𝐹1 𝐹2 𝐹𝑛

𝑃= + … … . .
(1 + 𝑖) (1 + 𝑖)2 (1 + 𝑖)𝑛
1 − (1 + 𝑖)−𝑛 𝑉
𝑃 = 𝐼( )+
𝑖 (1 + 𝑖)𝑛

a)
𝐼 =𝐶∗𝑖
11%
𝐼 = 10,000 ∗ = 550
2

8%
1 − (1 + 2 )−(6−2) 10,000
𝑃 = 550 ( )+ = 10,544.48
8% 8% (6−2)
2 (1 + )
2
b)
11%
1 − (1 + 2 )−(6−2) 10,000
𝑃 = 550 ( )+ = 10,000.00
11% 11% (6−2)
2 (1 + 2 )
c)
𝐺𝑎𝑛𝑎𝑛𝑐𝑖𝑎 𝑜 𝑃𝑒𝑟𝑑𝑖𝑑𝑎
= 𝑃 𝑞𝑢𝑒 𝑞𝑢𝑖𝑒𝑟𝑒𝑛 𝑝𝑎𝑔𝑎𝑟𝑚𝑒
− 𝑃 𝑎𝑙 𝑞𝑢𝑒 𝑙𝑜 𝑎𝑑𝑞𝑢𝑖𝑟í (𝑎𝑚𝑏𝑜𝑠 𝑒𝑛 𝑒𝑙 𝑚𝑖𝑠𝑚𝑜 𝑚𝑜𝑚𝑒𝑛𝑡𝑜 𝑑𝑒 𝑡𝑖𝑒𝑚𝑝𝑜)
𝐺𝑎𝑛𝑎𝑛𝑐𝑖𝑎 𝑜 𝑃𝑒𝑟𝑑𝑖𝑑𝑎 = 10,554.48 − 10,000.00 = 554.48
a)
Método exacto o curva exponencial:
1080−400
11% −( 180
)
1 − (1 + 2 ) 10,000
𝑃 = 550 + 1080−400 = 10,000.00
11%
2 11% ( 180
)
(1 + 2 )
( )
40
11% (180)
𝑃 = 10,000 ∗ (1 + ) = 10,119.69
2

Método práctico o lineal:

550 180
=
𝑥 400 − 360
550 180
=
𝑥 40
550 ∗ 40
𝑥= = 122.22
180
𝑃 = 𝑉𝑟 + 𝑥
𝑃 = 10,000 + 122.22 = 10,122.22
Método de flujo descontado directo:
550 550 550
𝑃= + +
(1 +
11% ∗ 140
) 𝐴 ∗ (1 +
11% ∗ 180
) 11% ∗ 180 2
360 360 𝐴 ∗ (1 + 360 )
10,550
+
11% ∗ 180 3
𝐴 ∗ (1 + 360 )

11% ∗ 140
𝐴 = (1 + )
360

𝑃 = 10,117.21

b)
Método exacto o curva exponencial:
8% −(1080−400)
1 − (1 + ) 180 10,000
𝑃 = 550 ( 2 )+
8% 1080−400 = 10,516.42
( )
2 8% 180
(1 + )
2
40
8% (180)
𝑃 = 10,516.42 ∗ (1 + ) = 10,608.48
2
Método práctico o lineal:

8%
1 − (1 + 2 )−(4) 10,000
𝑃 = 550 ( )+ = 10,544.48
8% 8% (4)
2 (1 + 2 )
8%
1 − (1 + 2 )−(3) 10,000
𝑃 = 550 ( )+ = 10,416.26
8% 8% (3)
2 (1 + 2 )
𝑃2 − 𝑃1 = 10,416.26 − 10,544.48 = −128.22

−128.22 180
=
𝑥 40
−128.22 ∗ 40
𝑥= = −28.49
180
𝑃 = 𝑉2 + 𝑥
𝑃 = 10,544.48 − 28.48 = 10,516

550 180
=
𝑥 400 − 360
550 180
=
𝑥 40
550 ∗ 40
𝑥= = 122.22
180
𝑃 = 10,516 + 122.22 = 10,638.22
Método de flujo descontado directo:
550 550 550
𝑃= + + 2
8% ∗ 140 8% ∗ 180
(1 + ) 𝐴 ∗ (1 + ) 𝐴 ∗ (1 + 8% ∗ 180)
360 360 360
10,550
+
8% ∗ 180 3
𝐴 ∗ (1 + 360 )

8% ∗ 140
𝐴 = (1 + )
360

𝑃 = 10,635.39

c)
Método exacto o curva exponencial:

𝐺𝑎𝑛𝑎𝑛𝑐𝑖𝑎 𝑜 𝑃𝑒𝑟𝑑𝑖𝑑𝑎
= 𝑃 𝑞𝑢𝑒 𝑞𝑢𝑖𝑒𝑟𝑒𝑛 𝑝𝑎𝑔𝑎𝑟𝑚𝑒
− 𝑃 𝑎𝑙 𝑞𝑢𝑒 𝑙𝑜 𝑎𝑑𝑞𝑢𝑖𝑟í (𝑎𝑚𝑏𝑜𝑠 𝑒𝑛 𝑒𝑙 𝑚𝑖𝑠𝑚𝑜 𝑚𝑜𝑚𝑒𝑛𝑡𝑜 𝑑𝑒 𝑡𝑖𝑒𝑚𝑝𝑜)
𝐺𝑎𝑛𝑎𝑛𝑐𝑖𝑎 𝑜 𝑃𝑒𝑟𝑑𝑖𝑑𝑎 = 10,608.48 − 10,119.69 = 488.79

Método práctico o lineal:

𝐺𝑎𝑛𝑎𝑛𝑐𝑖𝑎 𝑜 𝑃𝑒𝑟𝑑𝑖𝑑𝑎
= 𝑃 𝑞𝑢𝑒 𝑞𝑢𝑖𝑒𝑟𝑒𝑛 𝑝𝑎𝑔𝑎𝑟𝑚𝑒
− 𝑃 𝑎𝑙 𝑞𝑢𝑒 𝑙𝑜 𝑎𝑑𝑞𝑢𝑖𝑟í (𝑎𝑚𝑏𝑜𝑠 𝑒𝑛 𝑒𝑙 𝑚𝑖𝑠𝑚𝑜 𝑚𝑜𝑚𝑒𝑛𝑡𝑜 𝑑𝑒 𝑡𝑖𝑒𝑚𝑝𝑜)
𝐺𝑎𝑛𝑎𝑛𝑐𝑖𝑎 𝑜 𝑃𝑒𝑟𝑑𝑖𝑑𝑎 = 10,638.22 − 10,122.22 = 516

Método de flujo descontado directo:

𝐺𝑎𝑛𝑎𝑛𝑐𝑖𝑎 𝑜 𝑃𝑒𝑟𝑑𝑖𝑑𝑎
= 𝑃 𝑞𝑢𝑒 𝑞𝑢𝑖𝑒𝑟𝑒𝑛 𝑝𝑎𝑔𝑎𝑟𝑚𝑒
− 𝑃 𝑎𝑙 𝑞𝑢𝑒 𝑙𝑜 𝑎𝑑𝑞𝑢𝑖𝑟í (𝑎𝑚𝑏𝑜𝑠 𝑒𝑛 𝑒𝑙 𝑚𝑖𝑠𝑚𝑜 𝑚𝑜𝑚𝑒𝑛𝑡𝑜 𝑑𝑒 𝑡𝑖𝑒𝑚𝑝𝑜)
𝐺𝑎𝑛𝑎𝑛𝑐𝑖𝑎 𝑜 𝑃𝑒𝑟𝑑𝑖𝑑𝑎 = 10,635.39 − 10,117.21 = 518.18
Cálculo de tasa de interés

2 ∗ (𝐼 ∗ 𝑛) + 𝑉𝑟 − 𝑃
𝑖=
𝑛 ∗ (𝑉𝑟 + 𝑃)

2 ∗ ((33 ∗ 4) + 2,000 − 1,937)

𝑖=
4 ∗ (2,000 + 1,937)
𝑖 = 2.48% 𝑏𝑖𝑚𝑒𝑠𝑡𝑟𝑎𝑙
𝑖 = 14.86% 𝑎𝑛𝑢𝑎𝑙 𝑐𝑜𝑛𝑣𝑒𝑟𝑡𝑖𝑏𝑙𝑒 𝑏𝑖𝑚𝑒𝑠𝑡𝑟𝑎𝑙𝑚𝑒𝑛𝑡𝑒

Mediante interpolación

𝑖
1 − (1 + 6)−4 2,000
𝑃 = 1,937 = 33 ( )+
𝑖 𝑖 4
6 (1 + )
6

Para i=13% entonces P=1,960.81

Para i=14% entonces P=1,948.38
Para i=15% entonces P=1,936.05
Para i=16% entonces P=1,923.81

𝑖 = 14.95% 𝑎𝑛𝑢𝑎𝑙 𝑐𝑜𝑛𝑣𝑒𝑟𝑡𝑖𝑏𝑙𝑒 𝑏𝑖𝑚𝑒𝑠𝑡𝑟𝑎𝑙𝑚𝑒𝑛𝑡𝑒