Nº Cuota Interés Abono Saldo

0 101,112.6300
1 12112.6300 997.3326 11,115.2974 1,016,092.0700
2 12112.6300 10,022.3060 2,090.3240 1,014,001.7460
3 12112.6300 10,001.6879 2,110.9421 1,011,890.8039
4 12112.6300 9,980.8665 2,131.7635 1,009,759.0403
5 12112.6300 9,959.8396 2,152.7904 1,007,606.2500
6 12112.6300 9,938.6054 2,174.0246 1,005,432.2254
7 12112.6300 9,917.1617 2,195.4683 1,003,236.7571
8 12112.6300 9,895.5066 2,217.1234 1,001,019.6337
9 12112.6300 9,873.6378 2,238.9922 998,780.6415
10 12112.6300 9,851.5533 2,261.0767 996,519.5648
11 12112.6300 9,829.2510 2,283.3790 994,236.1858
12 12112.6300 9,806.7287 2,305.9013 991,930.2845
13 12112.6300 9,783.9843 2,328.6457 989,601.6387
14 12112.6300 9,761.0155 2,351.6145 987,250.0242
15 12112.6300 9,737.8201 2,374.8099 984,875.2143
16 12112.6300 9,714.3960 2,398.2340 982,476.9804
17 12112.6300 9,690.7408 2,421.8892 980,055.0912
18 12112.6300 9,666.8523 2,445.7777 977,609.3135
19 12112.6300 9,642.7282 2,469.9018 975,139.4117
20 12112.6300 9,618.3661 2,494.2639 972,645.1479
21 12112.6300 9,593.7638 2,518.8662 970,126.2816
22 12112.6300 9,568.9187 2,543.7113 967,582.5704
23 12112.6300 9,543.8286 2,568.8014 965,013.7690
24 12112.6300 9,518.4910 2,594.1390 962,419.6300
25 12112.6300 9,492.9035 2,619.7265 959,799.9036
26 12112.6300 9,467.0637 2,645.5663 957,154.3372
27 12112.6300 9,440.9689 2,671.6611 954,482.6761
28 12112.6300 9,414.6168 2,698.0132 951,784.6629
29 12112.6300 9,388.0047 2,724.6253 949,060.0376
30 12112.6300 9,361.1301 2,751.4999 946,308.5377
31 12112.6300 9,333.9905 2,778.6395 943,529.8982
32 12112.6300 9,306.5832 2,806.0468 940,723.8513
33 12112.6300 9,278.9055 2,833.7245 937,890.1268
34 12112.6300 9,250.9548 2,861.6752 935,028.4516
35 12112.6300 9,222.7284 2,889.9016 932,138.5501
36 12112.6300 9,194.2237 2,918.4063 929,220.1438
37 12112.6300 9,165.4377 2,947.1923 926,272.9515
38 12112.6300 9,136.3679 2,976.2621 923,296.6894
39 12112.6300 9,107.0113 3,005.6187 920,291.0706
40 12112.6300 9,077.3651 3,035.2649 917,255.8057
41 12112.6300 9,047.4265 3,065.2035 914,190.6023
42 12112.6300 9,017.1926 3,095.4374 911,095.1649
43 12112.6300 8,986.6605 3,125.9695 907,969.1955
44 12112.6300 8,955.8273 3,156.8027 904,812.3928
45 12112.6300 8,924.6899 3,187.9401 901,624.4527
46 12112.6300 8,893.2454 3,219.3846 898,405.0681
47 12112.6300 8,861.4908 3,251.1392 895,153.9288
48 12112.6300 8,829.4229 3,283.2071 891,870.7217
49 12112.6300 8,797.0387 3,315.5913 888,555.1304
50 12112.6300 8,764.3351 3,348.2949 885,206.8355
51 12112.6300 8,731.3089 3,381.3211 881,825.5145
52 12112.6300 8,697.9570 3,414.6730 878,410.8414
53 12112.6300 8,664.2761 3,448.3539 874,962.4875
54 12112.6300 8,630.2630 3,482.3670 871,480.1205
55 12112.6300 8,595.9144 3,516.7156 867,963.4049
56 12112.6300 8,561.2270 3,551.4030 864,412.0018
57 12112.6300 8,526.1974 3,586.4326 860,825.5692
58 12112.6300 8,490.8223 3,621.8077 857,203.7616
59 12112.6300 8,455.0984 3,657.5316 853,546.2299
60 12112.6300 8,419.0220 3,693.6080 849,852.6219
61 12112.6300 8,382.5898 3,730.0402 846,122.5817
62 12112.6300 8,345.7982 3,766.8318 842,355.7500
63 12112.6300 8,308.6438 3,803.9862 838,551.7638
64 12112.6300 8,271.1229 3,841.5071 834,710.2566
65 12112.6300 8,233.2319 3,879.3981 830,830.8585
66 12112.6300 8,194.9671 3,917.6629 826,913.1956
67 12112.6300 8,156.3249 3,956.3051 822,956.8905
68 12112.6300 8,117.3016 3,995.3284 818,961.5621
69 12112.6300 8,077.8933 4,034.7367 814,926.8254
70 12112.6300 8,038.0964 4,074.5336 810,852.2918
71 12112.6300 7,997.9069 4,114.7231 806,737.5687
72 12112.6300 7,957.3210 4,155.3090 802,582.2597
73 12112.6300 7,916.3348 4,196.2952 798,385.9644
74 12112.6300 7,874.9443 4,237.6857 794,148.2787
75 12112.6300 7,833.1455 4,279.4845 789,868.7942
76 12112.6300 7,790.9345 4,321.6955 785,547.0987
77 12112.6300 7,748.3071 4,364.3229 781,182.7758
78 12112.6300 7,705.2592 4,407.3708 776,775.4050
79 12112.6300 7,661.7868 4,450.8432 772,324.5618
80 12112.6300 7,617.8855 4,494.7445 767,829.8173
81 12112.6300 7,573.5513 4,539.0787 763,290.7386
82 12112.6300 7,528.7797 4,583.8503 758,706.8882
83 12112.6300 7,483.5665 4,629.0635 754,077.8248
84 12112.6300 7,437.9074 4,674.7226 749,403.1021
85 12112.6300 7,391.7979 4,720.8321 744,682.2700
86 12112.6300 7,345.2336 4,767.3964 739,914.8735
87 12112.6300 7,298.2100 4,814.4200 735,100.4535
88 12112.6300 7,250.7225 4,861.9075 730,238.5460
89 12112.6300 7,202.7667 4,909.8633 725,328.6827
90 12112.6300 7,154.3379 4,958.2921 720,370.3906
91 12112.6300 7,105.4314 5,007.1986 715,363.1920
92 12112.6300 7,056.0425 5,056.5875 710,306.6045
93 12112.6300 7,006.1664 5,106.4636 705,200.1409
94 12112.6300 6,955.7984 5,156.8316 700,043.3093
95 12112.6300 6,904.9336 5,207.6964 694,835.6128
96 12112.6300 6,853.5670 5,259.0630 689,576.5499
97 12112.6300 6,801.6938 5,310.9362 684,265.6137
98 12112.6300 6,749.3090 5,363.3210 678,902.2927
99 12112.6300 6,696.4074 5,416.2226 673,486.0702
100 12112.6300 6,642.9841 5,469.6459 668,016.4243
101 12112.6300 6,589.0338 5,523.5962 662,492.8281
102 12112.6300 6,534.5514 5,578.0786 656,914.7495
103 12112.6300 6,479.5315 5,633.0985 651,281.6510
104 12112.6300 6,423.9690 5,688.6610 645,592.9900
105 12112.6300 6,367.8585 5,744.7715 639,848.2185
106 12112.6300 6,311.1944 5,801.4356 634,046.7829
107 12112.6300 6,253.9715 5,858.6585 628,188.1244
108 12112.6300 6,196.1842 5,916.4458 622,271.6786
109 12112.6300 6,137.8268 5,974.8032 616,296.8754
110 12112.6300 6,078.8939 6,033.7361 610,263.1393
111 12112.6300 6,019.3796 6,093.2504 604,169.8889
112 12112.6300 5,959.2784 6,153.3516 598,016.5373
113 12112.6300 5,898.5843 6,214.0457 591,802.4916
114 12112.6300 5,837.2915 6,275.3385 585,527.1531
115 12112.6300 5,775.3942 6,337.2358 579,189.9174
116 12112.6300 5,712.8864 6,399.7436 572,790.1738
117 12112.6300 5,649.7620 6,462.8680 566,327.3058
118 12112.6300 5,586.0150 6,526.6150 559,800.6908
119 12112.6300 5,521.6392 6,590.9908 553,209.7000
120 12112.6300 5,456.6284 6,656.0016 546,553.6984
121 12112.6300 5,390.9764 6,721.6536 539,832.0449
122 12112.6300 5,324.6769 6,787.9531 533,044.0917
123 12112.6300 5,257.7233 6,854.9067 526,189.1851
124 12112.6300 5,190.1094 6,922.5206 519,266.6645
125 12112.6300 5,121.8286 6,990.8014 512,275.8630
126 12112.6300 5,052.8742 7,059.7558 505,216.1073
127 12112.6300 4,983.2398 7,129.3902 498,086.7171
128 12112.6300 4,912.9185 7,199.7115 490,887.0055
129 12112.6300 4,841.9035 7,270.7265 483,616.2790
130 12112.6300 4,770.1881 7,342.4419 476,273.8372
131 12112.6300 4,697.7654 7,414.8646 468,858.9725
132 12112.6300 4,624.6282 7,488.0018 461,370.9708
133 12112.6300 4,550.7697 7,561.8603 453,809.1105
134 12112.6300 4,476.1827 7,636.4473 446,172.6632
135 12112.6300 4,400.8600 7,711.7700 438,460.8932
136 12112.6300 4,324.7943 7,787.8357 430,673.0575
137 12112.6300 4,247.9784 7,864.6516 422,808.4059
138 12112.6300 4,170.4048 7,942.2252 414,866.1807
139 12112.6300 4,092.0660 8,020.5640 406,845.6167
140 12112.6300 4,012.9545 8,099.6755 398,745.9412
141 12112.6300 3,933.0627 8,179.5673 390,566.3739
142 12112.6300 3,852.3829 8,260.2471 382,306.1268
143 12112.6300 3,770.9073 8,341.7227 373,964.4041
144 12112.6300 3,688.6280 8,424.0020 365,540.4021
145 12112.6300 3,605.5372 8,507.0928 357,033.3093
146 12112.6300 3,521.6268 8,591.0032 348,442.3061
147 12112.6300 3,436.8888 8,675.7412 339,766.5649
148 12112.6300 3,351.3149 8,761.3151 331,005.2497
149 12112.6300 3,264.8969 8,847.7331 322,157.5167
150 12112.6300 3,177.6266 8,935.0034 313,222.5133
151 12112.6300 3,089.4955 9,023.1345 304,199.3788
152 12112.6300 3,000.4951 9,112.1349 295,087.2439
153 12112.6300 2,910.6168 9,202.0132 285,885.2307
154 12112.6300 2,819.8520 9,292.7780 276,592.4527
155 12112.6300 2,728.1919 9,384.4381 267,208.0146
156 12112.6300 2,635.6278 9,477.0022 257,731.0124
157 12112.6300 2,542.1506 9,570.4794 248,160.5330
158 12112.6300 2,447.7514 9,664.8786 238,495.6544
159 12112.6300 2,352.4211 9,760.2089 228,735.4455
160 12112.6300 2,256.1505 9,856.4795 218,878.9660
161 12112.6300 2,158.9303 9,953.6997 208,925.2663
162 12112.6300 2,060.7512 10,051.8788 198,873.3875
163 12112.6300 1,961.6037 10,151.0263 188,722.3612
164 12112.6300 1,861.4782 10,251.1518 178,471.2094
165 12112.6300 1,760.3651 10,352.2649 168,118.9445
166 12112.6300 1,658.2548 10,454.3752 157,664.5693
167 12112.6300 1,555.1372 10,557.4928 147,107.0765
168 12112.6300 1,451.0025 10,661.6275 136,445.4490
169 12112.6300 1,345.8407 10,766.7893 125,678.6596
170 12112.6300 1,239.6416 10,872.9884 114,805.6712
171 12112.6300 1,132.3950 10,980.2350 103,825.4362
172 12112.6300 1,024.0906 11,088.5394 92,736.8967
173 12112.6300 914.7179 11,197.9121 81,538.9846
174 12112.6300 804.2663 11,308.3637 70,230.6209
175 12112.6300 692.7254 11,419.9046 58,810.7163
176 12112.6300 580.0842 11,532.5458 47,278.1706
177 12112.6300 466.3320 11,646.2980 35,631.8726
178 12112.6300 351.4578 11,761.1722 23,870.7005
179 12112.6300 235.4506 11,877.1794 11,993.5210
180 12112.6300 118.2991 11,994.3309 - 0.8099
 1. Un crédito de vivienda por valor de 200.000.000 a la UVR + 12.50% efectivo anual, se va a pa
mensuales iguales en UVR (sistema 1). Sí la UVR el día del desembolso del crédito tiene un val
a. El valor de las cuotas mensuales en UVR
b. Valor de las cuotas en pesos

RESPUESTA:
A. El valor de las cuotas mensuales en UVR es 12.112,63 UVR
B. El valor de las cuotas en pesos es $ 2.379.312,56

Crédito $ 200,000,000.00 EA 0.00986358055

UVR 196.4324
N 180
UVR 1018161.973
UVR+ 12.50%

A. Formula
A=
Vp(𝑖/ 〖 1−(1+𝑖) 〗 ^(−𝑛)
)
B. formula A =
Vp(𝑖/ 〖 1−(1+𝑖) 〗 ^(−𝑛) )
N. período Cuota Interés Abono Saldo
0 $ 200,000,000.00
1 $ 2,379,312.56 $ 1,972,716.11 $ 406,596.45 $ 199,593,403.55
+ 12.50% efectivo anual, se va a pagar con 180 cuotas
desembolso del crédito tiene un valor de 196.4324, calcular:

VR
Nº Cuota Interés Abono Saldo 2. Para e
0 1,018,161.9733 abono co
1 15,699.1780 10,042.7226 5,656.4554 1,012,505.5179
2 15,643.3851 9,986.9297 5,656.4554 1,006,849.0625 RESPUE
3 15,587.5922 9,931.1368 5,656.4554 1,001,192.6071 El valor d
4 15,531.7993 9,875.3439 5,656.4554 995,536.1517
5 15,476.0064 9,819.5510 5,656.4554 989,879.6962
6 15,420.2135 9,763.7581 5,656.4554 984,223.2408
7 15,364.4206 9,707.9652 5,656.4554 978,566.7854
8 15,308.6277 9,652.1723 5,656.4554 972,910.3300
9 15,252.8348 9,596.3794 5,656.4554 967,253.8746
10 15,197.0419 9,540.5865 5,656.4554 961,597.4192
11 15,141.2490 9,484.7936 5,656.4554 955,940.9638
formula
12 15,085.4561 9,429.0007 5,656.4554 950,284.5084
13 15,029.6632 9,373.2078 5,656.4554 944,628.0530
14 14,973.8703 9,317.4149 5,656.4554 938,971.5976
15 14,918.0774 9,261.6220 5,656.4554 933,315.1422
16 14,862.2845 9,205.8291 5,656.4554 927,658.6868
17 14,806.4916 9,150.0362 5,656.4554 922,002.2314
18 14,750.6987 9,094.2433 5,656.4554 916,345.7760
19 14,694.9058 9,038.4504 5,656.4554 910,689.3205
20 14,639.1129 8,982.6575 5,656.4554 905,032.8651
21 14,583.3200 8,926.8646 5,656.4554 899,376.4097
22 14,527.5271 8,871.0717 5,656.4554 893,719.9543
23 14,471.7342 8,815.2788 5,656.4554 888,063.4989
24 14,415.9413 8,759.4859 5,656.4554 882,407.0435
25 14,360.1484 8,703.6930 5,656.4554 876,750.5881
26 14,304.3555 8,647.9000 5,656.4554 871,094.1327
27 14,248.5626 8,592.1071 5,656.4554 865,437.6773
28 14,192.7696 8,536.3142 5,656.4554 859,781.2219
29 14,136.9767 8,480.5213 5,656.4554 854,124.7665
30 14,081.1838 8,424.7284 5,656.4554 848,468.3111
31 14,025.3909 8,368.9355 5,656.4554 842,811.8557
32 13,969.5980 8,313.1426 5,656.4554 837,155.4003
33 13,913.8051 8,257.3497 5,656.4554 831,498.9448
34 13,858.0122 8,201.5568 5,656.4554 825,842.4894
35 13,802.2193 8,145.7639 5,656.4554 820,186.0340
36 13,746.4264 8,089.9710 5,656.4554 814,529.5786
37 13,690.6335 8,034.1781 5,656.4554 808,873.1232
38 13,634.8406 7,978.3852 5,656.4554 803,216.6678
39 13,579.0477 7,922.5923 5,656.4554 797,560.2124
40 13,523.2548 7,866.7994 5,656.4554 791,903.7570
41 13,467.4619 7,811.0065 5,656.4554 786,247.3016
42 13,411.6690 7,755.2136 5,656.4554 780,590.8462
43 13,355.8761 7,699.4207 5,656.4554 774,934.3908
44 13,300.0832 7,643.6278 5,656.4554 769,277.9354
45 13,244.2903 7,587.8349 5,656.4554 763,621.4800
46 13,188.4974 7,532.0420 5,656.4554 757,965.0246
47 13,132.7045 7,476.2491 5,656.4554 752,308.5691
48 13,076.9116 7,420.4562 5,656.4554 746,652.1137
49 13,021.1187 7,364.6633 5,656.4554 740,995.6583
50 12,965.3258 7,308.8704 5,656.4554 735,339.2029
51 12,909.5329 7,253.0775 5,656.4554 729,682.7475
52 12,853.7400 7,197.2846 5,656.4554 724,026.2921
53 12,797.9471 7,141.4917 5,656.4554 718,369.8367
54 12,742.1542 7,085.6987 5,656.4554 712,713.3813
55 12,686.3613 7,029.9058 5,656.4554 707,056.9259
56 12,630.5683 6,974.1129 5,656.4554 701,400.4705
57 12,574.7754 6,918.3200 5,656.4554 695,744.0151
58 12,518.9825 6,862.5271 5,656.4554 690,087.5597
59 12,463.1896 6,806.7342 5,656.4554 684,431.1043
60 12,407.3967 6,750.9413 5,656.4554 678,774.6489
61 12,351.6038 6,695.1484 5,656.4554 673,118.1934
62 12,295.8109 6,639.3555 5,656.4554 667,461.7380
63 12,240.0180 6,583.5626 5,656.4554 661,805.2826
64 12,184.2251 6,527.7697 5,656.4554 656,148.8272
65 12,128.4322 6,471.9768 5,656.4554 650,492.3718
66 12,072.6393 6,416.1839 5,656.4554 644,835.9164
67 12,016.8464 6,360.3910 5,656.4554 639,179.4610
68 11,961.0535 6,304.5981 5,656.4554 633,523.0056
69 11,905.2606 6,248.8052 5,656.4554 627,866.5502
70 11,849.4677 6,193.0123 5,656.4554 622,210.0948
71 11,793.6748 6,137.2194 5,656.4554 616,553.6394
72 11,737.8819 6,081.4265 5,656.4554 610,897.1840
73 11,682.0890 6,025.6336 5,656.4554 605,240.7286
74 11,626.2961 5,969.8407 5,656.4554 599,584.2732
75 11,570.5032 5,914.0478 5,656.4554 593,927.8177
76 11,514.7103 5,858.2549 5,656.4554 588,271.3623
77 11,458.9174 5,802.4620 5,656.4554 582,614.9069
78 11,403.1245 5,746.6691 5,656.4554 576,958.4515
79 11,347.3316 5,690.8762 5,656.4554 571,301.9961
80 11,291.5387 5,635.0833 5,656.4554 565,645.5407
81 11,235.7458 5,579.2904 5,656.4554 559,989.0853
82 11,179.9529 5,523.4975 5,656.4554 554,332.6299
83 11,124.1600 5,467.7045 5,656.4554 548,676.1745
84 11,068.3671 5,411.9116 5,656.4554 543,019.7191
85 11,012.5741 5,356.1187 5,656.4554 537,363.2637
86 10,956.7812 5,300.3258 5,656.4554 531,706.8083
87 10,900.9883 5,244.5329 5,656.4554 526,050.3529
88 10,845.1954 5,188.7400 5,656.4554 520,393.8975
89 10,789.4025 5,132.9471 5,656.4554 514,737.4420
90 10,733.6096 5,077.1542 5,656.4554 509,080.9866
91 10,677.8167 5,021.3613 5,656.4554 503,424.5312
92 10,622.0238 4,965.5684 5,656.4554 497,768.0758
93 10,566.2309 4,909.7755 5,656.4554 492,111.6204
94 10,510.4380 4,853.9826 5,656.4554 486,455.1650
95 10,454.6451 4,798.1897 5,656.4554 480,798.7096
96 10,398.8522 4,742.3968 5,656.4554 475,142.2542
97 10,343.0593 4,686.6039 5,656.4554 469,485.7988
98 10,287.2664 4,630.8110 5,656.4554 463,829.3434
99 10,231.4735 4,575.0181 5,656.4554 458,172.8880
100 10,175.6806 4,519.2252 5,656.4554 452,516.4326
101 10,119.8877 4,463.4323 5,656.4554 446,859.9772
102 10,064.0948 4,407.6394 5,656.4554 441,203.5218
103 10,008.3019 4,351.8465 5,656.4554 435,547.0663
104 9,952.5090 4,296.0536 5,656.4554 429,890.6109
105 9,896.7161 4,240.2607 5,656.4554 424,234.1555
106 9,840.9232 4,184.4678 5,656.4554 418,577.7001
107 9,785.1303 4,128.6749 5,656.4554 412,921.2447
108 9,729.3374 4,072.8820 5,656.4554 407,264.7893
109 9,673.5445 4,017.0891 5,656.4554 401,608.3339
110 9,617.7516 3,961.2962 5,656.4554 395,951.8785
111 9,561.9587 3,905.5032 5,656.4554 390,295.4231
112 9,506.1658 3,849.7103 5,656.4554 384,638.9677
113 9,450.3728 3,793.9174 5,656.4554 378,982.5123
114 9,394.5799 3,738.1245 5,656.4554 373,326.0569
115 9,338.7870 3,682.3316 5,656.4554 367,669.6015
116 9,282.9941 3,626.5387 5,656.4554 362,013.1461
117 9,227.2012 3,570.7458 5,656.4554 356,356.6906
118 9,171.4083 3,514.9529 5,656.4554 350,700.2352
119 9,115.6154 3,459.1600 5,656.4554 345,043.7798
120 9,059.8225 3,403.3671 5,656.4554 339,387.3244
121 9,004.0296 3,347.5742 5,656.4554 333,730.8690
122 8,948.2367 3,291.7813 5,656.4554 328,074.4136
123 8,892.4438 3,235.9884 5,656.4554 322,417.9582
124 8,836.6509 3,180.1955 5,656.4554 316,761.5028
125 8,780.8580 3,124.4026 5,656.4554 311,105.0474
126 8,725.0651 3,068.6097 5,656.4554 305,448.5920
127 8,669.2722 3,012.8168 5,656.4554 299,792.1366
128 8,613.4793 2,957.0239 5,656.4554 294,135.6812
129 8,557.6864 2,901.2310 5,656.4554 288,479.2258
130 8,501.8935 2,845.4381 5,656.4554 282,822.7704
131 8,446.1006 2,789.6452 5,656.4554 277,166.3149
132 8,390.3077 2,733.8523 5,656.4554 271,509.8595
133 8,334.5148 2,678.0594 5,656.4554 265,853.4041
134 8,278.7219 2,622.2665 5,656.4554 260,196.9487
135 8,222.9290 2,566.4736 5,656.4554 254,540.4933
136 8,167.1361 2,510.6807 5,656.4554 248,884.0379
137 8,111.3432 2,454.8878 5,656.4554 243,227.5825
138 8,055.5503 2,399.0949 5,656.4554 237,571.1271
139 7,999.7574 2,343.3019 5,656.4554 231,914.6717
140 7,943.9645 2,287.5090 5,656.4554 226,258.2163
141 7,888.1715 2,231.7161 5,656.4554 220,601.7609
142 7,832.3786 2,175.9232 5,656.4554 214,945.3055
143 7,776.5857 2,120.1303 5,656.4554 209,288.8501
144 7,720.7928 2,064.3374 5,656.4554 203,632.3947
145 7,664.9999 2,008.5445 5,656.4554 197,975.9392
146 7,609.2070 1,952.7516 5,656.4554 192,319.4838
147 7,553.4141 1,896.9587 5,656.4554 186,663.0284
148 7,497.6212 1,841.1658 5,656.4554 181,006.5730
149 7,441.8283 1,785.3729 5,656.4554 175,350.1176
150 7,386.0354 1,729.5800 5,656.4554 169,693.6622
151 7,330.2425 1,673.7871 5,656.4554 164,037.2068
152 7,274.4496 1,617.9942 5,656.4554 158,380.7514
153 7,218.6567 1,562.2013 5,656.4554 152,724.2960
154 7,162.8638 1,506.4084 5,656.4554 147,067.8406
155 7,107.0709 1,450.6155 5,656.4554 141,411.3852
156 7,051.2780 1,394.8226 5,656.4554 135,754.9298
157 6,995.4851 1,339.0297 5,656.4554 130,098.4744
158 6,939.6922 1,283.2368 5,656.4554 124,442.0190
159 6,883.8993 1,227.4439 5,656.4554 118,785.5635
160 6,828.1064 1,171.6510 5,656.4554 113,129.1081
161 6,772.3135 1,115.8581 5,656.4554 107,472.6527
162 6,716.5206 1,060.0652 5,656.4554 101,816.1973
163 6,660.7277 1,004.2723 5,656.4554 96,159.7419
164 6,604.9348 948.4794 5,656.4554 90,503.2865
165 6,549.1419 892.6865 5,656.4554 84,846.8311
166 6,493.3490 836.8936 5,656.4554 79,190.3757
167 6,437.5561 781.1006 5,656.4554 73,533.9203
168 6,381.7632 725.3077 5,656.4554 67,877.4649
169 6,325.9702 669.5148 5,656.4554 62,221.0095
170 6,270.1773 613.7219 5,656.4554 56,564.5541
171 6,214.3844 557.9290 5,656.4554 50,908.0987
172 6,158.5915 502.1361 5,656.4554 45,251.6433
173 6,102.7986 446.3432 5,656.4554 39,595.1878
174 6,047.0057 390.5503 5,656.4554 33,938.7324
175 5,991.2128 334.7574 5,656.4554 28,282.2770
176 5,935.4199 278.9645 5,656.4554 22,625.8216
177 5,879.6270 223.1716 5,656.4554 16,969.3662
178 5,823.8341 167.3787 5,656.4554 11,312.9108
179 5,768.0412 111.5858 5,656.4554 5,656.4554
180 5,712.2483 55.7929 5,656.4554 0.0000
2. Para el ejercicio anterior, calcule el valor de la primera cuota en UVR sí se aplica el sistema de
abono constante a capital en UVR (sistema 2)

RESPUESTA:
El valor de la primera cuota es 15.699,18 UVR

Crédito $ 200,000,000.00 EA 0.00986358055

UVR 196.4324
N 180
UVR $ 1,018,161.97
UVR+ 12.50%

formula Ck = 𝑝/𝑛+𝑝𝑖 (1- ((𝑘−1))/𝑛)

plica el sistema de
Nº Cuota Interés Abono Saldo
0 $ 12,000,000.00
1 $ 415,597.17 $ 149,341.66 $ 266,255.52 $ 11,733,744.48
2 $ 415,597.17 $ 146,028.07 $ 269,569.10 $ 11,464,175.38
3 $ 415,597.17 $ 142,673.24 $ 272,923.93 $ 11,191,251.45
4 $ 415,597.17 $ 139,276.67 $ 276,320.51 $ 10,914,930.94
5 $ 415,597.17 $ 135,837.82 $ 279,759.35 $ 10,635,171.59
6 $ 415,597.17 $ 132,356.18 $ 283,241.00 $ 10,351,930.59
7 $ 415,597.17 $ 128,831.20 $ 286,765.97 $ 10,065,164.63
8 $ 415,597.17 $ 125,262.36 $ 290,334.81 $ 9,774,829.81
9 $ 415,597.17 $ 121,649.11 $ 293,948.07 $ 9,480,881.75
10 $ 415,597.17 $ 117,990.88 $ 297,606.29 $ 9,183,275.45
11 $ 415,597.17 $ 114,287.13 $ 301,310.04 $ 8,881,965.41
12 $ 415,597.17 $ 110,537.28 $ 305,059.89 $ 8,576,905.52
13 $ 415,597.17 $ 106,740.77 $ 308,856.40 $ 8,268,049.12
14 $ 415,597.17 $ 102,897.01 $ 312,700.16 $ 7,955,348.96
15 $ 415,597.17 $ 99,005.42 $ 316,591.76 $ 7,638,757.20
16 $ 415,597.17 $ 95,065.39 $ 320,531.79 $ 7,318,225.42
17 $ 415,597.17 $ 91,076.32 $ 324,520.85 $ 6,993,704.57
18 $ 415,597.17 $ 87,037.62 $ 328,559.56 $ 6,665,145.01
19 $ 415,597.17 $ 82,948.65 $ 332,648.52 $ 6,332,496.49
20 $ 415,597.17 $ 78,808.79 $ 336,788.38 $ 5,995,708.11
21 $ 415,597.17 $ 74,617.41 $ 340,979.76 $ 5,654,728.35
22 $ 415,597.17 $ 70,373.87 $ 345,223.30 $ 5,309,505.05
23 $ 415,597.17 $ 66,077.52 $ 349,519.65 $ 4,959,985.40
24 $ 415,597.17 $ 61,727.70 $ 353,869.47 $ 4,606,115.93
25 $ 415,597.17 $ 57,323.75 $ 358,273.43 $ 4,247,842.50
26 $ 415,597.17 $ 52,864.99 $ 362,732.19 $ 3,885,110.32
27 $ 415,597.17 $ 48,350.73 $ 367,246.44 $ 3,517,863.88
28 $ 415,597.17 $ 43,780.30 $ 371,816.87 $ 3,146,047.00
29 $ 415,597.17 $ 39,152.99 $ 376,444.18 $ 2,769,602.82
30 $ 415,597.17 $ 34,468.09 $ 381,129.08 $ 2,388,473.74
31 $ 415,597.17 $ 29,724.89 $ 385,872.29 $ 2,002,601.45
32 $ 415,597.17 $ 24,922.65 $ 390,674.52 $ 1,611,926.93
33 $ 415,597.17 $ 20,060.65 $ 395,536.52 $ 1,216,390.41
34 $ 415,597.17 $ 15,138.15 $ 400,459.03 $ 815,931.38
35 $ 415,597.17 $ 10,154.38 $ 405,442.79 $ 410,488.58
36 $ 415,597.17 $ 5,108.59 $ 410,488.59 $ -0.00
 3. Un crédito bancario de $12.000.000 a una tasa de interés del 16% efectiva anual, s
valor de la cuota mensual sí se cobra por concepto de seguros 9.148.80/mes y por ga
REFERENCIA: el valor del abono a capital es igual al valor de la cuota menos interese

RESPUESTA: El valor de la cuota mensual es $424.977,97

Crédito
Interés
EM
N
Seguros mensual
Gastos Generales mes
seguros + gastos
cuota mensual mas seguros mas gastos
formula
A=
Vp(𝑖/ 〖 1−(1+𝑖) 〗 ^(
−𝑛) )
 0 a una tasa de interés del 16% efectiva anual, se va a amortizar con 36 cuotas mensuales iguales. Calcular el
a por concepto de seguros 9.148.80/mes y por gastos generales 232/mes. Construya la tabla de amortización
capital es igual al valor de la cuota menos intereses más seguros más gastos generales

uota mensual es $424.977,97

$ 12,000,000.00
16%
0.01244513792
36
$ 9,148.80
$ 232.00
$ 9,380.80
$ 424,977.97
s iguales. Calcular el
la de amortización
Nº Cuota Interés Abono Saldo 4. Para el ejerc
- $ 12,000,000.00 capital en peso
1 $ 492,055.79 $ 149,341.66 $ 333,333.33 $ 11,666,666.67 REFERENCIA
2 $ 487,907.41 $ 145,193.28 $ 333,333.33 $ 11,333,333.33 capital, más el
3 $ 483,759.03 $ 141,044.90 $ 333,333.33 $ 11,000,000.00
RESPUESTA
4 $ 479,610.65 $ 136,896.52 $ 333,333.33 $ 10,666,666.67
5 $ 475,462.27 $ 132,748.14 $ 333,333.33 $ 10,333,333.33
6 $ 471,313.89 $ 128,599.76 $ 333,333.33 $ 10,000,000.00
7 $ 467,165.51 $ 124,451.38 $ 333,333.33 $ 9,666,666.67
8 $ 463,017.13 $ 120,303.00 $ 333,333.33 $ 9,333,333.33
9 $ 458,868.75 $ 116,154.62 $ 333,333.33 $ 9,000,000.00
10 $ 454,720.37 $ 112,006.24 $ 333,333.33 $ 8,666,666.67
11 $ 450,572.00 $ 107,857.86 $ 333,333.33 $ 8,333,333.33
12 $ 446,423.62 $ 103,709.48 $ 333,333.33 $ 8,000,000.00
13 $ 442,275.24 $ 99,561.10 $ 333,333.33 $ 7,666,666.67
14 $ 438,126.86 $ 95,412.72 $ 333,333.33 $ 7,333,333.33
15 $ 433,978.48 $ 91,264.34 $ 333,333.33 $ 7,000,000.00
16 $ 429,830.10 $ 87,115.97 $ 333,333.33 $ 6,666,666.67
17 $ 425,681.72 $ 82,967.59 $ 333,333.33 $ 6,333,333.33
18 $ 421,533.34 $ 78,819.21 $ 333,333.33 $ 6,000,000.00
19 $ 417,384.96 $ 74,670.83 $ 333,333.33 $ 5,666,666.67
20 $ 413,236.58 $ 70,522.45 $ 333,333.33 $ 5,333,333.33
21 $ 409,088.20 $ 66,374.07 $ 333,333.33 $ 5,000,000.00
22 $ 404,939.82 $ 62,225.69 $ 333,333.33 $ 4,666,666.67
23 $ 400,791.44 $ 58,077.31 $ 333,333.33 $ 4,333,333.33
24 $ 396,643.06 $ 53,928.93 $ 333,333.33 $ 4,000,000.00
25 $ 392,494.69 $ 49,780.55 $ 333,333.33 $ 3,666,666.67
26 $ 388,346.31 $ 45,632.17 $ 333,333.33 $ 3,333,333.33
27 $ 384,197.93 $ 41,483.79 $ 333,333.33 $ 3,000,000.00
28 $ 380,049.55 $ 37,335.41 $ 333,333.33 $ 2,666,666.67
29 $ 375,901.17 $ 33,187.03 $ 333,333.33 $ 2,333,333.33
30 $ 371,752.79 $ 29,038.66 $ 333,333.33 $ 2,000,000.00
31 $ 367,604.41 $ 24,890.28 $ 333,333.33 $ 1,666,666.67
32 $ 363,456.03 $ 20,741.90 $ 333,333.33 $ 1,333,333.33
33 $ 359,307.65 $ 16,593.52 $ 333,333.33 $ 1,000,000.00
34 $ 355,159.27 $ 12,445.14 $ 333,333.33 $ 666,666.67
35 $ 351,010.89 $ 8,296.76 $ 333,333.33 $ 333,333.33
36 $ 346,862.51 $ 4,148.38 $ 333,333.33 $ 0.00
4. Para el ejercicio anterior, calcule el valor de la primera cuota sí se utiliza el sistema de abono constant
capital en pesos. Construya la tabla de amortización.
REFERENCIA: el valor de la cuota es igual al valor de los intereses, más el valor del abono constante a
capital, más el valor del seguro, más el valor de los gastos generales

RESPUESTA: $492.055,7884

Crédito $ 12,000,000.00
Interés 16%
EM 0.01244513792
N 36
Seguros mensual $ 9,148.80
Gastos Generales mensuales $ 232.00
seguros + gastos $ 9,380.80
cuota mensual mas seguros mas gastos $ 492,055.79
formula Ck = 𝑝/𝑛+𝑝𝑖 (1-
((𝑘−1))/𝑛)
e utiliza el sistema de abono constante a

s, más el valor del abono constante a

es
Período Cuota Interés Abono Saldo 5. A la fam
0 $ 625,000.00 $ 25,000,000.00 (con liquid
1 $ 2,656,250.00 $ 572,916.67 $ 2,083,333.33 $ 22,916,666.67 por medio
2 $ 2,604,166.67 $ 520,833.33 $ 2,083,333.33 $ 20,833,333.33 construya
3 $ 2,552,083.33 $ 468,750.00 $ 2,083,333.33 $ 18,750,000.00
4 $ 2,500,000.00 $ 416,666.67 $ 2,083,333.33 $ 16,666,666.67
5 $ 2,447,916.67 $ 364,583.33 $ 2,083,333.33 $ 14,583,333.33
6 $ 2,395,833.33 $ 312,500.00 $ 2,083,333.33 $ 12,500,000.00
7 $ 2,343,750.00 $ 260,416.67 $ 2,083,333.33 $ 10,416,666.67
8 $ 2,291,666.67 $ 208,333.33 $ 2,083,333.33 $ 8,333,333.33
9 $ 2,239,583.33 $ 156,250.00 $ 2,083,333.33 $ 6,250,000.00
10 $ 2,187,500.00 $ 104,166.67 $ 2,083,333.33 $ 4,166,666.67
11 $ 2,135,416.67 $ 52,083.33 $ 2,083,333.33 $ 2,083,333.33
12 $ 2,083,333.33 $ 0.00 $ 2,083,333.33 $ 0.00 formula C
((𝑘−1))/
 5. A la familia García le otorgan un crédito bancario por 25.000.000 a una tasa de interés del 30% MA
(con liquidación de intereses mensuales en forma anticipada) con un plazo de un año, para amortizarlo
por medio del sistema de abono constante a capital. Calcular el valor de la primera y última cuota y
construya la tabla de amortización

RESPUESTA:
primera cuota:$ 2,656.250,00
ultima cuota: $ 2,083.333,33

Crédito bancario 25,000,000

interes MA 30%
Mensual 0.025
N 12
formula Ck = 𝑝/𝑛+𝑝𝑖 (1-
((𝑘−1))/𝑛)
a una tasa de interés del 30% MA
n plazo de un año, para amortizarlo
or de la primera y última cuota y
Período Cuota Interés Abono Saldo
0 $ 25,000,000.00
1 $ 2,708,333.33 $ 625,000.00 $ 2,083,333.33 $ 22,916,666.67
2 $ 2,656,250.00 $ 572,916.67 $ 2,083,333.33 $ 20,833,333.33
3 $ 2,604,166.67 $ 520,833.33 $ 2,083,333.33 $ 18,750,000.00
4 $ 2,552,083.33 $ 468,750.00 $ 2,083,333.33 $ 16,666,666.67
5 $ 2,500,000.00 $ 416,666.67 $ 2,083,333.33 $ 14,583,333.33
6 $ 2,447,916.67 $ 364,583.33 $ 2,083,333.33 $ 12,500,000.00
7 $ 2,395,833.33 $ 312,500.00 $ 2,083,333.33 $ 10,416,666.67
8 $ 2,343,750.00 $ 260,416.67 $ 2,083,333.33 $ 8,333,333.33
9 $ 2,291,666.67 $ 208,333.33 $ 2,083,333.33 $ 6,250,000.00
10 $ 2,239,583.33 $ 156,250.00 $ 2,083,333.33 $ 4,166,666.67
11 $ 2,187,500.00 $ 104,166.67 $ 2,083,333.33 $ 2,083,333.33
12 $ 2,135,416.67 $ 52,083.33 $ 2,083,333.33 $ 0.00
 6. Para el ejercicio anterior asuma que la tasa de interés es del 30 MV
(con liquidación de intereses mensuales vencidos).
Calcular el valor de la primera y última cuota.

RESPUESTA:
primera cuota:$ 2,708,33,33
ultima cuota: $ 2,135,416,67

Crédito bancario $ 25,000,000.00

interes MV 30%
Mensual 0.025
N 12
formula Ck = 𝑝/𝑛+𝑝𝑖 (1-
((𝑘−1))/𝑛)
Nº Tasa Cuota Interés Abono
0
1 1.01% $ 3,452,258.25 $ 202,176.79 $ 3,250,081.45
2 1.03% $ 3,452,258.25 $ 172,672.22 $ 3,279,586.02
3 1.05% $ 3,452,258.25 $ 141,557.56 $ 3,310,700.68
4 1.07% $ 3,452,258.25 $ 108,797.87 $ 3,343,460.38
5 1.09% $ 3,452,258.25 $ 74,356.52 $ 3,377,901.72
6 1.11% $ 3,476,464.92 $ 38,195.19 $ 3,438,269.74
Nº tasa 1 Nº tasa 2
1 0.00367480940 1 0.01010883951
2 0.00387480940 2 0.01030883951
3 0.00407480940 3 0.01050883951
4 0.00427480940 4 0.01070883951
5 0.00447480940 5 0.01090883951
6 0.00467480940 6 0.01110883951
 Saldo 7. Se aprueba un crédito bancario por $20.000.000 a la DTF + 8% EA, con u
$ 20,000,000.00 para amortizarlo por medio del sistema de cuotas mensuales iguales y una ú
$ 16,749,918.55 ajuste. La DTF el día del desembolso del crédito es del 4.50% efectiva anual
$ 13,470,332.52 cada mes, al momento de calcular la cuota del crédito, la DTF se incremente
Calcular:
$ 10,159,631.84
a. Valor de las primeras 5 cuotas mensuales
$ 6,816,171.46 b. Valor de la cuota de ajuste pagadera en el mes 6
$ 3,438,269.74 c. Construya la tabla de amortización
$ 0.00
RESPUESTA:
a. $3.452.258,25
b. $3.476.464,92

Crédito $ 20,000,000.00
N 6 meses
DTF+ 8%
EM 0.00643403011
DTF EA 4.50%
incremento de la DTF 0.02%
EM 0.0036748094
formula A =
Vp(𝑖/ 〖 1−(1+𝑖) 〗 ^(−𝑛)
)
a la DTF + 8% EA, con un plazo de 6 meses
ensuales iguales y una última cuota de
del 4.50% efectiva anual y se espera que
ito, la DTF se incremente en un 0.02%.
Período Cuota Interés Abono Saldo
0 $ 20,000,000.00
1 $ 3,535,510.12 $ 202,176.79 $ 3,333,333.33 $ 16,666,666.67
2 $ 3,505,147.33 $ 171,813.99 $ 3,333,333.33 $ 13,333,333.33
3 $ 3,473,451.19 $ 140,117.86 $ 3,333,333.33 $ 10,000,000.00
4 $ 3,440,421.73 $ 107,088.40 $ 3,333,333.33 $ 6,666,666.67
5 $ 3,406,058.93 $ 72,725.60 $ 3,333,333.33 $ 3,333,333.33
6 $ 3,370,362.80 $ 37,029.47 $ 3,333,333.33 $ 0.00

Nº tasa 1 Nº tasa 2
1 0.00367480940 1 0.01010883951
2 0.00387480940 2 0.01030883951
3 0.00407480940 3 0.01050883951
4 0.00427480940 4 0.01070883951
5 0.00447480940 5 0.01090883951
6 0.00467480940 6 0.01110883951
Tasa 8. Resuelva el ejercicio anterior utilizando el sistema de
amortización de abono constante a capital. Calcular:
1.01% a. Valor de la primera cuota
1.03% b. Valor de la última cuota
c. Construya la tabla de amortización
1.05%
1.07%
RESPUESTA:
1.09% a. $3.535.510,12
1.11% b. $3.370.362,80

Crédito $ 20,000,000.00
N 6 meses
DTF+ 8%
EM 0.00643403011
DTF EA 4.50%
EM 0.0036748094
incremen0.02%
e
 SISTEMA DE CUOTAS FIJAS
Nº Cuota Interés Abono Saldo
0 $ 50,000,000.00
1 $ 14,100,591.63 $ 2,500,000.00 $ 11,600,591.63 $ 38,399,408.37
2 $ 14,100,591.63 $ 1,919,970.42 $ 12,180,621.21 $ 26,218,787.16
3 $ 14,100,591.63 $ 1,310,939.36 $ 12,789,652.27 $ 13,429,134.89
4 $ 14,100,591.63 $ 671,456.74 $ 13,429,134.89 $ 0.00

SISTEMA DE ABONO CONSTANTE A CAPITAL

Nº Cuota Interés Abono Saldo
0 $ 50,000,000.00
1 $ 15,000,000.00 $ 2,500,000.00 $ 12,500,000.00 $ 37,500,000.00
2 $ 14,375,000.00 $ 1,875,000.00 $ 12,500,000.00 $ 25,000,000.00
3 $ 13,750,000.00 $ 1,250,000.00 $ 12,500,000.00 $ 12,500,000.00
4 $ 13,125,000.00 $ 625,000.00 $ 12,500,000.00 $ 0.00
9. El Banco de Occidente le aprueba a Juan David un crédito por valor de $50.000.000 con un
plazo de 1 año y una tasa de interés de financiación del 20% TV (con liquidación de intereses
trimestrales vencidos), y le plantea 2 formas de pago:
a. Con cuotas trimestrales iguales (sistema de cuota fija)
b. Con cuotas trimestrales y abonos constantes a capital (sistema de abono constante a capital).
Construya la tabla de amortización para cada alternativa.
Al observar el comportamiento de los intereses de cada alternativa, el valor pagado por ellos es
menor en el sistema de abono constante a capital que en el de cuotas iguales. ¿Usted debe
entonces escoger el sistema que arroje un pago menor de intereses, por ser el más barato?
Explique la respuesta

Respuesta: No, el costo de un credito lo define la tasa de interes no la forma como se

amortice. en este caso, no obstante el el comportamiento de los intereses y de las cuotas
es diferente, desde el punto de vista financiero son sistemas equivalentes

credito $ 50,000,000.00
N 12
trimestres 4
interes TV 20%
trimestral 5%
formula A =
Vp(𝑖/ 〖 1−(1+𝑖) 〗 ^(−𝑛) )
0.000.000 con un
ción de intereses

onstante a capital).

pagado por ellos es

s. ¿Usted debe
el más barato?

orma como se
es y de las cuotas
es