Fase 3, Análisis de valor en el tiempo

Laura Yineth Córdoba Polania

Cod. 1096952391
Fray Nancy Fierro Lara
Cod. 21177276
Luisa Fernanda Oidor Celis
Cod. 1120577328

Directora de Curso/Tutora: Omaira Manzano

Curso de Ingeniería Económica
Código: 104007_20

Escuela de Ciencias Administrativas,

Contables, Económicas y de Negocios
ECACEN
Universidad Nacional Abierta y a Distancia UNAD
Oct-21
 Introducción

Los integrantes del grupo realizan un reconocimiento y aplican conceptos

prácticos de la ingeniería económica, en este módulo se abordó la temática de
valor del dinero en el tiempo, tema crucial en el sector de inversionistas, y su
importancia radica en que las inversiones utilizadas gane valor real o en otras
palabra que genere una rentabilidad superando la inflación; en todos los casos el
inversionista opta por recibir pagos en cuotas fija de dinero en tiempo presente y
no recaudar el mismo valor nominal en fechas futuras.
 2. Construir la tabla de amortización para los siguientes escenarios. (Los estudiantes se dividen los cinco
escenarios y coloca en el foro el ejercicio que va a desarrollar de los incisos A, B, C, D y E)

B. El banco B ofrece pagar un crédito de 200.000.000 con un sistema de cuota creciente geométricamente.
Amortizando a 100 cuotas las cuales se van incrementando en el 0.1% cada mes a una tasa del 22% efectivo
anual. Es necesario construir la tabla de amortización para este caso y especificar los intereses pagados en
este préstamo.

Valor inicial $ 200,000,000.00

interes annual 22.00%
interes mensual 1.67%
n (meses) 100
Crecimiento 0.10%

PERIODO INTERES CUOTA CAPITAL SALDO FINAL

0 $ 200,000,000.00
1 $ 3,341,792.77 $ 3,980,670.65 $ 638,877.87 $ 199,361,122.13
2 $ 3,331,117.79 $ 3,984,651.32 $ 653,533.53 $ 198,707,588.60
3 $ 3,320,197.92 $ 3,988,635.97 $ 668,438.05 $ 198,039,150.55
4 $ 3,309,029.01 $ 3,992,624.60 $ 683,595.59 $ 197,355,554.96
5 $ 3,297,606.84 $ 3,996,617.23 $ 699,010.39 $ 196,656,544.57
6 $ 3,285,927.10 $ 4,000,613.85 $ 714,686.75 $ 195,941,857.82
7 $ 3,273,985.42 $ 4,004,614.46 $ 730,629.04 $ 195,211,228.78
8 $ 3,261,777.37 $ 4,008,619.07 $ 746,841.71 $ 194,464,387.08
9 $ 3,249,298.42 $ 4,012,627.69 $ 763,329.28 $ 193,701,057.80
10 $ 3,236,543.98 $ 4,016,640.32 $ 780,096.34 $ 192,920,961.46
11 $ 3,223,509.38 $ 4,020,656.96 $ 797,147.59 $ 192,123,813.87
12 $ 3,210,189.87 $ 4,024,677.62 $ 814,487.75 $ 191,309,326.12
13 $ 3,196,580.62 $ 4,028,702.30 $ 832,121.68 $ 190,477,204.44
14 $ 3,182,676.73 $ 4,032,731.00 $ 850,054.27 $ 189,627,150.17
15 $ 3,168,473.20 $ 4,036,763.73 $ 868,290.53 $ 188,758,859.64
16 $ 3,153,964.97 $ 4,040,800.49 $ 886,835.53 $ 187,872,024.11
17 $ 3,139,146.86 $ 4,044,841.29 $ 905,694.43 $ 186,966,329.68
18 $ 3,124,013.65 $ 4,048,886.14 $ 924,872.49 $ 186,041,457.20
19 $ 3,108,559.99 $ 4,052,935.02 $ 944,375.03 $ 185,097,082.16
20 $ 3,092,780.46 $ 4,056,987.96 $ 964,207.50 $ 184,132,874.66
21 $ 3,076,669.55 $ 4,061,044.94 $ 984,375.39 $ 183,148,499.27
22 $ 3,060,221.66 $ 4,065,105.99 $ 1,004,884.33 $ 182,143,614.94
23 $ 3,043,431.08 $ 4,069,171.10 $ 1,025,740.01 $ 181,117,874.93
24 $ 3,026,292.03 $ 4,073,240.27 $ 1,046,948.24 $ 180,070,926.69
25 $ 3,008,798.61 $ 4,077,313.51 $ 1,068,514.90 $ 179,002,411.79
26 $ 2,990,944.83 $ 4,081,390.82 $ 1,090,445.99 $ 177,911,965.80
27 $ 2,972,724.61 $ 4,085,472.21 $ 1,112,747.60 $ 176,799,218.20
28 $ 2,954,131.75 $ 4,089,557.68 $ 1,135,425.93 $ 175,663,792.27
29 $ 2,935,159.96 $ 4,093,647.24 $ 1,158,487.28 $ 174,505,304.99
30 $ 2,915,802.84 $ 4,097,740.89 $ 1,181,938.05 $ 173,323,366.93
31 $ 2,896,053.88 $ 4,101,838.63 $ 1,205,784.75 $ 172,117,582.18
32 $ 2,875,906.46 $ 4,105,940.47 $ 1,230,034.00 $ 170,887,548.18
33 $ 2,855,353.87 $ 4,110,046.41 $ 1,254,692.54 $ 169,632,855.64
34 $ 2,834,389.26 $ 4,114,156.45 $ 1,279,767.20 $ 168,353,088.44
35 $ 2,813,005.67 $ 4,118,270.61 $ 1,305,264.94 $ 167,047,823.50
36 $ 2,791,196.05 $ 4,122,388.88 $ 1,331,192.83 $ 165,716,630.67
37 $ 2,768,953.20 $ 4,126,511.27 $ 1,357,558.08 $ 164,359,072.59
38 $ 2,746,269.81 $ 4,130,637.78 $ 1,384,367.98 $ 162,974,704.62
39 $ 2,723,138.45 $ 4,134,768.42 $ 1,411,629.97 $ 161,563,074.65
40 $ 2,699,551.58 $ 4,138,903.19 $ 1,439,351.61 $ 160,123,723.04
41 $ 2,675,501.50 $ 4,143,042.09 $ 1,467,540.59 $ 158,656,182.45
42 $ 2,650,980.42 $ 4,147,185.13 $ 1,496,204.71 $ 157,159,977.74
43 $ 2,625,980.39 $ 4,151,332.32 $ 1,525,351.93 $ 155,634,625.81
44 $ 2,600,493.34 $ 4,155,483.65 $ 1,554,990.31 $ 154,079,635.50
45 $ 2,574,511.06 $ 4,159,639.13 $ 1,585,128.07 $ 152,494,507.43
46 $ 2,548,025.22 $ 4,163,798.77 $ 1,615,773.56 $ 150,878,733.87
47 $ 2,521,027.31 $ 4,167,962.57 $ 1,646,935.26 $ 149,231,798.61
48 $ 2,493,508.73 $ 4,172,130.53 $ 1,678,621.80 $ 147,553,176.81
49 $ 2,465,460.70 $ 4,176,302.67 $ 1,710,841.96 $ 145,842,334.85
50 $ 2,436,874.30 $ 4,180,478.97 $ 1,743,604.66 $ 144,098,730.18
51 $ 2,407,740.48 $ 4,184,659.45 $ 1,776,918.97 $ 142,321,811.21
52 $ 2,378,050.00 $ 4,188,844.11 $ 1,810,794.10 $ 140,511,017.11
53 $ 2,347,793.51 $ 4,193,032.95 $ 1,845,239.44 $ 138,665,777.67
54 $ 2,316,961.47 $ 4,197,225.98 $ 1,880,264.51 $ 136,785,513.15
55 $ 2,285,544.20 $ 4,201,423.21 $ 1,915,879.01 $ 134,869,634.14
56 $ 2,253,531.84 $ 4,205,624.63 $ 1,952,092.79 $ 132,917,541.35
57 $ 2,220,914.40 $ 4,209,830.26 $ 1,988,915.86 $ 130,928,625.49
58 $ 2,187,681.67 $ 4,214,040.09 $ 2,026,358.41 $ 128,902,267.08
59 $ 2,153,823.32 $ 4,218,254.13 $ 2,064,430.80 $ 126,837,836.28
60 $ 2,119,328.82 $ 4,222,472.38 $ 2,103,143.56 $ 124,734,692.72
61 $ 2,084,187.47 $ 4,226,694.85 $ 2,142,507.38 $ 122,592,185.34
62 $ 2,048,388.40 $ 4,230,921.55 $ 2,182,533.15 $ 120,409,652.19
63 $ 2,011,920.53 $ 4,235,152.47 $ 2,223,231.94 $ 118,186,420.24
64 $ 1,974,772.63 $ 4,239,387.62 $ 2,264,615.00 $ 115,921,805.25
65 $ 1,936,933.26 $ 4,243,627.01 $ 2,306,693.75 $ 113,615,111.49
66 $ 1,898,390.79 $ 4,247,870.64 $ 2,349,479.84 $ 111,265,631.65
67 $ 1,859,133.42 $ 4,252,118.51 $ 2,392,985.09 $ 108,872,646.56
68 $ 1,819,149.12 $ 4,256,370.63 $ 2,437,221.51 $ 106,435,425.05
69 $ 1,778,425.67 $ 4,260,627.00 $ 2,482,201.33 $ 103,953,223.73
70 $ 1,736,950.66 $ 4,264,887.62 $ 2,527,936.96 $ 101,425,286.76
71 $ 1,694,711.45 $ 4,269,152.51 $ 2,574,441.06 $ 98,850,845.70
72 $ 1,651,695.21 $ 4,273,421.66 $ 2,621,726.45 $ 96,229,119.25
73 $ 1,607,888.88 $ 4,277,695.09 $ 2,669,806.21 $ 93,559,313.04
74 $ 1,563,279.18 $ 4,281,972.78 $ 2,718,693.60 $ 90,840,619.44
75 $ 1,517,852.63 $ 4,286,254.75 $ 2,768,402.13 $ 88,072,217.31
76 $ 1,471,595.50 $ 4,290,541.01 $ 2,818,945.51 $ 85,253,271.80
 77 $ 1,424,493.84 $ 4,294,831.55 $ 2,870,337.71 $ 82,382,934.09
78 $ 1,376,533.47 $ 4,299,126.38 $ 2,922,592.91 $ 79,460,341.18
79 $ 1,327,699.97 $ 4,303,425.51 $ 2,975,725.54 $ 76,484,615.64
80 $ 1,277,978.68 $ 4,307,728.93 $ 3,029,750.25 $ 73,454,865.39
81 $ 1,227,354.69 $ 4,312,036.66 $ 3,084,681.97 $ 70,370,183.42
82 $ 1,175,812.85 $ 4,316,348.70 $ 3,140,535.85 $ 67,229,647.57
83 $ 1,123,337.75 $ 4,320,665.05 $ 3,197,327.29 $ 64,032,320.28
84 $ 1,069,913.73 $ 4,324,985.71 $ 3,255,071.99 $ 60,777,248.29
85 $ 1,015,524.85 $ 4,329,310.70 $ 3,313,785.85 $ 57,463,462.44
86 $ 960,154.92 $ 4,333,640.01 $ 3,373,485.09 $ 54,089,977.35
87 $ 903,787.48 $ 4,337,973.65 $ 3,434,186.17 $ 50,655,791.17
88 $ 846,405.78 $ 4,342,311.62 $ 3,495,905.84 $ 47,159,885.34
89 $ 787,992.82 $ 4,346,653.93 $ 3,558,661.11 $ 43,601,224.22
90 $ 728,531.28 $ 4,351,000.59 $ 3,622,469.31 $ 39,978,754.92
91 $ 668,003.57 $ 4,355,351.59 $ 3,687,348.02 $ 36,291,406.90
92 $ 606,391.81 $ 4,359,706.94 $ 3,753,315.13 $ 32,538,091.77
93 $ 543,677.80 $ 4,364,066.65 $ 3,820,388.85 $ 28,717,702.92
94 $ 479,843.06 $ 4,368,430.71 $ 3,888,587.65 $ 24,829,115.26
95 $ 414,868.79 $ 4,372,799.14 $ 3,957,930.35 $ 20,871,184.91
96 $ 348,735.87 $ 4,377,171.94 $ 4,028,436.07 $ 16,842,748.84
97 $ 281,424.88 $ 4,381,549.12 $ 4,100,124.23 $ 12,742,624.61
98 $ 212,916.05 $ 4,385,930.66 $ 4,173,014.61 $ 8,569,610.00
99 $ 143,189.30 $ 4,390,316.60 $ 4,247,127.29 $ 4,322,482.70
100 $ 72,224.21 $ 4,394,706.91 $ 4,322,482.70 $ 0.00
udiantes se dividen los cinco
ncisos A, B, C, D y E)

a creciente geométricamente.
es a una tasa del 22% efectivo
ficar los intereses pagados en

INTERES ACUM

$ 3,341,792.77
$ 6,672,910.56
$ 9,993,108.48
$ 13,302,137.49
$ 16,599,744.33
$ 19,885,671.43
$ 23,159,656.85
$ 26,421,434.22
$ 29,670,732.64
$ 32,907,276.62
$ 36,130,785.99
$ 39,340,975.86
$ 42,537,556.48
$ 45,720,233.20
$ 48,888,706.41
$ 52,042,671.37
$ 55,181,818.24
$ 58,305,831.88
$ 61,414,391.87
$ 64,507,172.33
$ 67,583,841.88
$ 70,644,063.54
$ 73,687,494.62
$ 76,713,786.65
$ 79,722,585.26
$ 82,713,530.09
$ 85,686,254.70
$ 88,640,386.45
$ 91,575,546.41
$ 94,491,349.24
$ 97,387,403.12
$ 100,263,309.58
$ 103,118,663.45
$ 105,953,052.71
$ 108,766,058.38
$ 111,557,254.43
$ 114,326,207.62
$ 117,072,477.43
$ 119,795,615.88
$ 122,495,167.46
$ 125,170,668.96
$ 127,821,649.38
$ 130,447,629.77
$ 133,048,123.11
$ 135,622,634.18
$ 138,170,659.39
$ 140,691,686.71
$ 143,185,195.44
$ 145,650,656.14
$ 148,087,530.44
$ 150,495,270.92
$ 152,873,320.92
$ 155,221,114.43
$ 157,538,075.90
$ 159,823,620.10
$ 162,077,151.94
$ 164,298,066.34
$ 166,485,748.01
$ 168,639,571.34
$ 170,758,900.16
$ 172,843,087.63
$ 174,891,476.03
$ 176,903,396.56
$ 178,878,169.18
$ 180,815,102.44
$ 182,713,493.23
$ 184,572,626.65
$ 186,391,775.77
$ 188,170,201.44
$ 189,907,152.10
$ 191,601,863.56
$ 193,253,558.77
$ 194,861,447.64
$ 196,424,726.82
$ 197,942,579.45
$ 199,414,174.95
$ 200,838,668.79
$ 202,215,202.26
$ 203,542,902.23
$ 204,820,880.91
$ 206,048,235.60
$ 207,224,048.45
$ 208,347,386.20
$ 209,417,299.93
$ 210,432,824.78
$ 211,392,979.69
$ 212,296,767.17
$ 213,143,172.96
$ 213,931,165.78
$ 214,659,697.06
$ 215,327,700.63
$ 215,934,092.44
$ 216,477,770.24
$ 216,957,613.30
$ 217,372,482.09
$ 217,721,217.96
$ 218,002,642.84
$ 218,215,558.90
$ 218,358,748.20
$ 218,430,972.41
 2. Construir la tabla de amortización para los siguientes escenarios. (Los estudiantes se dividen los cinco
escenarios y coloca en el foro el ejercicio que va a desarrollar de los incisos A, B, C, D y E)

D. El banco D ofrece pagar un crédito de 200.000.000 con un sistema de cuota fija. Amortizando en 100
cuotas mensuales iguales a una tasa del 20% efectivo anual. Es necesario construir la tabla de amortización
para este caso y especificar los intereses pagados en este préstamo.

Valor inicial $ 200,000,000.00

interes annual 20.00%
interes mensual 1.53%
n (meses) 100
Crecimiento 0.00%

PERIODO INTERES CUOTA CAPITAL SALDO FINAL

0 $ 200,000,000.00
1 $ 3,061,894.10 $ 3,919,750.78 $ 857,856.68 $ 199,142,143.32
2 $ 3,048,760.77 $ 3,919,750.78 $ 870,990.01 $ 198,271,153.30
3 $ 3,035,426.37 $ 3,919,750.78 $ 884,324.41 $ 197,386,828.90
4 $ 3,021,887.83 $ 3,919,750.78 $ 897,862.95 $ 196,488,965.95
5 $ 3,008,142.03 $ 3,919,750.78 $ 911,608.75 $ 195,577,357.19
6 $ 2,994,185.78 $ 3,919,750.78 $ 925,565.00 $ 194,651,792.19
7 $ 2,980,015.87 $ 3,919,750.78 $ 939,734.91 $ 193,712,057.28
8 $ 2,965,629.03 $ 3,919,750.78 $ 954,121.76 $ 192,757,935.53
9 $ 2,951,021.93 $ 3,919,750.78 $ 968,728.85 $ 191,789,206.67
10 $ 2,936,191.20 $ 3,919,750.78 $ 983,559.58 $ 190,805,647.09
11 $ 2,921,133.43 $ 3,919,750.78 $ 998,617.36 $ 189,807,029.73
12 $ 2,905,845.12 $ 3,919,750.78 $ 1,013,905.66 $ 188,793,124.07
13 $ 2,890,322.76 $ 3,919,750.78 $ 1,029,428.02 $ 187,763,696.06
14 $ 2,874,562.77 $ 3,919,750.78 $ 1,045,188.02 $ 186,718,508.04
15 $ 2,858,561.49 $ 3,919,750.78 $ 1,061,189.29 $ 185,657,318.75
16 $ 2,842,315.24 $ 3,919,750.78 $ 1,077,435.54 $ 184,579,883.21
17 $ 2,825,820.28 $ 3,919,750.78 $ 1,093,930.50 $ 183,485,952.71
18 $ 2,809,072.78 $ 3,919,750.78 $ 1,110,678.00 $ 182,375,274.71
19 $ 2,792,068.89 $ 3,919,750.78 $ 1,127,681.89 $ 181,247,592.81
20 $ 2,774,804.68 $ 3,919,750.78 $ 1,144,946.11 $ 180,102,646.70
21 $ 2,757,276.16 $ 3,919,750.78 $ 1,162,474.63 $ 178,940,172.08
22 $ 2,739,479.29 $ 3,919,750.78 $ 1,180,271.50 $ 177,759,900.58
23 $ 2,721,409.95 $ 3,919,750.78 $ 1,198,340.83 $ 176,561,559.76
24 $ 2,703,063.99 $ 3,919,750.78 $ 1,216,686.79 $ 175,344,872.96
25 $ 2,684,437.16 $ 3,919,750.78 $ 1,235,313.62 $ 174,109,559.34
26 $ 2,665,525.16 $ 3,919,750.78 $ 1,254,225.62 $ 172,855,333.72
27 $ 2,646,323.63 $ 3,919,750.78 $ 1,273,427.15 $ 171,581,906.57
28 $ 2,626,828.14 $ 3,919,750.78 $ 1,292,922.64 $ 170,288,983.93
29 $ 2,607,034.18 $ 3,919,750.78 $ 1,312,716.61 $ 168,976,267.32
30 $ 2,586,937.18 $ 3,919,750.78 $ 1,332,813.60 $ 167,643,453.72
31 $ 2,566,532.51 $ 3,919,750.78 $ 1,353,218.27 $ 166,290,235.45
32 $ 2,545,815.45 $ 3,919,750.78 $ 1,373,935.33 $ 164,916,300.12
33 $ 2,524,781.23 $ 3,919,750.78 $ 1,394,969.55 $ 163,521,330.57
34 $ 2,503,424.99 $ 3,919,750.78 $ 1,416,325.80 $ 162,105,004.77
35 $ 2,481,741.79 $ 3,919,750.78 $ 1,438,008.99 $ 160,666,995.78
36 $ 2,459,726.63 $ 3,919,750.78 $ 1,460,024.15 $ 159,206,971.63
37 $ 2,437,374.44 $ 3,919,750.78 $ 1,482,376.35 $ 157,724,595.29
38 $ 2,414,680.04 $ 3,919,750.78 $ 1,505,070.74 $ 156,219,524.54
39 $ 2,391,638.20 $ 3,919,750.78 $ 1,528,112.58 $ 154,691,411.96
40 $ 2,368,243.61 $ 3,919,750.78 $ 1,551,507.17 $ 153,139,904.79
41 $ 2,344,490.85 $ 3,919,750.78 $ 1,575,259.93 $ 151,564,644.86
42 $ 2,320,374.46 $ 3,919,750.78 $ 1,599,376.32 $ 149,965,268.54
43 $ 2,295,888.85 $ 3,919,750.78 $ 1,623,861.93 $ 148,341,406.61
44 $ 2,271,028.39 $ 3,919,750.78 $ 1,648,722.39 $ 146,692,684.22
45 $ 2,245,787.32 $ 3,919,750.78 $ 1,673,963.46 $ 145,018,720.76
46 $ 2,220,159.83 $ 3,919,750.78 $ 1,699,590.95 $ 143,319,129.80
47 $ 2,194,139.99 $ 3,919,750.78 $ 1,725,610.79 $ 141,593,519.01
48 $ 2,167,721.80 $ 3,919,750.78 $ 1,752,028.98 $ 139,841,490.03
49 $ 2,140,899.17 $ 3,919,750.78 $ 1,778,851.62 $ 138,062,638.42
50 $ 2,113,665.89 $ 3,919,750.78 $ 1,806,084.89 $ 136,256,553.53
51 $ 2,086,015.69 $ 3,919,750.78 $ 1,833,735.10 $ 134,422,818.43
52 $ 2,057,942.17 $ 3,919,750.78 $ 1,861,808.61 $ 132,561,009.82
53 $ 2,029,438.87 $ 3,919,750.78 $ 1,890,311.91 $ 130,670,697.91
54 $ 2,000,499.19 $ 3,919,750.78 $ 1,919,251.59 $ 128,751,446.32
55 $ 1,971,116.47 $ 3,919,750.78 $ 1,948,634.31 $ 126,802,812.01
56 $ 1,941,283.91 $ 3,919,750.78 $ 1,978,466.87 $ 124,824,345.14
57 $ 1,910,994.63 $ 3,919,750.78 $ 2,008,756.15 $ 122,815,588.99
58 $ 1,880,241.64 $ 3,919,750.78 $ 2,039,509.15 $ 120,776,079.84
59 $ 1,849,017.83 $ 3,919,750.78 $ 2,070,732.95 $ 118,705,346.89
60 $ 1,817,316.01 $ 3,919,750.78 $ 2,102,434.78 $ 116,602,912.11
61 $ 1,785,128.84 $ 3,919,750.78 $ 2,134,621.94 $ 114,468,290.18
62 $ 1,752,448.91 $ 3,919,750.78 $ 2,167,301.87 $ 112,300,988.31
63 $ 1,719,268.67 $ 3,919,750.78 $ 2,200,482.11 $ 110,100,506.19
64 $ 1,685,580.45 $ 3,919,750.78 $ 2,234,170.33 $ 107,866,335.86
65 $ 1,651,376.49 $ 3,919,750.78 $ 2,268,374.30 $ 105,597,961.57
66 $ 1,616,648.88 $ 3,919,750.78 $ 2,303,101.90 $ 103,294,859.66
67 $ 1,581,389.61 $ 3,919,750.78 $ 2,338,361.18 $ 100,956,498.49
68 $ 1,545,590.54 $ 3,919,750.78 $ 2,374,160.25 $ 98,582,338.24
69 $ 1,509,243.40 $ 3,919,750.78 $ 2,410,507.38 $ 96,171,830.86
70 $ 1,472,339.81 $ 3,919,750.78 $ 2,447,410.97 $ 93,724,419.88
71 $ 1,434,871.24 $ 3,919,750.78 $ 2,484,879.54 $ 91,239,540.34
72 $ 1,396,829.05 $ 3,919,750.78 $ 2,522,921.73 $ 88,716,618.61
73 $ 1,358,204.46 $ 3,919,750.78 $ 2,561,546.33 $ 86,155,072.29
74 $ 1,318,988.54 $ 3,919,750.78 $ 2,600,762.24 $ 83,554,310.04
75 $ 1,279,172.24 $ 3,919,750.78 $ 2,640,578.54 $ 80,913,731.50
76 $ 1,238,746.39 $ 3,919,750.78 $ 2,681,004.40 $ 78,232,727.11
 77 $ 1,197,701.63 $ 3,919,750.78 $ 2,722,049.15 $ 75,510,677.95
78 $ 1,156,028.50 $ 3,919,750.78 $ 2,763,722.29 $ 72,746,955.67
79 $ 1,113,717.37 $ 3,919,750.78 $ 2,806,033.41 $ 69,940,922.26
80 $ 1,070,758.49 $ 3,919,750.78 $ 2,848,992.30 $ 67,091,929.96
81 $ 1,027,141.92 $ 3,919,750.78 $ 2,892,608.86 $ 64,199,321.10
82 $ 982,857.61 $ 3,919,750.78 $ 2,936,893.17 $ 61,262,427.93
83 $ 937,895.33 $ 3,919,750.78 $ 2,981,855.45 $ 58,280,572.49
84 $ 892,244.71 $ 3,919,750.78 $ 3,027,506.08 $ 55,253,066.41
85 $ 845,895.19 $ 3,919,750.78 $ 3,073,855.59 $ 52,179,210.82
86 $ 798,836.09 $ 3,919,750.78 $ 3,120,914.69 $ 49,058,296.12
87 $ 751,056.54 $ 3,919,750.78 $ 3,168,694.24 $ 45,889,601.88
88 $ 702,545.51 $ 3,919,750.78 $ 3,217,205.28 $ 42,672,396.60
89 $ 653,291.80 $ 3,919,750.78 $ 3,266,458.98 $ 39,405,937.62
90 $ 603,284.04 $ 3,919,750.78 $ 3,316,466.74 $ 36,089,470.88
91 $ 552,510.69 $ 3,919,750.78 $ 3,367,240.09 $ 32,722,230.79
92 $ 500,960.03 $ 3,919,750.78 $ 3,418,790.75 $ 29,303,440.03
93 $ 448,620.15 $ 3,919,750.78 $ 3,471,130.63 $ 25,832,309.40
94 $ 395,478.98 $ 3,919,750.78 $ 3,524,271.80 $ 22,308,037.60
95 $ 341,524.24 $ 3,919,750.78 $ 3,578,226.54 $ 18,729,811.06
96 $ 286,743.49 $ 3,919,750.78 $ 3,633,007.29 $ 15,096,803.77
97 $ 231,124.07 $ 3,919,750.78 $ 3,688,626.71 $ 11,408,177.06
98 $ 174,653.15 $ 3,919,750.78 $ 3,745,097.63 $ 7,663,079.42
99 $ 117,317.69 $ 3,919,750.78 $ 3,802,433.09 $ 3,860,646.33
100 $ 59,104.45 $ 3,919,750.78 $ 3,860,646.33 $ (0.00)
udiantes se dividen los cinco
ncisos A, B, C, D y E)

ota fija. Amortizando en 100

struir la tabla de amortización
préstamo.

$ 3,061,894.10
$ 3,919,750.78
78.11%

INTERES ACUM

$ 3,061,894.10
$ 6,110,654.87
$ 9,146,081.24
$ 12,167,969.07
$ 15,176,111.10
$ 18,170,296.88
$ 21,150,312.75
$ 24,115,941.78
$ 27,066,963.71
$ 30,003,154.91
$ 32,924,288.33
$ 35,830,133.46
$ 38,720,456.22
$ 41,595,018.99
$ 44,453,580.48
$ 47,295,895.72
$ 50,121,716.00
$ 52,930,788.78
$ 55,722,857.67
$ 58,497,662.34
$ 61,254,938.50
$ 63,994,417.78
$ 66,715,827.74
$ 69,418,891.73
$ 72,103,328.89
$ 74,768,854.05
$ 77,415,177.68
$ 80,042,005.82
$ 82,649,040.00
$ 85,235,977.18
$ 87,802,509.68
$ 90,348,325.14
$ 92,873,106.37
$ 95,376,531.36
$ 97,858,273.14
$ 100,317,999.78
$ 102,755,374.21
$ 105,170,054.25
$ 107,561,692.45
$ 109,929,936.06
$ 112,274,426.92
$ 114,594,801.38
$ 116,890,690.23
$ 119,161,718.62
$ 121,407,505.94
$ 123,627,665.77
$ 125,821,805.76
$ 127,989,527.56
$ 130,130,426.73
$ 132,244,092.62
$ 134,330,108.30
$ 136,388,050.48
$ 138,417,489.35
$ 140,417,988.54
$ 142,389,105.01
$ 144,330,388.92
$ 146,241,383.55
$ 148,121,625.19
$ 149,970,643.02
$ 151,787,959.02
$ 153,573,087.87
$ 155,325,536.78
$ 157,044,805.45
$ 158,730,385.90
$ 160,381,762.38
$ 161,998,411.26
$ 163,579,800.87
$ 165,125,391.40
$ 166,634,634.80
$ 168,106,974.61
$ 169,541,845.85
$ 170,938,674.90
$ 172,296,879.36
$ 173,615,867.90
$ 174,895,040.14
$ 176,133,786.53
$ 177,331,488.15
$ 178,487,516.65
$ 179,601,234.02
$ 180,671,992.51
$ 181,699,134.43
$ 182,681,992.04
$ 183,619,887.38
$ 184,512,132.08
$ 185,358,027.27
$ 186,156,863.36
$ 186,907,919.90
$ 187,610,465.40
$ 188,263,757.20
$ 188,867,041.24
$ 189,419,551.93
$ 189,920,511.96
$ 190,369,132.11
$ 190,764,611.09
$ 191,106,135.33
$ 191,392,878.82
$ 191,624,002.89
$ 191,798,656.04
$ 191,915,973.73
$ 191,975,078.18
 3. A continuación, se presentan varios problemas. Es necesario que los estudiantes se dividen los ejercicios y re
comentarios a los ejercicios desarrollados por sus compañeros que permitan dar respuesta a los interrogantes pla
(Cada uno selecciona dos ejercicios de los enunciados y coloca en el foro el punto que se compromete a desarr

B. El señor García compró su casa hace 4 años. La casa se compró a un plazo de 180 cuotas mensuales y una tasa
nominal del 24% liquidable mensualmente. Hoy tiene una deuda de $180.000.000. Si la cuota inicial dada por e
García fue del 40%. ¿Cuánto costó la casa?

VP $ 80,000,000.00
n = (180-48) 132
ip 2%

C= $ 1,726,453.93
n= 180
ip 2% VP=

Sí 80% $ 83,878,736.42
100% $ 104,848,420.52 valor total de la casa
 los estudiantes se dividen los ejercicios y realizan
ermitan dar respuesta a los interrogantes planteados.
el foro el punto que se compromete a desarrollar)

n plazo de 180 cuotas mensuales y una tasa de interés

$180.000.000. Si la cuota inicial dada por el Señor
costó la casa?

$ 1,600,000.00
0.93 $ 1,726,454

0.97
$ 1,677,574.73
$ 83,878,736.42 80% del valor total
 3. A continuación, se presentan varios problemas. Es necesario que los estudiantes se dividen los
ejercicios y realizan comentarios a los ejercicios desarrollados por sus compañeros que permitan dar
respuesta a los interrogantes planteados. (Cada uno selecciona dos ejercicios de los enunciados y coloca
en el foro el punto que se compromete a desarrollar)

C. La compañía Ferromaquinados desea reunir $140.000.000 mediante depósitos mensuales durante 5

años en una cuenta que paga el 24% anual liquidable mensualmente. ¿Cuál es el total de intereses
ganados hasta el mes 40?

interes annua 24.00% interes ganado (40) $ 25,043,744.78

interes mensu 2.00%
cuota $ 1,227,515.22 $ 1,193,189.58

PERIODO INTERES CUOTA SALDO SALDO ACUM

0
1 $ - $ 1,227,515.22 $ 1,227,515.22 $ 1,227,515.22
2 $ 24,550.30 $ 1,227,515.22 $ 1,252,065.52 $ 2,479,580.74
3 $ 49,591.61 $ 1,227,515.22 $ 1,277,106.83 $ 3,756,687.57
4 $ 75,133.75 $ 1,227,515.22 $ 1,302,648.97 $ 5,059,336.53
5 $ 101,186.73 $ 1,227,515.22 $ 1,328,701.95 $ 6,388,038.48
6 $ 127,760.77 $ 1,227,515.22 $ 1,355,275.99 $ 7,743,314.46
7 $ 154,866.29 $ 1,227,515.22 $ 1,382,381.50 $ 9,125,695.97
8 $ 182,513.92 $ 1,227,515.22 $ 1,410,029.13 $ 10,535,725.10
9 $ 210,714.50 $ 1,227,515.22 $ 1,438,229.72 $ 11,973,954.82
10 $ 239,479.10 $ 1,227,515.22 $ 1,466,994.31 $ 13,440,949.13
11 $ 268,818.98 $ 1,227,515.22 $ 1,496,334.20 $ 14,937,283.33
12 $ 298,745.67 $ 1,227,515.22 $ 1,526,260.88 $ 16,463,544.21
13 $ 329,270.88 $ 1,227,515.22 $ 1,556,786.10 $ 18,020,330.31
14 $ 360,406.61 $ 1,227,515.22 $ 1,587,921.82 $ 19,608,252.14
15 $ 392,165.04 $ 1,227,515.22 $ 1,619,680.26 $ 21,227,932.39
16 $ 424,558.65 $ 1,227,515.22 $ 1,652,073.86 $ 22,880,006.26
17 $ 457,600.13 $ 1,227,515.22 $ 1,685,115.34 $ 24,565,121.60
18 $ 491,302.43 $ 1,227,515.22 $ 1,718,817.65 $ 26,283,939.25
19 $ 525,678.78 $ 1,227,515.22 $ 1,753,194.00 $ 28,037,133.25
20 $ 560,742.66 $ 1,227,515.22 $ 1,788,257.88 $ 29,825,391.13
21 $ 596,507.82 $ 1,227,515.22 $ 1,824,023.04 $ 31,649,414.17
22 $ 632,988.28 $ 1,227,515.22 $ 1,860,503.50 $ 33,509,917.66
23 $ 670,198.35 $ 1,227,515.22 $ 1,897,713.57 $ 35,407,631.23
24 $ 708,152.62 $ 1,227,515.22 $ 1,935,667.84 $ 37,343,299.07
25 $ 746,865.98 $ 1,227,515.22 $ 1,974,381.20 $ 39,317,680.27
26 $ 786,353.61 $ 1,227,515.22 $ 2,013,868.82 $ 41,331,549.09
27 $ 826,630.98 $ 1,227,515.22 $ 2,054,146.20 $ 43,385,695.29
28 $ 867,713.91 $ 1,227,515.22 $ 2,095,229.12 $ 45,480,924.41
29 $ 909,618.49 $ 1,227,515.22 $ 2,137,133.70 $ 47,618,058.11
30 $ 952,361.16 $ 1,227,515.22 $ 2,179,876.38 $ 49,797,934.49
31 $ 995,958.69 $ 1,227,515.22 $ 2,223,473.91 $ 52,021,408.40
32 $ 1,040,428.17 $ 1,227,515.22 $ 2,267,943.38 $ 54,289,351.78
33 $ 1,085,787.04 $ 1,227,515.22 $ 2,313,302.25 $ 56,602,654.03
34 $ 1,132,053.08 $ 1,227,515.22 $ 2,359,568.30 $ 58,962,222.33
35 $ 1,179,244.45 $ 1,227,515.22 $ 2,406,759.66 $ 61,368,981.99
36 $ 1,227,379.64 $ 1,227,515.22 $ 2,454,894.86 $ 63,823,876.85
37 $ 1,276,477.54 $ 1,227,515.22 $ 2,503,992.75 $ 66,327,869.60
38 $ 1,326,557.39 $ 1,227,515.22 $ 2,554,072.61 $ 68,881,942.21
39 $ 1,377,638.84 $ 1,227,515.22 $ 2,605,154.06 $ 71,487,096.27
40 $ 1,429,741.93 $ 1,227,515.22 $ 2,657,257.14 $ 74,144,353.41
41 $ 1,482,887.07 $ 1,227,515.22 $ 2,710,402.28 $ 76,854,755.69
42 $ 1,537,095.11 $ 1,227,515.22 $ 2,764,610.33 $ 79,619,366.02
43 $ 1,592,387.32 $ 1,227,515.22 $ 2,819,902.54 $ 82,439,268.56
44 $ 1,648,785.37 $ 1,227,515.22 $ 2,876,300.59 $ 85,315,569.14
45 $ 1,706,311.38 $ 1,227,515.22 $ 2,933,826.60 $ 88,249,395.74
46 $ 1,764,987.91 $ 1,227,515.22 $ 2,992,503.13 $ 91,241,898.87
47 $ 1,824,837.98 $ 1,227,515.22 $ 3,052,353.19 $ 94,294,252.07
48 $ 1,885,885.04 $ 1,227,515.22 $ 3,113,400.26 $ 97,407,652.32
49 $ 1,948,153.05 $ 1,227,515.22 $ 3,175,668.26 $ 100,583,320.58
50 $ 2,011,666.41 $ 1,227,515.22 $ 3,239,181.63 $ 103,822,502.21
51 $ 2,076,450.04 $ 1,227,515.22 $ 3,303,965.26 $ 107,126,467.47
52 $ 2,142,529.35 $ 1,227,515.22 $ 3,370,044.57 $ 110,496,512.04
53 $ 2,209,930.24 $ 1,227,515.22 $ 3,437,445.46 $ 113,933,957.49
54 $ 2,278,679.15 $ 1,227,515.22 $ 3,506,194.37 $ 117,440,151.86
55 $ 2,348,803.04 $ 1,227,515.22 $ 3,576,318.25 $ 121,016,470.11
56 $ 2,420,329.40 $ 1,227,515.22 $ 3,647,844.62 $ 124,664,314.73
57 $ 2,493,286.29 $ 1,227,515.22 $ 3,720,801.51 $ 128,385,116.24
58 $ 2,567,702.32 $ 1,227,515.22 $ 3,795,217.54 $ 132,180,333.78
59 $ 2,643,606.68 $ 1,227,515.22 $ 3,871,121.89 $ 136,051,455.67
60 $ 2,721,029.11 $ 1,227,515.22 $ 3,948,544.33 $ 140,000,000.00
estudiantes se dividen los
mpañeros que permitan dar
s de los enunciados y coloca
ar)

pósitos mensuales durante 5

uál es el total de intereses

INTERES ACUM

$ -
$ 24,550.30
$ 74,141.92
$ 149,275.67
$ 250,462.40
$ 378,223.17
$ 533,089.46
$ 715,603.38
$ 926,317.88
$ 1,165,796.98
$ 1,434,615.96
$ 1,733,361.63
$ 2,062,632.51
$ 2,423,039.12
$ 2,815,204.16
$ 3,239,762.81
$ 3,697,362.93
$ 4,188,665.37
$ 4,714,344.15
$ 5,275,086.82
$ 5,871,594.64
$ 6,504,582.92
$ 7,174,781.27
$ 7,882,933.90
$ 8,629,799.88
$ 9,416,153.49
$ 10,242,784.47
$ 11,110,498.37
$ 12,020,116.86
$ 12,972,478.02
$ 13,968,436.71
$ 15,008,864.88
$ 16,094,651.92
$ 17,226,705.00
$ 18,405,949.44
$ 19,633,329.08
$ 20,909,806.62
$ 22,236,364.01
$ 23,614,002.86
$ 25,043,744.78
$ 26,526,631.85
$ 28,063,726.97
$ 29,656,114.29
$ 31,304,899.66
$ 33,011,211.04
$ 34,776,198.95
$ 36,601,036.93
$ 38,486,921.97
$ 40,435,075.02
$ 42,446,741.43
$ 44,523,191.48
$ 46,665,720.82
$ 48,875,651.07
$ 51,154,330.22
$ 53,503,133.25
$ 55,923,462.65
$ 58,416,748.95
$ 60,984,451.27
$ 63,628,057.95
$ 66,349,087.06
 3. A continuación, se presentan varios problemas. Es necesario que los estudiantes se dividen los ejercic
los ejercicios desarrollados por sus compañeros que permitan dar respuesta a los interrogantes planteado
ejercicios de los enunciados y coloca en el foro el punto que se compromete a desa

D. Un gestor de proyectos requiere solicitar un préstamo a un banco por valor de 60 millones para la
industriales, el cual será pagado en cuotas mensuales iguales durante seis años y una tasa de interés d
mensualmente. El gestor recibe ingresos mensuales de 4.500.000 por el alquiler de las dos máquinas a u
con estos ingresos cancela cada mes la cuota del banco y el resto lo deposita en un fondo de inversión q
capitalizable mensualmente. Hallar el saldo en el fondo dentro de cuatro años

Valor presente anualidad vencida:

VP= $ 60,000,000.00
n= 72
ip= 1.50%

900000
0.658
C= $ 1,368,467.47

Alquiler mensual: $ 4,500,000.00 menos cuota= $ 3,131,532.53

C= $ 3,131,532.53
ip= 1.50%
n= 48

0.511 VF= $ 106,605,364.31 valor del fondo a los

4 años
 es se dividen los ejercicios y realizan comentarios a
interrogantes planteados. (Cada uno selecciona dos
e se compromete a desarrollar)

r de 60 millones para la compra de dos máquinas

s y una tasa de interés del 18% anual capitalizable
de las dos máquinas a una empresa del sector textil;
un fondo de inversión que paga un interés del 18%
do dentro de cuatro años.

Valor de ahorro
 3E. A la compañía ABC, se le concede un crédito por $ 100.000.000 a una tasa del 25% anual efectivo, con un
plazo de 15 años para ser amortizado mediante cuotas mensuales vencidas las cuales se incrementarán cada año e
un 8%. ¿Cuál es el valor de las cuotas que debe pagar ABC los dos primeros años y los dos últimos años?

Valor inicial $ 100,000,000.00 Cuota 1 $ 1,436,656.36

interes annua 25.00% Cuota 2 $ 1,551,588.87
n (años) 15 Cuota 14 $ 3,907,164.73
Crecimiento 8.00% Cuota 15 $ 4,219,737.91
ip 1.88%

PERIODO INTERES CUOTA CAPITAL SALDO FINAL

0 $ 100,000,000.00
1 $ 1,876,926.51 $ 1,436,656.36 $ (440,270.15) $ 100,440,270.15
2 $ 1,885,190.06 $ 1,436,656.36 $ (448,533.70) $ 100,888,803.84
3 $ 1,893,608.71 $ 1,436,656.36 $ (456,952.34) $ 101,345,756.19
4 $ 1,902,185.37 $ 1,436,656.36 $ (465,529.00) $ 101,811,285.19
5 $ 1,910,923.00 $ 1,436,656.36 $ (474,266.64) $ 102,285,551.83
6 $ 1,919,824.64 $ 1,436,656.36 $ (483,168.28) $ 102,768,720.11
7 $ 1,928,893.35 $ 1,436,656.36 $ (492,236.99) $ 103,260,957.10
8 $ 1,938,132.28 $ 1,436,656.36 $ (501,475.92) $ 103,762,433.02
9 $ 1,947,544.61 $ 1,436,656.36 $ (510,888.25) $ 104,273,321.27
10 $ 1,957,133.61 $ 1,436,656.36 $ (520,477.25) $ 104,793,798.52
11 $ 1,966,902.59 $ 1,436,656.36 $ (530,246.22) $ 105,324,044.74
12 $ 1,976,854.92 $ 1,436,656.36 $ (540,198.56) $ 105,864,243.30
13 $ 1,986,994.05 $ 1,551,588.87 $ (435,405.18) $ 106,299,648.48
14 $ 1,995,166.28 $ 1,551,588.87 $ (443,577.41) $ 106,743,225.89
15 $ 2,003,491.91 $ 1,551,588.87 $ (451,903.03) $ 107,195,128.92
16 $ 2,011,973.79 $ 1,551,588.87 $ (460,384.92) $ 107,655,513.84
17 $ 2,020,614.88 $ 1,551,588.87 $ (469,026.01) $ 108,124,539.85
18 $ 2,029,418.15 $ 1,551,588.87 $ (477,829.28) $ 108,602,369.13
19 $ 2,038,386.66 $ 1,551,588.87 $ (486,797.79) $ 109,089,166.92
20 $ 2,047,523.50 $ 1,551,588.87 $ (495,934.62) $ 109,585,101.54
21 $ 2,056,831.82 $ 1,551,588.87 $ (505,242.95) $ 110,090,344.50
22 $ 2,066,314.86 $ 1,551,588.87 $ (514,725.99) $ 110,605,070.49
23 $ 2,075,975.89 $ 1,551,588.87 $ (524,387.02) $ 111,129,457.51
24 $ 2,085,818.25 $ 1,551,588.87 $ (534,229.38) $ 111,663,686.89
25 $ 2,095,845.34 $ 1,675,715.98 $ (420,129.36) $ 112,083,816.25
26 $ 2,103,730.86 $ 1,675,715.98 $ (428,014.88) $ 112,511,831.13
27 $ 2,111,764.39 $ 1,675,715.98 $ (436,048.41) $ 112,947,879.53
28 $ 2,119,948.70 $ 1,675,715.98 $ (444,232.71) $ 113,392,112.25
29 $ 2,128,286.62 $ 1,675,715.98 $ (452,570.64) $ 113,844,682.88
30 $ 2,136,781.04 $ 1,675,715.98 $ (461,065.05) $ 114,305,747.94
31 $ 2,145,434.89 $ 1,675,715.98 $ (469,718.91) $ 114,775,466.84
32 $ 2,154,251.17 $ 1,675,715.98 $ (478,535.18) $ 115,254,002.03
33 $ 2,163,232.92 $ 1,675,715.98 $ (487,516.94) $ 115,741,518.96
34 $ 2,172,383.25 $ 1,675,715.98 $ (496,667.27) $ 116,238,186.24
35 $ 2,181,705.33 $ 1,675,715.98 $ (505,989.35) $ 116,744,175.59
36 $ 2,191,202.38 $ 1,675,715.98 $ (515,486.40) $ 117,259,661.99
37 $ 2,200,877.68 $ 1,809,773.26 $ (391,104.42) $ 117,650,766.41
38 $ 2,208,218.43 $ 1,809,773.26 $ (398,445.17) $ 118,049,211.58
39 $ 2,215,696.95 $ 1,809,773.26 $ (405,923.69) $ 118,455,135.27
40 $ 2,223,315.84 $ 1,809,773.26 $ (413,542.58) $ 118,868,677.85
41 $ 2,231,077.73 $ 1,809,773.26 $ (421,304.47) $ 119,289,982.31
42 $ 2,238,985.30 $ 1,809,773.26 $ (429,212.04) $ 119,719,194.36
43 $ 2,247,041.30 $ 1,809,773.26 $ (437,268.04) $ 120,156,462.40
44 $ 2,255,248.50 $ 1,809,773.26 $ (445,475.24) $ 120,601,937.63
45 $ 2,263,609.74 $ 1,809,773.26 $ (453,836.48) $ 121,055,774.12
46 $ 2,272,127.92 $ 1,809,773.26 $ (462,354.66) $ 121,518,128.77
47 $ 2,280,805.98 $ 1,809,773.26 $ (471,032.72) $ 121,989,161.49
48 $ 2,289,646.91 $ 1,809,773.26 $ (479,873.65) $ 122,469,035.14
49 $ 2,298,653.79 $ 1,954,555.12 $ (344,098.67) $ 122,813,133.81
50 $ 2,305,112.27 $ 1,954,555.12 $ (350,557.15) $ 123,163,690.96
51 $ 2,311,691.97 $ 1,954,555.12 $ (357,136.85) $ 123,520,827.80
52 $ 2,318,395.17 $ 1,954,555.12 $ (363,840.04) $ 123,884,667.85
53 $ 2,325,224.18 $ 1,954,555.12 $ (370,669.05) $ 124,255,336.90
54 $ 2,332,181.36 $ 1,954,555.12 $ (377,626.24) $ 124,632,963.14
55 $ 2,339,269.13 $ 1,954,555.12 $ (384,714.01) $ 125,017,677.15
56 $ 2,346,489.93 $ 1,954,555.12 $ (391,934.81) $ 125,409,611.95
57 $ 2,353,846.26 $ 1,954,555.12 $ (399,291.13) $ 125,808,903.09
58 $ 2,361,340.66 $ 1,954,555.12 $ (406,785.54) $ 126,215,688.62
59 $ 2,368,975.72 $ 1,954,555.12 $ (414,420.60) $ 126,630,109.22
60 $ 2,376,754.09 $ 1,954,555.12 $ (422,198.97) $ 127,052,308.19
61 $ 2,384,678.46 $ 2,110,919.53 $ (273,758.93) $ 127,326,067.12
62 $ 2,389,816.71 $ 2,110,919.53 $ (278,897.18) $ 127,604,964.30
63 $ 2,395,051.41 $ 2,110,919.53 $ (284,131.87) $ 127,889,096.17
64 $ 2,400,384.35 $ 2,110,919.53 $ (289,464.82) $ 128,178,560.99
65 $ 2,405,817.39 $ 2,110,919.53 $ (294,897.86) $ 128,473,458.86
66 $ 2,411,352.41 $ 2,110,919.53 $ (300,432.88) $ 128,773,891.73
67 $ 2,416,991.31 $ 2,110,919.53 $ (306,071.78) $ 129,079,963.52
68 $ 2,422,736.06 $ 2,110,919.53 $ (311,816.53) $ 129,391,780.04
69 $ 2,428,588.62 $ 2,110,919.53 $ (317,669.09) $ 129,709,449.14
70 $ 2,434,551.04 $ 2,110,919.53 $ (323,631.51) $ 130,033,080.65
71 $ 2,440,625.37 $ 2,110,919.53 $ (329,705.83) $ 130,362,786.48
72 $ 2,446,813.70 $ 2,110,919.53 $ (335,894.17) $ 130,698,680.65
73 $ 2,453,118.19 $ 2,279,793.09 $ (173,325.09) $ 130,872,005.74
74 $ 2,456,371.37 $ 2,279,793.09 $ (176,578.28) $ 131,048,584.02
75 $ 2,459,685.62 $ 2,279,793.09 $ (179,892.52) $ 131,228,476.55
76 $ 2,463,062.07 $ 2,279,793.09 $ (183,268.97) $ 131,411,745.52
77 $ 2,466,501.89 $ 2,279,793.09 $ (186,708.80) $ 131,598,454.32
78 $ 2,470,006.28 $ 2,279,793.09 $ (190,213.18) $ 131,788,667.50
79 $ 2,473,576.44 $ 2,279,793.09 $ (193,783.35) $ 131,982,450.85
80 $ 2,477,213.61 $ 2,279,793.09 $ (197,420.52) $ 132,179,871.37
 81 $ 2,480,919.05 $ 2,279,793.09 $ (201,125.96) $ 132,380,997.32
82 $ 2,484,694.04 $ 2,279,793.09 $ (204,900.94) $ 132,585,898.26
83 $ 2,488,539.88 $ 2,279,793.09 $ (208,746.78) $ 132,794,645.05
84 $ 2,492,457.90 $ 2,279,793.09 $ (212,664.81) $ 133,007,309.85
85 $ 2,496,449.46 $ 2,462,176.54 $ (34,272.92) $ 133,041,582.77
86 $ 2,497,092.74 $ 2,462,176.54 $ (34,916.20) $ 133,076,498.97
87 $ 2,497,748.09 $ 2,462,176.54 $ (35,571.55) $ 133,112,070.52
88 $ 2,498,415.74 $ 2,462,176.54 $ (36,239.20) $ 133,148,309.72
89 $ 2,499,095.93 $ 2,462,176.54 $ (36,919.38) $ 133,185,229.10
90 $ 2,499,788.88 $ 2,462,176.54 $ (37,612.33) $ 133,222,841.44
91 $ 2,500,494.83 $ 2,462,176.54 $ (38,318.29) $ 133,261,159.73
92 $ 2,501,214.04 $ 2,462,176.54 $ (39,037.50) $ 133,300,197.22
93 $ 2,501,946.74 $ 2,462,176.54 $ (39,770.20) $ 133,339,967.43
94 $ 2,502,693.20 $ 2,462,176.54 $ (40,516.66) $ 133,380,484.08
95 $ 2,503,453.67 $ 2,462,176.54 $ (41,277.13) $ 133,421,761.21
96 $ 2,504,228.41 $ 2,462,176.54 $ (42,051.87) $ 133,463,813.08
97 $ 2,505,017.69 $ 2,659,150.66 $ 154,132.97 $ 133,309,680.11
98 $ 2,502,124.73 $ 2,659,150.66 $ 157,025.94 $ 133,152,654.17
99 $ 2,499,177.47 $ 2,659,150.66 $ 159,973.20 $ 132,992,680.97
100 $ 2,496,174.89 $ 2,659,150.66 $ 162,975.78 $ 132,829,705.20
101 $ 2,493,115.95 $ 2,659,150.66 $ 166,034.71 $ 132,663,670.48
102 $ 2,489,999.60 $ 2,659,150.66 $ 169,151.06 $ 132,494,519.42
103 $ 2,486,824.76 $ 2,659,150.66 $ 172,325.90 $ 132,322,193.52
104 $ 2,483,590.33 $ 2,659,150.66 $ 175,560.33 $ 132,146,633.19
105 $ 2,480,295.19 $ 2,659,150.66 $ 178,855.47 $ 131,967,777.72
106 $ 2,476,938.21 $ 2,659,150.66 $ 182,212.46 $ 131,785,565.26
107 $ 2,473,518.21 $ 2,659,150.66 $ 185,632.45 $ 131,599,932.81
108 $ 2,470,034.03 $ 2,659,150.66 $ 189,116.64 $ 131,410,816.17
109 $ 2,466,484.45 $ 2,871,882.72 $ 405,398.27 $ 131,005,417.90
110 $ 2,458,875.42 $ 2,871,882.72 $ 413,007.30 $ 130,592,410.61
111 $ 2,451,123.58 $ 2,871,882.72 $ 420,759.14 $ 130,171,651.47
112 $ 2,443,226.24 $ 2,871,882.72 $ 428,656.48 $ 129,742,994.99
113 $ 2,435,180.67 $ 2,871,882.72 $ 436,702.05 $ 129,306,292.94
114 $ 2,426,984.09 $ 2,871,882.72 $ 444,898.62 $ 128,861,394.31
115 $ 2,418,633.67 $ 2,871,882.72 $ 453,249.04 $ 128,408,145.27
116 $ 2,410,126.52 $ 2,871,882.72 $ 461,756.20 $ 127,946,389.07
117 $ 2,401,459.70 $ 2,871,882.72 $ 470,423.02 $ 127,475,966.05
118 $ 2,392,630.20 $ 2,871,882.72 $ 479,252.51 $ 126,996,713.54
119 $ 2,383,634.99 $ 2,871,882.72 $ 488,247.73 $ 126,508,465.81
120 $ 2,374,470.93 $ 2,871,882.72 $ 497,411.78 $ 126,011,054.03
121 $ 2,365,134.88 $ 3,101,633.34 $ 736,498.45 $ 125,274,555.57
122 $ 2,351,311.35 $ 3,101,633.34 $ 750,321.99 $ 124,524,233.58
123 $ 2,337,228.35 $ 3,101,633.34 $ 764,404.98 $ 123,759,828.60
124 $ 2,322,881.03 $ 3,101,633.34 $ 778,752.30 $ 122,981,076.30
125 $ 2,308,264.43 $ 3,101,633.34 $ 793,368.91 $ 122,187,707.39
126 $ 2,293,373.47 $ 3,101,633.34 $ 808,259.86 $ 121,379,447.53
127 $ 2,278,203.03 $ 3,101,633.34 $ 823,430.30 $ 120,556,017.23
128 $ 2,262,747.85 $ 3,101,633.34 $ 838,885.49 $ 119,717,131.74
129 $ 2,247,002.59 $ 3,101,633.34 $ 854,630.75 $ 118,862,500.99
130 $ 2,230,961.79 $ 3,101,633.34 $ 870,671.54 $ 117,991,829.45
131 $ 2,214,619.93 $ 3,101,633.34 $ 887,013.41 $ 117,104,816.04
132 $ 2,197,971.34 $ 3,101,633.34 $ 903,662.00 $ 116,201,154.05
133 $ 2,181,010.27 $ 3,349,764.00 $ 1,168,753.73 $ 115,032,400.31
134 $ 2,159,073.62 $ 3,349,764.00 $ 1,190,690.38 $ 113,841,709.93
135 $ 2,136,725.24 $ 3,349,764.00 $ 1,213,038.77 $ 112,628,671.16
136 $ 2,113,957.39 $ 3,349,764.00 $ 1,235,806.61 $ 111,392,864.55
137 $ 2,090,762.21 $ 3,349,764.00 $ 1,259,001.79 $ 110,133,862.76
138 $ 2,067,131.67 $ 3,349,764.00 $ 1,282,632.33 $ 108,851,230.42
139 $ 2,043,057.60 $ 3,349,764.00 $ 1,306,706.40 $ 107,544,524.02
140 $ 2,018,531.68 $ 3,349,764.00 $ 1,331,232.32 $ 106,213,291.70
141 $ 1,993,545.43 $ 3,349,764.00 $ 1,356,218.57 $ 104,857,073.13
142 $ 1,968,090.21 $ 3,349,764.00 $ 1,381,673.80 $ 103,475,399.34
143 $ 1,942,157.20 $ 3,349,764.00 $ 1,407,606.80 $ 102,067,792.54
144 $ 1,915,737.46 $ 3,349,764.00 $ 1,434,026.54 $ 100,633,766.00
145 $ 1,888,821.83 $ 3,617,745.12 $ 1,728,923.29 $ 98,904,842.71
146 $ 1,856,371.21 $ 3,617,745.12 $ 1,761,373.91 $ 97,143,468.80
147 $ 1,823,311.52 $ 3,617,745.12 $ 1,794,433.60 $ 95,349,035.20
148 $ 1,789,631.32 $ 3,617,745.12 $ 1,828,113.80 $ 93,520,921.40
149 $ 1,755,318.97 $ 3,617,745.12 $ 1,862,426.15 $ 91,658,495.24
150 $ 1,720,362.60 $ 3,617,745.12 $ 1,897,382.52 $ 89,761,112.72
151 $ 1,684,750.12 $ 3,617,745.12 $ 1,932,995.00 $ 87,828,117.72
152 $ 1,648,469.23 $ 3,617,745.12 $ 1,969,275.90 $ 85,858,841.82
153 $ 1,611,507.37 $ 3,617,745.12 $ 2,006,237.76 $ 83,852,604.06
154 $ 1,573,851.76 $ 3,617,745.12 $ 2,043,893.37 $ 81,808,710.70
155 $ 1,535,489.38 $ 3,617,745.12 $ 2,082,255.74 $ 79,726,454.96
156 $ 1,496,406.97 $ 3,617,745.12 $ 2,121,338.15 $ 77,605,116.81
157 $ 1,456,591.01 $ 3,907,164.73 $ 2,450,573.72 $ 75,154,543.09
158 $ 1,410,595.54 $ 3,907,164.73 $ 2,496,569.19 $ 72,657,973.90
159 $ 1,363,736.78 $ 3,907,164.73 $ 2,543,427.96 $ 70,114,545.94
160 $ 1,315,998.50 $ 3,907,164.73 $ 2,591,166.23 $ 67,523,379.71
161 $ 1,267,364.22 $ 3,907,164.73 $ 2,639,800.52 $ 64,883,579.19
162 $ 1,217,817.10 $ 3,907,164.73 $ 2,689,347.63 $ 62,194,231.56
163 $ 1,167,340.02 $ 3,907,164.73 $ 2,739,824.71 $ 59,454,406.85
164 $ 1,115,915.52 $ 3,907,164.73 $ 2,791,249.21 $ 56,663,157.64
165 $ 1,063,525.83 $ 3,907,164.73 $ 2,843,638.90 $ 53,819,518.74
166 $ 1,010,152.82 $ 3,907,164.73 $ 2,897,011.92 $ 50,922,506.82
167 $ 955,778.03 $ 3,907,164.73 $ 2,951,386.70 $ 47,971,120.12
168 $ 900,382.67 $ 3,907,164.73 $ 3,006,782.06 $ 44,964,338.06
169 $ 843,947.58 $ 4,219,737.91 $ 3,375,790.33 $ 41,588,547.73
170 $ 780,586.48 $ 4,219,737.91 $ 3,439,151.43 $ 38,149,396.30
171 $ 716,036.13 $ 4,219,737.91 $ 3,503,701.78 $ 34,645,694.53
172 $ 650,274.23 $ 4,219,737.91 $ 3,569,463.68 $ 31,076,230.84
173 $ 583,278.02 $ 4,219,737.91 $ 3,636,459.89 $ 27,439,770.95
174 $ 515,024.34 $ 4,219,737.91 $ 3,704,713.57 $ 23,735,057.37
175 $ 445,489.58 $ 4,219,737.91 $ 3,774,248.33 $ 19,960,809.04
176 $ 374,649.72 $ 4,219,737.91 $ 3,845,088.19 $ 16,115,720.85
177 $ 302,480.24 $ 4,219,737.91 $ 3,917,257.67 $ 12,198,463.18
178 $ 228,956.19 $ 4,219,737.91 $ 3,990,781.72 $ 8,207,681.46
179 $ 154,052.15 $ 4,219,737.91 $ 4,065,685.76 $ 4,141,995.70
180 $ 77,742.22 $ 4,219,737.91 $ 4,141,995.70 $ 0.00
del 25% anual efectivo, con un
les se incrementarán cada año en
años y los dos últimos años?

1+ia^n 28.421709430404
INTERES ACUM 1+g^n 3.17216911419827
1a-g 17.00%
$ 1,876,926.51
$ 3,762,116.57
$ 5,655,725.28
$ 7,557,910.65
$ 9,468,833.65
$ 11,388,658.29
$ 13,317,551.64
$ 15,255,683.92
$ 17,203,228.54
$ 19,160,362.15
$ 21,127,264.74
$ 23,104,119.66
$ 25,091,113.71
$ 27,086,279.99
$ 29,089,771.90
$ 31,101,745.69
$ 33,122,360.57
$ 35,151,778.73
$ 37,190,165.39
$ 39,237,688.88
$ 41,294,520.71
$ 43,360,835.57
$ 45,436,811.46
$ 47,522,629.71
$ 49,618,475.06
$ 51,722,205.92
$ 53,833,970.31
$ 55,953,919.00
$ 58,082,205.62
$ 60,218,986.66
$ 62,364,421.55
$ 64,518,672.71
$ 66,681,905.63
$ 68,854,288.89
$ 71,035,994.22
$ 73,227,196.60
$ 75,428,074.29
$ 77,636,292.72
$ 79,851,989.66
$ 82,075,305.50
$ 84,306,383.23
$ 86,545,368.54
$ 88,792,409.84
$ 91,047,658.34
$ 93,311,268.08
$ 95,583,396.00
$ 97,864,201.97
$ 100,153,848.89
$ 102,452,502.68
$ 104,757,614.94
$ 107,069,306.91
$ 109,387,702.08
$ 111,712,926.25
$ 114,045,107.61
$ 116,384,376.74
$ 118,730,866.67
$ 121,084,712.93
$ 123,446,053.58
$ 125,815,029.30
$ 128,191,783.40
$ 130,576,461.85
$ 132,966,278.56
$ 135,361,329.97
$ 137,761,714.32
$ 140,167,531.72
$ 142,578,884.13
$ 144,995,875.44
$ 147,418,611.50
$ 149,847,200.12
$ 152,281,751.16
$ 154,722,376.53
$ 157,169,190.23
$ 159,622,308.42
$ 162,078,679.79
$ 164,538,365.41
$ 167,001,427.47
$ 169,467,929.37
$ 171,937,935.65
$ 174,411,512.09
$ 176,888,725.70
$ 179,369,644.75
$ 181,854,338.78
$ 184,342,878.66
$ 186,835,336.56
$ 189,331,786.02
$ 191,828,878.76
$ 194,326,626.85
$ 196,825,042.59
$ 199,324,138.52
$ 201,823,927.39
$ 204,324,422.22
$ 206,825,636.26
$ 209,327,583.00
$ 211,830,276.20
$ 214,333,729.87
$ 216,837,958.28
$ 219,342,975.97
$ 221,845,100.70
$ 224,344,278.17
$ 226,840,453.06
$ 229,333,569.01
$ 231,823,568.61
$ 234,310,393.38
$ 236,793,983.71
$ 239,274,278.90
$ 241,751,217.11
$ 244,224,735.32
$ 246,694,769.35
$ 249,161,253.80
$ 251,620,129.22
$ 254,071,252.80
$ 256,514,479.04
$ 258,949,659.71
$ 261,376,643.80
$ 263,795,277.47
$ 266,205,404.00
$ 268,606,863.69
$ 270,999,493.90
$ 273,383,128.88
$ 275,757,599.82
$ 278,122,734.70
$ 280,474,046.05
$ 282,811,274.40
$ 285,134,155.43
$ 287,442,419.86
$ 289,735,793.34
$ 292,013,996.37
$ 294,276,744.22
$ 296,523,746.80
$ 298,754,708.59
$ 300,969,328.52
$ 303,167,299.86
$ 305,348,310.13
$ 307,507,383.75
$ 309,644,108.99
$ 311,758,066.37
$ 313,848,828.58
$ 315,915,960.25
$ 317,959,017.85
$ 319,977,549.54
$ 321,971,094.97
$ 323,939,185.17
$ 325,881,342.38
$ 327,797,079.84
$ 329,685,901.67
$ 331,542,272.89
$ 333,365,584.41
$ 335,155,215.73
$ 336,910,534.69
$ 338,630,897.29
$ 340,315,647.41
$ 341,964,116.64
$ 343,575,624.01
$ 345,149,475.76
$ 346,684,965.14
$ 348,181,372.11
$ 349,637,963.13
$ 351,048,558.67
$ 352,412,295.45
$ 353,728,293.95
$ 354,995,658.16
$ 356,213,475.26
$ 357,380,815.28
$ 358,496,730.81
$ 359,560,256.64
$ 360,570,409.45
$ 361,526,187.48
$ 362,426,570.16
$ 363,270,517.74
$ 364,051,104.22
$ 364,767,140.35
$ 365,417,414.58
$ 366,000,692.59
$ 366,515,716.93
$ 366,961,206.51
$ 367,335,856.23
$ 367,638,336.47
$ 367,867,292.66
$ 368,021,344.81
$ 368,099,087.02