Life is ten percent what happens to you, and ni

Clase de Octubre 31_2020

Fundamentos de Economía
Aspectos teóricos
Evaluación (2da nota del 60%) - Evaluación de proyectos

A pessimist sees the difficulty in every opportunity; an optimist sees the o

Working Hard is important, but there is something that matters ev

Everyone goes through adversity in life, but what matte

I want to live my life so that my nights are not full of re

All our dreams can come true, if we have the courage t

Success occurs when your dreams get bigger than your

Winners… are not those who never fail, but those who

The future belongs to those who believe in the beauty

Eleanor Roosevelt

Live as if you were to die tomorrow. Learn as if you we

Mahatma Gandhi

It is a wasted day, unless you have learned something n

Don't judge each day by the harvest you reap, but by th

The future belongs to those who believe in the beauty of the

Eleanor Roosevelt

Great minds have purposes; others have wishes.

Esta foto de Autor desconocido está bajo licencia CC BY-SA-NC
Crédito a 10 años $ 140,000,000
UVR 274.58
UVRs prestados 509,870 Puntos 1 20%

Tasa de interés (UVR + 14% EA) 2.8 80% 2.24

3.24
Caso 1 Taller ingeniería económica 3 Caso 3
Valor hoy 750,000 (VF) Vr del préstamo
inflación 8.25% (Tasa) Tasa
Valor hace un año ?? (VP) $ 692,841 Inflación
VF = VP (+i) Paso 1:
VP = VF /(1+i) Paso 2:
Paso 3:
Inflación anual
Tasa compuesta o tasa combinada: "tf":
tf = (1+i)*(1+f)-1

Ecuación de Fisher: tf = i + f + if
i = tasa real
f = tasa de inflación
 Caso 5
750,000 Inverisón inicial
10% Tasa del banco
6.50% Inflación
VF con tasa de interés 825,000 VF = VP (+i) Paso 1
VF con inflación 878,625 VF = VP (+i) Hallar VF de la inversión
Hallar la tasa 17.15% i = VF/VP -1 Paso 2
Hallar VF por inflación
ompuesta o tasa combinada: "tf": Tasa ajustada por inflación Paso 3
17.15% Hallar i considerando VF por inflación
i = VF / VP -1
ción de Fisher: tf = i + f + if 17.15% i (Tasa real) =
Por ecuación de Fisher:
a de inflación
 Ejemplo adicional
100,000 Tasa actual DTF 2.50%
10% Inflación 1.88%
7%
Tasa real i = (tf-f) / (1+f)
110,000 i= 0.61%

107,000 Equivalente futuro de 100.000 10,000,000

VF inversión 10,250,000.00
ando VF por inflación VF por inflción 10,188,000.00
i = 110.000/107.000-1 i= 0.61%
2.80%
tf = i + f + if
i +if = tf -f
i(1+f) = tf - f
i = (tf-f) / (1+f)
i = (0,10 - 0,07) / (1+0,07)
2.80%
Caso 7 Caso 9
Precio de compra 50,000 Precio de compra 100,000
Inflación esperada 9% Inflación
Tasa real deseada 12% Agosto de 2015 fecha de la compra
Precio de venta? 50.000 * (1+0,09) * (1,12) Agosto de 2016 8.10% 108,100
Precio de venta? 61,040 Agosto de 2017 3.87% 112,283
Agosto de 2018 3.10% 115,764
Por ecuación de fisher Agosto de 2019 3.75% 120,105
tf = i + f + if 22.08% Agosto de 2020 1.88% 122,363
VF 61,040
VF = 100.000 (10810) (1,0387) (1, 031) (1,0375) (1,0188) =
 Caso 11 Caso 13
tf = i + f + if Td = i + d + id
i= 5% i= 10%
f 7.50% d 5.00%
tf = 12.88% td = 15.50%
Precio de compra 50,472 Ejemplo
Precio de venta 56,970 Precio del dólar 3,700.0
Valor del préstamo en dólares $ 50,000
Pasos
1 Vender dólares
5) (1,0188) = 122,363 2 VF del préstamo
3 VF del dólar
4 Compra dólares
5 Tasa= 213-675.000/185.000.0
 185,000,000 Pesos recibidos hoy
50.000* (1+0,1) $ 55,000
3700*(1+0,05) 3,885.00
55000*3.885 213,675,000 Pesos que paga
213-675.000/185.000.000 -1 15.50%
Caso 2 Caso 4
Valor inicial 90,000 Valor hace un año 810,000
inflación 2017 3.50% Valor de venta hoy 1,000,000

2018 4.50% Tasa real (i) ???

2019 6.80% Inflación anual al mes de agosto 8.80% f

Valor Futuro 103,961

Rentabilidad = i = VF / VP -1 23.46% tf

tf = i + f + if
Tasa real (i) i = (tf-f) / (1+f)
i (tasa real) = 13.47%

881,280
13.47%
Caso 6 Caso 8
Rentabilidad ganada 8.50% (tf) Valor hace un año 490,000
Tasa real 2.30% (i) Valor de venta hoy 509,600

Tasa de inflación ? 6.06% Tasa real (i) ???

Inflación anual al mes de agosto 1.88% f
tf = i + f + if
Rentabilidad = i = VF / VP -1 4.00% tf
f = (tf - i) / (1+i)
tf = i + f + if
Tasa real (i) i = (tf-f) / (1+f)
i (tasa real) = 2.08%
Caso 10 Caso 15
Abril de 2019 40,000 Tasa de interés en dólares
Febrero de 2020 44,500 Devaluación

Inflación desde Apr-19 td = i + d + id

hasta Apr-20 td = tasa cominada con devaluación

Inflación anual 3.86% al 31 de marzo de 2020 i = tasa real de intrereés

d = devaluación
Rentabilidad total 11.25% Rentabilidad ganada

i = (tf-f) / (1+f) 7.12% Ejemplo

Inversión en pesos
Dólar hoy
Pasos:
1. Comprar dólares
2. VF de la inversión
3. VF del dólar
4. Vender los dólares
5. Rentabilidad ganada
 Caso 17
3% Tasa de usura septiembre 27.53% EA
5% Tasa periódica (i) i = (1 + EA ) ^ (1/N) -1

Nper
a con devaluación Tasa mensual 12 2.05%

Tasa trimestral 4 6.27%

Tasa semestral 2 12.93%
8.15%

Ejemplos adicionales:
$ 1,000,000 10% mensual
$ 3,800 EA = (1+i) ^N - 1 213.84%

263.16 Préstamo $ 1,000,000

271.05 Cuotas diarias por valor de $ 20,000
$ 3,990 Número de cuotas 60
$ 1,081,500 Tasa diaria 0.62%
8.15% i = VF/VP -1 EA = (1+i) ^N - 1 848.77%
Caso 19
DTF 8.02%
Tasa 12%

(a) Tasa compuesta 20.98% EA

(b) tasa trimestral Tasa periódica (i) i = (1 + EA ) ^ (1/N) -1

4.88%
Valor del préstamo $ 500,000
(b) intereses a pagar $ 24,385
 UVR 274.56
Préstamo hoy $ 150,000,000 Meses Vr UVR
Plazo en años 15 0 274.6
Plazo en meses 180 1 275.4
Tasa de interés = (12% EA + inflación) = (12% ea + UVR) 2 276.2
TASA EA 12% 3 277.0
Inflación mensual esperada 0.30% 4 277.9
5 278.7
Paso 1: Calcular el valor del crédito en unidades UVR:  6 279.5
UVRs = 546,329 7 280.4
Paso 2: Calcular la tasa mensual del crédito en UVR: 8 281.2
Tasa mensual i = (1+EA)^(1/12)-1 0.95% 9 282.1
Paso 3: Calcular el valor de los pagos uniformes mensuales en UVR  10 282.9
Con función pago 6,343 UVRs mensuales 11 283.8
Paso 4: Elaborar la tabla de amortización: 12 284.6
Paso 5: Tasa de interés en $= i + f + if 1.25% 13 285.5
14 286.3
15 287.2
16 288.0
17 288.9
18 289.8
19 290.6
20 291.5
21 292.4
22 293.3
23 294.1
24 295.0
25 295.9
26 296.8
27 297.7
28 298.6
29 299.5
30 300.4
31 301.3
32 302.2
33 303.1
34 304.0
35 304.9
36 305.8
37 306.7
38 307.7
39 308.6
40 309.5
41 310.4
42 311.4
43 312.3
44 313.2
45 314.2
46 315.1
47 316.1
48 317.0
49 318.0
50 318.9
51 319.9
52 320.8
53 321.8
54 322.8
55 323.7
56 324.7
57 325.7
58 326.7
59 327.6
60 328.6
61 329.6
62 330.6
63 331.6
64 332.6
65 333.6
66 334.6
67 335.6
68 336.6
69 337.6
70 338.6
71 339.6
72 340.6
73 341.7
74 342.7
75 343.7
76 344.8
77 345.8
78 346.8
79 347.9
80 348.9
81 350.0
82 351.0
83 352.1
84 353.1
85 354.2
86 355.2
 87 356.3
88 357.4
89 358.4
90 359.5
91 360.6
92 361.7
93 362.8
94 363.9
95 364.9
96 366.0
97 367.1
98 368.2
99 369.3
100 370.5
101 371.6
102 372.7
103 373.8
104 374.9
105 376.0
106 377.2
107 378.3
108 379.4
109 380.6
110 381.7
111 382.9
112 384.0
113 385.2
114 386.3
115 387.5
116 388.6
117 389.8
118 391.0
119 392.1
120 393.3
121 394.5
122 395.7
123 396.9
124 398.1
125 399.3
126 400.5
127 401.7
128 402.9
129 404.1
130 405.3
131 406.5
132 407.7
133 408.9
134 410.2
135 411.4
136 412.6
137 413.9
138 415.1
139 416.4
140 417.6
141 418.9
142 420.1
143 421.4
144 422.6
145 423.9
146 425.2
147 426.5
148 427.7
149 429.0
150 430.3
151 431.6
152 432.9
153 434.2
154 435.5
155 436.8
156 438.1
157 439.4
158 440.7
159 442.1
160 443.4
161 444.7
162 446.1
163 447.4
164 448.7
165 450.1
166 451.4
167 452.8
168 454.1
169 455.5
170 456.9
171 458.2
172 459.6
173 461.0
174 462.4
175 463.8
176 465.2
177 466.6
178 468.0
179 469.4
180 470.8
 Tabla de amortización - Método 1
Pago en UVRs Pagos $ Interes $ Capital $ Saldo $ Meses
Pago constante $ 150,000,000 0
6,343 $ 1,746,705 $ 1,877,589 -$ 130,883 $ 150,130,883 1
6,343 $ 1,751,946 $ 1,879,227 -$ 127,282 $ 150,258,165 2
6,343 $ 1,757,201 $ 1,880,820 -$ 123,619 $ 150,381,784 3
6,343 $ 1,762,473 $ 1,882,368 -$ 119,895 $ 150,501,679 4
6,343 $ 1,767,760 $ 1,883,869 -$ 116,108 $ 150,617,787 5
6,343 $ 1,773,064 $ 1,885,322 -$ 112,258 $ 150,730,045 6
6,343 $ 1,778,383 $ 1,886,727 -$ 108,344 $ 150,838,389 7
6,343 $ 1,783,718 $ 1,888,083 -$ 104,365 $ 150,942,755 8
6,343 $ 1,789,069 $ 1,889,390 -$ 100,320 $ 151,043,075 9
6,343 $ 1,794,436 $ 1,890,645 -$ 96,209 $ 151,139,284 10
6,343 $ 1,799,820 $ 1,891,850 -$ 92,030 $ 151,231,314 11
6,343 $ 1,805,219 $ 1,893,002 -$ 87,782 $ 151,319,096 12
6,343 $ 1,810,635 $ 1,894,100 -$ 83,466 $ 151,402,562 13
6,343 $ 1,816,067 $ 1,895,145 -$ 79,078 $ 151,481,640 14
6,343 $ 1,821,515 $ 1,896,135 -$ 74,620 $ 151,556,260 15
6,343 $ 1,826,979 $ 1,897,069 -$ 70,090 $ 151,626,350 16
6,343 $ 1,832,460 $ 1,897,946 -$ 65,486 $ 151,691,835 17
6,343 $ 1,837,958 $ 1,898,766 -$ 60,808 $ 151,752,644 18
6,343 $ 1,843,472 $ 1,899,527 -$ 56,056 $ 151,808,699 19
6,343 $ 1,849,002 $ 1,900,229 -$ 51,227 $ 151,859,926 20
6,343 $ 1,854,549 $ 1,900,870 -$ 46,321 $ 151,906,247 21
6,343 $ 1,860,113 $ 1,901,450 -$ 41,337 $ 151,947,584 22
6,343 $ 1,865,693 $ 1,901,967 -$ 36,274 $ 151,983,858 23
6,343 $ 1,871,290 $ 1,902,421 -$ 31,131 $ 152,014,989 24
6,343 $ 1,876,904 $ 1,902,811 -$ 25,907 $ 152,040,897 25
6,343 $ 1,882,535 $ 1,903,135 -$ 20,601 $ 152,061,497 26
6,343 $ 1,888,182 $ 1,903,393 -$ 15,211 $ 152,076,708 27
6,343 $ 1,893,847 $ 1,903,584 -$ 9,737 $ 152,086,445 28
6,343 $ 1,899,528 $ 1,903,705 -$ 4,177 $ 152,090,622 29
6,343 $ 1,905,227 $ 1,903,758 $ 1,469 $ 152,089,152 30
6,343 $ 1,910,943 $ 1,903,739 $ 7,203 $ 152,081,949 31
6,343 $ 1,916,676 $ 1,903,649 $ 13,026 $ 152,068,923 32
6,343 $ 1,922,426 $ 1,903,486 $ 18,939 $ 152,049,983 33
6,343 $ 1,928,193 $ 1,903,249 $ 24,944 $ 152,025,039 34
6,343 $ 1,933,977 $ 1,902,937 $ 31,041 $ 151,993,999 35
6,343 $ 1,939,779 $ 1,902,548 $ 37,231 $ 151,956,768 36
6,343 $ 1,945,599 $ 1,902,082 $ 43,516 $ 151,913,251 37
6,343 $ 1,951,435 $ 1,901,538 $ 49,898 $ 151,863,353 38
6,343 $ 1,957,290 $ 1,900,913 $ 56,377 $ 151,806,977 39
6,343 $ 1,963,162 $ 1,900,207 $ 62,954 $ 151,744,022 40
6,343 $ 1,969,051 $ 1,899,419 $ 69,632 $ 151,674,390 41
6,343 $ 1,974,958 $ 1,898,548 $ 76,411 $ 151,597,980 42
6,343 $ 1,980,883 $ 1,897,591 $ 83,292 $ 151,514,688 43
6,343 $ 1,986,826 $ 1,896,549 $ 90,277 $ 151,424,411 44
6,343 $ 1,992,786 $ 1,895,419 $ 97,368 $ 151,327,043 45
6,343 $ 1,998,765 $ 1,894,200 $ 104,565 $ 151,222,478 46
6,343 $ 2,004,761 $ 1,892,891 $ 111,870 $ 151,110,608 47
6,343 $ 2,010,775 $ 1,891,491 $ 119,285 $ 150,991,324 48
6,343 $ 2,016,808 $ 1,889,998 $ 126,810 $ 150,864,514 49
6,343 $ 2,022,858 $ 1,888,410 $ 134,448 $ 150,730,066 50
6,343 $ 2,028,927 $ 1,886,727 $ 142,199 $ 150,587,867 51
6,343 $ 2,035,013 $ 1,884,947 $ 150,066 $ 150,437,801 52
6,343 $ 2,041,118 $ 1,883,069 $ 158,049 $ 150,279,751 53
6,343 $ 2,047,242 $ 1,881,091 $ 166,151 $ 150,113,600 54
6,343 $ 2,053,383 $ 1,879,011 $ 174,373 $ 149,939,228 55
6,343 $ 2,059,544 $ 1,876,828 $ 182,715 $ 149,756,512 56
6,343 $ 2,065,722 $ 1,874,541 $ 191,181 $ 149,565,331 57
6,343 $ 2,071,919 $ 1,872,148 $ 199,771 $ 149,365,560 58
6,343 $ 2,078,135 $ 1,869,647 $ 208,488 $ 149,157,072 59
6,343 $ 2,084,370 $ 1,867,038 $ 217,332 $ 148,939,740 60
6,343 $ 2,090,623 $ 1,864,317 $ 226,305 $ 148,713,435 61
6,343 $ 2,096,895 $ 1,861,485 $ 235,410 $ 148,478,025 62
6,343 $ 2,103,185 $ 1,858,538 $ 244,647 $ 148,233,378 63
6,343 $ 2,109,495 $ 1,855,476 $ 254,019 $ 147,979,358 64
6,343 $ 2,115,823 $ 1,852,296 $ 263,527 $ 147,715,831 65
6,343 $ 2,122,171 $ 1,848,997 $ 273,173 $ 147,442,658 66
6,343 $ 2,128,537 $ 1,845,578 $ 282,959 $ 147,159,698 67
6,343 $ 2,134,923 $ 1,842,036 $ 292,887 $ 146,866,812 68
6,343 $ 2,141,328 $ 1,838,370 $ 302,958 $ 146,563,854 69
6,343 $ 2,147,752 $ 1,834,578 $ 313,174 $ 146,250,680 70
6,343 $ 2,154,195 $ 1,830,658 $ 323,537 $ 145,927,143 71
6,343 $ 2,160,657 $ 1,826,608 $ 334,050 $ 145,593,093 72
6,343 $ 2,167,139 $ 1,822,427 $ 344,713 $ 145,248,381 73
6,343 $ 2,173,641 $ 1,818,112 $ 355,529 $ 144,892,851 74
6,343 $ 2,180,162 $ 1,813,661 $ 366,500 $ 144,526,351 75
6,343 $ 2,186,702 $ 1,809,074 $ 377,628 $ 144,148,722 76
6,343 $ 2,193,262 $ 1,804,347 $ 388,915 $ 143,759,807 77
6,343 $ 2,199,842 $ 1,799,479 $ 400,363 $ 143,359,444 78
6,343 $ 2,206,442 $ 1,794,467 $ 411,974 $ 142,947,469 79
6,343 $ 2,213,061 $ 1,789,311 $ 423,750 $ 142,523,719 80
6,343 $ 2,219,700 $ 1,784,006 $ 435,694 $ 142,088,025 81
6,343 $ 2,226,359 $ 1,778,553 $ 447,807 $ 141,640,218 82
6,343 $ 2,233,038 $ 1,772,947 $ 460,091 $ 141,180,127 83
6,343 $ 2,239,737 $ 1,767,188 $ 472,549 $ 140,707,578 84
6,343 $ 2,246,457 $ 1,761,273 $ 485,183 $ 140,222,395 85
6,343 $ 2,253,196 $ 1,755,200 $ 497,996 $ 139,724,399 86
6,343 $ 2,259,956 $ 1,748,967 $ 510,989 $ 139,213,410 87
6,343 $ 2,266,736 $ 1,742,570 $ 524,165 $ 138,689,245 88
6,343 $ 2,273,536 $ 1,736,009 $ 537,526 $ 138,151,718 89
6,343 $ 2,280,356 $ 1,729,281 $ 551,075 $ 137,600,643 90
6,343 $ 2,287,197 $ 1,722,383 $ 564,814 $ 137,035,828 91
6,343 $ 2,294,059 $ 1,715,313 $ 578,746 $ 136,457,082 92
6,343 $ 2,300,941 $ 1,708,069 $ 592,872 $ 135,864,210 93
6,343 $ 2,307,844 $ 1,700,648 $ 607,196 $ 135,257,013 94
6,343 $ 2,314,768 $ 1,693,047 $ 621,720 $ 134,635,293 95
6,343 $ 2,321,712 $ 1,685,265 $ 636,447 $ 133,998,846 96
6,343 $ 2,328,677 $ 1,677,298 $ 651,379 $ 133,347,467 97
6,343 $ 2,335,663 $ 1,669,145 $ 666,518 $ 132,680,949 98
6,343 $ 2,342,670 $ 1,660,802 $ 681,868 $ 131,999,081 99
6,343 $ 2,349,698 $ 1,652,267 $ 697,431 $ 131,301,650 100
6,343 $ 2,356,747 $ 1,643,537 $ 713,210 $ 130,588,439 101
6,343 $ 2,363,817 $ 1,634,609 $ 729,208 $ 129,859,231 102
6,343 $ 2,370,909 $ 1,625,482 $ 745,427 $ 129,113,804 103
6,343 $ 2,378,022 $ 1,616,151 $ 761,871 $ 128,351,934 104
6,343 $ 2,385,156 $ 1,606,614 $ 778,541 $ 127,573,393 105
6,343 $ 2,392,311 $ 1,596,869 $ 795,442 $ 126,777,951 106
6,343 $ 2,399,488 $ 1,586,912 $ 812,575 $ 125,965,375 107
6,343 $ 2,406,686 $ 1,576,741 $ 829,945 $ 125,135,430 108
6,343 $ 2,413,906 $ 1,566,353 $ 847,554 $ 124,287,876 109
6,343 $ 2,421,148 $ 1,555,744 $ 865,405 $ 123,422,472 110
6,343 $ 2,428,412 $ 1,544,911 $ 883,501 $ 122,538,971 111
6,343 $ 2,435,697 $ 1,533,852 $ 901,845 $ 121,637,126 112
6,343 $ 2,443,004 $ 1,522,563 $ 920,441 $ 120,716,686 113
6,343 $ 2,450,333 $ 1,511,042 $ 939,291 $ 119,777,395 114
6,343 $ 2,457,684 $ 1,499,285 $ 958,399 $ 118,818,996 115
6,343 $ 2,465,057 $ 1,487,288 $ 977,769 $ 117,841,227 116
6,343 $ 2,472,452 $ 1,475,049 $ 997,403 $ 116,843,824 117
6,343 $ 2,479,870 $ 1,462,564 $ 1,017,305 $ 115,826,519 118
6,343 $ 2,487,309 $ 1,449,831 $ 1,037,479 $ 114,789,040 119
6,343 $ 2,494,771 $ 1,436,844 $ 1,057,927 $ 113,731,113 120
6,343 $ 2,502,255 $ 1,423,602 $ 1,078,654 $ 112,652,459 121
6,343 $ 2,509,762 $ 1,410,100 $ 1,099,662 $ 111,552,797 122
6,343 $ 2,517,291 $ 1,396,335 $ 1,120,956 $ 110,431,841 123
6,343 $ 2,524,843 $ 1,382,304 $ 1,142,539 $ 109,289,302 124
6,343 $ 2,532,418 $ 1,368,003 $ 1,164,415 $ 108,124,886 125
6,343 $ 2,540,015 $ 1,353,427 $ 1,186,588 $ 106,938,299 126
6,343 $ 2,547,635 $ 1,338,574 $ 1,209,061 $ 105,729,238 127
6,343 $ 2,555,278 $ 1,323,440 $ 1,231,838 $ 104,497,400 128
6,343 $ 2,562,944 $ 1,308,021 $ 1,254,923 $ 103,242,477 129
6,343 $ 2,570,633 $ 1,292,313 $ 1,278,320 $ 101,964,157 130
6,343 $ 2,578,345 $ 1,276,312 $ 1,302,033 $ 100,662,124 131
6,343 $ 2,586,080 $ 1,260,014 $ 1,326,066 $ 99,336,059 132
6,343 $ 2,593,838 $ 1,243,415 $ 1,350,423 $ 97,985,636 133
6,343 $ 2,601,619 $ 1,226,512 $ 1,375,108 $ 96,610,528 134
6,343 $ 2,609,424 $ 1,209,299 $ 1,400,125 $ 95,210,403 135
6,343 $ 2,617,253 $ 1,191,773 $ 1,425,479 $ 93,784,924 136
6,343 $ 2,625,104 $ 1,173,930 $ 1,451,174 $ 92,333,749 137
6,343 $ 2,632,980 $ 1,155,765 $ 1,477,214 $ 90,856,535 138
6,343 $ 2,640,879 $ 1,137,275 $ 1,503,604 $ 89,352,932 139
6,343 $ 2,648,801 $ 1,118,454 $ 1,530,347 $ 87,822,584 140
6,343 $ 2,656,748 $ 1,099,298 $ 1,557,450 $ 86,265,135 141
6,343 $ 2,664,718 $ 1,079,803 $ 1,584,915 $ 84,680,220 142
6,343 $ 2,672,712 $ 1,059,964 $ 1,612,748 $ 83,067,472 143
6,343 $ 2,680,730 $ 1,039,777 $ 1,640,953 $ 81,426,519 144
6,343 $ 2,688,772 $ 1,019,237 $ 1,669,535 $ 79,756,983 145
6,343 $ 2,696,839 $ 998,339 $ 1,698,500 $ 78,058,484 146
6,343 $ 2,704,929 $ 977,078 $ 1,727,851 $ 76,330,633 147
6,343 $ 2,713,044 $ 955,450 $ 1,757,594 $ 74,573,039 148
6,343 $ 2,721,183 $ 933,450 $ 1,787,733 $ 72,785,306 149
6,343 $ 2,729,347 $ 911,073 $ 1,818,274 $ 70,967,032 150
6,343 $ 2,737,535 $ 888,313 $ 1,849,222 $ 69,117,810 151
6,343 $ 2,745,747 $ 865,166 $ 1,880,582 $ 67,237,228 152
6,343 $ 2,753,985 $ 841,626 $ 1,912,359 $ 65,324,870 153
6,343 $ 2,762,246 $ 817,688 $ 1,944,558 $ 63,380,312 154
6,343 $ 2,770,533 $ 793,348 $ 1,977,185 $ 61,403,126 155
6,343 $ 2,778,845 $ 768,599 $ 2,010,246 $ 59,392,880 156
6,343 $ 2,787,181 $ 743,436 $ 2,043,745 $ 57,349,135 157
6,343 $ 2,795,543 $ 717,854 $ 2,077,689 $ 55,271,446 158
6,343 $ 2,803,930 $ 691,847 $ 2,112,082 $ 53,159,364 159
6,343 $ 2,812,341 $ 665,410 $ 2,146,932 $ 51,012,432 160
6,343 $ 2,820,778 $ 638,536 $ 2,182,242 $ 48,830,189 161
6,343 $ 2,829,241 $ 611,220 $ 2,218,021 $ 46,612,169 162
6,343 $ 2,837,728 $ 583,457 $ 2,254,272 $ 44,357,897 163
6,343 $ 2,846,242 $ 555,239 $ 2,291,002 $ 42,066,895 164
6,343 $ 2,854,780 $ 526,562 $ 2,328,218 $ 39,738,677 165
6,343 $ 2,863,345 $ 497,419 $ 2,365,925 $ 37,372,751 166
6,343 $ 2,871,935 $ 467,804 $ 2,404,130 $ 34,968,621 167
6,343 $ 2,880,550 $ 437,711 $ 2,442,839 $ 32,525,782 168
6,343 $ 2,889,192 $ 407,134 $ 2,482,058 $ 30,043,723 169
6,343 $ 2,897,860 $ 376,065 $ 2,521,795 $ 27,521,929 170
6,343 $ 2,906,553 $ 344,499 $ 2,562,054 $ 24,959,875 171
6,343 $ 2,915,273 $ 312,429 $ 2,602,844 $ 22,357,031 172
6,343 $ 2,924,019 $ 279,849 $ 2,644,170 $ 19,712,861 173
6,343 $ 2,932,791 $ 246,751 $ 2,686,040 $ 17,026,821 174
6,343 $ 2,941,589 $ 213,129 $ 2,728,460 $ 14,298,361 175
6,343 $ 2,950,414 $ 178,976 $ 2,771,438 $ 11,526,923 176
6,343 $ 2,959,265 $ 144,285 $ 2,814,980 $ 8,711,943 177
6,343 $ 2,968,143 $ 109,050 $ 2,859,093 $ 5,852,850 178
6,343 $ 2,977,047 $ 73,262 $ 2,903,786 $ 2,949,064 179
6,343 $ 2,985,979 $ 36,914 $ 2,949,064 $ 0 180
$ 266,077,018
$ 150,000,000
$ 416,077,018
 Tabla de amortización - Método 2
Vr UVR Abono a Cap en UVR Saldo en UVR Interés en UVR Pagos en UVR Pago en $
274.6 546,329
275.4 3,035 543,294 5,184 8,219 $ 2,263,422
276.2 3,035 540,258 5,155 8,190 $ 2,262,258
277.0 3,035 537,223 5,126 8,162 $ 2,261,066
277.9 3,035 534,188 5,098 8,133 $ 2,259,846
278.7 3,035 531,153 5,069 8,104 $ 2,258,599
279.5 3,035 528,118 5,040 8,075 $ 2,257,324
280.4 3,035 525,083 5,011 8,046 $ 2,256,021
281.2 3,035 522,047 4,982 8,018 $ 2,254,690
282.1 3,035 519,012 4,954 7,989 $ 2,253,331
282.9 3,035 515,977 4,925 7,960 $ 2,251,943
283.8 3,035 512,942 4,896 7,931 $ 2,250,527
284.6 3,035 509,907 4,867 7,902 $ 2,249,082
285.5 3,035 506,872 4,838 7,874 $ 2,247,608
286.3 3,035 503,836 4,810 7,845 $ 2,246,104
287.2 3,035 500,801 4,781 7,816 $ 2,244,572
288.0 3,035 497,766 4,752 7,787 $ 2,243,010
288.9 3,035 494,731 4,723 7,758 $ 2,241,419
289.8 3,035 491,696 4,694 7,730 $ 2,239,798
290.6 3,035 488,661 4,666 7,701 $ 2,238,147
291.5 3,035 485,625 4,637 7,672 $ 2,236,465
292.4 3,035 482,590 4,608 7,643 $ 2,234,754
293.3 3,035 479,555 4,579 7,614 $ 2,233,012
294.1 3,035 476,520 4,550 7,586 $ 2,231,240
295.0 3,035 473,485 4,522 7,557 $ 2,229,437
295.9 3,035 470,450 4,493 7,528 $ 2,227,603
296.8 3,035 467,415 4,464 7,499 $ 2,225,738
297.7 3,035 464,379 4,435 7,470 $ 2,223,842
298.6 3,035 461,344 4,406 7,442 $ 2,221,914
299.5 3,035 458,309 4,378 7,413 $ 2,219,955
300.4 3,035 455,274 4,349 7,384 $ 2,217,964
301.3 3,035 452,239 4,320 7,355 $ 2,215,941
302.2 3,035 449,204 4,291 7,326 $ 2,213,886
303.1 3,035 446,168 4,262 7,298 $ 2,211,799
304.0 3,035 443,133 4,234 7,269 $ 2,209,679
304.9 3,035 440,098 4,205 7,240 $ 2,207,527
305.8 3,035 437,063 4,176 7,211 $ 2,205,342
306.7 3,035 434,028 4,147 7,182 $ 2,203,124
307.7 3,035 430,993 4,118 7,154 $ 2,200,873
308.6 3,035 427,957 4,090 7,125 $ 2,198,588
309.5 3,035 424,922 4,061 7,096 $ 2,196,270
310.4 3,035 421,887 4,032 7,067 $ 2,193,918
311.4 3,035 418,852 4,003 7,038 $ 2,191,532
312.3 3,035 415,817 3,974 7,010 $ 2,189,113
313.2 3,035 412,782 3,946 6,981 $ 2,186,659
314.2 3,035 409,747 3,917 6,952 $ 2,184,170
315.1 3,035 406,711 3,888 6,923 $ 2,181,647
316.1 3,035 403,676 3,859 6,894 $ 2,179,089
317.0 3,035 400,641 3,830 6,866 $ 2,176,496
318.0 3,035 397,606 3,802 6,837 $ 2,173,868
318.9 3,035 394,571 3,773 6,808 $ 2,171,205
319.9 3,035 391,536 3,744 6,779 $ 2,168,506
320.8 3,035 388,500 3,715 6,750 $ 2,165,772
321.8 3,035 385,465 3,686 6,722 $ 2,163,001
322.8 3,035 382,430 3,658 6,693 $ 2,160,194
323.7 3,035 379,395 3,629 6,664 $ 2,157,351
324.7 3,035 376,360 3,600 6,635 $ 2,154,472
325.7 3,035 373,325 3,571 6,606 $ 2,151,556
326.7 3,035 370,289 3,542 6,578 $ 2,148,603
327.6 3,035 367,254 3,514 6,549 $ 2,145,613
328.6 3,035 364,219 3,485 6,520 $ 2,142,585
329.6 3,035 361,184 3,456 6,491 $ 2,139,520
330.6 3,035 358,149 3,427 6,462 $ 2,136,418
331.6 3,035 355,114 3,398 6,434 $ 2,133,277
332.6 3,035 352,078 3,370 6,405 $ 2,130,099
333.6 3,035 349,043 3,341 6,376 $ 2,126,882
334.6 3,035 346,008 3,312 6,347 $ 2,123,627
335.6 3,035 342,973 3,283 6,318 $ 2,120,333
336.6 3,035 339,938 3,254 6,290 $ 2,117,000
337.6 3,035 336,903 3,226 6,261 $ 2,113,628
338.6 3,035 333,868 3,197 6,232 $ 2,110,217
339.6 3,035 330,832 3,168 6,203 $ 2,106,767
340.6 3,035 327,797 3,139 6,174 $ 2,103,276
341.7 3,035 324,762 3,110 6,146 $ 2,099,746
342.7 3,035 321,727 3,082 6,117 $ 2,096,176
343.7 3,035 318,692 3,053 6,088 $ 2,092,565
344.8 3,035 315,657 3,024 6,059 $ 2,088,914
345.8 3,035 312,621 2,995 6,030 $ 2,085,222
346.8 3,035 309,586 2,966 6,002 $ 2,081,489
347.9 3,035 306,551 2,938 5,973 $ 2,077,715
348.9 3,035 303,516 2,909 5,944 $ 2,073,900
350.0 3,035 300,481 2,880 5,915 $ 2,070,043
351.0 3,035 297,446 2,851 5,886 $ 2,066,144
352.1 3,035 294,410 2,822 5,858 $ 2,062,203
353.1 3,035 291,375 2,794 5,829 $ 2,058,220
354.2 3,035 288,340 2,765 5,800 $ 2,054,194
355.2 3,035 285,305 2,736 5,771 $ 2,050,126
356.3 3,035 282,270 2,707 5,742 $ 2,046,015
357.4 3,035 279,235 2,678 5,714 $ 2,041,861
358.4 3,035 276,199 2,650 5,685 $ 2,037,663
359.5 3,035 273,164 2,621 5,656 $ 2,033,422
360.6 3,035 270,129 2,592 5,627 $ 2,029,137
361.7 3,035 267,094 2,563 5,598 $ 2,024,808
362.8 3,035 264,059 2,534 5,570 $ 2,020,435
363.9 3,035 261,024 2,506 5,541 $ 2,016,017
364.9 3,035 257,989 2,477 5,512 $ 2,011,555
366.0 3,035 254,953 2,448 5,483 $ 2,007,048
367.1 3,035 251,918 2,419 5,454 $ 2,002,495
368.2 3,035 248,883 2,390 5,426 $ 1,997,897
369.3 3,035 245,848 2,362 5,397 $ 1,993,254
370.5 3,035 242,813 2,333 5,368 $ 1,988,565
371.6 3,035 239,778 2,304 5,339 $ 1,983,830
372.7 3,035 236,742 2,275 5,310 $ 1,979,048
373.8 3,035 233,707 2,246 5,282 $ 1,974,220
374.9 3,035 230,672 2,218 5,253 $ 1,969,345
376.0 3,035 227,637 2,189 5,224 $ 1,964,423
377.2 3,035 224,602 2,160 5,195 $ 1,959,454
378.3 3,035 221,567 2,131 5,166 $ 1,954,437
379.4 3,035 218,531 2,102 5,138 $ 1,949,373
380.6 3,035 215,496 2,074 5,109 $ 1,944,260
381.7 3,035 212,461 2,045 5,080 $ 1,939,100
382.9 3,035 209,426 2,016 5,051 $ 1,933,891
384.0 3,035 206,391 1,987 5,022 $ 1,928,633
385.2 3,035 203,356 1,958 4,994 $ 1,923,326
386.3 3,035 200,321 1,930 4,965 $ 1,917,970
387.5 3,035 197,285 1,901 4,936 $ 1,912,565
388.6 3,035 194,250 1,872 4,907 $ 1,907,110
389.8 3,035 191,215 1,843 4,878 $ 1,901,605
391.0 3,035 188,180 1,814 4,850 $ 1,896,049
392.1 3,035 185,145 1,786 4,821 $ 1,890,444
393.3 3,035 182,110 1,757 4,792 $ 1,884,787
394.5 3,035 179,074 1,728 4,763 $ 1,879,080
395.7 3,035 176,039 1,699 4,734 $ 1,873,321
396.9 3,035 173,004 1,670 4,706 $ 1,867,511
398.1 3,035 169,969 1,642 4,677 $ 1,861,650
399.3 3,035 166,934 1,613 4,648 $ 1,855,736
400.5 3,035 163,899 1,584 4,619 $ 1,849,770
401.7 3,035 160,863 1,555 4,590 $ 1,843,752
402.9 3,035 157,828 1,526 4,562 $ 1,837,680
404.1 3,035 154,793 1,498 4,533 $ 1,831,556
405.3 3,035 151,758 1,469 4,504 $ 1,825,379
406.5 3,035 148,723 1,440 4,475 $ 1,819,148
407.7 3,035 145,688 1,411 4,446 $ 1,812,863
408.9 3,035 142,652 1,382 4,418 $ 1,806,524
410.2 3,035 139,617 1,354 4,389 $ 1,800,131
411.4 3,035 136,582 1,325 4,360 $ 1,793,683
412.6 3,035 133,547 1,296 4,331 $ 1,787,180
413.9 3,035 130,512 1,267 4,302 $ 1,780,622
415.1 3,035 127,477 1,238 4,274 $ 1,774,009
416.4 3,035 124,442 1,210 4,245 $ 1,767,340
417.6 3,035 121,406 1,181 4,216 $ 1,760,615
418.9 3,035 118,371 1,152 4,187 $ 1,753,833
420.1 3,035 115,336 1,123 4,158 $ 1,746,995
421.4 3,035 112,301 1,094 4,130 $ 1,740,101
422.6 3,035 109,266 1,066 4,101 $ 1,733,149
423.9 3,035 106,231 1,037 4,072 $ 1,726,140
425.2 3,035 103,195 1,008 4,043 $ 1,719,073
426.5 3,035 100,160 979 4,014 $ 1,711,948
427.7 3,035 97,125 950 3,986 $ 1,704,765
429.0 3,035 94,090 922 3,957 $ 1,697,524
430.3 3,035 91,055 893 3,928 $ 1,690,224
431.6 3,035 88,020 864 3,899 $ 1,682,864
432.9 3,035 84,984 835 3,870 $ 1,675,446
434.2 3,035 81,949 806 3,842 $ 1,667,967
435.5 3,035 78,914 778 3,813 $ 1,660,429
436.8 3,035 75,879 749 3,784 $ 1,652,831
438.1 3,035 72,844 720 3,755 $ 1,645,171
439.4 3,035 69,809 691 3,726 $ 1,637,452
440.7 3,035 66,774 662 3,698 $ 1,629,671
442.1 3,035 63,738 634 3,669 $ 1,621,828
443.4 3,035 60,703 605 3,640 $ 1,613,924
444.7 3,035 57,668 576 3,611 $ 1,605,958
446.1 3,035 54,633 547 3,582 $ 1,597,929
447.4 3,035 51,598 518 3,554 $ 1,589,838
448.7 3,035 48,563 490 3,525 $ 1,581,684
450.1 3,035 45,527 461 3,496 $ 1,573,467
451.4 3,035 42,492 432 3,467 $ 1,565,186
452.8 3,035 39,457 403 3,438 $ 1,556,841
454.1 3,035 36,422 374 3,410 $ 1,548,432
455.5 3,035 33,387 346 3,381 $ 1,539,959
456.9 3,035 30,352 317 3,352 $ 1,531,421
458.2 3,035 27,316 288 3,323 $ 1,522,818
459.6 3,035 24,281 259 3,294 $ 1,514,149
461.0 3,035 21,246 230 3,266 $ 1,505,415
462.4 3,035 18,211 202 3,237 $ 1,496,615
463.8 3,035 15,176 173 3,208 $ 1,487,748
465.2 3,035 12,141 144 3,179 $ 1,478,815
466.6 3,035 9,105 115 3,150 $ 1,469,814
468.0 3,035 6,070 86 3,122 $ 1,460,747
469.4 3,035 3,035 58 3,093 $ 1,451,611
470.8 3,035 0 29 3,064 $ 1,442,408
Interés $ Capital $ Saldo $
150,000,000 Inflación mensual 0.30%
1,877,589 385,833 149,614,167 Tasa mensual en $ 1.25%
1,872,759 389,498 149,224,668
1,867,884 393,182 148,831,486
1,862,962 396,884 148,434,603
1,857,994 400,605 148,033,998
1,852,980 404,344 147,629,653
1,847,919 408,103 147,221,551
1,842,810 411,880 146,809,671
1,837,655 415,676 146,393,995
1,832,452 419,492 145,974,503
1,827,201 423,326 145,551,177
1,821,902 427,180 145,123,997
1,816,555 431,053 144,692,944
1,811,159 434,945 144,257,999
1,805,715 438,857 143,819,142
1,800,221 442,789 143,376,353
1,794,679 446,740 142,929,614
1,789,087 450,711 142,478,903
1,783,445 454,701 142,024,202
1,777,754 458,712 141,565,490
1,772,012 462,742 141,102,748
1,766,220 466,793 140,635,955
1,760,377 470,863 140,165,092
1,754,483 474,954 139,690,137
1,748,538 479,066 139,211,072
1,742,541 483,197 138,727,875
1,736,493 487,349 138,240,526
1,730,393 491,522 137,749,004
1,724,240 495,715 137,253,289
1,718,035 499,929 136,753,359
1,711,777 504,164 136,249,195
1,705,467 508,420 135,740,775
1,699,102 512,697 135,228,079
1,692,685 516,994 134,711,084
1,686,214 521,313 134,189,771
1,679,688 525,654 133,664,117
1,673,108 530,015 133,134,102
1,666,474 534,398 132,599,704
1,659,785 538,803 132,060,901
1,653,041 543,229 131,517,671
1,646,241 547,677 130,969,994
1,639,385 552,147 130,417,847
1,632,474 556,638 129,861,209
1,625,506 561,152 129,300,057
1,618,482 565,688 128,734,369
1,611,401 570,246 128,164,123
1,604,264 574,826 127,589,298
1,597,068 579,428 127,009,870
1,589,815 584,053 126,425,817
1,582,505 588,700 125,837,116
1,575,136 593,370 125,243,746
1,567,708 598,063 124,645,683
1,560,222 602,779 124,042,904
1,552,677 607,517 123,435,387
1,545,073 612,279 122,823,108
1,537,409 617,063 122,206,045
1,529,685 621,871 121,584,174
1,521,901 626,702 120,957,472
1,514,056 631,557 120,325,915
1,506,151 636,435 119,689,480
1,498,184 641,336 119,048,144
1,490,156 646,261 118,401,883
1,482,067 651,210 117,750,672
1,473,916 656,183 117,094,489
1,465,702 661,180 116,433,309
1,457,426 666,201 115,767,108
1,449,087 671,246 115,095,862
1,440,685 676,316 114,419,546
1,432,219 681,409 113,738,137
1,423,690 686,527 113,051,610
1,415,096 691,670 112,359,939
1,406,438 696,838 111,663,102
1,397,716 702,030 110,961,072
1,388,929 707,247 110,253,824
1,380,076 712,489 109,541,335
1,371,157 717,757 108,823,578
1,362,173 723,049 108,100,530
1,353,122 728,367 107,372,163
1,344,005 733,710 106,638,453
1,334,821 739,078 105,899,375
1,325,570 744,473 105,154,902
1,316,251 749,893 104,405,010
1,306,865 755,338 103,649,671
1,297,410 760,810 102,888,861
1,287,887 766,308 102,122,554
1,278,294 771,832 101,350,722
1,268,633 777,382 100,573,341
1,258,903 782,958 99,790,382
1,249,102 788,561 99,001,821
1,239,231 794,190 98,207,631
1,229,290 799,847 97,407,784
1,219,278 805,530 96,602,255
1,209,195 811,239 95,791,016
1,199,041 816,976 94,974,039
1,188,815 822,740 94,151,299
1,178,516 828,531 93,322,768
1,168,145 834,350 92,488,418
1,157,702 840,196 91,648,222
1,147,185 846,070 90,802,152
1,136,594 851,971 89,950,181
1,125,930 857,900 89,092,281
1,115,191 863,857 88,228,425
1,104,378 869,842 87,358,583
1,093,490 875,855 86,482,728
1,082,527 881,896 85,600,832
1,071,488 887,966 84,712,866
1,060,373 894,064 83,818,802
1,049,182 900,191 82,918,611
1,037,914 906,346 82,012,264
1,026,569 912,531 81,099,733
1,015,146 918,744 80,180,989
1,003,646 924,986 79,256,003
992,068 931,258 78,324,745
980,411 937,559 77,387,186
968,675 943,889 76,443,297
956,861 950,249 75,493,048
944,966 956,638 74,536,409
932,992 963,058 73,573,351
920,937 969,507 72,603,845
908,801 975,986 71,627,858
896,584 982,495 70,645,363
884,286 989,035 69,656,328
871,906 995,605 68,660,723
859,444 1,002,206 67,658,517
846,899 1,008,837 66,649,680
834,271 1,015,499 65,634,182
821,560 1,022,192 64,611,990
808,765 1,028,915 63,583,075
795,886 1,035,670 62,547,404
782,922 1,042,457 61,504,947
769,873 1,049,274 60,455,673
756,739 1,056,124 59,399,549
743,520 1,063,004 58,336,545
730,214 1,069,917 57,266,628
716,821 1,076,862 56,189,766
703,342 1,083,838 55,105,928
689,775 1,090,847 54,015,081
676,121 1,097,888 52,917,193
662,378 1,104,961 51,812,232
648,547 1,112,067 50,700,164
634,627 1,119,206 49,580,958
620,618 1,126,378 48,454,581
606,519 1,133,582 47,320,999
592,329 1,140,820 46,180,179
578,049 1,148,091 45,032,088
563,678 1,155,395 43,876,693
549,216 1,162,732 42,713,961
534,662 1,170,104 41,543,857
520,015 1,177,509 40,366,349
505,276 1,184,948 39,181,401
490,444 1,192,421 37,988,980
475,518 1,199,928 36,789,053
460,498 1,207,469 35,581,583
445,384 1,215,045 34,366,538
430,175 1,222,656 33,143,883
414,871 1,230,301 31,913,582
399,471 1,237,981 30,675,601
383,974 1,245,696 29,429,904
368,382 1,253,446 28,176,458
352,692 1,261,232 26,915,226
336,905 1,269,053 25,646,173
321,020 1,276,909 24,369,264
305,036 1,284,802 23,084,462
288,954 1,292,730 21,791,732
272,773 1,300,694 20,491,038
256,492 1,308,694 19,182,344
240,110 1,316,731 17,865,613
223,629 1,324,804 16,540,809
207,046 1,332,914 15,207,895
190,361 1,341,060 13,866,836
173,575 1,349,243 12,517,593
156,686 1,357,463 11,160,129
139,694 1,365,721 9,794,408
122,599 1,374,016 8,420,393
105,400 1,382,348 7,038,045
88,097 1,390,718 5,647,327
 70,689 1,399,125 4,248,202
53,176 1,407,571 2,840,631
35,557 1,416,055 1,424,576
17,832 1,424,576 0
204,870,553
 Tabla de amortización método 3
Meses Pago en Uvrs Valor UVR Pago $ Interés $ Capital $ Saldo $
0 274.6 150,000,000
1 6,446 275.4 1,775,114 1,877,589 - 102,475 150,102,475
2 6,427 276.2 1,775,098 1,878,872 - 103,774 150,206,249
3 6,407 277.0 1,775,082 1,880,171 - 105,089 150,311,338
4 6,388 277.9 1,775,066 1,881,486 - 106,420 150,417,759
5 6,369 278.7 1,775,050 1,882,818 - 107,768 150,525,527
6 6,350 279.5 1,775,034 1,884,167 - 109,133 150,634,660
7 6,331 280.4 1,775,018 1,885,533 - 110,515 150,745,176
8 6,312 281.2 1,775,002 1,886,916 - 111,915 150,857,090
9 6,293 282.1 1,774,986 1,888,317 - 113,332 150,970,422
10 6,274 282.9 1,774,970 1,889,736 - 114,766 151,085,188
11 6,255 283.8 1,774,954 1,891,172 - 116,219 151,201,407
12 6,236 284.6 1,774,938 1,892,627 - 117,689 151,319,096
13 6,446 285.5 1,840,083 1,894,100 - 54,018 151,373,114
14 6,427 286.3 1,840,066 1,894,777 - 54,710 151,427,824
15 6,407 287.2 1,840,050 1,895,461 - 55,412 151,483,236
16 6,388 288.0 1,840,033 1,896,155 - 56,122 151,539,358
17 6,369 288.9 1,840,016 1,896,857 - 56,841 151,596,199
18 6,350 289.8 1,840,000 1,897,569 - 57,569 151,653,768
19 6,331 290.6 1,839,983 1,898,290 - 58,306 151,712,074
20 6,312 291.5 1,839,967 1,899,019 - 59,053 151,771,127
21 6,293 292.4 1,839,950 1,899,759 - 59,808 151,830,935
22 6,274 293.3 1,839,934 1,900,507 - 60,574 151,891,508
23 6,255 294.1 1,839,917 1,901,265 - 61,348 151,952,857
24 6,236 295.0 1,839,901 1,902,033 - 62,133 152,014,989
25 6,446 295.9 1,907,430 1,902,811 4,619 152,010,371
26 6,427 296.8 1,907,413 1,902,753 4,659 152,005,712
27 6,407 297.7 1,907,395 1,902,695 4,700 152,001,011
28 6,388 298.6 1,907,378 1,902,636 4,742 151,996,269
29 6,369 299.5 1,907,361 1,902,577 4,784 151,991,485
30 6,350 300.4 1,907,344 1,902,517 4,827 151,986,658
31 6,331 301.3 1,907,327 1,902,456 4,870 151,981,787
32 6,312 302.2 1,907,310 1,902,395 4,914 151,976,873
33 6,293 303.1 1,907,292 1,902,334 4,958 151,971,915
34 6,274 304.0 1,907,275 1,902,272 5,003 151,966,911
35 6,255 304.9 1,907,258 1,902,209 5,049 151,961,863
36 6,236 305.8 1,907,241 1,902,146 5,095 151,956,768
37 6,446 306.7 1,977,242 1,902,082 75,159 151,881,609
38 6,427 307.7 1,977,224 1,901,141 76,082 151,805,526
39 6,407 308.6 1,977,206 1,900,189 77,017 151,728,509
40 6,388 309.5 1,977,188 1,899,225 77,963 151,650,546
41 6,369 310.4 1,977,170 1,898,249 78,921 151,571,625
42 6,350 311.4 1,977,153 1,897,261 79,891 151,491,734
43 6,331 312.3 1,977,135 1,896,261 80,874 151,410,860
44 6,312 313.2 1,977,117 1,895,249 81,868 151,328,992
45 6,293 314.2 1,977,099 1,894,224 82,875 151,246,117
46 6,274 315.1 1,977,081 1,893,187 83,895 151,162,223
47 6,255 316.1 1,977,064 1,892,137 84,927 151,077,296
48 6,236 317.0 1,977,046 1,891,074 85,972 150,991,324
49 6,446 318.0 2,049,609 1,889,998 159,611 150,831,713
50 6,427 318.9 2,049,590 1,888,000 161,590 150,670,122
51 6,407 319.9 2,049,572 1,885,977 163,595 150,506,527
52 6,388 320.8 2,049,553 1,883,929 165,624 150,340,903
53 6,369 321.8 2,049,535 1,881,856 167,679 150,173,225
54 6,350 322.8 2,049,516 1,879,757 169,759 150,003,465
55 6,331 323.7 2,049,498 1,877,632 171,866 149,831,600
56 6,312 324.7 2,049,479 1,875,481 173,998 149,657,601
57 6,293 325.7 2,049,461 1,873,303 176,158 149,481,443
58 6,274 326.7 2,049,443 1,871,098 178,345 149,303,099
59 6,255 327.6 2,049,424 1,868,866 180,559 149,122,540
60 6,236 328.6 2,049,406 1,866,606 182,800 148,939,740
61 6,446 329.6 2,124,624 1,864,317 260,307 148,679,433
62 6,427 330.6 2,124,605 1,861,059 263,546 148,415,887
63 6,407 331.6 2,124,586 1,857,760 266,826 148,149,061
64 6,388 332.6 2,124,567 1,854,420 270,147 147,878,915
65 6,369 333.6 2,124,548 1,851,039 273,509 147,605,406
66 6,350 334.6 2,124,529 1,847,615 276,913 147,328,492
67 6,331 335.6 2,124,509 1,844,149 280,361 147,048,132
68 6,312 336.6 2,124,490 1,840,640 283,851 146,764,281
69 6,293 337.6 2,124,471 1,837,087 287,385 146,476,896
70 6,274 338.6 2,124,452 1,833,489 290,963 146,185,933
71 6,255 339.6 2,124,433 1,829,847 294,586 145,891,347
72 6,236 340.6 2,124,414 1,826,160 298,254 145,593,093
73 6,446 341.7 2,202,385 1,822,427 379,959 145,213,135
74 6,427 342.7 2,202,366 1,817,670 384,695 144,828,439
75 6,407 343.7 2,202,346 1,812,855 389,491 144,438,949
76 6,388 344.8 2,202,326 1,807,980 394,346 144,044,603
77 6,369 345.8 2,202,306 1,803,044 399,263 143,645,340
78 6,350 346.8 2,202,286 1,798,046 404,240 143,241,100
79 6,331 347.9 2,202,267 1,792,986 409,281 142,831,819
80 6,312 348.9 2,202,247 1,787,863 414,384 142,417,435
81 6,293 350.0 2,202,227 1,782,676 419,551 141,997,885
82 6,274 351.0 2,202,207 1,777,424 424,783 141,573,102
83 6,255 352.1 2,202,187 1,772,107 430,080 141,143,022
84 6,236 353.1 2,202,167 1,766,724 435,444 140,707,578
85 6,446 354.2 2,282,993 1,761,273 521,719 140,185,859
86 6,427 355.2 2,282,972 1,754,743 528,229 139,657,629
 87 6,407 356.3 2,282,952 1,748,131 534,821 139,122,809
88 6,388 357.4 2,282,931 1,741,436 541,495 138,581,314
89 6,369 358.4 2,282,911 1,734,658 548,252 138,033,061
90 6,350 359.5 2,282,890 1,727,796 555,094 137,477,967
91 6,331 360.6 2,282,869 1,720,847 562,022 136,915,945
92 6,312 361.7 2,282,849 1,713,812 569,036 136,346,909
93 6,293 362.8 2,282,828 1,706,690 576,139 135,770,770
94 6,274 363.9 2,282,808 1,699,478 583,330 135,187,440
95 6,255 364.9 2,282,787 1,692,176 590,611 134,596,829
96 6,236 366.0 2,282,767 1,684,783 597,983 133,998,846
97 6,446 367.1 2,366,550 1,677,298 689,252 133,309,594
98 6,427 368.2 2,366,529 1,668,671 697,858 132,611,736
99 6,407 369.3 2,366,508 1,659,935 706,572 131,905,164
100 6,388 370.5 2,366,486 1,651,091 715,395 131,189,769
101 6,369 371.6 2,366,465 1,642,136 724,329 130,465,440
102 6,350 372.7 2,366,444 1,633,070 733,374 129,732,066
103 6,331 373.8 2,366,422 1,623,890 742,532 128,989,534
104 6,312 374.9 2,366,401 1,614,595 751,806 128,237,728
105 6,293 376.0 2,366,380 1,605,185 761,195 127,476,533
106 6,274 377.2 2,366,358 1,595,657 770,702 126,705,831
107 6,255 378.3 2,366,337 1,586,010 780,327 125,925,504
108 6,236 379.4 2,366,316 1,576,242 790,074 125,135,430
109 6,446 380.6 2,453,166 1,566,353 886,813 124,248,617
110 6,427 381.7 2,453,144 1,555,252 897,892 123,350,725
111 6,407 382.9 2,453,122 1,544,013 909,109 122,441,617
112 6,388 384.0 2,453,100 1,532,633 920,466 121,521,150
113 6,369 385.2 2,453,078 1,521,112 931,966 120,589,185
114 6,350 386.3 2,453,055 1,509,446 943,609 119,645,575
115 6,331 387.5 2,453,033 1,497,635 955,399 118,690,177
116 6,312 388.6 2,453,011 1,485,676 967,336 117,722,841
117 6,293 389.8 2,452,989 1,473,567 979,422 116,743,419
118 6,274 391.0 2,452,967 1,461,308 991,660 115,751,759
119 6,255 392.1 2,452,945 1,448,895 1,004,050 114,747,709
120 6,236 393.3 2,452,923 1,436,327 1,016,596 113,731,113
121 6,446 394.5 2,542,952 1,423,602 1,119,350 112,611,763
122 6,427 395.7 2,542,929 1,409,591 1,133,338 111,478,425
123 6,407 396.9 2,542,906 1,395,404 1,147,502 110,330,923
124 6,388 398.1 2,542,883 1,381,041 1,161,842 109,169,081
125 6,369 399.3 2,542,860 1,366,498 1,176,362 107,992,719
126 6,350 400.5 2,542,837 1,351,773 1,191,064 106,801,654
127 6,331 401.7 2,542,814 1,336,864 1,205,950 105,595,704
128 6,312 402.9 2,542,791 1,321,769 1,221,023 104,374,681
129 6,293 404.1 2,542,769 1,306,485 1,236,284 103,138,398
130 6,274 405.3 2,542,746 1,291,010 1,251,736 101,886,662
131 6,255 406.5 2,542,723 1,275,342 1,267,381 100,619,281
132 6,236 407.7 2,542,700 1,259,478 1,283,222 99,336,059
133 6,446 408.9 2,636,024 1,243,415 1,392,608 97,943,450
134 6,427 410.2 2,636,000 1,225,984 1,410,016 96,533,434
135 6,407 411.4 2,635,976 1,208,334 1,427,642 95,105,792
136 6,388 412.6 2,635,953 1,190,464 1,445,489 93,660,303
137 6,369 413.9 2,635,929 1,172,370 1,463,558 92,196,744
138 6,350 415.1 2,635,905 1,154,051 1,481,854 90,714,890
139 6,331 416.4 2,635,881 1,135,502 1,500,380 89,214,510
140 6,312 417.6 2,635,858 1,116,721 1,519,136 87,695,374
141 6,293 418.9 2,635,834 1,097,706 1,538,128 86,157,246
142 6,274 420.1 2,635,810 1,078,453 1,557,358 84,599,888
143 6,255 421.4 2,635,786 1,058,959 1,576,828 83,023,061
144 6,236 422.6 2,635,763 1,039,221 1,596,542 81,426,519
145 6,446 423.9 2,732,502 1,019,237 1,713,265 79,713,254
146 6,427 425.2 2,732,477 997,791 1,734,686 77,978,568
147 6,407 426.5 2,732,453 976,078 1,756,375 76,222,193
148 6,388 427.7 2,732,428 954,093 1,778,335 74,443,857
149 6,369 429.0 2,732,404 931,833 1,800,571 72,643,287
150 6,350 430.3 2,732,379 909,295 1,823,084 70,820,202
151 6,331 431.6 2,732,355 886,475 1,845,880 68,974,323
152 6,312 432.9 2,732,330 863,369 1,868,960 67,105,362
153 6,293 434.2 2,732,305 839,975 1,892,330 65,213,032
154 6,274 435.5 2,732,281 816,288 1,915,992 63,297,040
155 6,255 436.8 2,732,256 792,305 1,939,951 61,357,089
156 6,236 438.1 2,732,232 768,023 1,964,209 59,392,880
157 6,446 439.4 2,832,512 743,436 2,089,076 57,303,805
158 6,427 440.7 2,832,486 717,287 2,115,200 55,188,605
159 6,407 442.1 2,832,461 690,810 2,141,651 53,046,955
160 6,388 443.4 2,832,435 664,002 2,168,433 50,878,522
161 6,369 444.7 2,832,410 636,860 2,195,550 48,682,972
162 6,350 446.1 2,832,384 609,377 2,223,007 46,459,965
163 6,331 447.4 2,832,359 581,551 2,250,807 44,209,158
164 6,312 448.7 2,832,333 553,377 2,278,956 41,930,202
165 6,293 450.1 2,832,308 524,851 2,307,456 39,622,746
166 6,274 451.4 2,832,282 495,968 2,336,314 37,286,432
167 6,255 452.8 2,832,257 466,724 2,365,533 34,920,899
168 6,236 454.1 2,832,231 437,114 2,395,117 32,525,782
169 6,446 455.5 2,936,181 407,134 2,529,048 29,996,734
170 6,427 456.9 2,936,155 375,477 2,560,678 27,436,056
171 6,407 458.2 2,936,129 343,424 2,592,704 24,843,351
172 6,388 459.6 2,936,102 310,971 2,625,132 22,218,220
173 6,369 461.0 2,936,076 278,111 2,657,965 19,560,255
174 6,350 462.4 2,936,049 244,841 2,691,209 16,869,047
175 6,331 463.8 2,936,023 211,154 2,724,869 14,144,178
176 6,312 465.2 2,935,997 177,046 2,758,950 11,385,228
177 6,293 466.6 2,935,970 142,512 2,793,458 8,591,770
178 6,274 468.0 2,935,944 107,545 2,828,398 5,763,371
179 6,255 469.4 2,935,917 72,142 2,863,776 2,899,596
180 6,236 470.8 2,935,891 36,295 2,899,596 - 0
265,891,794
 Evaluación de Proyectos 1400 1400 1100

0 1 2 3 Años

2000
Rentabilidad esperada anual = Tasa Mínima Aceptable de Rentabilidad (TMAR)
Rentabilidad esperada anual 15%
Años 0 1 2
VPN = Valor Presente Neto (Función VNA) - 2,000 1,400 1,400
Valor presente de los flujos futuros VP = VF / (1+i)^n 1,217 1,059
Sumatoria del los valores presentes 2,999
Diferencia entre Sumatoria de VPs y la inversión inicial 999 Proyecto viable porque VPN > 0
VPN = 999
TIR (Tasa Interna de Rentabilidad) TIR 44.7% Proyecto viable porque TIR > TMAR

VPN = -2.000 + 1400 / (1,15) + 1400/(1,15)^2 + 1100/(1,15)^3

VPN = -2000 + 1400 /(1 + i) + 1400/(1+ i)^2 + 1100/ (1+i)^3 Para calcular TIR, se despeja "i"

Periodo de Recuperación PDR Años 1 2

Flujos descontados (Flujos futuros traidos a valor presente) 1,217 1,059
Flujos descontados acumulados 1,217 2,276
Inversión inicial = 2,000 PDR = 1.74
Fórmula = A + (B-C)/D
A= año en que se cumple la recuparación (1)
B = Valor de la inversión inicial (2.000)
C = Acumulado en el año en que se cumple la recuperación (1.217)
D = Flujo descontado del año siguiente (1.059)
 3
1,100
723

porque VPN > 0

porque TIR > TMAR

R, se despeja "i"

3
723
2,999
Costo Anual Equivalente CAE
Costo Anual Uniforme Equivalente CAUE
Método para evaluar proyectos considerando sólo costos
Tasa mínima o tasa de descuento 30%

Elaborar flujos de efectivo

Máquina 1 - Años: - 1 2 3 4
Salidas de efectivo - 18,000 - 850 - 850 - 850 - 850
Entradas de efectivo (salvamento)
Flujos netos de caja - 18,000 - 850 - 850 - 850 - 850
Paso 1 Halla VPN (función VNA) - 20,339
Paso 2 Hallar la anualidad (función pago) 6,954 : CAE, Costo Anual Equivalente

Elaborar flujos de efectivo

Máquina 1 - Años: - 1 2 3 4
Salidas de efectivo - 27,000 - 400 - 400 - 400 - 400
Entradas de efectivo (salvamento)
Flujos netos de caja - 27,000 - 400 - 400 - 400 - 400
Paso 1 Halla VPN (función VNA) - 27,434
Paso 2 Hallar la anualidad (función pago) 9,380 : CAE, Costo Anual Equivalente
 Caso 5
Años 0
Inversiones -2,600
Ingresos
Costos de operación
Valor de rescate
Flujo Neto de Caja -2,600
5 6 7 8 VPN (VNA) -82
- 850 - 850 - 850 - 850 TIR 15.7%
1,200
- 850 - 850 - 850 350

5 6 7 8
- 400 - 400 - 400 - 400
6,000
- 400 - 400 - 400 5,600
TMAR = 17%
1 2 3 4 5 6
-1,000
1,100 1,200 1,300 1,200 1,100 1,000
-250 -300 -350 -400 -450 -500
400
850 900 950 -200 650 900
Proyecto no viable porque VPN < 0
No viable, porque TIR < TMAR ( 15,7% < 17%)

VP de sumatoria de flujos futuros: 2,518

- 82
TMAR 15%
Proyectos 1 2 3 4 5 6 7
Inversión Inicial - 10,000 - 15,000 - 8,000 - 7,000 - 9,000 - 7,000 - 16,000
1 2,930 3,455 2,710 2,840 3,010 1,610 3,750
2 2,930 3,455 2,710 2,840 3,010 1,610 3,750
3 2,930 3,455 2,710 2,840 3,010 1,610 3,750
4 2,930 3,455 2,710 2,840 3,010 1,610 3,750
5 2,930 3,455 2,710 3,010 1,610 3,750
6 2,930 3,455 1,610 3,750
7 3,455 1,610 3,750
8 3,455 1,610 3,750
9 3,455 1,610 3,750
10 1,610
VPN (VNA) 1,089 1,486 1,084 1,108 1,090 1,080 1,893
Proyectos seleccionados - - - 1 - 1 1
VNA proyectos seleccionados - - - 1,108 - 1,080 1,893 Total
Inversión inicial seleccionados - - - 7,000 - 7,000 16,000 Total
 4,082
30,000