000.00 $ 4,742.45 $ 29,742.45 $ 266,864.87
15 $ 25,000.00 $ 5,337.30 $ 30,337.30 $ 297,202.16
16 $ 25,000.00 $ 5,944.04 $ 30,944.04 $ 328,146.21
17
12
$ 100,000,000.00
P= $ 10,000,000.00
CI= 24 mensuales
n= 6
m= $ 20,000,000.00 mes 18
CE= 32% NMV 2.67% MV
i=
$ 5,613,954.91
A=
no $ 10,000,000.00 0 0 $ 90,000,000.00
0 $ - $ 2,400,000.00 -$ 2,400,000.00 $ 92,400,000.00
1 $ - $ 2,464,000.00 -$ 2,464,000.00 $ 94,864,000.00
2 $ - $ 2,529,706.67 -$ 2,529,706.67 $ 97,393,706.67
3 $ - $ 2,597,165.51 -$ 2,597,165.51 $ 99,990,872.18
4 $ 5,613,954.91 $ 2,666,423.26 $ 2,947,531.65 $ 97,043,340.53
5 $ 5,613,954.91 $ 2,587,822.41 $ 3,026,132.49 $ 94,017,208.04
6 $ 5,613,954.91 $ 2,507,125.55 $ 3,106,829.36 $ 90,910,378.68
7 $ 5,613,954.91 $ 2,424,276.76 $ 3,189,678.14 $ 87,720,700.53
8 $ 5,613,954.91 $ 2,339,218.68 $ 3,274,736.23 $ 84,445,964.31
9 $ 5,613,954.91 $ 2,251,892.38 $ 3,362,062.53 $ 81,083,901.78
10 $ 5,613,954.91 $ 2,162,237.38 $ 3,451,717.53 $ 77,632,184.26
11 $ 5,613,954.91 $ 2,070,191.58 $ 3,543,763.33 $ 74,088,420.93
12 $ 5,613,954.91 $ 1,975,691.22 $ 3,638,263.68 $ 70,450,157.25
13 $ 5,613,954.91 $ 1,878,670.86 $ 3,735,284.05 $ 66,714,873.20
14 $ 5,613,954.91 $ 1,779,063.29 $ 3,834,891.62 $ 62,879,981.58
15 $ 5,613,954.91 $ 1,676,799.51 $ 3,937,155.40 $ 58,942,826.18
16 $ 5,613,954.91 $ 1,571,808.70 $ 4,042,146.21 $ 54,900,679.97
17 $ 25,613,954.91 $ 1,464,018.13 $ 24,149,936.77 $ 30,750,743.20
18 $ 5,613,954.91 $ 820,019.82 $ 4,793,935.09 $ 25,956,808.11
19 $ 5,613,954.91 $ 692,181.55 $ 4,921,773.36 $ 21,035,034.75
20 $ 5,613,954.91 $ 560,934.26 $ 5,053,020.65 $ 15,982,014.10
21 $ 5,613,954.91 $ 426,187.04 $ 5,187,767.86 $ 10,794,246.24
22 $ 5,613,954.91 $ 287,846.57 $ 5,326,108.34 $ 5,468,137.90
23 $ 5,613,954.91 $ 145,817.01 $ 5,468,137.90 -$ 0.00
24
13 NO ENTIENDO
14
10 años 20 semestres
n= $ 100,000.00 semestrales
A= 16% SV P= $ 592,884.09
i=
no 0 0 0 $ 592,884.09
0 $ 100,000.00 $ 94,861.45 $ 5,138.55 $ 587,745.54
1 $ 100,000.00 $ 94,039.29 $ 5,960.71 $ 581,784.83
2 $ 100,000.00 $ 93,085.57 $ 6,914.43 $ 574,870.40
3 $ 100,000.00 $ 91,979.26 $ 8,020.74 $ 566,849.67
4 $ 100,000.00 $ 90,695.95 $ 9,304.05 $ 557,545.62
5 $ 100,000.00 $ 89,207.30 $ 10,792.70 $ 546,752.91
6 $ 100,000.00 $ 87,480.47 $ 12,519.53 $ 534,233.38
7 $ 100,000.00 $ 85,477.34 $ 14,522.66 $ 519,710.72
8 $ 100,000.00 $ 83,153.72 $ 16,846.28 $ 502,864.44
9 $ 100,000.00 $ 80,458.31 $ 19,541.69 $ 483,322.75
10
15
$ 42,000,000.00
P= $ 12,600,000.00 30%
CI= 24 mensuales
n= $ 2,953,585.31
A= 7
m= 48 no se como hacer con funcion
n2= financiera
5%
i=
A2=
8.68%
i=
no me cuadra el resultado con
$ 2,312,732.88
buscar objetivo
A=
no $ 12,600,000.00 0 $ 12,600,000.00 $ 29,400,000.00
0 $ 2,953,585.31 $ 2,553,380.92 $ 400,204.39 $ 28,999,795.61
1 $ 2,953,585.31 $ 2,518,623.29 $ 434,962.02 $ 28,564,833.59
2 $ 2,953,585.31 $ 2,480,846.98 $ 472,738.33 $ 28,092,095.26
3 $ 2,953,585.31 $ 2,439,789.80 $ 513,795.51 $ 27,578,299.75
4 $ 2,953,585.31 $ 2,395,166.82 $ 558,418.49 $ 27,019,881.25
5 $ 2,953,585.31 $ 2,346,668.34 $ 606,916.97 $ 26,412,964.28
6 $ 2,953,585.31 $ 2,293,957.79 $ 659,627.52 $ 25,753,336.76
7 $ 2,312,732.88 $ 2,236,669.34 $ 76,063.54 $ 25,677,273.22
8 $ 2,312,732.88 $ 2,230,063.25 $ 82,669.64 $ 25,594,603.59
9 $ 2,312,732.88 $ 2,222,883.42 $ 89,849.47 $ 25,504,754.12
10 $ 2,312,732.88 $ 2,215,080.02 $ 97,652.87 $ 25,407,101.25
11 $ 2,312,732.88 $ 2,206,598.90 $ 106,133.99 $ 25,300,967.26
12 $ 2,312,732.88 $ 2,197,381.19 $ 115,351.69 $ 25,185,615.57
13 $ 2,312,732.88 $ 2,187,362.93 $ 125,369.95 $ 25,060,245.62
14 $ 2,312,732.88 $ 2,176,474.59 $ 136,258.29 $ 24,923,987.33
15 $ 2,312,732.88 $ 2,164,640.60 $ 148,092.28 $ 24,775,895.05
16 $ 2,312,732.88 $ 2,151,778.83 $ 160,954.05 $ 24,614,941.00
17 $ 2,312,732.88 $ 2,137,800.02 $ 174,932.86 $ 24,440,008.13
18 $ 2,312,732.88 $ 2,122,607.16 $ 190,125.73 $ 24,249,882.41
19 $ 2,312,732.88 $ 2,106,094.80 $ 206,638.09 $ 24,043,244.32
20 $ 2,312,732.88 $ 2,088,148.34 $ 224,584.54 $ 23,818,659.78
21 $ 2,312,732.88 $ 2,068,643.25 $ 244,089.64 $ 23,574,570.14
22 $ 2,312,732.88 $ 2,047,444.14 $ 265,288.75 $ 23,309,281.39
23 $ 2,312,732.88 $ 2,024,403.89 $ 288,328.99 $ 23,020,952.40
24 $ 2,312,732.88 $ 1,999,362.61 $ 313,370.28 $ 22,707,582.12
25 $ 2,312,732.88 $ 1,972,146.49 $ 340,586.39 $ 22,366,995.73
26 $ 2,312,732.88 $ 1,942,566.67 $ 370,166.21 $ 21,996,829.51
27 $ 2,312,732.88 $ 1,910,417.85 $ 402,315.04 $ 21,594,514.48
28 $ 2,312,732.88 $ 1,875,476.91 $ 437,255.97 $ 21,157,258.50
29 $ 2,312,732.88 $ 1,837,501.37 $ 475,231.52 $ 20,682,026.99
30 $ 2,312,732.88 $ 1,796,227.66 $ 516,505.23 $ 20,165,521.76
31 $ 2,312,732.88 $ 1,751,369.34 $ 561,363.55 $ 19,604,158.21
32 $ 2,312,732.88 $ 1,702,615.09 $ 610,117.80 $ 18,994,040.41
33 $ 2,312,732.88 $ 1,649,626.54 $ 663,106.34 $ 18,330,934.07
34 $ 2,312,732.88 $ 1,592,035.96 $ 720,696.92 $ 17,610,237.15
35 $ 2,312,732.88 $ 1,529,443.66 $ 783,289.23 $ 16,826,947.92
36 $ 2,312,732.88 $ 1,461,415.23 $ 851,317.66 $ 15,975,630.26
37 $ 2,312,732.88 $ 1,387,478.55 $ 925,254.33 $ 15,050,375.93
38 $ 2,312,732.88 $ 1,307,120.50 $ 1,005,612.38 $ 14,044,763.55
39 $ 2,312,732.88 $ 1,219,783.38 $ 1,092,949.51 $ 12,951,814.04
40 $ 2,312,732.88 $ 1,124,861.05 $ 1,187,871.84 $ 11,763,942.21
41 $ 2,312,732.88 $ 1,021,694.75 $ 1,291,038.14 $ 10,472,904.07
42 $ 2,312,732.88 $ 909,568.48 $ 1,403,164.40 $ 9,069,739.67
43 $ 2,312,732.88 $ 787,704.09 $ 1,525,028.80 $ 7,544,710.87
44 $ 2,312,732.88 $ 655,255.81 $ 1,657,477.08 $ 5,887,233.80
45 $ 2,312,732.88 $ 511,304.44 $ 1,801,428.45 $ 4,085,805.35
46 $ 2,312,732.88 $ 354,850.93 $ 1,957,881.95 $ 2,127,923.40
47 $ 2,312,732.88 $ 184,809.49 $ 2,127,923.40 $ 0.00
48
16
12
n= $ 1,000,000.00
A= 20% NMV 1.67% MV
i=
$ 10,795,113.44
P=
no 0 0 0 $ 10,795,113.44
0 $ 1,000,000.00 $ 179,918.56 $ 820,081.44 $ 9,975,032.00
1 $ 1,000,000.00 $ 166,250.53 $ 833,749.47 $ 9,141,282.53
2 $ 1,000,000.00 $ 152,354.71 $ 847,645.29 $ 8,293,637.24
3 $ 1,000,000.00 $ 138,227.29 $ 861,772.71 $ 7,431,864.53
4 $ 1,000,000.00 $ 123,864.41 $ 876,135.59 $ 6,555,728.94
5 $ 1,000,000.00 $ 109,262.15 $ 890,737.85 $ 5,664,991.09
6 $ 1,000,000.00 $ 94,416.52 $ 905,583.48 $ 4,759,407.61
7 $ 1,000,000.00 $ 79,323.46 $ 920,676.54 $ 3,838,731.07
8 $ 1,000,000.00 $ 63,978.85 $ 936,021.15 $ 2,902,709.92
9 $ 1,000,000.00 $ 48,378.50 $ 951,621.50 $ 1,951,088.42
10 $ 1,000,000.00 $ 32,518.14 $ 967,481.86 $ 983,606.56
11 $ 1,000,000.00 $ 16,393.44 $ 983,606.56 ($ 0.00)
12
17
$ 10,000,000.00 CE= $ 2,000,000.00
P= 5 años
n= 17% NTV 4.25% TV
i= 18.11% AV
$ 3,206,096.35
A= $ 2,816,967.17
A2=
no $ - 0 0 $ 10,000,000.00
0 $ 2,816,967.17 $ 1,811,478.25 $ 1,005,488.91 $ 8,994,511.09
1 $ 2,816,967.17 $ 1,629,336.12 $ 1,187,631.04 $ 7,806,880.04
2 $ 4,816,967.17 $ 1,414,199.34 $ 3,402,767.83 $ 4,404,112.22
3 $ 2,816,967.17 $ 797,795.35 $ 2,019,171.82 $ 2,384,940.40
4 $ 2,816,967.17 $ 432,026.77 $ 2,384,940.40 $ -
5
18
$ 6,000,000.00 A= $ 2,154,408.81
P= 6
n= 3 primeros meses
m= 1.50% MV
i=
no 0 0 0 $ 6,000,000.00
0 $ - $ 90,000.00 $ (90,000.00) $ 6,090,000.00
1 $ - $ 91,350.00 $ (91,350.00) $ 6,181,350.00
2 $ - $ 92,720.25 $ (92,720.25) $ 6,274,070.25
3 $ 2,154,408.81 $ 94,111.05 $ 2,060,297.76 $ 4,213,772.49
4 $ 2,154,408.81 $ 63,206.59 $ 2,091,202.23 $ 2,122,570.26
5 $ 2,154,408.81 $ 31,838.55 $ 2,122,570.26 $ -
6
19
$ 50,000,000.00
P= 30% NMV 2.50%
i= 24
n=
no 0 0 0 $ 50,000,000.00
0 $ 1.00 $ 1,250,000.00 $ (1,249,999.00) $ 51,249,999.00
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
20
24 mensuales
n= 34% NMV 2.83%
i= $ 500,000.00
CI= 2% decreciente P=
J=
no 0 0 0 $ 7,086,947.12
0 $ 500,000.00 $ 200,796.84 $ 299,203.16 $ 6,787,743.95
1 $ 490,000.00 $ 192,319.41 $ 297,680.59 $ 6,490,063.37
2 $ 480,200.00 $ 183,885.13 $ 296,314.87 $ 6,193,748.49
3 $ 470,596.00 $ 175,489.54 $ 295,106.46 $ 5,898,642.04
4 $ 461,184.08 $ 167,128.19 $ 294,055.89 $ 5,604,586.15
5 $ 451,960.40 $ 158,796.61 $ 293,163.79 $ 5,311,422.36
6 $ 442,921.19 $ 150,490.30 $ 292,430.89 $ 5,018,991.47
7 $ 434,062.77 $ 142,204.76 $ 291,858.01 $ 4,727,133.46
8 $ 425,381.51 $ 133,935.45 $ 291,446.06 $ 4,435,687.39
9 $ 416,873.88 $ 125,677.81 $ 291,196.07 $ 4,144,491.32
10 $ 408,536.40 $ 117,427.25 $ 291,109.15 $ 3,853,382.17
11 $ 400,365.68 $ 109,179.16 $ 291,186.51 $ 3,562,195.66
12 $ 392,358.36 $ 100,928.88 $ 291,429.48 $ 3,270,766.17
13 $ 384,511.19 $ 92,671.71 $ 291,839.49 $ 2,978,926.69
14 $ 376,820.97 $ 84,402.92 $ 292,418.05 $ 2,686,508.64
15 $ 369,284.55 $ 76,117.74 $ 293,166.81 $ 2,393,341.83
16 $ 361,898.86 $ 67,811.35 $ 294,087.51 $ 2,099,254.32
17 $ 354,660.88 $ 59,478.87 $ 295,182.01 $ 1,804,072.31
18 $ 347,567.67 $ 51,115.38 $ 296,452.28 $ 1,507,620.03
19 $ 340,616.31 $ 42,715.90 $ 297,900.41 $ 1,209,719.62
20 $ 333,803.99 $ 34,275.39 $ 299,528.60 $ 910,191.02
21 $ 327,127.91 $ 25,788.75 $ 301,339.16 $ 608,851.86
22 $ 320,585.35 $ 17,250.80 $ 303,334.55 $ 305,517.32
23 $ 314,173.64 $ 8,656.32 $ 305,517.32 $ 0.00
24
21
$ 50,000,000.00
P= 36 mensuales
n= $ 50,000.00 mes
G= 2.80% BV 1.39% MV
i= $ 973,981.51
A=
no 0 0 0 $ 50,000,000.00
0 $ 973,981.51 $ 695,167.42 $ 278,814.09 $ 49,721,185.91
1 $ 1,023,981.51 $ 691,290.97 $ 332,690.54 $ 49,388,495.37
2 $ 1,073,981.51 $ 686,665.46 $ 387,316.05 $ 49,001,179.32
3 $ 1,123,981.51 $ 681,280.47 $ 442,701.04 $ 48,558,478.27
4 $ 1,173,981.51 $ 675,125.44 $ 498,856.07 $ 48,059,622.20
5 $ 1,223,981.51 $ 668,189.67 $ 555,791.84 $ 47,503,830.36
6 $ 1,273,981.51 $ 660,462.31 $ 613,519.21 $ 46,890,311.16
7 $ 1,323,981.51 $ 651,932.33 $ 672,049.18 $ 46,218,261.98
8 $ 1,373,981.51 $ 642,588.60 $ 731,392.91 $ 45,486,869.06
9 $ 1,423,981.51 $ 632,419.79 $ 791,561.72 $ 44,695,307.34
10 $ 1,473,981.51 $ 621,414.43 $ 852,567.08 $ 43,842,740.26
11 $ 1,523,981.51 $ 609,560.89 $ 914,420.62 $ 42,928,319.64
12 $ 1,573,981.51 $ 596,847.39 $ 977,134.13 $ 41,951,185.51
13 $ 1,623,981.51 $ 583,261.95 $ 1,040,719.56 $ 40,910,465.95
14 $ 1,673,981.51 $ 568,792.46 $ 1,105,189.05 $ 39,805,276.90
15 $ 1,723,981.51 $ 553,426.63 $ 1,170,554.88 $ 38,634,722.02
16 $ 1,773,981.51 $ 537,152.00 $ 1,236,829.51 $ 37,397,892.51
17 $ 1,823,981.51 $ 519,955.93 $ 1,304,025.58 $ 36,093,866.93
18 $ 1,873,981.51 $ 501,825.61 $ 1,372,155.90 $ 34,721,711.02
19 $ 1,923,981.51 $ 482,748.05 $ 1,441,233.47 $ 33,280,477.56
20 $ 1,973,981.51 $ 462,710.08 $ 1,511,271.44 $ 31,769,206.12
21 $ 2,023,981.51 $ 441,698.34 $ 1,582,283.17 $ 30,186,922.95
22 $ 2,073,981.51 $ 419,699.31 $ 1,654,282.21 $ 28,532,640.74
23 $ 2,123,981.51 $ 396,699.25 $ 1,727,282.27 $ 26,805,358.47
24 $ 2,173,981.51 $ 372,684.24 $ 1,801,297.27 $ 25,004,061.20
25 $ 2,223,981.51 $ 347,640.18 $ 1,876,341.34 $ 23,127,719.86
26 $ 2,273,981.51 $ 321,552.75 $ 1,952,428.77 $ 21,175,291.10
27 $ 2,323,981.51 $ 294,407.45 $ 2,029,574.06 $ 19,145,717.03
28 $ 2,373,981.51 $ 266,189.58 $ 2,107,791.94 $ 17,037,925.10
29 $ 2,423,981.51 $ 236,884.21 $ 2,187,097.30 $ 14,850,827.79
30 $ 2,473,981.51 $ 206,476.23 $ 2,267,505.28 $ 12,583,322.51
31 $ 2,523,981.51 $ 174,950.32 $ 2,349,031.20 $ 10,234,291.31
32 $ 2,573,981.51 $ 142,290.92 $ 2,431,690.60 $ 7,802,600.72
33 $ 2,623,981.51 $ 108,482.28 $ 2,515,499.24 $ 5,287,101.48
34 $ 2,673,981.51 $ 73,508.41 $ 2,600,473.10 $ 2,686,628.38
35 $ 2,723,981.51 $ 37,353.13 $ 2,686,628.38 $ (0.00)
36
22
$ 1,000,000.00
CI= 18 mensuales
n= 0.89% MV
i= $ 250,000.00
A= 3% aumenta
J=
$ 6,349,003.67
P=

no $ 1,000,000.00 0 $ 1,000,000.00 $ 5,349,003.67
0 $ 250,000.00 $ 47,606.13 $ 202,393.87 $ 5,146,609.81
1 $ 257,500.00 $ 45,804.83 $ 211,695.17 $ 4,934,914.63
2 $ 265,225.00 $ 43,920.74 $ 221,304.26 $ 4,713,610.37
3 $ 273,181.75 $ 41,951.13 $ 231,230.62 $ 4,482,379.76
4 $ 281,377.20 $ 39,893.18 $ 241,484.02 $ 4,240,895.73
5 $ 289,818.52 $ 37,743.97 $ 252,074.55 $ 3,988,821.19
6 $ 298,513.07 $ 35,500.51 $ 263,012.57 $ 3,725,808.62
7 $ 307,468.47 $ 33,159.70 $ 274,308.77 $ 3,451,499.85
8 $ 316,692.52 $ 30,718.35 $ 285,974.17 $ 3,165,525.68
9 $ 326,193.30 $ 28,173.18 $ 298,020.12 $ 2,867,505.56
10 $ 335,979.09 $ 25,520.80 $ 310,458.30 $ 2,557,047.27
11 $ 346,058.47 $ 22,757.72 $ 323,300.75 $ 2,233,746.52
12 $ 356,440.22 $ 19,880.34 $ 336,559.88 $ 1,897,186.64
13 $ 367,133.43 $ 16,884.96 $ 350,248.47 $ 1,546,938.18
14 $ 378,147.43 $ 13,767.75 $ 364,379.68 $ 1,182,558.49
15 $ 389,491.85 $ 10,524.77 $ 378,967.08 $ 803,591.41
16 $ 401,176.61 $ 7,151.96 $ 394,024.65 $ 409,566.76
17 $ 413,211.91 $ 3,645.14 $ 409,566.76 $ 0.00
18
23
$ 20,000,000.00
P= 12 mensuales
n= 31% AV 2.28% MV
i= $ 80,000.00 decrecen
G= $ 2,341,936.93
A=
no 0 0 0 $ 20,000,000.00
0 $ 2,341,936.93 $ 455,146.94 $ 1,886,789.99 $ 18,113,210.01
1 $ 2,261,936.93 $ 412,208.61 $ 1,849,728.32 $ 16,263,481.69
2 $ 2,181,936.93 $ 370,113.70 $ 1,811,823.23 $ 14,451,658.46
3 $ 2,101,936.93 $ 328,881.41 $ 1,773,055.52 $ 12,678,602.93
4 $ 2,021,936.93 $ 288,531.37 $ 1,733,405.56 $ 10,945,197.37
5 $ 1,941,936.93 $ 249,083.66 $ 1,692,853.27 $ 9,252,344.10
6 $ 1,861,936.93 $ 210,558.81 $ 1,651,378.12 $ 7,600,965.97
7 $ 1,781,936.93 $ 172,977.82 $ 1,608,959.11 $ 5,992,006.86
8 $ 1,701,936.93 $ 136,362.18 $ 1,565,574.75 $ 4,426,432.11
9 $ 1,621,936.93 $ 100,733.85 $ 1,521,203.08 $ 2,905,229.03
10 $ 1,541,936.93 $ 66,115.31 $ 1,475,821.62 $ 1,429,407.41
11 $ 1,461,936.93 $ 32,529.52 $ 1,429,407.41 $ -
12
24
18 mensuales
n= $ 35,000,000.00
P= $ 5,000,000.00
CI= 1.62% MV
i= $ 1,500,000.00
A= $ 464,296.48
G=

no $ 5,000,000.00 0 $ 5,000,000.00 $ 30,000,000.00
0 $ 1,500,000.00 $ 486,000.00 $ 1,014,000.00 $ 28,986,000.00
1 $ 1,964,296.48 $ 469,573.20 $ 1,494,723.28 $ 27,491,276.72
2 $ 1,964,296.48 $ 445,358.68 $ 1,518,937.80 $ 25,972,338.92
3 $ 1,964,296.48 $ 420,751.89 $ 1,543,544.59 $ 24,428,794.33
4 $ 1,964,296.48 $ 395,746.47 $ 1,568,550.01 $ 22,860,244.32
5 $ 1,964,296.48 $ 370,335.96 $ 1,593,960.52 $ 21,266,283.80
6 $ 1,964,296.48 $ 344,513.80 $ 1,619,782.68 $ 19,646,501.12
7 $ 1,964,296.48 $ 318,273.32 $ 1,646,023.16 $ 18,000,477.95
8 $ 1,964,296.48 $ 291,607.74 $ 1,672,688.74 $ 16,327,789.22
9 $ 1,964,296.48 $ 264,510.19 $ 1,699,786.29 $ 14,628,002.92
10 $ 1,964,296.48 $ 236,973.65 $ 1,727,322.83 $ 12,900,680.09
11 $ 1,964,296.48 $ 208,991.02 $ 1,755,305.46 $ 11,145,374.63
12 $ 1,964,296.48 $ 180,555.07 $ 1,783,741.41 $ 9,361,633.21
13 $ 1,964,296.48 $ 151,658.46 $ 1,812,638.02 $ 7,548,995.19
14 $ 1,964,296.48 $ 122,293.72 $ 1,842,002.76 $ 5,706,992.43
15 $ 1,964,296.48 $ 92,453.28 $ 1,871,843.20 $ 3,835,149.23
16 $ 1,964,296.48 $ 62,129.42 $ 1,902,167.06 $ 1,932,982.17
17 $ 1,964,296.48 $ 31,314.31 $ 1,932,982.17 $ -
18
25
$ 40,000,000.00
P= 48 mensuales
n= 35% NSV
i= $ 2,798,243.00
A=
J=
26
12 mensuales
n= $ 20,000.00 decrecen
G= 1.30% MV
i= $ 700,000.00
A=
$ 6,550,321.82
P=

no 0 0 0 $ 6,550,321.82
0 $ 700,000.00 $ 85,154.18 $ 614,845.82 $ 5,935,476.00
1 $ 680,000.00 $ 77,161.19 $ 602,838.81 $ 5,332,637.19
2 $ 660,000.00 $ 69,324.28 $ 590,675.72 $ 4,741,961.47
3 $ 640,000.00 $ 61,645.50 $ 578,354.50 $ 4,163,606.97
4 $ 620,000.00 $ 54,126.89 $ 565,873.11 $ 3,597,733.86
5 $ 600,000.00 $ 46,770.54 $ 553,229.46 $ 3,044,504.40
6 $ 580,000.00 $ 39,578.56 $ 540,421.44 $ 2,504,082.96
7 $ 560,000.00 $ 32,553.08 $ 527,446.92 $ 1,976,636.04
8 $ 540,000.00 $ 25,696.27 $ 514,303.73 $ 1,462,332.30
9 $ 520,000.00 $ 19,010.32 $ 500,989.68 $ 961,342.62
10 $ 500,000.00 $ 12,497.45 $ 487,502.55 $ 473,840.08
11 $ 480,000.00 $ 6,159.92 $ 473,840.08 $ -
12
27
$ 15,000,000.00
P= 2% MV
i= $ 708,629.00
A= $ 8,000.00
G=
no
no se puede hacer con tabla, y no se como es
28
$ 80,000,000.00
P= $ 12,000,000.00 15%
CI= 5 años 60 mensuales
n= 1.50% creciente
J= 2% MV A= $ 1,331,506.09
i=
no $ 12,000,000.00 0 $ 12,000,000.00 $ 68,000,000.00
0 $ 1,331,506.09 $ 1,360,000.00 $ (28,493.91) $ 68,028,493.91
1 $ 1,351,478.68 $ 1,360,569.88 $ (9,091.19) $ 68,037,585.10
2 $ 1,371,750.86 $ 1,360,751.70 $ 10,999.16 $ 68,026,585.94
3 $ 1,392,327.13 $ 1,360,531.72 $ 31,795.41 $ 67,994,790.53
4 $ 1,413,212.03 $ 1,359,895.81 $ 53,316.22 $ 67,941,474.31
5 $ 1,434,410.21 $ 1,358,829.49 $ 75,580.73 $ 67,865,893.58
6 $ 1,455,926.37 $ 1,357,317.87 $ 98,608.50 $ 67,767,285.08
7 $ 1,477,765.26 $ 1,355,345.70 $ 122,419.56 $ 67,644,865.52
8 $ 1,499,931.74 $ 1,352,897.31 $ 147,034.43 $ 67,497,831.09
9 $ 1,522,430.72 $ 1,349,956.62 $ 172,474.10 $ 67,325,356.99
10 $ 1,545,267.18 $ 1,346,507.14 $ 198,760.04 $ 67,126,596.95
11 $ 1,568,446.19 $ 1,342,531.94 $ 225,914.25 $ 66,900,682.70
12 $ 1,591,972.88 $ 1,338,013.65 $ 253,959.23 $ 66,646,723.48
13 $ 1,615,852.47 $ 1,332,934.47 $ 282,918.00 $ 66,363,805.47
14 $ 1,640,090.26 $ 1,327,276.11 $ 312,814.15 $ 66,050,991.32
15 $ 1,664,691.61 $ 1,321,019.83 $ 343,671.79 $ 65,707,319.53
16 $ 1,689,661.99 $ 1,314,146.39 $ 375,515.60 $ 65,331,803.94
17 $ 1,715,006.92 $ 1,306,636.08 $ 408,370.84 $ 64,923,433.10
18 $ 1,740,732.02 $ 1,298,468.66 $ 442,263.36 $ 64,481,169.74
19 $ 1,766,843.00 $ 1,289,623.39 $ 477,219.61 $ 64,003,950.13
20 $ 1,793,345.65 $ 1,280,079.00 $ 513,266.64 $ 63,490,683.48
21 $ 1,820,245.83 $ 1,269,813.67 $ 550,432.16 $ 62,940,251.32
22 $ 1,847,549.52 $ 1,258,805.03 $ 588,744.49 $ 62,351,506.83
23 $ 1,875,262.76 $ 1,247,030.14 $ 628,232.63 $ 61,723,274.20
24 $ 1,903,391.70 $ 1,234,465.48 $ 668,926.22 $ 61,054,347.98
25 $ 1,931,942.58 $ 1,221,086.96 $ 710,855.62 $ 60,343,492.36
26 $ 1,960,921.72 $ 1,206,869.85 $ 754,051.87 $ 59,589,440.49
27 $ 1,990,335.54 $ 1,191,788.81 $ 798,546.73 $ 58,790,893.76
28 $ 2,020,190.58 $ 1,175,817.88 $ 844,372.70 $ 57,946,521.05
29 $ 2,050,493.44 $ 1,158,930.42 $ 891,563.01 $ 57,054,958.04
30 $ 2,081,250.84 $ 1,141,099.16 $ 940,151.68 $ 56,114,806.36
31 $ 2,112,469.60 $ 1,122,296.13 $ 990,173.47 $ 55,124,632.89
32 $ 2,144,156.64 $ 1,102,492.66 $ 1,041,663.99 $ 54,082,968.91
33 $ 2,176,318.99 $ 1,081,659.38 $ 1,094,659.62 $ 52,988,309.29
34 $ 2,208,963.78 $ 1,059,766.19 $ 1,149,197.59 $ 51,839,111.70
35 $ 2,242,098.24 $ 1,036,782.23 $ 1,205,316.00 $ 50,633,795.70
36 $ 2,275,729.71 $ 1,012,675.91 $ 1,263,053.79 $ 49,370,741.90
37 $ 2,309,865.65 $ 987,414.84 $ 1,322,450.82 $ 48,048,291.09
38 $ 2,344,513.64 $ 960,965.82 $ 1,383,547.82 $ 46,664,743.27
39 $ 2,379,681.34 $ 933,294.87 $ 1,446,386.48 $ 45,218,356.79
40 $ 2,415,376.56 $ 904,367.14 $ 1,511,009.43 $ 43,707,347.36
41 $ 2,451,607.21 $ 874,146.95 $ 1,577,460.26 $ 42,129,887.10
42 $ 2,488,381.32 $ 842,597.74 $ 1,645,783.58 $ 40,484,103.52
43 $ 2,525,707.04 $ 809,682.07 $ 1,716,024.97 $ 38,768,078.55
44 $ 2,563,592.65 $ 775,361.57 $ 1,788,231.07 $ 36,979,847.47
45 $ 2,602,046.54 $ 739,596.95 $ 1,862,449.59 $ 35,117,397.89
46 $ 2,641,077.23 $ 702,347.96 $ 1,938,729.28 $ 33,178,668.61
47 $ 2,680,693.39 $ 663,573.37 $ 2,017,120.02 $ 31,161,548.59
48 $ 2,720,903.79 $ 623,230.97 $ 2,097,672.82 $ 29,063,875.77
49 $ 2,761,717.35 $ 581,277.52 $ 2,180,439.83 $ 26,883,435.94
50 $ 2,803,143.11 $ 537,668.72 $ 2,265,474.39 $ 24,617,961.55
51 $ 2,845,190.26 $ 492,359.23 $ 2,352,831.03 $ 22,265,130.52
52 $ 2,887,868.11 $ 445,302.61 $ 2,442,565.50 $ 19,822,565.02
53 $ 2,931,186.13 $ 396,451.30 $ 2,534,734.83 $ 17,287,830.19
54 $ 2,975,153.92 $ 345,756.60 $ 2,629,397.32 $ 14,658,432.87
55 $ 3,019,781.23 $ 293,168.66 $ 2,726,612.58 $ 11,931,820.29
56 $ 3,065,077.95 $ 238,636.41 $ 2,826,441.55 $ 9,105,378.75
57 $ 3,111,054.12 $ 182,107.57 $ 2,928,946.55 $ 6,176,432.20
58 $ 3,157,719.93 $ 123,528.64 $ 3,034,191.29 $ 3,142,240.91
59 $ 3,205,085.73 $ 62,844.82 $ 3,142,240.91 $ 0.00
60
29
24 mensuales
n= $ 30,000.00 creciente
G= $ 200,000.00
A= 1.70% MV
i=
$ 10,194,154.46
P=

no 0 0 0 $ 10,194,154.46
0 $ 200,000.00 $ 173,300.63 $ 26,699.37 $ 10,167,455.09
1 $ 230,000.00 $ 172,846.74 $ 57,153.26 $ 10,110,301.83
2 $ 260,000.00 $ 171,875.13 $ 88,124.87 $ 10,022,176.96
3 $ 290,000.00 $ 170,377.01 $ 119,622.99 $ 9,902,553.96
4 $ 320,000.00 $ 168,343.42 $ 151,656.58 $ 9,750,897.38
5 $ 350,000.00 $ 165,765.26 $ 184,234.74 $ 9,566,662.64
6 $ 380,000.00 $ 162,633.26 $ 217,366.74 $ 9,349,295.90
7 $ 410,000.00 $ 158,938.03 $ 251,061.97 $ 9,098,233.93
8 $ 440,000.00 $ 154,669.98 $ 285,330.02 $ 8,812,903.91
9 $ 470,000.00 $ 149,819.37 $ 320,180.63 $ 8,492,723.28
10 $ 500,000.00 $ 144,376.30 $ 355,623.70 $ 8,137,099.57
11 $ 530,000.00 $ 138,330.69 $ 391,669.31 $ 7,745,430.26
12 $ 560,000.00 $ 131,672.31 $ 428,327.69 $ 7,317,102.58
13 $ 590,000.00 $ 124,390.74 $ 465,609.26 $ 6,851,493.32
14 $ 620,000.00 $ 116,475.39 $ 503,524.61 $ 6,347,968.71
15 $ 650,000.00 $ 107,915.47 $ 542,084.53 $ 5,805,884.18
16 $ 680,000.00 $ 98,700.03 $ 581,299.97 $ 5,224,584.21
17 $ 710,000.00 $ 88,817.93 $ 621,182.07 $ 4,603,402.14
18 $ 740,000.00 $ 78,257.84 $ 661,742.16 $ 3,941,659.98
19 $ 770,000.00 $ 67,008.22 $ 702,991.78 $ 3,238,668.20
20 $ 800,000.00 $ 55,057.36 $ 744,942.64 $ 2,493,725.55
21 $ 830,000.00 $ 42,393.33 $ 787,606.67 $ 1,706,118.89
22 $ 860,000.00 $ 29,004.02 $ 830,995.98 $ 875,122.91
23 $ 890,000.00 $ 14,877.09 $ 875,122.91 $ 0.00
24
30
AÑO 0 AÑO 1 AÑO 2 AÑO 3

$ (8,000,000.00) $ 1,000,000.00 $ 3,000,000.00 $ 5,000,000.00
i= 13% AV
VPN= ($ 1,300,353.39)
TIR= 4.96% AV
31
no valor AÑO 1 =
0 -$ 75,000,000.00 AÑO 2 =
1 $ 1,850,000.00 AÑO 3 =
2 $ 1,850,000.00
3 $ 1,850,000.00 VALOR DE LA TRACTOMULA=
4 $ 1,850,000.00
5 $ 1,850,000.00
6 -$ 73,150,000.00 MANTENIMIENTO=
7 $ 1,850,000.00
8 $ 1,850,000.00
9 $ 1,850,000.00
10 $ 1,850,000.00
11 $ 1,850,000.00
12 -$ 150,000.00
13 $ 1,930,000.00
14 $ 1,930,000.00
15 $ 1,930,000.00
16 $ 1,930,000.00
17 $ 1,930,000.00
18 $ 1,930,000.00
19 $ 1,930,000.00
20 $ 1,930,000.00
21 $ 1,930,000.00
22 $ 1,930,000.00
23 $ 1,930,000.00
24 -$ 70,000.00
25 $ 2,380,000.00
26 $ 2,380,000.00
27 $ 2,380,000.00
28 $ 2,380,000.00
29 $ 2,380,000.00
30 $ 2,380,000.00
31 $ 2,380,000.00
32 $ 2,380,000.00
33 $ 2,380,000.00 -$ 89,783,292.73
34 $ 2,380,000.00 $ 133,118,106.05
35 $ 2,380,000.00
36 $ 380,000.00
32
AÑO 0 AÑO 1 AÑO 2 AÑO 3

-2000 1000 1000 1000
A -2000 2100 200 200
B
i= 5% AV
A= 37.05%
B= Err:523
i= 11%
0.87%
33
no ingresos costos valor neto
0 $ - -$ 37,000,000.00
1 $ 15,000,000.00 $ 10,674,000.00 $ 4,326,000.00
2 $ 15,000,000.00 $ 10,674,000.00 $ 4,326,000.00
3 $ 15,000,000.00 $ 10,674,000.00 $ 4,326,000.00
4 $ 15,000,000.00 $ 10,674,000.00 $ 4,326,000.00
5 $ 15,000,000.00 $ 10,674,000.00 $ 4,326,000.00
6 $ 15,000,000.00 $ 10,674,000.00 $ 4,326,000.00
7 $ 15,000,000.00 $ 10,674,000.00 $ 4,326,000.00
8 $ 15,000,000.00 $ 10,674,000.00 $ 4,326,000.00
9 $ 15,000,000.00 $ 10,674,000.00 $ 4,326,000.00
10 $ 15,000,000.00 $ 10,674,000.00 $ 4,326,000.00
11 $ 15,000,000.00 $ 10,674,000.00 $ 4,326,000.00
12 $ 15,000,000.00 $ 10,674,000.00 $ 4,326,000.00
VNP= $ 12,081,011.82
A= $ 1,064,820.29
$ 13,935,179.71
34
no valor
0 -$ 32,000,000.00 -$ 80,000,000.00
1 $ 110,000,000
2 -$ 48,000,000.00
i= 8% AV
vpn= $ 28,699,588.48
35
no valor
0 -$ 38,000,000.00
1 $ 1,300,000.00
2 $ 1,300,000.00
3 $ 1,300,000.00
4 $ 1,300,000.00
5 $ 1,300,000.00
6 $ -
7 $ 5,000,000.00
8 $ -
9 $ -
10 $ 12,000,000.00
11 $ -
12 $ -
13 $ 2,280,000.00
14 $ 2,280,000.00
15 $ 2,280,000.00
16 $ 2,280,000.00
17 $ 2,280,000.00
18 $ 2,280,000.00
19 $ -
20 $ -
21 $ -
22 $ -
23 $ -
24 $ 8,000,000.00
TIR= 1.4%
i= 8% AV
36
no ingresos costos valor neto
0 $ - $ - -$ 600,000.00
1 $ 100,000.00 $ 50,000.00 $ 50,000.00
2 $ 200,000.00 $ 60,000.00 $ 140,000.00
3 $ 300,000.00 $ 65,000.00 $ 235,000.00
4 $ 300,000.00 $ 65,000.00 $ 235,000.00
VPN= -$ 74,393.68 no es conveniente
37
no valor
0 -$ 300,000.00
1 $ 150,000.00
2 $ 150,000.00
3 $ 160,000.00
TIR= 24.54%
i= 5% MV
38
no valor
0 -$ 8,000,000.00
1 $ 830,000.00
2 $ 830,000.00
3 $ 830,000.00
4 $ 830,000.00
5 $ 830,000.00
6 $ 830,000.00
7 $ 830,000.00
8 $ 830,000.00
9 $ 830,000.00
10 $ 830,000.00
11 $ 830,000.00
12 $ 5,830,000.00
VPN= $ 2,140,685.95
TIR= 8.45%
39
no valor G=
0 -$ 50,000,000.00
1 -$ 500,000.00
2 -$ 520,000.00
3 -$ 540,000.00
4 -$ 560,000.00
5 -$ 580,000.00
6 -$ 600,000.00
7 -$ 620,000.00
8 -$ 640,000.00
9 -$ 660,000.00
10 $ 69,320,000.00
TIR= 2.41% AV
40
no valor
0 -$ 26,000,000.00
1 $ 1,000,000.00
2 $ 1,000,000.00
3 $ 1,000,000.00
4 $ 1,000,000.00
5 $ 16,000,000.00
i= 18%
VPN= -$ 16,316,190.74
MV
$ 841,679.99
P= $ 282,460.23
$ 26,864.62
$ 114,066.83
$ 228,133.66
interes amortizacion
no cuota 0 $ 12,600,000.00
0 $ 12,600,000.00 $ 2,553,380.92 $ 400,204.39
1 $ 2,953,585.31 $ 2,518,623.29 $ 434,962.02
2 $ 2,953,585.31 $ 2,480,846.98 $ 472,738.33
3 $ 2,953,585.31 $ 2,439,789.80 $ 513,795.51
4 $ 2,953,585.31 $ 2,395,166.82 $ 558,418.49
5 $ 2,953,585.31 $ 2,346,668.34 $ 606,916.97
6 $ 2,953,585.31 $ 2,293,957.79 $ 659,627.52
7 $ 2,953,585.31 $ 2,236,669.34 $ 716,915.97
8 $ 2,953,585.31 $ 2,174,405.41 $ 779,179.90
9 $ 2,953,585.31 $ 2,106,733.88 $ 846,851.43
10 $ 2,953,585.31 $ 2,033,185.10 $ 920,400.21
11 $ 2,953,585.31 $ 1,953,248.62 $ 1,000,336.69
12 $ 2,953,585.31 $ 1,866,369.69 $ 1,087,215.62
13 $ 2,953,585.31 $ 1,771,945.35 $ 1,181,639.96
14 $ 2,953,585.31 $ 1,669,320.28 $ 1,284,265.03
15 $ 2,953,585.31 $ 1,557,782.26 $ 1,395,803.05
16 $ 2,953,585.31 $ 1,436,557.20 $ 1,517,028.11
17 $ 2,953,585.31 $ 1,304,803.77 $ 1,648,781.54
18 $ 2,953,585.31 $ 1,161,607.61 $ 1,791,977.70
19 $ 2,953,585.31 $ 1,005,974.90 $ 1,947,610.41
20 $ 2,953,585.31 $ 836,825.53 $ 2,116,759.78
21 $ 2,953,585.31 $ 652,985.60 $ 2,300,599.71
22 $ 2,953,585.31 $ 453,179.23 $ 2,500,406.08
23 $ 2,953,585.31 $ 236,019.73 $ 2,717,565.58
24 $ 2,953,585.31
$ 2,083,333.33
$ 1.00
cuota=
A=
$ 7,086,947.12
$ 1,850,000.00
$ 1,930,000.00 $ 150,000,000.00
$ 2,380,000.00
LA TRACTOMULA=
$ 2,000,000.00
AÑO 4
1000
200
AV
MV
$ 20,000.00
saldo
$ 29,400,000.00
$ 28,999,795.61
$ 28,564,833.59
$ 28,092,095.26
$ 27,578,299.75
$ 27,019,881.25
$ 26,412,964.28
$ 25,753,336.76
$ 25,036,420.80
$ 24,257,240.90
$ 23,410,389.47
$ 22,489,989.26
$ 21,489,652.57
$ 20,402,436.95
$ 19,220,796.99
$ 17,936,531.96
$ 16,540,728.91
$ 15,023,700.80
$ 13,374,919.26
$ 11,582,941.56
$ 9,635,331.15
$ 7,518,571.37
$ 5,217,971.66
$ 2,717,565.58
$ 0.00
i= 10%
0 1 2 3
-$ 65,000.00 $ 20,000.00 $ 30,000.00 $ 50,000.00
VPN= -$ 65,000.00 + $ 18,181.82 $ 24,793.39 $ 37,565.74
VPN= -$ 65,000.00 + $ 80,540.95
VPN= $ 15,540.95
VPN= $ 15,540.95
VPN= $ 10,437.24 ES CON VNA=

VALOR NETO ACTUAL, PARA
TRAER TODOS LOS VALORES
FUTUROS A MI FECHA FOCAL
QUE ES 0
VPN= $ 16,631.94
TASA INTERNA DE RETORNO TIR
0 1 2 3 4
-50000 15000 20000 45000 45000
TIR= 38.95% AV
% 0 1 2 3 4
A 30.00% -95000.00 75000.00 80000.00 80000.00 90000.00
B 30.00% -60000.00 60000.00 65000.00 55000.00 50000.00
C 30.00% -55000.00 60000.00 60000.00 60000.00 60000.00
D 35.00% -60000.00 50000.00 45000.00 50000.00 85000.00
VPN= $ 77,954.38 TIR= 73.55%

$ 67,155.91 92.61%
$ 74,974.44 102.62%
$ 47,641.30 77.43%

Matematicas Financieras

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p= $ 2,000,000.

A= $ 816,974.87 con formula

no. Cuota Interes Amortizacion

con funcion financiera

no. Cuota Interes Amortizacion

FUNCION BUSCAR OBJETIVO

P= $ 16,935,542.12 VALOR ARBITRARIO

no. Cuota Interes Amortizacion

con funcion financiera

no. Cuota Interes Amortizacion

funcion buscar objetivo

no. Cuota Interes Amortizacion

con funcion financiera

no. Deposito Interes Ahorro

no. Deposito Interes Ahorro

CON FUNCION FINANCIERA

con funcion financiera

con buscar objetivo

no. Deposito Interes Ahorro

con formula saldo insoluto

no. Cuota Interes Amortizacion

no. Cuota Interes Amortizacion

TABLA DE AMORTIZACION (BUSCAR OBJETIVO)

no. Cuota Interes Amortizacion

con funcion financiera P=

no. Cuota Interes Amortizacion

no. Cuota Interes Amortizacion

no. Cuota Interes Amortizacion

b.) CI= $ 5,000,000.00

EJERCICIOS CALCULO VARIABLES N , i

con funcion financiera

no deposito interes ahorro

no cuota interes amortizacion

A= $ 525,344.01 cuota bimestral

suponiendo que es anticipada

ANUALIDAD DIFERIDA Y PERPETUA

FUTUROS ANUALIDAD DIFERIDA

GRADIENTE LINEAL CRECIENTE

Valor primera cuota= $ 1,825,184.25

GRADIENTE LINEAL DECRECIENTE

GRADIENTE GEOMETRICO CRECIENTE

no cuota interes amortizacion

no deposito interes ahorro

Gradiente Geométrico decreciente

no cuota interes amortizacion

RELACION BENEFICIO / COSTO

AÑO 0 AÑO 1 AÑO 2

$ 3,317,664.87 $ 500,000.00 $ 3,817,664.87

interes amortizacion saldo

interes amortizacion saldo

VALOR CUOTA 180 CON FORMULA = $ 1,225,896.71

Valor cuota 6= $ 451,960.40

AÑO 3 AÑO 4 AÑO 5

nativas me da un costo anual mas pequeño)

AÑO 3 AÑO 4 AÑO 5

Cuota Interes Amortizacion

Cuota Interes Amortizacion

Cuota Interes Amortizacion

Cuota Interes Amortizacion

interes amortizacion saldo

interes amortizacion saldo

interes amortizacion saldo

interes ahorro saldo