CAPITAL 120000

i 30% AKM
n 12
SD 250
1.-METODO DE LAS CUOTAS CONSTANTES

CAPITAL 120000
i 30% TNAKM
n 12
R S/ 11,698.46

PERIODOS SALDO INTERES AMORT RENTA SEG.DESG. P.PERIODICO

0 120000 0 0 0 0 -120000
1 120000 3000 S/ 8,698.46 S/ 11,698.46 250 S/ 11,948.46
2 S/ 111,301.54 2782.53862 S/ 8,915.92 S/ 11,698.46 250 S/ 11,948.46
3 S/ 102,385.63 2559.6407 S/ 9,138.81 S/ 11,698.46 250 S/ 11,948.46
4 93246.8136068 2331.17034 S/ 9,367.28 S/ 11,698.46 250 S/ 11,948.46
5 83879.5287083 2096.98822 S/ 9,601.47 S/ 11,698.46 250 S/ 11,948.46
6 74278.0616875 1856.95154 S/ 9,841.50 S/ 11,698.46 250 S/ 11,948.46
7 64436.557991 1610.91395 S/ 10,087.54 S/ 11,698.46 250 S/ 11,948.46
8 54349.0167022 1358.72542 S/ 10,339.73 S/ 11,698.46 250 S/ 11,948.46
9 44009.2868812 1100.23217 S/ 10,598.22 S/ 11,698.46 250 S/ 11,948.46
10 33411.0638146 835.276595 S/ 10,863.18 S/ 11,698.46 250 S/ 11,948.46
11 22547.8851714 563.697129 S/ 11,134.76 S/ 11,698.46 250 S/ 11,948.46
12 11413.127062 285.328177 S/ 11,413.13 S/ 11,698.46 250 S/ 11,948.46
20381.4629 120000 140381.462863 3000 23381.462863

2.-METODO DE LAS CUOTAS DECRECIENTES

CAPITAL 120000
i 30% TNAKM
n 12
SED 250

PERIODOS SALDO INTERES AMORT RENTA SEG.DESG. P.PERIODICO

0 120000 0 0 0 0 -120000
1 120000 3000 13513.51351351 16513.5135135 250 16763.513514
2 106486.486486 2662.16216 13513.51 16175.6756757 250 16425.675676
3 92972.972973 2324.32432 13513.51351351 15837.8378378 250 16087.837838
4 79459.4594595 1986.48649 13513.51351351 15500 250 15750
5 65945.9459459 1648.64865 13513.51351351 15162.1621622 250 15412.162162
6 52432.4324324 1310.81081 13513.51351351 14824.3243243 250 15074.324324
 7 38918.9189189 972.972973 13513.51351351 14486.4864865 250 14736.486486
8 25405.4054054 635.135135 13513.51351351 14148.6486486 250 14398.648649
9 11891.8918919 297.297297 13513.51351351 13810.8108108 250 14060.810811
10 -1621.62162162 -40.5405405 13513.51351351 13472.972973 250 13722.972973
11 -15135.1351351 -378.378378 13513.51351351 13135.1351351 250 13385.135135
12 -28648.6486486 -716.216216 13513.51351351 12797.2972973 250 13047.297297
13702.7027 162162.1621622 175864.864865 3000 58864.864865

3.-METODO DE LAS CUOTAS CRECIENTES

CAPITAL 120000
i 30% TNAKM
n 12
SD 250
PERIODOS FACTOR AMORT SALDO INTERES AMORT RENTA SDESGRAV
0 0 120000 0 0 0 0
1 0.01282051282 120000 3000 1538.46153846 4538.46154 250
2 0.02564102564 118461.538 2961.538461538 3076.92307692 6038.46154 250
3 0.03846153846 115384.615 2884.615384615 4615.38461538 7500 250
4 0.05128205128 110769.231 2769.230769231 6153.84615385 8923.07692 250
5 0.0641025641 104615.385 2615.384615385 7692.30769231 10307.6923 250
6 0.07692307692 96923.0769 2423.076923077 9230.76923077 11653.8462 250
7 0.08974358974 87692.3077 2192.307692308 10769.2307692 12961.5385 250
8 0.10256410256 76923.0769 1923.076923077 12307.6923077 14230.7692 250
9 0.11538461538 64615.3846 1615.384615385 13846.1538462 15461.5385 250
10 0.12820512821 50769.2308 1269.230769231 15384.6153846 16653.8462 250
11 0.14102564103 35384.6154 884.6153846154 16923.0769231 17807.6923 250
12 0.15384615385 18461.5385 461.5384615385 18461.5384615 18923.0769 250
78 25000 120000 145000

4.-METODO AMERICANO
CAPITAL 120000
i 30% TNAKM
n 12
SD 250

PERIODOS SALDO INTERES AMORT RENTA SEG.DESG. P.PERIODICO

0 120000 0 0 0 0 0
1 120000 3000 0 3000 250 3250
2 120000 3000 0 3000 250 3250
3 120000 3000 0 3000 250 3250
4 120000 3000 0 3000 250 3250
5 120000 3000 0 3000 250 3250
6 120000 3000 0 3000 250 3250
 7 120000 3000 0 3000 250 3250
8 120000 3000 0 3000 250 3250
9 120000 3000 0 3000 250 3250
10 120000 3000 0 3000 250 3250
11 120000 3000 0 3000 250 3250
12 120000 3000 120000 123000 250 123250
36000 120000 156000 3000 159000

5.-METODO FLAT
CAPITAL 120000
i 30%
n 12
SD 250

PERIODOS SALDO INTERES AMORT RENTA SEG.DESG. P.PERIODICO

0 120000 0 0 0 0 0
1 120000 3000 10000 13000 250 13250
2 110000 3000 10000 13000 250 13250
3 100000 3000 10000 13000 250 13250
4 90000 3000 10000 13000 250 13250
5 80000 3000 10000 13000 250 13250
6 70000 3000 10000 13000 250 13250
7 60000 3000 10000 13000 250 13250
8 50000 3000 10000 13000 250 13250
9 40000 3000 10000 13000 250 13250
10 30000 3000 10000 13000 250 13250
11 20000 3000 10000 13000 250 13250
12 10000 3000 10000 13000 250 13250
36000 120000 156000 3000 159000

RESUMEN INTERESES
1.-MCC 20381.46
2.-MCC 13702.70
3.-MCD 25000.00
4.-MA 36000.00
5.-M FLAT 36000.00

PERIODOS DE GRACIA
CAPITAL 120000 RENTA S/ 15,054.83
i 0.3 AKM
n 12
SD 250
PGD 3 MESES
PERIODO DE GRACIA PARCIAL
PERIODOS SALDO INTERES AMORT RENTA SEG.DESG. P.PERIODICO
 0 120000 0 0 0 0 0
1 120000 3000 0 3000 250 3250
2 120000 3000 0 3000 250 3250
3 120000 3000 0 3000 250 3250
4 120000 3000 S/ 12,054.83 S/ 15,054.83 250 15304.826801
5 S/ 107,945.17 2698.62933 S/ 12,356.20 S/ 15,054.83 250 15304.826801
6 S/ 95,588.98 2389.72439 S/ 12,665.10 S/ 15,054.83 250 15304.826801
7 S/ 82,923.87 2073.09683 S/ 12,981.73 S/ 15,054.83 250 15304.826801
8 S/ 69,942.14 1748.55358 S/ 13,306.27 S/ 15,054.83 250 15304.826801
9 S/ 56,635.87 1415.89675 S/ 13,638.93 S/ 15,054.83 250 15304.826801
10 S/ 42,996.94 1074.9235 S/ 13,979.90 S/ 15,054.83 250 15304.826801
11 S/ 29,017.04 725.42592 S/ 14,329.40 S/ 15,054.83 250 15304.826801
12 S/ 14,687.64 367.190898 S/ 14,687.64 S/ 15,054.83 250 15304.826801
24493.4412 120000 144493.441213 3000 147493.44121

PERIODO DE GRACIA TOTAL

CAPITAL 120000
i 0.3 AKM
n 12
SD 250
RENTA S/ 15,816.98

PERIODOS SALDO INTERES AMORT RENTA SEG.DESG. P.PERIODICO

0 120000 0 0 0 0 0
1 120000 3000 0 0 250 250
2 123000 3075 0 0 250 250
3 126075 3151.875 0 0 250 250
4 126075 3151.875 S/ 12,665.10 S/ 15,816.98 250 16066.977408
5 113409.897592 2835.24744 S/ 12,981.73 S/ 15,816.98 250 16066.977408
6 100428.167623 2510.70419 S/ 13,306.27 S/ 15,816.98 250 16066.977408
7 87121.8944057 2178.04736 S/ 13,638.93 S/ 15,816.98 250 16066.977408
8 73482.9643577 1837.07411 S/ 13,979.90 S/ 15,816.98 250 16066.977408
9 59503.0610584 1487.57653 S/ 14,329.40 S/ 15,816.98 250 16066.977408
10 45173.6601766 1129.3415 S/ 14,687.64 S/ 15,816.98 250 16066.977408
11 30486.0242728 762.150607 S/ 15,054.83 S/ 15,816.98 250 16066.977408
12 15431.1974714 385.779937 S/ 15,431.20 S/ 15,816.98 250 16066.977408
S/ 126,075.00
COK 35%
TEA 34.49%
TCEM 2.85%
TCEA 40.12%

PAGOINT S/ 1,610.91
PAOPRIN S/ 10,087.54

TCEM 7.09%
TCEA 127.41%
PAGO PERIODICO
0
4788.46
6288.46
7750.00
9173.08
10557.69
11903.85
13211.54
14480.77
15711.54
16903.85
18057.69
19173.08
PERIODOS
DE GRACIA
Desea comprar una maquinaria a traves de un préstamo bancario de S/ 500,000 para ser cancelado en 10 a
a una tasa del 25% anual capitalizable mensualmente, el seguro de desgravamen a considerar sera de S/ 30
periodos de gracia de 9 meses. Con esta información se solicita:
Desarrollar los 5 métodos de amortización
Calcular la tasa del costo efectvio anual de los 5 métodos
Qué metodo es el más caro y porque

C 500000
n 10 años 40 trimestres
i 25% AKM
i 6.38% TET R S/ 35,505.62
SD 300
PD 9 meses

1.-METODO DE LAS CUOTAS CONSTANTES

PERIODOS SALDO INTERES AMORT RENTA SEG.DESG.
0 500000 0 0 0 0
1 500000 31905.56 S/ 31,905.56 300
2 500000 31905.56 S/ 31,905.56 300
3 500000 31905.56 S/ 31,905.56 300
4 500000 31905.56 S/ 3,600.06 S/ 35,505.62 300
5 496399.94 31675.84 S/ 3,829.78 S/ 35,505.62 300
6 492570.16 31431.46 S/ 4,074.17 S/ 35,505.62 300
7 488495.99 31171.48 S/ 4,334.14 S/ 35,505.62 300
8 484161.85 30894.91 S/ 4,610.71 S/ 35,505.62 300
9 479551.14 30600.70 S/ 4,904.92 S/ 35,505.62 300
10 474646.22 30287.71 S/ 5,217.91 S/ 35,505.62 300
11 469428.31 29954.75 S/ 5,550.87 S/ 35,505.62 300
12 463877.43 29600.54 S/ 5,905.08 S/ 35,505.62 300
13 457972.35 29223.73 S/ 6,281.89 S/ 35,505.62 300
14 451690.46 28822.88 S/ 6,682.74 S/ 35,505.62 300
15 445007.72 28396.44 S/ 7,109.18 S/ 35,505.62 300
16 437898.54 27942.80 S/ 7,562.82 S/ 35,505.62 300
17 430335.72 27460.21 S/ 8,045.41 S/ 35,505.62 300
18 422290.30 26946.82 S/ 8,558.80 S/ 35,505.62 300
19 413731.50 26400.67 S/ 9,104.95 S/ 35,505.62 300
20 404626.55 25819.68 S/ 9,685.95 S/ 35,505.62 300
21 394940.61 25201.60 S/ 10,304.02 S/ 35,505.62 300
22 384636.59 24544.09 S/ 10,961.53 S/ 35,505.62 300
23 373675.06 23844.63 S/ 11,661.00 S/ 35,505.62 300
24 362014.07 23100.53 S/ 12,405.10 S/ 35,505.62 300
25 349608.97 22308.94 S/ 13,196.68 S/ 35,505.62 300
26 336412.29 21466.85 S/ 14,038.77 S/ 35,505.62 300
27 322373.52 20571.02 S/ 14,934.60 S/ 35,505.62 300
28 307438.91 19618.02 S/ 15,887.60 S/ 35,505.62 300
29 291551.31 18604.22 S/ 16,901.40 S/ 35,505.62 300
30 274649.91 17525.72 S/ 17,979.90 S/ 35,505.62 300
 31 256670.01 16378.40 S/ 19,127.22 S/ 35,505.62 300
32 237542.79 15157.87 S/ 20,347.75 S/ 35,505.62 300
33 217195.04 13859.46 S/ 21,646.16 S/ 35,505.62 300
34 195548.88 12478.19 S/ 23,027.43 S/ 35,505.62 300
35 172521.45 11008.79 S/ 24,496.83 S/ 35,505.62 300
36 148024.62 9445.62 S/ 26,060.00 S/ 35,505.62 300
37 121964.61 7782.70 S/ 27,722.92 S/ 35,505.62 300
38 94241.69 6013.67 S/ 29,491.95 S/ 35,505.62 300
39 64749.74 4131.75 S/ 31,373.87 S/ 35,505.62 300
40 33375.87 2129.75 S/ 33,375.87 S/ 35,505.62 300
S/ 500,000.00

2.-METODO DE LAS CUOTAS DECRECIENTES

C 500000
n 10 años 40 trimestres
i 25% AKM
i 6.38% TET AMORTIZA=CAPITAL/NCUOTASPAGAR
SD 300 AMORTIZA=CAP 13513.51
PD 9 meses

PERIODOS SALDO INTERES AMORT RENTA SEG.DESG.

0 500000 0 0 0 0
1 500000 31905.56 S/ 31,905.56 300
2 500000 31905.56 S/ 31,905.56 300
3 500000 31905.56 S/ 31,905.56 300
4 500000 31905.56 S/ 13,513.51 S/ 45,419.08 300
5 486486.49 31043.25 S/ 13,513.51 S/ 45,419.08 300
6 472972.97 30180.94 S/ 13,513.51 S/ 45,419.08 300
7 459459.46 29318.63 S/ 13,513.51 S/ 45,419.08 300
8 445945.95 28456.31 S/ 13,513.51 S/ 45,419.08 300
9 432432.43 27594.00 S/ 13,513.51 S/ 45,419.08 300
10 418918.92 26731.69 S/ 13,513.51 S/ 45,419.08 300
11 405405.41 25869.38 S/ 13,513.51 S/ 45,419.08 300
12 391891.89 25007.06 S/ 13,513.51 S/ 45,419.08 300
13 378378.38 24144.75 S/ 13,513.51 S/ 45,419.08 300
14 364864.86 23282.44 S/ 13,513.51 S/ 45,419.08 300
15 351351.35 22420.13 S/ 13,513.51 S/ 45,419.08 300
16 337837.84 21557.81 S/ 13,513.51 S/ 45,419.08 300
17 324324.32 20695.50 S/ 13,513.51 S/ 45,419.08 300
18 310810.81 19833.19 S/ 13,513.51 S/ 45,419.08 300
19 297297.30 18970.88 S/ 13,513.51 S/ 45,419.08 300
20 283783.78 18108.56 S/ 13,513.51 S/ 45,419.08 300
21 270270.27 17246.25 S/ 13,513.51 S/ 45,419.08 300
22 256756.76 16383.94 S/ 13,513.51 S/ 45,419.08 300
23 243243.24 15521.63 S/ 13,513.51 S/ 45,419.08 300
24 229729.73 14659.31 S/ 13,513.51 S/ 45,419.08 300
25 216216.22 13797.00 S/ 13,513.51 S/ 45,419.08 300
 26 202702.70 12934.69 S/ 13,513.51 S/ 45,419.08 300
27 189189.19 12072.38 S/ 13,513.51 S/ 45,419.08 300
28 175675.68 11210.06 S/ 13,513.51 S/ 45,419.08 300
29 162162.16 10347.75 S/ 13,513.51 S/ 45,419.08 300
30 148648.65 9485.44 S/ 13,513.51 S/ 45,419.08 300
31 135135.14 8623.13 S/ 13,513.51 S/ 45,419.08 300
32 121621.62 7760.81 S/ 13,513.51 S/ 45,419.08 300
33 108108.11 6898.50 S/ 13,513.51 S/ 45,419.08 300
34 94594.59 6036.19 S/ 13,513.51 S/ 45,419.08 300
35 81081.08 5173.88 S/ 13,513.51 S/ 45,419.08 300
36 67567.57 4311.56 S/ 13,513.51 S/ 45,419.08 300
37 54054.05 3449.25 S/ 13,513.51 S/ 45,419.08 300
38 40540.54 2586.94 S/ 13,513.51 S/ 45,419.08 300
39 27027.03 1724.63 S/ 13,513.51 S/ 45,419.08 300
40 13513.51 862.31 S/ 13,513.51 S/ 45,419.08 300
S/ 500,000.00

3.-METODO DE LAS CUOTAS CRECIENTES

C 500000
n 10 años
i 25% AKM 703
i 6.38% TET
SD 300
PD 9 meses

FACTOR DE
PERIODOS AMORTIZACION SALDO INTERES AMORT RENTA
0 500000 0 0 0
1 500000 31905.56 S/ 31,905.56
2 500000 31905.56 S/ 31,905.56
3 500000 31905.56 S/ 31,905.56
4 0.00142 500000 31905.56 S/ 711.24 S/ 32,616.80
5 0.00284 499288.76 31860.18 S/ 1,422.48 S/ 32,616.80
6 0.00427 497866.29 31769.41 S/ 2,133.71 S/ 32,616.80
7 0.00569 495732.57 31633.25 S/ 2,844.95 S/ 32,616.80
8 0.00711 492887.62 31451.71 S/ 3,556.19 S/ 32,616.80
9 0.00853 489331.44 31224.79 S/ 4,267.43 S/ 32,616.80
10 0.00996 485064.01 30952.48 S/ 4,978.66 S/ 32,616.80
11 0.01138 480085.35 30634.79 S/ 5,689.90 S/ 32,616.80
12 0.01280 474395.45 30271.71 S/ 6,401.14 S/ 32,616.80
13 0.01422 467994.31 29863.24 S/ 7,112.38 S/ 32,616.80
14 0.01565 460881.93 29409.40 S/ 7,823.61 S/ 32,616.80
15 0.01707 453058.32 28910.16 S/ 8,534.85 S/ 32,616.80
16 0.01849 444523.47 28365.54 S/ 9,246.09 S/ 32,616.80
17 0.01991 435277.38 27775.54 S/ 9,957.33 S/ 32,616.80
18 0.02134 425320.06 27140.15 S/ 10,668.56 S/ 32,616.80
 19 0.02276 414651.49 26459.38 S/ 11,379.80 S/ 32,616.80
20 0.02418 403271.69 25733.22 S/ 12,091.04 S/ 32,616.80
21 0.02560 391180.65 24961.68 S/ 12,802.28 S/ 32,616.80
22 0.02703 378378.38 24144.75 S/ 13,513.51 S/ 32,616.80
23 0.02845 364864.86 23282.44 S/ 14,224.75 S/ 32,616.80
24 0.02987 350640.11 22374.74 S/ 14,935.99 S/ 32,616.80
25 0.03129 335704.13 21421.66 S/ 15,647.23 S/ 32,616.80
26 0.03272 320056.90 20423.19 S/ 16,358.46 S/ 32,616.80
27 0.03414 303698.44 19379.34 S/ 17,069.70 S/ 32,616.80
28 0.03556 286628.73 18290.10 S/ 17,780.94 S/ 32,616.80
29 0.03698 268847.80 17155.48 S/ 18,492.18 S/ 32,616.80
30 0.03841 250355.62 15975.47 S/ 19,203.41 S/ 32,616.80
31 0.03983 231152.20 14750.08 S/ 19,914.65 S/ 32,616.80
32 0.04125 211237.55 13479.31 S/ 20,625.89 S/ 32,616.80
33 0.04267 190611.66 12163.14 S/ 21,337.13 S/ 32,616.80
34 0.04410 169274.54 10801.60 S/ 22,048.36 S/ 32,616.80
35 0.04552 147226.17 9394.67 S/ 22,759.60 S/ 32,616.80
36 0.04694 124466.57 7942.35 S/ 23,470.84 S/ 32,616.80
37 0.04836 100995.73 6444.65 S/ 24,182.08 S/ 32,616.80
38 0.04979 76813.66 4901.57 S/ 24,893.31 S/ 32,616.80
39 0.05121 51920.34 3313.10 S/ 25,604.55 S/ 32,616.80
40 0.05263 26315.79 1679.24 S/ 26,315.79 S/ 32,616.80

4.-METODO AMERICANO

C 500000
n 10 años
i 25% AKM
i 6.38% TET
SD 300
PD 9 meses

PERIODOS SALDO INTERES AMORT RENTA SEG.DESG.

0 500000 0 0 0 0
1 500000 31905.56 S/ 0.00 S/ 31,905.56 300
2 500000 31905.56 S/ 0.00 S/ 31,905.56 300
3 500000 31905.56 S/ 0.00 S/ 31,905.56 300
4 500000 31905.56 S/ 0.00 S/ 31,905.56 300
5 500000.00 31905.56 S/ 0.00 S/ 31,905.56 300
6 500000.00 31905.56 S/ 0.00 S/ 31,905.56 300
7 500000.00 31905.56 S/ 0.00 S/ 31,905.56 300
8 500000.00 31905.56 S/ 0.00 S/ 31,905.56 300
9 500000.00 31905.56 S/ 0.00 S/ 31,905.56 300
10 500000.00 31905.56 S/ 0.00 S/ 31,905.56 300
11 500000.00 31905.56 S/ 0.00 S/ 31,905.56 300
12 500000.00 31905.56 S/ 0.00 S/ 31,905.56 300
13 500000.00 31905.56 S/ 0.00 S/ 31,905.56 300
14 500000.00 31905.56 S/ 0.00 S/ 31,905.56 300
 15 500000.00 31905.56 S/ 0.00 S/ 31,905.56 300
16 500000.00 31905.56 S/ 0.00 S/ 31,905.56 300
17 500000.00 31905.56 S/ 0.00 S/ 31,905.56 300
18 500000.00 31905.56 S/ 0.00 S/ 31,905.56 300
19 500000.00 31905.56 S/ 0.00 S/ 31,905.56 300
20 500000.00 31905.56 S/ 0.00 S/ 31,905.56 300
21 500000.00 31905.56 S/ 0.00 S/ 31,905.56 300
22 500000.00 31905.56 S/ 0.00 S/ 31,905.56 300
23 500000.00 31905.56 S/ 0.00 S/ 31,905.56 300
24 500000.00 31905.56 S/ 0.00 S/ 31,905.56 300
25 500000.00 31905.56 S/ 0.00 S/ 31,905.56 300
26 500000.00 31905.56 S/ 0.00 S/ 31,905.56 300
27 500000.00 31905.56 S/ 0.00 S/ 31,905.56 300
28 500000.00 31905.56 S/ 0.00 S/ 31,905.56 300
29 500000.00 31905.56 S/ 0.00 S/ 31,905.56 300
30 500000.00 31905.56 S/ 0.00 S/ 31,905.56 300
31 500000.00 31905.56 S/ 0.00 S/ 31,905.56 300
32 500000.00 31905.56 S/ 0.00 S/ 31,905.56 300
33 500000.00 31905.56 S/ 0.00 S/ 31,905.56 300
34 500000.00 31905.56 S/ 0.00 S/ 31,905.56 300
35 500000.00 31905.56 S/ 0.00 S/ 31,905.56 300
36 500000.00 31905.56 S/ 0.00 S/ 31,905.56 300
37 500000.00 31905.56 S/ 0.00 S/ 31,905.56 300
38 500000.00 31905.56 S/ 0.00 S/ 31,905.56 300
39 500000.00 31905.56 S/ 0.00 S/ 31,905.56 300
40 500000.00 31905.56 S/ 500,000.00 S/ 531,905.56 300
S/ 500,000.00

5.-METODO FLAT

C 500000
n 10 años
i 25% AKM
i 6.38% TET
SD 300
PD 9 meses

PERIODOS SALDO INTERES AMORT RENTA SEG.DESG.

0 500000 0 0 0 0
1 500000 31905.56 S/ 31,905.56 300
2 500000 31905.56 S/ 31,905.56 300
3 500000 31905.56 S/ 31,905.56 300
4 500000 31905.56 S/ 13,513.51 S/ 45,419.08 300
5 486486.49 31043.25 S/ 13,513.51 S/ 45,419.08 300
6 472972.97 30180.94 S/ 13,513.51 S/ 45,419.08 300
7 459459.46 29318.63 S/ 13,513.51 S/ 45,419.08 300
8 445945.95 28456.31 S/ 13,513.51 S/ 45,419.08 300
9 432432.43 27594.00 S/ 13,513.51 S/ 45,419.08 300
 10 418918.92 26731.69 S/ 13,513.51 S/ 45,419.08 300
11 405405.41 25869.38 S/ 13,513.51 S/ 45,419.08 300
12 391891.89 25007.06 S/ 13,513.51 S/ 45,419.08 300
13 378378.38 24144.75 S/ 13,513.51 S/ 45,419.08 300
14 364864.86 23282.44 S/ 13,513.51 S/ 45,419.08 300
15 351351.35 22420.13 S/ 13,513.51 S/ 45,419.08 300
16 337837.84 21557.81 S/ 13,513.51 S/ 45,419.08 300
17 324324.32 20695.50 S/ 13,513.51 S/ 45,419.08 300
18 310810.81 19833.19 S/ 13,513.51 S/ 45,419.08 300
19 297297.30 18970.88 S/ 13,513.51 S/ 45,419.08 300
20 283783.78 18108.56 S/ 13,513.51 S/ 45,419.08 300
21 270270.27 17246.25 S/ 13,513.51 S/ 45,419.08 300
22 256756.76 16383.94 S/ 13,513.51 S/ 45,419.08 300
23 243243.24 15521.63 S/ 13,513.51 S/ 45,419.08 300
24 229729.73 14659.31 S/ 13,513.51 S/ 45,419.08 300
25 216216.22 13797.00 S/ 13,513.51 S/ 45,419.08 300
26 202702.70 12934.69 S/ 13,513.51 S/ 45,419.08 300
27 189189.19 12072.38 S/ 13,513.51 S/ 45,419.08 300
28 175675.68 11210.06 S/ 13,513.51 S/ 45,419.08 300
29 162162.16 10347.75 S/ 13,513.51 S/ 45,419.08 300
30 148648.65 9485.44 S/ 13,513.51 S/ 45,419.08 300
31 135135.14 8623.13 S/ 13,513.51 S/ 45,419.08 300
32 121621.62 7760.81 S/ 13,513.51 S/ 45,419.08 300
33 108108.11 6898.50 S/ 13,513.51 S/ 45,419.08 300
34 94594.59 6036.19 S/ 13,513.51 S/ 45,419.08 300
35 81081.08 5173.88 S/ 13,513.51 S/ 45,419.08 300
36 67567.57 4311.56 S/ 13,513.51 S/ 45,419.08 300
37 54054.05 3449.25 S/ 13,513.51 S/ 45,419.08 300
38 40540.54 2586.94 S/ 13,513.51 S/ 45,419.08 300
39 27027.03 1724.63 S/ 13,513.51 S/ 45,419.08 300
40 13513.51 862.31 S/ 13,513.51 S/ 45,419.08 300
S/ 500,000.00

RESUMEN INTERESES
1.-MCC 909424.68
2.-MCC 701922.38
3.-MCD 893355.76
4.-MA 1276222.51
5.-M FLAT 701922.38
para ser cancelado en 10 años en forma trimestral
a considerar sera de S/ 300 por periodo y los

P.PERIODICO TCET 6.45%

-500000 TCEA 28.41%
S/ 32,205.56
S/ 32,205.56
S/ 32,205.56
S/ 35,805.62
S/ 35,805.62
S/ 35,805.62
S/ 35,805.62
S/ 35,805.62
S/ 35,805.62
S/ 35,805.62
S/ 35,805.62
S/ 35,805.62
S/ 35,805.62
S/ 35,805.62
S/ 35,805.62
S/ 35,805.62
S/ 35,805.62
S/ 35,805.62
S/ 35,805.62
S/ 35,805.62
S/ 35,805.62
S/ 35,805.62
S/ 35,805.62
S/ 35,805.62
S/ 35,805.62
S/ 35,805.62
S/ 35,805.62
S/ 35,805.62
S/ 35,805.62
S/ 35,805.62
 S/ 35,805.62
S/ 35,805.62
S/ 35,805.62
S/ 35,805.62
S/ 35,805.62
S/ 35,805.62
S/ 35,805.62
S/ 35,805.62
S/ 35,805.62
S/ 35,805.62

TAL/NCUOTASPAGAR

P.PERIODICO
-500000 TCET 8.18%
S/ 32,205.56 TCEA 36.97%
S/ 32,205.56
S/ 32,205.56
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08

SEG.DESG. P.PERIODICO
0 -500000 TCET 5.89%
300 S/ 32,205.56 TCEA 25.75%
300 S/ 32,205.56
300 S/ 32,205.56
300 S/ 32,916.80
300 S/ 32,916.80
300 S/ 32,916.80
300 S/ 32,916.80
300 S/ 32,916.80
300 S/ 32,916.80
300 S/ 32,916.80
300 S/ 32,916.80
300 S/ 32,916.80
300 S/ 32,916.80
300 S/ 32,916.80
300 S/ 32,916.80
300 S/ 32,916.80
300 S/ 32,916.80
300 S/ 32,916.80
 300 S/ 32,916.80
300 S/ 32,916.80
300 S/ 32,916.80
300 S/ 32,916.80
300 S/ 32,916.80
300 S/ 32,916.80
300 S/ 32,916.80
300 S/ 32,916.80
300 S/ 32,916.80
300 S/ 32,916.80
300 S/ 32,916.80
300 S/ 32,916.80
300 S/ 32,916.80
300 S/ 32,916.80
300 S/ 32,916.80
300 S/ 32,916.80
300 S/ 32,916.80
300 S/ 32,916.80
300 S/ 32,916.80
300 S/ 32,916.80
300 S/ 32,916.80
300 S/ 32,916.80

P.PERIODICO
-500000 TCET 6.44%
S/ 32,205.56 TCEA 28.36%
S/ 32,205.56
S/ 32,205.56
S/ 32,205.56
S/ 32,205.56
S/ 32,205.56
S/ 32,205.56
S/ 32,205.56
S/ 32,205.56
S/ 32,205.56
S/ 32,205.56
S/ 32,205.56
S/ 32,205.56
S/ 32,205.56
 S/ 32,205.56
S/ 32,205.56
S/ 32,205.56
S/ 32,205.56
S/ 32,205.56
S/ 32,205.56
S/ 32,205.56
S/ 32,205.56
S/ 32,205.56
S/ 32,205.56
S/ 32,205.56
S/ 32,205.56
S/ 32,205.56
S/ 32,205.56
S/ 32,205.56
S/ 32,205.56
S/ 32,205.56
S/ 32,205.56
S/ 32,205.56
S/ 32,205.56
S/ 32,205.56
S/ 32,205.56
S/ 32,205.56
S/ 32,205.56
S/ 32,205.56
S/ 532,205.56

P.PERIODICO
-500000 TCET 8.18%
S/ 32,205.56 TCEA 36.97%
S/ 32,205.56
S/ 32,205.56
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
S/ 45,719.08
 C 500000
i 35% TEA 7.79% TET
PAGOS TRIMETRASLES
TIEMPO 5 AÑOS 20 TRIMESTRES
PG 9 MESES 3 TRIMESTRES
SG 280 R S/ 54,053.75

1.-METODO DE LAS CUOTAS CONSTANTES

PERIODOS SALDO INTERES AMORT RENTA SEG.DESG.
0 500000 0 0 0 0
1 500000 38956.17 S/ 38,956.17 280
2 500000 38956.17 S/ 38,956.17 280
3 500000 38956.17 S/ 38,956.17 280
4 500000 38956.17 S/ 15,097.58 S/ 54,053.75 280
5 484902.42 37779.88 S/ 16,273.87 S/ 54,053.75 280
6 468628.56 36511.95 S/ 17,541.80 S/ 54,053.75 280
7 451086.76 35145.22 S/ 18,908.52 S/ 54,053.75 280
8 432178.23 33672.02 S/ 20,381.73 S/ 54,053.75 280
9 411796.50 32084.03 S/ 21,969.72 S/ 54,053.75 280
10 389826.78 30372.32 S/ 23,681.43 S/ 54,053.75 280
11 366145.35 28527.24 S/ 25,526.51 S/ 54,053.75 280
12 340618.85 26538.41 S/ 27,515.34 S/ 54,053.75 280
13 313103.51 24394.63 S/ 29,659.12 S/ 54,053.75 280
14 283444.39 22083.81 S/ 31,969.93 S/ 54,053.75 280
15 251474.46 19592.96 S/ 34,460.78 S/ 54,053.75 280
16 217013.68 16908.04 S/ 37,145.70 S/ 54,053.75 280
17 179867.98 14013.93 S/ 40,039.81 S/ 54,053.75 280
18 139828.16 10894.34 S/ 43,159.41 S/ 54,053.75 280
19 96668.76 7531.69 S/ 46,522.06 S/ 54,053.75 280
20 50146.70 3907.05 S/ 50,146.70 S/ 54,053.75 280

2.-METODO DE LAS CUOTAS DECRECIENTES

C 500000
i 35% TEA 7.79% TET
PAGOS TRIMETRASLES
TIEMPO 5 AÑOS 20 TRIMESTRES
PG 9 MESES 3 TRIMESTRES
SG 280

PERIODOS SALDO INTERES AMORT RENTA SEG.DESG.

0 500000 0 0 0 0
1 500000 38956.17 S/ 38,956.17 280
2 500000 38956.17 S/ 38,956.17 280
3 500000 38956.17 S/ 38,956.17 280
4 500000 38956.17 S/ 29,411.76 S/ 68,367.93 280
5 470588.24 36664.63 S/ 29,411.76 S/ 68,367.93 280
 6 441176.47 34373.09 S/ 29,411.76 S/ 68,367.93 280
7 411764.71 32081.55 S/ 29,411.76 S/ 68,367.93 280
8 382352.94 29790.01 S/ 29,411.76 S/ 68,367.93 280
9 352941.18 27498.47 S/ 29,411.76 S/ 68,367.93 280
10 323529.41 25206.93 S/ 29,411.76 S/ 68,367.93 280
11 294117.65 22915.39 S/ 29,411.76 S/ 68,367.93 280
12 264705.88 20623.85 S/ 29,411.76 S/ 68,367.93 280
13 235294.12 18332.31 S/ 29,411.76 S/ 68,367.93 280
14 205882.35 16040.78 S/ 29,411.76 S/ 68,367.93 280
15 176470.59 13749.24 S/ 29,411.76 S/ 68,367.93 280
16 147058.82 11457.70 S/ 29,411.76 S/ 68,367.93 280
17 117647.06 9166.16 S/ 29,411.76 S/ 68,367.93 280
18 88235.29 6874.62 S/ 29,411.76 S/ 68,367.93 280
19 58823.53 4583.08 S/ 29,411.76 S/ 68,367.93 280
20 29411.76 2291.54 S/ 29,411.76 S/ 68,367.93 280

3.-METODO DE LAS CUOTAS CRECIENTES

C 500000
i 35% TEA 7.79% TET
PAGOS TRIMETRASLES
TIEMPO 5 AÑOS 20 TRIMESTRES
PG 9 MESES 3 TRIMESTRES
SG 280

FACTOR DE
AMORTIZAC
PERIODOS ION SALDO INTERES AMORT RENTA
0 500000 0 0 0
1 500000 38956.17 S/ 38,956.17
2 500000 38956.17 S/ 38,956.17
3 500000 38956.17 S/ 38,956.17
4 0.00654 500000 38956.17 S/ 3,267.97 S/ 42,224.14
5 0.01307 496732.03 38701.55 S/ 6,535.95 S/ 42,224.14
6 0.01961 490196.08 38192.32 S/ 9,803.92 S/ 42,224.14
7 0.02614 480392.16 37428.48 S/ 13,071.90 S/ 42,224.14
8 0.03268 467320.26 36410.01 S/ 16,339.87 S/ 42,224.14
9 0.03922 450980.39 35136.94 S/ 19,607.84 S/ 42,224.14
10 0.04575 431372.55 33609.24 S/ 22,875.82 S/ 42,224.14
11 0.05229 408496.73 31826.93 S/ 26,143.79 S/ 42,224.14
12 0.05882 382352.94 29790.01 S/ 29,411.76 S/ 42,224.14
13 0.06536 352941.18 27498.47 S/ 32,679.74 S/ 42,224.14
14 0.07190 320261.44 24952.32 S/ 35,947.71 S/ 42,224.14
15 0.07843 284313.73 22151.55 S/ 39,215.69 S/ 42,224.14
16 0.08497 245098.04 19096.16 S/ 42,483.66 S/ 42,224.14
17 0.09150 202614.38 15786.16 S/ 45,751.63 S/ 42,224.14
18 0.09804 156862.75 12221.54 S/ 49,019.61 S/ 42,224.14
19 0.10458 107843.14 8402.31 S/ 52,287.58 S/ 42,224.14
 20 0.11111 55555.56 4328.46 S/ 55,555.56 S/ 42,224.14

4.-METODO AMERICANO

C 500000
i 35% TEA 7.79% TET
PAGOS TRIMETRASLES
TIEMPO 5 AÑOS 20 TRIMESTRES
PG 9 MESES 3 TRIMESTRES
SG 280

PERIODOS SALDO INTERES AMORT RENTA SEG.DESG.

0 500000 0 0 0 0
1 500000 38956.17 S/ 0.00 S/ 38,956.17 280
2 500000 38956.17 S/ 0.00 S/ 38,956.17 280
3 500000 38956.17 S/ 0.00 S/ 38,956.17 280
4 500000 38956.17 S/ 0.00 S/ 38,956.17 280
5 500000.00 38956.17 S/ 0.00 S/ 38,956.17 280
6 500000.00 38956.17 S/ 0.00 S/ 38,956.17 280
7 500000.00 38956.17 S/ 0.00 S/ 38,956.17 280
8 500000.00 38956.17 S/ 0.00 S/ 38,956.17 280
9 500000.00 38956.17 S/ 0.00 S/ 38,956.17 280
10 500000.00 38956.17 S/ 0.00 S/ 38,956.17 280
11 500000.00 38956.17 S/ 0.00 S/ 38,956.17 280
12 500000.00 38956.17 S/ 0.00 S/ 38,956.17 280
13 500000.00 38956.17 S/ 0.00 S/ 38,956.17 280
14 500000.00 38956.17 S/ 0.00 S/ 38,956.17 280
15 500000.00 38956.17 S/ 0.00 S/ 38,956.17 280
16 500000.00 38956.17 S/ 0.00 S/ 38,956.17 280
17 500000.00 38956.17 S/ 0.00 S/ 38,956.17 280
18 500000.00 38956.17 S/ 0.00 S/ 38,956.17 280
19 500000.00 38956.17 S/ 0.00 S/ 38,956.17 280
20 500000.00 38956.17 S/ 500,000.00 S/ 538,956.17 280

5.-METODO FLAT

C 500000
i 35% TEA 7.79% TET
PAGOS TRIMETRASLES
TIEMPO 5 AÑOS 20 TRIMESTRES
PG 9 MESES 3 TRIMESTRES
SG 280

PERIODOS SALDO INTERES AMORT RENTA SEG.DESG.

0 500000 0 0 0 0
1 500000 38956.17 S/ 38,956.17 300
2 500000 38956.17 S/ 38,956.17 300
3 500000 38956.17 S/ 38,956.17 300
 4 500000 38956.17 S/ 29,411.76 S/ 68,367.93 300
5 470588.24 36664.63 S/ 29,411.76 S/ 68,367.93 300
6 441176.47 34373.09 S/ 29,411.76 S/ 68,367.93 300
7 411764.71 32081.55 S/ 29,411.76 S/ 68,367.93 300
8 382352.94 29790.01 S/ 29,411.76 S/ 68,367.93 300
9 352941.18 27498.47 S/ 29,411.76 S/ 68,367.93 300
10 323529.41 25206.93 S/ 29,411.76 S/ 68,367.93 300
11 294117.65 22915.39 S/ 29,411.76 S/ 68,367.93 300
12 264705.88 20623.85 S/ 29,411.76 S/ 68,367.93 300
13 235294.12 18332.31 S/ 29,411.76 S/ 68,367.93 300
14 205882.35 16040.78 S/ 29,411.76 S/ 68,367.93 300
15 176470.59 13749.24 S/ 29,411.76 S/ 68,367.93 300
16 147058.82 11457.70 S/ 29,411.76 S/ 68,367.93 300
17 117647.06 9166.16 S/ 29,411.76 S/ 68,367.93 300
18 88235.29 6874.62 S/ 29,411.76 S/ 68,367.93 300
19 58823.53 4583.08 S/ 29,411.76 S/ 68,367.93 300
20 29411.76 2291.54 S/ 29,411.76 S/ 68,367.93 300

RESUMEN INTERESES
1.-MCC 535782.18
2.-MCC 467474.02
3.-MCD 571357.13
4.-MA 779123.36
5.-M FLAT 467474.02
 R 626210.479
R 67698.0441

P.PERIODICO TCET 6.89% PERIODOS SALDO INTERES AMORT

-500000 TCEA 30.54% 0 500000 0 0
S/ 39,236.17 1 500000 38956.17
S/ 39,236.17 2 538956.17 41991.33
S/ 39,236.17 3 580947.50 45262.98
S/ 54,333.75 4 626210.48 48789.52 S/ 18,908.52
S/ 54,333.75 5 607301.96 47316.31 S/ 20,381.73
S/ 54,333.75 6 586920.23 45728.33 S/ 21,969.72
S/ 54,333.75 7 564950.51 44016.61 S/ 23,681.43
S/ 54,333.75 8 541269.08 42171.54 S/ 25,526.51
S/ 54,333.75 9 515742.57 40182.71 S/ 27,515.34
S/ 54,333.75 10 488227.24 38038.92 S/ 29,659.12
S/ 54,333.75 11 458568.12 35728.11 S/ 31,969.93
S/ 54,333.75 12 426598.18 33237.26 S/ 34,460.78
S/ 54,333.75 13 392137.40 30552.34 S/ 37,145.70
S/ 54,333.75 14 354991.70 27658.23 S/ 40,039.81
S/ 54,333.75 15 314951.89 24538.64 S/ 43,159.41
S/ 54,333.75 16 271792.48 21175.99 S/ 46,522.06
S/ 54,333.75 17 225270.42 17551.34 S/ 50,146.70
S/ 54,333.75 18 175123.72 13644.30 S/ 54,053.75
S/ 54,333.75 19 121069.98 9432.84 S/ 58,265.20
S/ 54,333.75 20 62804.78 4893.27 S/ 62,804.78

AMORTIZA=CAPITAL/NCUOTASPAGAR
AMORTIZA=CAP 29411.76

P.PERIODICO TCET 10.30% PERIODOS SALDO INTERES AMORT

-500000 TCEA 48.03% 0 500000 0 0
S/ 39,236.17 1 500000 38956.17
S/ 39,236.17 2 538956.17 41991.33
S/ 39,236.17 3 580947.50 45262.98
S/ 68,647.93 4 626210.48 48789.52 S/ 18,908.52
S/ 68,647.93 5 607301.96 47316.31 S/ 20,381.73
 S/ 68,647.93 6 586920.23 45728.33 S/ 21,969.72
S/ 68,647.93 7 564950.51 44016.61 S/ 23,681.43
S/ 68,647.93 8 541269.08 42171.54 S/ 25,526.51
S/ 68,647.93 9 515742.57 40182.71 S/ 27,515.34
S/ 68,647.93 10 488227.24 38038.92 S/ 29,659.12
S/ 68,647.93 11 458568.12 35728.11 S/ 31,969.93
S/ 68,647.93 12 426598.18 33237.26 S/ 34,460.78
S/ 68,647.93 13 392137.40 30552.34 S/ 37,145.70
S/ 68,647.93 14 354991.70 27658.23 S/ 40,039.81
S/ 68,647.93 15 314951.89 24538.64 S/ 43,159.41
S/ 68,647.93 16 271792.48 21175.99 S/ 46,522.06
S/ 68,647.93 17 225270.42 17551.34 S/ 50,146.70
S/ 68,647.93 18 175123.72 13644.30 S/ 54,053.75
S/ 68,647.93 19 121069.98 9432.84 S/ 58,265.20
S/ 68,647.93 20 62804.78 4893.27 S/ 62,804.78

FACTOR 153

SEG.DESG. P.PERIODICO
0 -500000 TCET 5.48%
280 S/ 39,236.17 TCEA 23.78%
280 S/ 39,236.17
280 S/ 39,236.17
280 S/ 42,504.14
280 S/ 42,504.14
280 S/ 42,504.14
280 S/ 42,504.14
280 S/ 42,504.14
280 S/ 42,504.14
280 S/ 42,504.14
280 S/ 42,504.14
280 S/ 42,504.14
280 S/ 42,504.14
280 S/ 42,504.14
280 S/ 42,504.14
280 S/ 42,504.14
280 S/ 42,504.14
280 S/ 42,504.14
280 S/ 42,504.14
 280 S/ 42,504.14

P.PERIODICO
-500000 TCET 7.09%
S/ 39,236.17 TCEA 31.51%
S/ 39,236.17
S/ 39,236.17
S/ 39,236.17
S/ 39,236.17
S/ 39,236.17
S/ 39,236.17
S/ 39,236.17
S/ 39,236.17
S/ 39,236.17
S/ 39,236.17
S/ 39,236.17
S/ 39,236.17
S/ 39,236.17
S/ 39,236.17
S/ 39,236.17
S/ 39,236.17
S/ 39,236.17
S/ 39,236.17
S/ 539,236.17

P.PERIODICO
-500000 TCET 10.30%
S/ 39,256.17 TCEA 48.02%
S/ 39,256.17
S/ 39,256.17
S/ 68,667.93
S/ 68,667.93
S/ 68,667.93
S/ 68,667.93
S/ 68,667.93
S/ 68,667.93
S/ 68,667.93
S/ 68,667.93
S/ 68,667.93
S/ 68,667.93
S/ 68,667.93
S/ 68,667.93
S/ 68,667.93
S/ 68,667.93
S/ 68,667.93
S/ 68,667.93
S/ 68,667.93
0.27894896
2.58029256

RENTA SEG.DESG. P.PERIODICOTCET 6.48%

0 0 -500000 TCEA 28.54%
280 S/ 280.00
280 S/ 280.00
280 S/ 280.00
S/ 67,698.04 280 S/ 67,978.04
S/ 67,698.04 280 S/ 67,978.04
S/ 67,698.04 280 S/ 67,978.04
S/ 67,698.04 280 S/ 67,978.04
S/ 67,698.04 280 S/ 67,978.04
S/ 67,698.04 280 S/ 67,978.04
S/ 67,698.04 280 S/ 67,978.04
S/ 67,698.04 280 S/ 67,978.04
S/ 67,698.04 280 S/ 67,978.04
S/ 67,698.04 280 S/ 67,978.04
S/ 67,698.04 280 S/ 67,978.04
S/ 67,698.04 280 S/ 67,978.04
S/ 67,698.04 280 S/ 67,978.04
S/ 67,698.04 280 S/ 67,978.04
S/ 67,698.04 280 S/ 67,978.04
S/ 67,698.04 280 S/ 67,978.04
S/ 67,698.04 280 S/ 67,978.04

RENTA SEG.DESG. P.PERIODICOTCET 7.85%

0 0 -500000 TCEA 35.29%
280 S/ 280.00
280 S/ 280.00
280 S/ 280.00
S/ 67,698.04 280 S/ 67,978.04
S/ 67,698.04 280 S/ 67,978.04
S/ 67,698.04 280 S/ 67,978.04
S/ 67,698.04 280 S/ 67,978.04
S/ 67,698.04 280 S/ 67,978.04
S/ 67,698.04 280 S/ 67,978.04
S/ 67,698.04 280 S/ 67,978.04
S/ 67,698.04 280 S/ 67,978.04
S/ 67,698.04 280 S/ 67,978.04
S/ 67,698.04 280 S/ 67,978.04
S/ 67,698.04 280 S/ 67,978.04
S/ 67,698.04 280 S/ 67,978.04
S/ 67,698.04 280 S/ 67,978.04
S/ 67,698.04 280 S/ 67,978.04
S/ 67,698.04 280 S/ 67,978.04
S/ 67,698.04 280 S/ 67,978.04
S/ 67,698.04 280 S/ 67,978.04
 C S/ 380,000.00
n 16 meses 8 bimestres
i 42% AKB
R S/ 63,637.75

PERIODOS SALDO INTERES AMORT RENTA SEG.DESG.

0 S/ 380,000.00 0 0 S/ 0.00 0
1 S/ 380,000.00 26600.00 S/ 37,037.75 S/ 63,637.75 0
2 S/ 342,962.25 24007.36 S/ 39,630.39 S/ 63,637.75 0
3 S/ 303,331.86 21233.23 S/ 42,404.52 S/ 63,637.75 0
4 S/ 260,927.34 18264.91 S/ 45,372.84 S/ 63,637.75 0
5 S/ 215,554.50 15088.82 S/ 48,548.93 S/ 63,637.75 0
6 S/ 167,005.57 11690.39 S/ 51,947.36 S/ 63,637.75 0
7 S/ 115,058.21 8054.07 S/ 55,583.68 S/ 63,637.75 0
8 S/ 59,474.53 4163.22 S/ 59,474.53 S/ 63,637.75 0

C 480000
n 540 dias R S/ 102,261.55
n 6 trimestres
i 30% AKT

PERIODOS SALDO INTERES AMORT RENTA SEG.DESG.

0 S/ 480,000.00 0 0 S/ 0.00 0
1 S/ 480,000.00 36000.00 S/ 66,261.55 S/ 102,261.55 0
2 S/ 413,738.45 31030.38 S/ 71,231.16 S/ 102,261.55 0
3 S/ 342,507.29 25688.05 S/ 76,573.50 S/ 102,261.55 0
4 S/ 265,933.79 19945.03 S/ 82,316.51 S/ 102,261.55 0
5 S/ 183,617.27 13771.30 S/ 88,490.25 S/ 102,261.55 0
 6 S/ 95,127.02 7134.53 S/ 95,127.02 S/ 102,261.55 0

C S/ 380,000.00
n 16 meses 8 bimestres
i 42% AKB
AMORTIZA=CAPITAL/NCUOTASPAGAR
AMORTIZA=C 47500

PERIODOS SALDO INTERES AMORT RENTA SEG.DESG.

0 S/ 380,000.00 0 0 0 0
1 S/ 380,000.00 26600.00 S/ 47,500.00 S/ 74,100.00 0
2 S/ 332,500.00 23275.00 S/ 47,500.00 S/ 70,775.00 0
3 S/ 285,000.00 19950.00 S/ 47,500.00 S/ 67,450.00 0
4 S/ 237,500.00 16625.00 S/ 47,500.00 S/ 64,125.00 0
5 S/ 190,000.00 13300.00 S/ 47,500.00 S/ 60,800.00 0
6 S/ 142,500.00 9975.00 S/ 47,500.00 S/ 57,475.00 0
7 S/ 95,000.00 6650.00 S/ 47,500.00 S/ 54,150.00 0
8 S/ 47,500.00 3325.00 S/ 47,500.00 S/ 50,825.00 0

C 480000
n 360 dias 4 trimestres
i 56% AKT

PERIODOS FACTOR AMORT SALDO INTERES AMORT RENTA

0 0 480000 0 0 0
1 0.1 480000 67200 48000 115200
2 0.2 432000 60480 96000 156480
3 0.3 336000 47040 144000 191040
4 0.4 192000 26880 192000 218880
 C S/ 380,000.00
n 16 meses 8 bimestres
i 42% AKB
PD 3
R S/ 92,678.46

PERIODOS SALDO INTERES AMORT RENTA SEG.DESG.

0 S/ 380,000.00 0 0 0 0
1 S/ 380,000.00 26600.00 S/ 0.00 S/ 26,600.00 0
2 S/ 380,000.00 26600.00 S/ 0.00 S/ 26,600.00 0
3 S/ 380,000.00 26600.00 S/ 0.00 S/ 26,600.00 0
4 S/ 380,000.00 26600.00 S/ 66,078.46 S/ 92,678.46 0
5 S/ 313,921.54 21974.51 S/ 70,703.96 S/ 92,678.46 0
6 S/ 243,217.58 17025.23 S/ 75,653.23 S/ 92,678.46 0
7 S/ 167,564.35 11729.50 S/ 80,948.96 S/ 92,678.46 0
8 S/ 86,615.39 6063.08 S/ 86,615.39 S/ 92,678.46 0

C 480000
n 540 dias 6 TRIMESTRES
i 30% AKT
PD 3 meses
R S/ 184,578.06
PERIODOS SALDO INTERES AMORT RENTA SEG.DESG.
0 S/ 480,000.00 0 0 0 0
1 S/ 480,000.00 36000.00 S/ 0.00 S/ 36,000.00 0
2 S/ 480,000.00 36000.00 S/ 0.00 S/ 36,000.00 0
3 S/ 480,000.00 36000.00 S/ 0.00 S/ 36,000.00 0
4 S/ 480,000.00 36000.00 S/ 148,578.06 S/ 184,578.06 0
5 S/ 331,421.94 24856.65 S/ 159,721.42 S/ 184,578.06 0
6 S/ 171,700.52 12877.54 S/ 171,700.52 S/ 184,578.06 0

C 550000
n 24 bimestres
i 42% AKB
R S/ 47,953.96

PERIODOS SALDO INTERES AMORT RENTA SEG.DESG.

0 550000 0 0 0 0
1 550000 38500 S/ 9,453.96 S/ 47,953.96 0
2 S/ 540,546.04 37838.2227 S/ 10,115.74 S/ 47,953.96 0
3 S/ 530,430.30 37130.121 S/ 10,823.84 S/ 47,953.96 0
4 S/ 519,606.46 36372.4522 S/ 11,581.51 S/ 47,953.96 0
5 S/ 508,024.95 35561.7465 S/ 12,392.21 S/ 47,953.96 0
6 S/ 495,632.74 34694.2915 S/ 13,259.67 S/ 47,953.96 0
7 S/ 482,373.07 33766.1146 S/ 14,187.85 S/ 47,953.96 0
8 S/ 468,185.22 32772.9653 S/ 15,181.00 S/ 47,953.96 0
9 S/ 453,004.22 31710.2956 S/ 16,243.67 S/ 47,953.96 0
10 S/ 436,760.56 30573.239 S/ 17,380.72 S/ 47,953.96 0
11 S/ 419,379.83 29356.5884 S/ 18,597.37 S/ 47,953.96 0
12 S/ 400,782.46 28054.7723 S/ 19,899.19 S/ 47,953.96 0
13 S/ 380,883.27 26661.829 S/ 21,292.13 S/ 47,953.96
14 S/ 359,591.14 25171.3798 S/ 22,782.58 S/ 47,953.96
15 S/ 336,808.56 23576.5991 S/ 24,377.36 S/ 47,953.96
16 S/ 312,431.20 21870.1837 S/ 26,083.78 S/ 47,953.96
17 S/ 286,347.42 20044.3193 S/ 27,909.64 S/ 47,953.96
18 S/ 258,437.78 18090.6443 S/ 29,863.32 S/ 47,953.96
19 S/ 228,574.46 16000.2121 S/ 31,953.75 S/ 47,953.96
20 S/ 196,620.71 13763.4497 S/ 34,190.51 S/ 47,953.96
21 S/ 162,430.20 11370.1139 S/ 36,583.85 S/ 47,953.96
22 S/ 125,846.35 8809.24452 S/ 39,144.72 S/ 47,953.96
 23 S/ 86,701.63 6069.11434 S/ 41,884.85 S/ 47,953.96
24 S/ 44,816.79 3137.17505 S/ 44,816.79 S/ 47,953.96

C 80000
n 1080 dias 12 trimestres
i 36% AKT
R S/ 11,172.05

PERIODOS SALDO INTERES AMORT RENTA SEG.DESG.

0 80000 0 0 0 0
1 80000 7200 S/ 3,972.05 S/ 11,172.05 0
2 S/ 76,027.95 6842.51526 S/ 4,329.54 S/ 11,172.05 0
3 S/ 71,698.41 6452.85689 S/ 4,719.20 S/ 11,172.05 0
4 S/ 66,979.21 6028.12927 S/ 5,143.92 S/ 11,172.05 0
5 S/ 61,835.29 5565.17616 S/ 5,606.88 S/ 11,172.05 0
6 S/ 56,228.41 5060.55728 S/ 6,111.50 S/ 11,172.05 0
7 S/ 50,116.92 4510.52269 S/ 6,661.53 S/ 11,172.05 0
8 S/ 43,455.39 3910.98499 S/ 7,261.07 S/ 11,172.05 0
9 S/ 36,194.32 3257.4889 S/ 7,914.56 S/ 11,172.05 0
10 S/ 28,279.76 2545.17816 S/ 8,626.87 S/ 11,172.05 0
11 S/ 19,652.88 1768.75946 S/ 9,403.29 S/ 11,172.05 0
12 S/ 10,249.59 922.463065 S/ 10,249.59 S/ 11,172.05 0

C 128000
n 20 meses
i 45% AKM
R S/ 9,211.15 Vencidas
R S/ 8,878.22 Adelantada
 C 75000
n 18 meses 6 trimestres
i 26% AKM
PD 180 dias 2 trimestres
R S/ 19,776.51

PERIODOS SALDO INTERES AMORT RENTA SEG.DESG.

0 S/ 75,000.00 0 0 0 0
1 S/ 75,000.00 1625.00 S/ 0.00 S/ 0.00 0
2 S/ 75,000.00 1625.00 S/ 0.00 S/ 0.00 0
3 S/ 75,000.00 1625.00 S/ 0.00 S/ 19,776.51 0
4 S/ 75,000.00 1625.00 S/ 18,151.51 S/ 19,776.51 0
5 S/ 56,848.49 1231.72 S/ 18,544.79 S/ 19,776.51 0
6 S/ 38,303.70 829.91 S/ 18,946.60 S/ 19,776.51 0
 C 64000
n 14 meses 7 bimestres
i 27% AKB
PD 120 dias 2 bimestres
R S/ 14,578.66

PERIODOS SALDO INTERES AMORT RENTA SEG.DESG.

0 S/ 64,000.00 0 0 0 0
1 S/ 64,000.00 2880.00 S/ 0.00 S/ 2,880.00 0
2 S/ 64,000.00 2880.00 S/ 0.00 S/ 2,880.00 0
3 S/ 64,000.00 2880.00 S/ 11,698.66 S/ 14,578.66 0
4 S/ 52,301.34 2353.56 S/ 12,225.10 S/ 14,578.66 0
5 S/ 40,076.23 1803.43 S/ 12,775.23 S/ 14,578.66 0
6 S/ 27,301.00 1228.54 S/ 13,350.12 S/ 14,578.66 0
7 S/ 13,950.88 627.79 S/ 13,950.88 S/ 14,578.66 0

C 7000
n 5 meses R S/ 1,616.82
i 5% TEM

PERIODOS SALDO INTERES AMORT RENTA SEG.DESG.

0 S/ 7,000.00 0 0 0 0
1 S/ 7,000.00 350.00 S/ 1,266.82 S/ 1,616.82 0
2 S/ 5,733.18 286.66 S/ 1,330.16 S/ 1,616.82 0
3 S/ 4,403.01 220.15 S/ 1,396.67 S/ 1,616.82 0
4 S/ 3,006.34 150.32 S/ 1,466.51 S/ 1,616.82 0
5 S/ 1,539.83 76.99 S/ 1,539.83 S/ 1,616.82 0

i 6% MKD R S/ 1,669.80
i 6.18% TEM

PERIODOS SALDO INTERES AMORT RENTA SEG.DESG.

0 S/ 7,000.00 0 0 0 0
1 S/ 7,000.00 432.41 S/ 1,237.39 S/ 1,669.80 0
2 S/ 5,762.61 355.97 S/ 1,313.82 S/ 1,669.80 0
 3 S/ 4,448.79 274.81 S/ 1,394.98 S/ 1,669.80 0
4 S/ 3,053.81 188.64 S/ 1,481.16 S/ 1,669.80 0
5 S/ 1,572.65 97.15 S/ 1,572.65 S/ 1,669.80 0

C 500000
n 5 años 10 semestres
C1 100000 R S/ 35,737.51
i 16% TES
C2 400000 R S/ 108,555.95

PERIODOS SALDO INTERES AMORT RENTA SEG.DESG.

0 S/ 500,000.00 0 0 0 0
1 S/ 500,000.00 16000.00 S/ 19,737.51 S/ 35,737.51 0
2 S/ 480,262.49 12842.00 S/ 22,895.51 S/ 35,737.51 0
3 S/ 457,366.98 9178.72 S/ 26,558.79 S/ 35,737.51 0
4 S/ 430,808.20 4929.31 S/ 30,808.20 S/ 35,737.51 0
5 S/ 400,000.00 64000.00 S/ 44,555.95 S/ 108,555.95 0
6 S/ 355,444.05 56871.05 S/ 51,684.90 S/ 108,555.95
7 S/ 303,759.15 48601.46 S/ 59,954.48 S/ 108,555.95
8 S/ 243,804.67 39008.75 S/ 69,547.20 S/ 108,555.95
9 S/ 174,257.47 27881.19 S/ 80,674.75 S/ 108,555.95
10 S/ 93,582.71 14973.23 S/ 93,582.71 S/ 108,555.95

C 1000 R S/ 262.62
n 4 meses
i 2% TEM
PERIODOS SALDO INTERES AMORT RENTA SEG.DESG.
0 S/ 1,000.00 0 0 0 0
1 S/ 1,000.00 20.00 S/ 242.62 S/ 262.62 0
2 S/ 757.38 15.15 S/ 247.48 S/ 262.62 0
3 S/ 509.90 10.20 S/ 252.43 S/ 262.62 0
3 S/ 257.47 5.15 S/ 257.47 S/ 262.62 1

C 100000
i 38% AKT
n 30 meses 10 trimestres R
PG 9 meses 3 trimestres

PERIODOS SALDO INTERES AMORT RENTA SEG.DESG.

0 S/ 100,000.00 0 0 0 0
1 S/ 100,000.00 9500.00 S/ 0.00 S/ 9,500.00 0
2 S/ 100,000.00 9500.00 S/ 0.00 S/ 9,500.00 0
3 S/ 100,000.00 9500.00 S/ 0.00 S/ 9,500.00 0
4 S/ 100,000.00 9500.00 S/ 10,703.60 S/ 20,203.60 0
5 S/ 89,296.40 8483.16 S/ 11,720.45 S/ 20,203.60 0
6 S/ 77,575.95 7369.72 S/ 12,833.89 S/ 20,203.60 0
7 S/ 64,742.06 6150.50 S/ 14,053.11 S/ 20,203.60 0
8 S/ 50,688.96 4815.45 S/ 15,388.15 S/ 20,203.60 0
9 S/ 35,300.81 3353.58 S/ 16,850.03 S/ 20,203.60 0
10 S/ 18,450.78 1752.82 S/ 18,450.78 S/ 20,203.60 1
P.PERIODICO TCET 7.18%
-380000 TCEA 31.94%
S/ 63,637.75
S/ 63,637.75
S/ 63,637.75
S/ 63,637.75
S/ 63,637.75
S/ 63,637.75
S/ 63,637.75
S/ 63,637.75

P.PERIODICO TCET 7.32%

-480000 TCEA 32.65%
S/ 102,261.55
S/ 102,261.55
S/ 102,261.55
S/ 102,261.55
S/ 102,261.55
 S/ 102,261.55

P.PERIODICO
-380000 TCET 7.00%
S/ 74,100.00 TCEA 31.08%
S/ 70,775.00
S/ 67,450.00
S/ 64,125.00
S/ 60,800.00
S/ 57,475.00
S/ 54,150.00
S/ 50,825.00

10

SDESGRAV PAGO PERIODTCET 14.00%

0 -480000 TCEA 68.90%
0 115200.00
0 156480.00
0 191040.00
0 218880.00
 R S/ 465,516.34
R 113535.103436

P.PERIODICO PERIODOS SALDO INTERES AMORT RENTA

-380000 0 S/ 380,000.00 0 0 0
S/ 26,600.00 1 S/ 380,000.00 26600.00
S/ 26,600.00 2 S/ 406,600.00 28462.00
S/ 26,600.00 3 S/ 435,062.00 30454.34
S/ 92,678.46 4 S/ 465,516.34 32586.14 S/ 80,948.96 S/ 113,535.10
S/ 92,678.46 5 S/ 384,567.38 26919.72 S/ 86,615.39 S/ 113,535.10
S/ 92,678.46 6 S/ 297,951.99 20856.64 S/ 92,678.46 S/ 113,535.10
S/ 92,678.46 7 S/ 205,273.53 14369.15 S/ 99,165.96 S/ 113,535.10
S/ 92,678.46 8 S/ 106,107.57 7427.53 S/ 106,107.57 S/ 113,535.10

R S/ 596,302.50
R 229300.749021
P.PERIODICO
-480000 PERIODOS SALDO INTERES AMORT RENTA
S/ 36,000.00 0 S/ 480,000.00 0 0 0
S/ 36,000.00 1 S/ 480,000.00 36000.00
S/ 36,000.00 2 S/ 516,000.00 38700.00
S/ 184,578.06 3 S/ 554,700.00 41602.50
S/ 184,578.06 4 S/ 596,302.50 44722.69 S/ 184,578.06 S/ 229,300.75
S/ 184,578.06 5 S/ 411,724.44 30879.33 S/ 198,421.42 S/ 229,300.75
6 S/ 213,303.02 15997.73 S/ 213,303.02 S/ 229,300.75

P.PERIODICO TCEM 0.70%

-550000 TCEA 8.77%
S/ 47,953.96
S/ 47,953.96
S/ 47,953.96
S/ 47,953.96
S/ 47,953.96
S/ 47,953.96
S/ 47,953.96
S/ 47,953.96
S/ 47,953.96
S/ 47,953.96
S/ 47,953.96
S/ 47,953.96
S/ 47,953.96
S/ 47,953.96
S/ 47,953.96
S/ 47,953.96
S/ 47,953.96
S/ 47,953.96
S/ 47,953.96
S/ 47,953.96
S/ 47,953.96
S/ 47,953.96
 S/ 47,953.96
S/ 47,953.96

P.PERIODICO TCEM 9.00%

-80000 TCEA 181.27%
S/ 11,172.05
S/ 11,172.05
S/ 11,172.05
S/ 11,172.05
S/ 11,172.05
S/ 11,172.05
S/ 11,172.05
S/ 11,172.05
S/ 11,172.05
S/ 11,172.05
S/ 11,172.05
S/ 11,172.05
P.PERIODICO
-75000
S/ 0.00
S/ 0.00
S/ 19,776.51
S/ 19,776.51
S/ 19,776.51
S/ 19,776.51
P.PERIODICO
-64000
S/ 2,880.00
S/ 2,880.00
S/ 14,578.66
S/ 14,578.66
S/ 14,578.66
S/ 14,578.66
S/ 14,578.66

P.PERIODICO
-7000
S/ 1,616.82
S/ 1,616.82
S/ 1,616.82
S/ 1,616.82
S/ 1,616.82

P.PERIODICO
-7000
S/ 1,669.80
S/ 1,669.80
 S/ 1,669.80
S/ 1,669.80
S/ 1,669.80

P.PERIODICO
-500000
S/ 35,737.51
S/ 35,737.51
S/ 35,737.51
S/ 35,737.51
S/ 108,555.95
S/ 108,555.95
S/ 108,555.95
S/ 108,555.95
S/ 108,555.95
S/ 108,555.95
P.PERIODICO
-1000
S/ 262.62
S/ 262.62
S/ 262.62
S/ 263.62

S/ 20,203.60

P.PERIODICO
-100000
S/ 9,500.00
S/ 9,500.00
S/ 9,500.00
S/ 20,203.60
S/ 20,203.60
S/ 20,203.60
S/ 20,203.60
S/ 20,203.60
S/ 20,203.60
S/ 20,204.60
0.09817862
0.40255173

SEG.DESG. P.PERIODICO
0 -380000
0 S/ 0.00
0 S/ 0.00
0 S/ 0.00
0 ###
0 ###
0 ###
0 ###
0 ###

0.09317227
0.24229687
SEG.DESG. P.PERIODICO
0 -480000
0 S/ 0.00
0 S/ 0.00
0 S/ 0.00
0 ###
0 ###
0 ###
DEPRECIACIÓN

1. Metodo Lineal

8000

C 52000
VR 4000
n 6 años

Periodos Dep. Anual Dep. Acumulada V. Libros

0 52000
1 8000 8000 44000
2 8000 16000 36000
3 8000 24000 28000
4 8000 32000 20000
5 8000 40000 12000
6 8000 48000 4000

2. Método de la Suma de los años dígitos

C 52000 BF = 48000
VR 4000
n 6

Periodos Factor Base Fija Dep. Anual Dep. Acumulada V. Libros

0 52000
1 0.29 48000 13714.29 13714.29 38285.71
2 0.24 48000 11428.57 25142.86 26857.14
3 0.19 48000 9142.86 34285.71 17714.29
4 0.14 48000 6857.14 41142.86 10857.14
5 0.10 48000 4571.43 45714.29 6285.71
6 0.05 48000 2285.71 48000.00 4000.00
21

3. Método del Fondo de Amortización

C 45000 D 42000 0.08240028

VR 3000 D 3460.81
n 6 años
i 28% TEA

Periodos D. Anual Interes Inc. Anual Inc. Acumulado V. Libros

0 45000
 1 3460.81 0 3460.81 3460.81 41539.19
2 3460.81 969.02734828376 4429.84 7890.65 37109.35
3 3460.81 2209.382354087 5670.19 13560.85 31439.15
4 3460.81 3797.0367615151 7257.85 20818.69 24181.31
5 3460.81 5829.2344030231 9290.05 30108.74 14891.26
6 3460.81 8430.4473841533 11891.26 42000.00 3000.00

4. Método del Porcentaje Fijo

C 52000 i 34.79%
VR 4000
n 6

Periodos V. Libros D. Anual d. ACUMULADA

0 52000
1 33911.43 18088.57 18088.57
2 22115.10 11796.33 29884.90
3 14422.21 7692.89 37577.79
4 9405.34 5016.87 42594.66
5 6133.62 3271.71 45866.38
6 4000.00 2133.62 48000.00
TÉCNICAS EVALUACIÓN PROYECTOS

1. VAN - VALOR ACTUAL NETO

VAN = FCI + FC2 +

(1+COK)^1 (1+COK)^2

FLUJO:
0 1 2 3
INGRESOS 60000 65000 70000
EGRESOS
*INVERSIÓN 80000
*COST. OPER 20000 25000 30000
FLUJO NETO 80000 40000 40000 40000

2. TIR - TASA INTERNA RETORNO Beneficio del proyecto

INVER = FC1 + FC 2 +
(1+TIR)^1 (1+TIR)^2

80000 = 40000 + 40000 +

(1+TIR)^1 (1+TIR)^2

TASA 30% TASA 42%

80000 = 97422.79 80000 = 78742.46

3. B/C = BENEFICIO COSTO

B/C = VAN + INVER. Nota:

1.68
INVER. Por cada sol que invierto recupero 1.68 (la uti

4. PR = PERIODO RECUPERO No considera el valor del dinero en el tiempo (una tasa)

P.R = AÑOS ANTES DE R. INVERSIÓN + (INVERSIÓN- FLUJO ANTES DE R. INVERSIÓN) / EL SIGUIENTE FLUJO

2.54 6.48

EJERCICIO 1: Calcula costo de oportunidad 25% AKS Calcular el VAN

1. VAN - VALOR ACTUAL NETO
Inversión 150000 VAN
Flujo
1 60000 S/ 47,407.41
2 70000 S/ 43,700.66
3 80000 S/ 39,461.61
4 90000 S/ 35,076.99
5 100000 S/ 30,794.61
VANT S/ 196,441.28

2. TIR - TASA INTERNA RETORNO COK = 25%

INVER = FC1 TASA REFERENCIA

(1+TIR)^1 4 400

INTERPOLACIÓN
40% 81406
x TIR 80000 1406
2% 42% 78742 2664
 Flujo: Dinero contante y sonante Costo oportunidad: Lo que quiero ganar

FC3 + FCn - INVERSIÓN

(1+COK)^3 (1+COK)^n

4 5
75000 80000 VAN = VA -
S/ 134,086.20

35000 40000
40000 40000

VAN = 0 COK = 20%

FC3 + FCn
(1+TIR)^3 (1+TIR)^n

40000 ….. 40000 TASA REFERENCIA

(1+TIR)^3 (1+TIR)^n 1.5 150

INTERPOLACIÓN
40% 81406
x TIR 80000 1406
2% 42% 78742 2664

cada sol que invierto recupero 1.68 (la utilidad es 1.68).

tiempo (una tasa) Solo suma los flujos

ES DE R. INVERSIÓN) / EL SIGUIENTE FLUJO

0.48

14.4

cular el VAN 26.56%

- 150000 = VAN S/ 46,441.28

TASA 30% TASA 42%

80 % 80000 = 97422.79 80000 =

X= 1.06%

TIR = 41.06%
que quiero ganar Tasa interna retorno: Hace que 0 = VAN

Importante:
POSITIVO = VAN > 0 GANO 15% + PLUS /
NULO (0) = VAN = 0 GANO 15% Y RECUPERO DINERO /
NEGATIVO = VAN < 0 EL VAN ES NEGATIVO X

INVERSIÓN = VAN
80000 S/ 54,086.20

30 %

X= 1.06%

TIR = 41.06%
78742.46