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AMORTIZACION:

1. Cuota fija
Ejm: Se toma un credito por $10.000.000 que se pagarn en cuotas mensuaes a una tasa del 3% EMV por 3 aos. Const
Perodo
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5
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7
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40
41
42
43
44

Deuda inicial
20,000,000
19,785,097
19,572,503
19,362,193
19,154,143
18,948,329
18,744,726
18,543,311
18,344,060
18,146,950
17,951,958
17,759,061
17,568,237
17,379,463
17,192,718
17,007,980
16,825,226
16,644,436
16,465,589
16,288,664
16,113,639
15,940,496
15,769,212
15,599,770
15,432,148
15,266,327
15,102,288
14,940,011
14,779,478
14,620,670
14,463,569
14,308,155
14,154,412
14,002,320
13,851,863
13,703,023
13,555,781
13,410,122
13,266,028
13,123,483
12,982,469
12,842,970
12,704,970
12,568,453

Intereses
Amortizacin
Deuda inicial * tasa cuota - interes
280,000
$ 214,903.27
276,991
$ 212,594.10
274,015
$ 210,309.74
271,071
$ 208,049.93
268,158
$ 205,814.40
265,277
$ 203,602.89
262,426
$ 201,415.14
259,606
$ 199,250.90
256,817
$ 197,109.92
254,057
$ 194,991.94
251,327
$ 192,896.72
248,627
$ 190,824.01
245,955
$ 188,773.58
243,312
$ 186,745.18
240,698
$ 184,738.57
238,112
$ 182,753.52
235,553
$ 180,789.81
233,022
$ 178,847.19
230,518
$ 176,925.45
228,041
$ 175,024.35
225,591
$ 173,143.69
223,167
$ 171,283.23
220,769
$ 169,442.77
218,397
$ 167,622.08
216,050
$ 165,820.95
213,729
$ 164,039.18
211,432
$ 162,276.55
209,160
$ 160,532.86
206,913
$ 158,807.91
204,689
$ 157,101.49
202,490
$ 155,413.41
200,314
$ 153,743.47
198,162
$ 152,091.47
196,032
$ 150,457.22
193,926
$ 148,840.53
191,842
$ 147,241.22
189,781
$ 145,659.09
187,742
$ 144,093.96
185,724
$ 142,545.64
183,729
$ 141,013.97
181,755
$ 139,498.75
179,802
$ 137,999.81
177,870
$ 136,516.98
175,958
$ 135,050.08

Cuota
funcin pago
$ 494,903.27
$ 489,585.45
$ 484,324.78
$ 479,120.63
$ 473,972.40
$ 468,879.49
$ 463,841.30
$ 458,857.25
$ 453,926.75
$ 449,049.24
$ 444,224.13
$ 439,450.87
$ 434,728.90
$ 430,057.66
$ 425,436.62
$ 420,865.24
$ 416,342.97
$ 411,869.30
$ 407,443.70
$ 403,065.65
$ 398,734.64
$ 394,450.17
$ 390,211.74
$ 386,018.85
$ 381,871.02
$ 377,767.75
$ 373,708.57
$ 369,693.01
$ 365,720.60
$ 361,790.87
$ 357,903.37
$ 354,057.64
$ 350,253.23
$ 346,489.71
$ 342,766.62
$ 339,083.53
$ 335,440.03
$ 331,835.67
$ 328,270.04
$ 324,742.72
$ 321,253.31
$ 317,801.39
$ 314,386.56
$ 311,008.43

45
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48
49
50
51
52
53
54
55
56
57
58
59
60

12,433,403
12,299,804
12,167,641
12,036,897
11,907,559
11,779,610
11,653,037
11,527,823
11,403,954
11,281,417
11,160,196
11,040,278
10,921,649
10,804,294
10,688,200
10,573,353

174,068
172,197
170,347
168,517
166,706
164,915
163,143
161,390
159,655
157,940
156,243
154,564
152,903
151,260
149,635
148,027

cualquier valor de intereses en un periodo


cualquier valor de la amortizacion
suma de intereses
suma de amortizaciones entre periodos

$ 133,598.95
$ 132,163.41
$ 130,743.29
$ 129,338.43
$ 127,948.67
$ 126,573.84
$ 125,213.78
$ 123,868.34
$ 122,537.35
$ 121,220.67
$ 119,918.13
$ 118,629.59
$ 117,354.90
$ 116,093.90
$ 114,846.45
$ 113,612.41

$ 307,666.59
$ 304,360.66
$ 301,090.26
$ 297,855.00
$ 294,654.49
$ 291,488.38
$ 288,356.29
$ 285,257.86
$ 282,192.72
$ 279,160.51
$ 276,160.88
$ 273,193.49
$ 270,257.98
$ 267,354.01
$ 264,481.25
$ 261,639.36

$ 251,834.27
$ 206,203.67
#NAME?
#NAME?

1,078,520.34
$ 827,776.95

Ejm: Se toma un credito por $20.000.000 que se pagarn en cuotas mensuaes a una tasa del 30% NMV por 5 aos. Cons
Perodo
Deuda inicial
Intereses
Amortizacin
Cuota
Deuda inicial * tasa cuota - interes
funcin pago
1
20,000,000
500,000.0
147,067.9
$ 647,067.92
2
19,852,932
496,323.3
150,744.6
$ 647,067.92
3
19,702,187
492,554.7
154,513.2
$ 647,067.92
4
19,547,674
488,691.9
158,376.1
$ 647,067.92
5
19,389,298
484,732.5
162,335.5
$ 647,067.92
6
19,226,963
480,674.1
166,393.9
$ 647,067.92
7
19,060,569
476,514.2
170,553.7
$ 647,067.92
8
18,890,015
472,250.4
174,817.5
$ 647,067.92
9
18,715,198
467,879.9
179,188.0
$ 647,067.92
10
18,536,010
463,400.2
183,667.7
$ 647,067.92
11
18,352,342
458,808.5
188,259.4
$ 647,067.92
12
18,164,083
454,102.1
192,965.9
$ 647,067.92
13
17,971,117
449,277.9
197,790.0
$ 647,067.92
14
17,773,327
444,333.2
202,734.7
$ 647,067.92
15
17,570,592
439,264.8
207,803.1
$ 647,067.92
16
17,362,789
434,069.7
212,998.2
$ 647,067.92
17
17,149,791
428,744.8
218,323.2
$ 647,067.92
18
16,931,468
423,286.7
223,781.2
$ 647,067.92
19
16,707,686
417,692.2
229,375.8
$ 647,067.92
20
16,478,311
411,957.8
235,110.2
$ 647,067.92
21
16,243,200
406,080.0
240,987.9
$ 647,067.92
22
16,002,212
400,055.3
247,012.6
$ 647,067.92
23
15,755,200
393,880.0
253,187.9
$ 647,067.92
24
15,502,012
387,550.3
259,517.6
$ 647,067.92
25
15,242,494
381,062.4
266,005.6
$ 647,067.92

26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60

14,976,489
14,703,833
14,424,361
14,137,902
13,844,282
13,543,321
13,234,836
12,918,639
12,594,537
12,262,332
11,921,823
11,572,801
11,215,053
10,848,361
10,472,502
10,087,247
9,692,360
9,287,601
8,872,723
8,447,473
8,011,592
7,564,814
7,106,867
6,637,470
6,156,339
5,663,180
5,157,691
4,639,566
4,108,487
3,564,131
3,006,167
2,434,253
1,848,041
1,247,174
631,286

374,412.2
367,595.8
360,609.0
353,447.6
346,107.0
338,583.0
330,870.9
322,966.0
314,863.4
306,558.3
298,045.6
289,320.0
280,376.3
271,209.0
261,812.6
252,181.2
242,309.0
232,190.0
221,818.1
211,186.8
200,289.8
189,120.4
177,671.7
165,936.8
153,908.5
141,579.5
128,942.3
115,989.1
102,712.2
89,103.3
75,154.2
60,856.3
46,201.0
31,179.4
15,782.1

272,655.7
279,472.1
286,458.9
293,620.4
300,960.9
308,484.9
316,197.0
324,101.9
332,204.5
340,509.6
349,022.3
357,747.9
366,691.6
375,858.9
385,255.4
394,886.7
404,758.9
414,877.9
425,249.8
435,881.1
446,778.1
457,947.6
469,396.3
481,131.2
493,159.4
505,488.4
518,125.6
531,078.8
544,355.7
557,964.6
571,913.8
586,211.6
600,866.9
615,888.6
631,285.8

$ 647,067.92
$ 647,067.92
$ 647,067.92
$ 647,067.92
$ 647,067.92
$ 647,067.92
$ 647,067.92
$ 647,067.92
$ 647,067.92
$ 647,067.92
$ 647,067.92
$ 647,067.92
$ 647,067.92
$ 647,067.92
$ 647,067.92
$ 647,067.92
$ 647,067.92
$ 647,067.92
$ 647,067.92
$ 647,067.92
$ 647,067.92
$ 647,067.92
$ 647,067.92
$ 647,067.92
$ 647,067.92
$ 647,067.92
$ 647,067.92
$ 647,067.92
$ 647,067.92
$ 647,067.92
$ 647,067.92
$ 647,067.92
$ 647,067.92
$ 647,067.92
$ 647,067.92

2. Pago intereses y capital al final


Ejm: Un prestamista le da un crdito de $10.000.000 a un ao para pagarlo en cuotas mensuales al 4% EMV.
Se paga en todos los meses intereses y el capital al final
Perodo
Deuda inicial
Intereses
Amortizacin
Cuota
Deuda inicial * tasa
0
Int + amortizacion
1
10,000,000
400,000.00
0
400,000.00
2
10,000,000
400,000.00
0
400,000.00
3
10,000,000
400,000.00
0
400,000.00
4
10,000,000
400,000.00
0
400,000.00
5
10,000,000
400,000.00
0
400,000.00
6
10,000,000
400,000.00
0
400,000.00
7
10,000,000
400,000.00
0
400,000.00
8
10,000,000
400,000.00
0
400,000.00
9
10,000,000
400,000.00
0
400,000.00
10
10,000,000
400,000.00
0
400,000.00

11
12

10,000,000
10,000,000

400,000.00
400,000.00

0
10,000,000

400,000.00
10,400,000.00

3. Pago constante a capital


Ejm: Se cancela un crdito de $50.000.000 en amortizacin constante por 6 aos y cuotas mensuales al 1% EMV
Perodo
Deuda inicial
Intereses
Amortizacin
Cuota
Deuda inicial * tasadeuda/ # periodos Int + amortizacion
1
50,000,000
500,000.00
694,444
1,194,444
2
49,305,556
493,055.56
694,444
1,187,500
3
48,611,111
486,111.11
694,444
1,180,556
4
47,916,667
479,166.67
694,444
1,173,611
5
47,222,222
472,222.22
694,444
1,166,667
6
46,527,778
465,277.78
694,444
1,159,722
7
45,833,333
458,333.33
694,444
1,152,778
8
45,138,889
451,388.89
694,444
1,145,833
9
44,444,444
444,444.44
694,444
1,138,889
10
43,750,000
437,500.00
694,444
1,131,944
11
43,055,556
430,555.56
694,444
1,125,000
12
42,361,111
423,611.11
694,444
1,118,056
13
41,666,667
416,666.67
694,444
1,111,111
14
40,972,222
409,722.22
694,444
1,104,167
15
40,277,778
402,777.78
694,444
1,097,222
16
39,583,333
395,833.33
694,444
1,090,278
17
38,888,889
388,888.89
694,444
1,083,333
18
38,194,444
381,944.44
694,444
1,076,389
19
37,500,000
375,000.00
694,444
1,069,444
20
36,805,556
368,055.56
694,444
1,062,500
21
36,111,111
361,111.11
694,444
1,055,556
22
35,416,667
354,166.67
694,444
1,048,611
23
34,722,222
347,222.22
694,444
1,041,667
24
34,027,778
340,277.78
694,444
1,034,722
25
33,333,333
333,333.33
694,444
1,027,778
26
32,638,889
326,388.89
694,444
1,020,833
27
31,944,444
319,444.44
694,444
1,013,889
28
31,250,000
312,500.00
694,444
1,006,944
29
30,555,556
305,555.56
694,444
1,000,000
30
29,861,111
298,611.11
694,444
993,056
31
29,166,667
291,666.67
694,444
986,111
32
28,472,222
284,722.22
694,444
979,167
33
27,777,778
277,777.78
694,444
972,222
34
27,083,333
270,833.33
694,444
965,278
35
26,388,889
263,888.89
694,444
958,333
36
25,694,444
256,944.44
694,444
951,389
37
25,000,000
250,000.00
694,444
944,444
38
24,305,556
243,055.56
694,444
937,500
39
23,611,111
236,111.11
694,444
930,556
40
22,916,667
229,166.67
694,444
923,611
41
22,222,222
222,222.22
694,444
916,667
42
21,527,778
215,277.78
694,444
909,722
43
20,833,333
208,333.33
694,444
902,778
44
20,138,889
201,388.89
694,444
895,833

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46
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49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72

19,444,444
18,750,000
18,055,556
17,361,111
16,666,667
15,972,222
15,277,778
14,583,333
13,888,889
13,194,444
12,500,000
11,805,556
11,111,111
10,416,667
9,722,222
9,027,778
8,333,333
7,638,889
6,944,444
6,250,000
5,555,556
4,861,111
4,166,667
3,472,222
2,777,778
2,083,333
1,388,889
694,444

194,444.44
187,500.00
180,555.56
173,611.11
166,666.67
159,722.22
152,777.78
145,833.33
138,888.89
131,944.44
125,000.00
118,055.56
111,111.11
104,166.67
97,222.22
90,277.78
83,333.33
76,388.89
69,444.44
62,500.00
55,555.56
48,611.11
41,666.67
34,722.22
27,777.78
20,833.33
13,888.89
6,944.44

694,444
694,444
694,444
694,444
694,444
694,444
694,444
694,444
694,444
694,444
694,444
694,444
694,444
694,444
694,444
694,444
694,444
694,444
694,444
694,444
694,444
694,444
694,444
694,444
694,444
694,444
694,444
694,444

888,889
881,944
875,000
868,056
861,111
854,167
847,222
840,278
833,333
826,389
819,444
812,500
805,556
798,611
791,667
784,722
777,778
770,833
763,889
756,944
750,000
743,056
736,111
729,167
722,222
715,278
708,333
701,389

Forma como se liquida una deuda

aes a una tasa del 3% EMV por 3 aos. Construya la tabla de amortizacin.
Deuda final
deuda in. - amortizacion
19,785,096.73
19,572,502.63
19,362,192.89
19,154,142.96
18,948,328.57
18,744,725.68
18,543,310.53
18,344,059.63
18,146,949.71
17,951,957.77
17,759,061.05
17,568,237.04
17,379,463.46
17,192,718.28
17,007,979.71
16,825,226.19
16,644,436.38
16,465,589.19
16,288,663.74
16,113,639.39
15,940,495.70
15,769,212.47
15,599,769.70
15,432,147.63
15,266,326.68
15,102,287.50
14,940,010.95
14,779,478.09
14,620,670.18
14,463,568.69
14,308,155.28
14,154,411.81
14,002,320.35
13,851,863.12
13,703,022.59
13,555,781.37
13,410,122.29
13,266,028.33
13,123,482.69
12,982,468.72
12,842,969.97
12,704,970.16
12,568,453.18
12,433,403.09

1.40%
60

12,299,804.14
12,167,640.74
12,036,897.45
11,907,559.02
11,779,610.35
11,653,036.51
11,527,822.73
11,403,954.39
11,281,417.03
11,160,196.36
11,040,278.23
10,921,648.63
10,804,293.73
10,688,199.83
10,573,353.38
10,459,740.97

aes a una tasa del 30% NMV por 5 aos. Construya la tabla de amortizacin.
Deuda final
deuda in. - amortizacion
Se divide la tasa por el tiempo para pasarla a efectiva
19,852,932.1
19,702,187.5
19,547,674.2
19,389,298.2
19,226,962.7
19,060,568.9
18,890,015.2
18,715,197.6
18,536,009.6
18,352,342.0
18,164,082.6
17,971,116.7
17,773,326.7
17,570,592.0
17,362,788.9
17,149,790.7
16,931,467.5
16,707,686.3
16,478,310.5
16,243,200.4
16,002,212.5
15,755,199.9
15,502,012.0
15,242,494.3
14,976,488.8

14,703,833.1
14,424,361.0
14,137,902.1
13,844,281.7
13,543,320.9
13,234,836.0
12,918,638.9
12,594,537.0
12,262,332.5
11,921,822.9
11,572,800.5
11,215,052.6
10,848,361.0
10,472,502.1
10,087,246.8
9,692,360.0
9,287,601.1
8,872,723.2
8,447,473.4
8,011,592.3
7,564,814.2
7,106,866.6
6,637,470.4
6,156,339.2
5,663,179.8
5,157,691.4
4,639,565.7
4,108,487.0
3,564,131.2
3,006,166.6
2,434,252.8
1,848,041.2
1,247,174.3
631,285.8
-0.0

en cuotas mensuales al 4% EMV.


Deuda final
deuda in. - amortizacion
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000

10,000,000
-

6 aos y cuotas mensuales al 1% EMV


Deuda final
deuda in. - amortizacion
49,305,556
48,611,111
47,916,667
47,222,222
46,527,778
45,833,333
45,138,889
44,444,444
43,750,000
43,055,556
42,361,111
41,666,667
40,972,222
40,277,778
39,583,333
38,888,889
38,194,444
37,500,000
36,805,556
36,111,111
35,416,667
34,722,222
34,027,778
33,333,333
32,638,889
31,944,444
31,250,000
30,555,556
29,861,111
29,166,667
28,472,222
27,777,778
27,083,333
26,388,889
25,694,444
25,000,000
24,305,556
23,611,111
22,916,667
22,222,222
21,527,778
20,833,333
20,138,889
19,444,444

18,750,000
18,055,556
17,361,111
16,666,667
15,972,222
15,277,778
14,583,333
13,888,889
13,194,444
12,500,000
11,805,556
11,111,111
10,416,667
9,722,222
9,027,778
8,333,333
7,638,889
6,944,444
6,250,000
5,555,556
4,861,111
4,166,667
3,472,222
2,777,778
2,083,333
1,388,889
694,444
-