Rodrigo Serrano C.I.: 24.592.

190

Ejercicio #2. Cuadro de Amortizacin

Sistema Francs

Cuadro de Amortizacin. Sistema Nivelado

t
A
(Mese Qt It t St
os
s)
100.000.0
0
- - - 00,00
1
753.415,11 643.403,01 110.012,10 99.889.987,90
2
753.415,11 642.695,19 110.719,92 99.779.267,99
3
753.415,11 641.982,81 111.432,29 99.667.835,70
4
753.415,11 641.265,86 112.149,25 99.555.686,45
5
753.415,11 640.544,28 112.870,82 99.442.815,62
1 6
753.415,11 639.818,07 113.597,04 99.329.218,59
7
753.415,11 639.087,18 114.327,92 99.214.890,66
8
753.415,11 638.351,59 115.063,51 99.099.827,15
9
753.415,11 637.611,27 115.803,83 98.984.023,32
10
753.415,11 636.866,19 116.548,92 98.867.474,40
11
753.415,11 636.116,31 117.298,80 98.750.175,60
12
753.415,11 635.361,60 118.053,50 98.632.122,09
2
13
753.415,11 634.602,04 118.813,06 98.513.309,03
14
753.415,11 633.837,60 119.577,51 98.393.731,52
15
753.415,11 633.068,23 120.346,88 98.273.384,65
16
753.415,11 632.293,92 121.121,19 98.152.263,46
17
753.415,11 631.514,62 121.900,49 98.030.362,97
 18
753.415,11 630.730,31 122.684,80 97.907.678,17
19
753.415,11 629.940,95 123.474,16 97.784.204,01
20
753.415,11 629.146,51 124.268,59 97.659.935,42
21
753.415,11 628.346,97 125.068,14 97.534.867,28
22
753.415,11 627.542,27 125.872,83 97.408.994,44
23
753.415,11 626.732,40 126.682,70 97.282.311,74
24
753.415,11 625.917,32 127.497,78 97.154.813,96
25
753.415,11 625.097,00 128.318,11 97.026.495,85
26
753.415,11 624.271,40 129.143,71 96.897.352,14
27
753.415,11 623.440,48 129.974,63 96.767.377,51
28
753.415,11 622.604,22 130.810,89 96.636.566,63
29
753.415,11 621.762,58 131.652,53 96.504.914,10
30
753.415,11 620.915,52 132.499,58 96.372.414,52
3
31
753.415,11 620.063,02 133.352,09 96.239.062,43
32
753.415,11 619.205,03 134.210,08 96.104.852,35
33
753.415,11 618.341,51 135.073,59 95.969.778,75
34
753.415,11 617.472,45 135.942,66 95.833.836,09
35
753.415,11 616.597,79 136.817,32 95.697.018,77
36
753.415,11 615.717,50 137.697,61 95.559.321,17
4
37
753.415,11 614.831,55 138.583,56 95.420.737,61
38
753.415,11 613.939,90 139.475,21 95.281.262,40
39
753.415,11 613.042,51 140.372,60 95.140.889,81
40
753.415,11 612.139,35 141.275,76 94.999.614,05
41
753.415,11 611.230,38 142.184,73 94.857.429,32
42
 753.415,11 610.315,56 143.099,55 94.714.329,77
43
753.415,11 609.394,85 144.020,26 94.570.309,52
44
753.415,11 608.468,22 144.946,89 94.425.362,63
45
753.415,11 607.535,63 145.879,48 94.279.483,15
46
753.415,11 606.597,03 146.818,07 94.132.665,08
47
753.415,11 605.652,40 147.762,70 93.984.902,37
48
753.415,11 604.701,69 148.713,41 93.836.188,96
49
753.415,11 603.744,87 149.670,24 93.686.518,72
50
753.415,11 602.781,88 150.633,22 93.535.885,49
51
753.415,11 601.812,70 151.602,40 93.384.283,09
52
753.415,11 600.837,29 152.577,82 93.231.705,27
53
753.415,11 599.855,60 153.559,51 93.078.145,76
54
753.415,11 598.867,59 154.547,51 92.923.598,25
5
55
753.415,11 597.873,23 155.541,88 92.768.056,37
56
753.415,11 596.872,47 156.542,64 92.611.513,73
57
753.415,11 595.865,27 157.549,84 92.453.963,90
58
753.415,11 594.851,59 158.563,52 92.295.400,38
59
753.415,11 593.831,39 159.583,72 92.135.816,66
60
753.415,11 592.804,62 160.610,49 91.975.206,17
6
61
753.415,11 591.771,25 161.643,86 91.813.562,31
62
753.415,11 590.731,22 162.683,88 91.650.878,43
63
753.415,11 589.684,51 163.730,59 91.487.147,83
64
753.415,11 588.631,06 164.784,04 91.322.363,79
65
753.415,11 587.570,84 165.844,27 91.156.519,52
66
753.415,11 586.503,79 166.911,32 90.989.608,21
 67
753.415,11 585.429,88 167.985,23 90.821.622,98
68
753.415,11 584.349,06 169.066,05 90.652.556,93
69
753.415,11 583.261,28 170.153,83 90.482.403,10
70
753.415,11 582.166,51 171.248,60 90.311.154,50
71
753.415,11 581.064,69 172.350,42 90.138.804,08
72
753.415,11 579.955,78 173.459,33 89.965.344,76
73
753.415,11 578.839,74 174.575,37 89.790.769,39
74
753.415,11 577.716,51 175.698,59 89.615.070,79
75
753.415,11 576.586,06 176.829,04 89.438.241,75
76
753.415,11 575.448,34 177.966,77 89.260.274,99
77
753.415,11 574.303,30 179.111,81 89.081.163,18
78
753.415,11 573.150,89 180.264,22 88.900.898,96
7
79
753.415,11 571.991,06 181.424,05 88.719.474,91
80
753.415,11 570.823,77 182.591,33 88.536.883,58
81
753.415,11 569.648,97 183.766,13 88.353.117,45
82
753.415,11 568.466,62 184.948,49 88.168.168,96
83
753.415,11 567.276,65 186.138,45 87.982.030,50
84
753.415,11 566.079,03 187.336,07 87.794.694,43
8
85
753.415,11 564.873,71 188.541,40 87.606.153,03
86
753.415,11 563.660,63 189.754,48 87.416.398,55
87
753.415,11 562.439,74 190.975,37 87.225.423,19
88
753.415,11 561.211,00 192.204,11 87.033.219,08
89
753.415,11 559.974,35 193.440,75 86.839.778,33
90
753.415,11 558.729,75 194.685,36 86.645.092,97
91
 753.415,11 557.477,14 195.937,97 86.449.155,00
92
753.415,11 556.216,47 197.198,64 86.251.956,36
93
753.415,11 554.947,68 198.467,42 86.053.488,94
94
753.415,11 553.670,74 199.744,37 85.853.744,57
95
753.415,11 552.385,58 201.029,53 85.652.715,04
96
753.415,11 551.092,15 202.322,96 85.450.392,08
97
753.415,11 549.790,40 203.624,71 85.246.767,37
98
753.415,11 548.480,27 204.934,84 85.041.832,53
99
753.415,11 547.161,71 206.253,40 84.835.579,14
100
753.415,11 545.834,67 207.580,44 84.627.998,70
101
753.415,11 544.499,09 208.916,01 84.419.082,69
102
753.415,11 543.154,92 210.260,19 84.208.822,50
9
103
753.415,11 541.802,10 211.613,01 83.997.209,49
104
753.415,11 540.440,58 212.974,53 83.784.234,96
105
753.415,11 539.070,29 214.344,82 83.569.890,15
106
753.415,11 537.691,19 215.723,92 83.354.166,23
107
753.415,11 536.303,22 217.111,89 83.137.054,34
108
753.415,11 534.906,31 218.508,80 82.918.545,54
10
109
753.415,11 533.500,42 219.914,69 82.698.630,85
110
753.415,11 532.085,48 221.329,63 82.477.301,23
111
753.415,11 530.661,44 222.753,67 82.254.547,56
112
753.415,11 529.228,24 224.186,87 82.030.360,69
113
753.415,11 527.785,81 225.629,30 81.804.731,40
114
753.415,11 526.334,10 227.081,00 81.577.650,39
115
753.415,11 524.873,06 228.542,05 81.349.108,35
 116
753.415,11 523.402,61 230.012,49 81.119.095,85
117
753.415,11 521.922,71 231.492,40 80.887.603,45
118
753.415,11 520.433,28 232.981,83 80.654.621,62
119
753.415,11 518.934,26 234.480,84 80.420.140,78
120
753.415,11 517.425,61 235.989,50 80.184.151,28
121
753.415,11 515.907,24 237.507,86 79.946.643,42
122
753.415,11 514.379,11 239.036,00 79.707.607,42
123
753.415,11 512.841,15 240.573,96 79.467.033,46
124
753.415,11 511.293,29 242.121,82 79.224.911,64
125
753.415,11 509.735,47 243.679,64 78.981.232,00
126
753.415,11 508.167,62 245.247,48 78.735.984,52
11
127
753.415,11 506.589,70 246.825,41 78.489.159,11
128
753.415,11 505.001,61 248.413,49 78.240.745,62
129
753.415,11 503.403,31 250.011,79 77.990.733,82
130
753.415,11 501.794,73 251.620,38 77.739.113,45
131
753.415,11 500.175,80 253.239,31 77.485.874,14
132
753.415,11 498.546,45 254.868,66 77.231.005,48
12
133
753.415,11 496.906,61 256.508,49 76.974.496,99
134
753.415,11 495.256,23 258.158,88 76.716.338,11
135
753.415,11 493.595,23 259.819,88 76.456.518,23
136
753.415,11 491.923,54 261.491,57 76.195.026,67
137
753.415,11 490.241,10 263.174,01 75.931.852,66
138
753.415,11 488.547,83 264.867,28 75.666.985,38
139
753.415,11 486.843,66 266.571,44 75.400.413,93
140
 753.415,11 485.128,53 268.286,57 75.132.127,36
141
753.415,11 483.402,37 270.012,74 74.862.114,62
142
753.415,11 481.665,10 271.750,01 74.590.364,62
143
753.415,11 479.916,65 273.498,45 74.316.866,16
144
753.415,11 478.156,95 275.258,15 74.041.608,01
145
753.415,11 476.385,94 277.029,17 73.764.578,84
146
753.415,11 474.603,52 278.811,59 73.485.767,25
147
753.415,11 472.809,64 280.605,47 73.205.161,79
148
753.415,11 471.004,22 282.410,89 72.922.750,90
149
753.415,11 469.187,17 284.227,93 72.638.522,97
150
753.415,11 467.358,44 286.056,66 72.352.466,30
13
151
753.415,11 465.517,95 287.897,16 72.064.569,14
152
753.415,11 463.665,61 289.749,50 71.774.819,64
153
753.415,11 461.801,35 291.613,76 71.483.205,89
154
753.415,11 459.925,10 293.490,01 71.189.715,88
155
753.415,11 458.036,78 295.378,33 70.894.337,55
156
753.415,11 456.136,30 297.278,80 70.597.058,75
14
157
753.415,11 454.223,60 299.191,50 70.297.867,24
158
753.415,11 452.298,59 301.116,51 69.996.750,73
159
753.415,11 450.361,20 303.053,90 69.693.696,83
160
753.415,11 448.411,34 305.003,76 69.388.693,06
161
753.415,11 446.448,94 306.966,17 69.081.726,90
162
753.415,11 444.473,91 308.941,20 68.772.785,70
163
753.415,11 442.486,17 310.928,93 68.461.856,77
164
753.415,11 440.485,65 312.929,46 68.148.927,31
 165
753.415,11 438.472,25 314.942,86 67.833.984,45
166
753.415,11 436.445,90 316.969,21 67.517.015,25
167
753.415,11 434.406,51 319.008,60 67.198.006,65
168
753.415,11 432.354,00 321.061,11 66.876.945,54
169
753.415,11 430.288,28 323.126,83 66.553.818,72
170
753.415,11 428.209,27 325.205,83 66.228.612,88
171
753.415,11 426.116,89 327.298,22 65.901.314,67
172
753.415,11 424.011,04 329.404,06 65.571.910,60
173
753.415,11 421.891,65 331.523,46 65.240.387,14
174
753.415,11 419.758,62 333.656,49 64.906.730,65
15
175
753.415,11 417.611,86 335.803,25 64.570.927,41
176
753.415,11 415.451,29 337.963,82 64.232.963,59
177
753.415,11 413.276,82 340.138,28 63.892.825,31
178
753.415,11 411.088,36 342.326,74 63.550.498,56
179
753.415,11 408.885,82 344.529,29 63.205.969,28
180
753.415,11 406.669,11 346.746,00 62.859.223,28
16
181
753.415,11 404.438,14 348.976,97 62.510.246,31
182
753.415,11 402.192,81 351.222,30 62.159.024,01
183
753.415,11 399.933,03 353.482,07 61.805.541,93
184
753.415,11 397.658,72 355.756,39 61.449.785,55
185
753.415,11 395.369,77 358.045,34 61.091.740,21
186
753.415,11 393.066,10 360.349,01 60.731.391,20
187
753.415,11 390.747,60 362.667,51 60.368.723,69
188
753.415,11 388.414,19 365.000,92 60.003.722,77
189
 753.415,11 386.065,76 367.349,35 59.636.373,43
190
753.415,11 383.702,22 369.712,88 59.266.660,54
191
753.415,11 381.323,48 372.091,63 58.894.568,91
192
753.415,11 378.929,43 374.485,68 58.520.083,24
193
753.415,11 376.519,98 376.895,13 58.143.188,11
194
753.415,11 374.095,02 379.320,08 57.763.868,02
195
753.415,11 371.654,47 381.760,64 57.382.107,38
196
753.415,11 369.198,21 384.216,90 56.997.890,48
197
753.415,11 366.726,14 386.688,96 56.611.201,52
198
753.415,11 364.238,18 389.176,93 56.222.024,59
17
199
753.415,11 361.734,20 391.680,91 55.830.343,68
200
753.415,11 359.214,11 394.200,99 55.436.142,69
201
753.415,11 356.677,81 396.737,30 55.039.405,39
202
753.415,11 354.125,19 399.289,91 54.640.115,48
203
753.415,11 351.556,15 401.858,96 54.238.256,52
204
753.415,11 348.970,58 404.444,53 53.833.811,99
18
205
753.415,11 346.368,37 407.046,74 53.426.765,25
206
753.415,11 343.749,42 409.665,69 53.017.099,56
207
753.415,11 341.113,61 412.301,49 52.604.798,07
208
753.415,11 338.460,85 414.954,25 52.189.843,82
209
753.415,11 335.791,03 417.624,08 51.772.219,74
210
753.415,11 333.104,02 420.311,09 51.351.908,65
211
753.415,11 330.399,73 423.015,38 50.928.893,27
212
753.415,11 327.678,03 425.737,07 50.503.156,20
213
753.415,11 324.938,83 428.476,28 50.074.679,92
 214
753.415,11 322.182,00 431.233,11 49.643.446,81
215
753.415,11 319.407,43 434.007,67 49.209.439,14
216
753.415,11 316.615,01 436.800,09 48.772.639,04
217
753.415,11 313.804,63 439.610,48 48.333.028,57
218
753.415,11 310.976,16 442.438,95 47.890.589,62
219
753.415,11 308.129,50 445.285,61 47.445.304,01
220
753.415,11 305.264,51 448.150,59 46.997.153,42
221
753.415,11 302.381,10 451.034,01 46.546.119,41
222
753.415,11 299.479,13 453.935,97 46.092.183,44
19
223
753.415,11 296.558,50 456.856,61 45.635.326,83
224
753.415,11 293.619,07 459.796,04 45.175.530,79
225
753.415,11 290.660,73 462.754,38 44.712.776,41
226
753.415,11 287.683,35 465.731,76 44.247.044,65
227
753.415,11 284.686,82 468.728,29 43.778.316,36
228
753.415,11 281.671,01 471.744,10 43.306.572,26
20
229
753.415,11 278.635,79 474.779,32 42.831.792,95
230
753.415,11 275.581,05 477.834,06 42.353.958,89
231
753.415,11 272.506,65 480.908,46 41.873.050,43
232
753.415,11 269.412,47 484.002,64 41.389.047,79
233
753.415,11 266.298,38 487.116,73 40.901.931,06
234
753.415,11 263.164,26 490.250,85 40.411.680,21
235
753.415,11 260.009,97 493.405,14 39.918.275,07
236
753.415,11 256.835,38 496.579,72 39.421.695,35
237
753.415,11 253.640,37 499.774,73 38.921.920,62
238
 753.415,11 250.424,81 502.990,30 38.418.930,32
239
753.415,11 247.188,55 506.226,55 37.912.703,77
240
753.415,11 243.931,48 509.483,63 37.403.220,14
241
753.415,11 240.653,44 512.761,66 36.890.458,48
242
753.415,11 237.354,32 516.060,79 36.374.397,69
243
753.415,11 234.033,97 519.381,14 35.855.016,55
244
753.415,11 230.692,26 522.722,85 35.332.293,70
245
753.415,11 227.329,04 526.086,06 34.806.207,64
246
753.415,11 223.944,19 529.470,92 34.276.736,72
21
247
753.415,11 220.537,56 532.877,55 33.743.859,17
248
753.415,11 217.109,01 536.306,10 33.207.553,07
249
753.415,11 213.658,40 539.756,71 32.667.796,36
250
753.415,11 210.185,59 543.229,52 32.124.566,84
251
753.415,11 206.690,43 546.724,68 31.577.842,16
252
753.415,11 203.172,79 550.242,32 31.027.599,84
22
253
753.415,11 199.632,51 553.782,59 30.473.817,25
254
753.415,11 196.069,46 557.345,65 29.916.471,60
255
753.415,11 192.483,48 560.931,63 29.355.539,97
256
753.415,11 188.874,43 564.540,68 28.790.999,30
257
753.415,11 185.242,16 568.172,95 28.222.826,35
258
753.415,11 181.586,51 571.828,59 27.650.997,75
259
753.415,11 177.907,35 575.507,75 27.075.490,00
260
753.415,11 174.204,52 579.210,59 26.496.279,41
261
753.415,11 170.477,86 582.937,25 25.913.342,16
262
753.415,11 166.727,22 586.687,88 25.326.654,28
 263
753.415,11 162.952,46 590.462,65 24.736.191,63
264
753.415,11 159.153,40 594.261,70 24.141.929,93
265
753.415,11 155.329,90 598.085,20 23.543.844,72
266
753.415,11 151.481,81 601.933,30 22.941.911,42
267
753.415,11 147.608,95 605.806,16 22.336.105,27
268
753.415,11 143.711,17 609.703,93 21.726.401,33
269
753.415,11 139.788,32 613.626,79 21.112.774,55
270
753.415,11 135.840,23 617.574,88 20.495.199,67
23
271
753.415,11 131.866,73 621.548,37 19.873.651,29
272
753.415,11 127.867,67 625.547,44 19.248.103,86
273
753.415,11 123.842,88 629.572,23 18.618.531,63
274
753.415,11 119.792,19 633.622,91 17.984.908,72
275
753.415,11 115.715,44 637.699,66 17.347.209,06
276
753.415,11 111.612,47 641.802,64 16.705.406,42
24
277
753.415,11 107.483,09 645.932,02 16.059.474,40
278
753.415,11 103.327,14 650.087,96 15.409.386,43
279
753.415,11 99.144,46 654.270,65 14.755.115,78
280
753.415,11 94.934,86 658.480,25 14.096.635,54
281
753.415,11 90.698,18 662.716,93 13.433.918,61
282
753.415,11 86.434,24 666.980,87 12.766.937,74
283
753.415,11 82.142,86 671.272,24 12.095.665,49
284
753.415,11 77.823,88 675.591,23 11.420.074,26
285
753.415,11 73.477,10 679.938,00 10.740.136,26
286
753.415,11 69.102,36 684.312,75 10.055.823,51
287
 753.415,11 64.699,47 688.715,64 9.367.107,88
288
753.415,11 60.268,25 693.146,85 8.673.961,02
289
753.415,11 55.808,53 697.606,58 7.976.354,44
290
753.415,11 51.320,10 702.095,00 7.274.259,44
291
753.415,11 46.802,80 706.612,30 6.567.647,14
292
753.415,11 42.256,44 711.158,67 5.856.488,47
293
753.415,11 37.680,82 715.734,28 5.140.754,19
294
753.415,11 33.075,77 720.339,34 4.420.414,85
25
295
753.415,11 28.441,08 724.974,02 3.695.440,83
296
753.415,11 23.776,58 729.638,53 2.965.802,30
297
753.415,11 19.082,06 734.333,05 2.231.469,25
298
753.415,11 14.357,34 739.057,77 1.492.411,49
299
753.415,11 9.602,22 743.812,89 748.598,60
300
753.415,11 4.816,51 748.598,60 0,00

Equivalencia de Tasas
12
1+i=(1+i 12)

1
i 12=(1+0.08) 12 1=0,00643

Ecuacin de Equilibrio
100.000.000=QxA 300 i

100.000.000
Q= = 753.415,11
A 300 i
Anlisis:

A medida que se avanza en el tiempo, el monto pagado por

intereses en cada cuota va disminuyendo, mientras que el
monto del capital amortizado en cada cuota aumenta. Esto se
debe a que el monto de la cuota Q viene dado por la suma del
inters aplicado al saldo del ao anterior, ms el capital
amortizado en ese ao. Como el Saldo de la deuda lgicamente
va disminuyendo al pasar los aos, el monto del inters pagado
en cada cuota tambin lo har.

Ahora bien en el sistema de amortizacin francs el monto de

las cuotas siempre ser igual, como el monto pagado por
intereses en cada cuota va disminuyendo, evidentemente el
monto del capital amortizado ser cada vez mayor.

Es por esto que en la primera cuota es en la cual se paga ms

dinero por concepto de inters y menos por capital amortizado,
mientras que en la ltima cuota es donde se paga ms por
capital amortizado y el menor monto por concepto de inters.