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Kultur Dokumente
NACIONAL DEL
CALLAO
CURSO : MATEMATICA
FINANCIERA
AMORTIZACIONES
FACULTAD DE CIENCIAS ECONOMICAS
Catedrtico: Mximo CALERO BRIONES
3/1/15
CUADRODEAMORTIZACIONESEINTERESES
I P (n 1) A i
n PRESTAMO
R A P (n 1) A i
D P n. A
Amortiza
c.
=
Deuda =
10000
Cuotas =
Tasa
Interes
=
Interes =
Meses
Amortiz
1250
1%
Perido =
3/1/15
12
Tasa
InteresEcon. =Maximo
1.3333%
Calero
Comisi
n
Meses
AMORTIZACI
ON
Intereses
CUOTA
10000.00
0.00
1
2
8750.00
7500.00
1250.00
1250.00
133.33
116.67
1383.33
1366.67
6250.00
1250.00
100.00
1350.00
5000.00
1250.00
83.33
1333.33
3750.00
1250.00
66.67
1316.67
6
7
2500.00
1250.00
1250.00
1250.00
50.00
33.33
1300.00
1283.33
0.00
1250.00
16.67
1266.67
10000.00
600.00
10600.00
I5 =
P =
10000
Amort =
1250
R5
i= = 1.3333%
?
5
P n= = 10000
Amort =
15%
1.3333%
Ejm:
P = 10000
Plazo = 8 meses
TNA = 15%
Comisin = 1%
Pagos = Segn calendario
1250
i = 1.3333%
D5 =
?
Briones
I5
66.67
5
10000
Amort =
1250
n =
P =
R5
1316.67
SISTEMA FRANCES O DE
AMORTIZACION PROGRESIVA
Las cuotas -conformadas por una parte de
R P .F R C
i
n
i (1 i ) n
R P
(1 i ) n 1
I k P . F R C ni [ 1 ( 1 i ) k 1 n ]
n
R (1 i )
k 1 n
Ak
(1 i ) k 1 n
I k R [1 (1 i )
3/1/15
k 1 n
k 1 n
A k P . F R C ni ( 1 i ) k 1 n
i (1 i ) n
P.
(1 i )
(1 i ) n 1
i (1 i )
k 1 n
P
[
1
(
1
i
)
]
n
(1 i ) 1
(1 i )
i
A1
R [ F S A
(1 i )
i
k
F C S
i
n
F C S
(1 i )
i
P [ F R C
i
n
F A S
i
k
n k
i
i (1 i ) n (1 i ) n k 1
Dk P
n
nk
(1 i ) 1 i (1 i )
P = 10000
Plazo = 6 meses
TNM = 5%
Pagos = Segn
calendario
A3 =
R =
1970.17
i =
5%
k =
n =
P =
10000
5.00%
n =
A3
Me
ses
1620.86
5.00%
R4 =
A4 =
1701.91
1970.17
CALENDARIODELSERVICIODELADEUDA
R =
i =
DEUDA
i =
5%
k =
n =
R4
1970.17
PRESTAM AMORTIZA
EXTINGUI
n
O
CION
INTERESES CUOTA
DA
0
10000.00
0.00
8529.83
1470.17
500.00
1970.17
1470.17
6986.14
1543.68
426.49
1970.17
3013.86
5365.27
1620.87
349.31
1970.17
4634.73
3663.36
1701.91
268.26
1970.17
6336.64
1876.36
1787.01
183.17
1970.17
8123.64
0.00
1876.36
93.82
1970.17
10000.00
10000.00
1821.05
11821.05
3/1/15
A5 =
P =
10000
i =
5%
k =
n =
A5
1787.01
I4 =
R =
1970.17
i =
5%
k =
n =
I4
268.26
E3 =
R =
1970.17
i =
5%
k =
n =
P =
10000
i =
5%
k =
n =
I5
183.17
A1 =
1470.17
i =
5%
k =
3/1/15
4634.71
D3 =
P =
10000
i =
5%
k =
n =
D3
5365.27
E3 =
E3
I5 =
E3
4634.71
D4 =
R = 1970.17
TEM =
5%
k =
n =
D4
3663.35
10
SISTEMA AMERICANO-FONDO
AMORTIZACION (Sinking Fund)
En este Sistema de Amortizacin el deudor, durante el plazo del
11
1
el R P fondo
de
vencimiento,
r de
n
1
(1 i) (sistema
reembolse
monto
del
amortizacin
prstamo.
americano).
3/1/15
12
Ejm:
P= 6500
r = 15%
i = 12%
n= 6
P =
6500
r =
15%
i =
12%
An ==
?6
R =
1775.97
P =
6500
R =
15%
6500
=
27.322572
%
P=
6500
n
0
1
2
3
4
5
6
r=
15%
i=
12%
Interes
Interes
Desembols
Anualida
o
sobre
d
Sobreel
Total
Valores
Destinad
Anual
Prstamo
a
Fondo Abonado Valores
R
15%
Fondo
12%
Fondo
Fondo
a
b
c
d
e
f
Fechas
6500*15%
f*12%
c+d
f+e
1775.97
0
0
0
0
0
01/03/2007 1775.97
975
800.97
800.97
800.97
01/03/2008 1775.97
975
800.97
96.12
897.09 1698.06
01/03/2009 1775.97
975
800.97
203.77 1004.74 2702.79
01/03/2010 1775.97
975
800.97
324.34
1125.31 3828.10
01/03/2011 1775.97
975
800.97
459.37 1260.34 5088.44
01/03/2012 1775.97
975
800.97
610.61
1411.58 6500.0
800.97
10655.82
5850
4805.82
1694.20
6500.0
M =
A =
800.97
i =
12%
n =
P =
4
?
1775.97
r =
15%
i =
12%
n =
800.97
R =
3/1/15
1775.97
1775.97
R=
A=
R =
800.97
M
4.779328
3828.10
6500.0
13
3/1/15
14
3/1/15
15