Una empresa adquiere una propiedad por un valor de $ 1.200.

000 mediante el sistema

de amortizacin gradual. Hipoteca dicha propiedad a una institucin financiera, a 25 aos
de plazo, pagaderos en cuotas mensuales iguales, a una tasa de inters del 12% anual
capitalizable mensualmente. Calcule: a) el valor de la cuota mensual; b) los derechos del
acreedor; c) los derechos del deudor, ambos luego de haber pagado la cuota 200.
P=
n (aos) =
i% =

1200000
cuota R =
25
300 cuotas
12% anual mensual
0.01
Capital insoluto
Inters vencido al Cuota o pago
al principio del
final del perodo
Perodo perodo
1
1200000
12000
12638.69
2
1199361.31
11993.61
12638.69
3
1198716.23
11987.16
12638.69
4
1198064.71
11980.65
12638.69
5
1197406.66
11974.07
12638.69
6
1196742.04
11967.42
12638.69
7
1196070.77
11960.71
12638.69
8
1195392.79
11953.93
12638.69
9
1194708.03
11947.08
12638.69
10
1194016.42
11940.16
12638.69
11
1193317.89
11933.18
12638.69
12
1192612.38
11926.12
12638.69
13
1191899.82
11919.00
12638.69
14
1191180.12
11911.80
12638.69
15
1190453.24
11904.53
12638.69
16
1189719.08
11897.19
12638.69
17
1188977.58
11889.78
12638.69
18
1188228.67
11882.29
12638.69
19
1187472.26
11874.72
12638.69
20
1186708.30
11867.08
12638.69
21
1185936.69
11859.37
12638.69
22
1185157.37
11851.57
12638.69
23
1184370.25
11843.70
12638.69
24
1183575.26
11835.75
12638.69
25
1182772.33
11827.72
12638.69
26
1181961.36
11819.61
12638.69
27
1181142.28
11811.42
12638.69
28
1180315.02
11803.15
12638.69
29
1179479.48
11794.79
12638.69
30
1178635.58
11786.36
12638.69
31
1177783.25
11777.83
12638.69
32
1176922.39
11769.22
12638.69
33
1176052.92
11760.53
12638.69

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
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78

1175174.76
1174287.82
1173392.01
1172487.24
1171573.42
1170650.47
1169718.28
1168776.78
1167825.85
1166865.42
1165895.39
1164915.65
1163926.12
1162926.69
1161917.27
1160897.75
1159868.04
1158828.03
1157777.62
1156716.71
1155645.18
1154562.95
1153469.89
1152365.89
1151250.86
1150124.68
1148987.24
1147838.42
1146678.12
1145506.21
1144322.58
1143127.12
1141919.70
1140700.21
1139468.52
1138224.51
1136968.07
1135699.06
1134417.36
1133122.84
1131815.38
1130494.85
1129161.11
1127814.03
1126453.48

11751.75
11742.88
11733.92
11724.87
11715.73
11706.50
11697.18
11687.77
11678.26
11668.65
11658.95
11649.16
11639.26
11629.27
11619.17
11608.98
11598.68
11588.28
11577.78
11567.17
11556.45
11545.63
11534.70
11523.66
11512.51
11501.25
11489.87
11478.38
11466.78
11455.06
11443.23
11431.27
11419.20
11407.00
11394.69
11382.25
11369.68
11356.99
11344.17
11331.23
11318.15
11304.95
11291.61
11278.14
11264.53

12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69

79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123

1125079.32
1123691.43
1122289.65
1120873.86
1119443.91
1117999.66
1116540.96
1115067.68
1113579.67
1112076.78
1110558.86
1109025.75
1107477.32
1105913.41
1104333.85
1102738.50
1101127.19
1099499.78
1097856.08
1096195.96
1094519.23
1092825.73
1091115.30
1089387.76
1087642.95
1085880.69
1084100.80
1082303.12
1080487.46
1078653.65
1076801.50
1074930.82
1073041.44
1071133.16
1069205.81
1067259.17
1065293.08
1063307.32
1061301.70
1059276.03
1057230.10
1055163.71
1053076.66
1050968.73
1048839.73

11250.79
11236.91
11222.90
11208.74
11194.44
11180.00
11165.41
11150.68
11135.80
11120.77
11105.59
11090.26
11074.77
11059.13
11043.34
11027.38
11011.27
10995.00
10978.56
10961.96
10945.19
10928.26
10911.15
10893.88
10876.43
10858.81
10841.01
10823.03
10804.87
10786.54
10768.01
10749.31
10730.41
10711.33
10692.06
10672.59
10652.93
10633.07
10613.02
10592.76
10572.30
10551.64
10530.77
10509.69
10488.40

12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69

124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168

1046689.44
1044517.64
1042324.13
1040108.68
1037871.08
1035611.10
1033328.52
1031023.12
1028694.66
1026342.92
1023967.65
1021568.64
1019145.64
1016698.41
1014226.70
1011730.28
1009208.89
1006662.29
1004090.22
1001492.43
998868.67
996218.67
993542.16
990838.90
988108.59
985350.99
982565.81
979752.78
976911.62
974042.04
971143.77
968216.52
965260.00
962273.91
959257.96
956211.85
953135.28
950027.94
946889.53
943719.73
940518.24
937284.74
934018.89
930720.39
927388.91

10466.89
10445.18
10423.24
10401.09
10378.71
10356.11
10333.29
10310.23
10286.95
10263.43
10239.68
10215.69
10191.46
10166.98
10142.27
10117.30
10092.09
10066.62
10040.90
10014.92
9988.69
9962.19
9935.42
9908.39
9881.09
9853.51
9825.66
9797.53
9769.12
9740.42
9711.44
9682.17
9652.60
9622.74
9592.58
9562.12
9531.35
9500.28
9468.90
9437.20
9405.18
9372.85
9340.19
9307.20
9273.89

12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69

169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213

924024.11
920625.66
917193.22
913726.47
910225.04
906688.60
903116.80
899509.28
895865.68
892185.65
888468.81
884714.81
880923.27
877093.81
873226.06
869319.63
865374.14
861389.19
857364.39
853299.35
849193.65
845046.90
840858.68
836628.57
832356.17
828041.04
823682.76
819280.90
814835.02
810344.68
805809.44
801228.84
796602.44
791929.78
787210.38
782443.80
777629.55
772767.15
767856.13
762896.01
757886.28
752826.45
747716.02
742554.49
737341.35

9240.24
9206.26
9171.93
9137.26
9102.25
9066.89
9031.17
8995.09
8958.66
8921.86
8884.69
8847.15
8809.23
8770.94
8732.26
8693.20
8653.74
8613.89
8573.64
8532.99
8491.94
8450.47
8408.59
8366.29
8323.56
8280.41
8236.83
8192.81
8148.35
8103.45
8058.09
8012.29
7966.02
7919.30
7872.10
7824.44
7776.30
7727.67
7678.56
7628.96
7578.86
7528.26
7477.16
7425.54
7373.41

12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69

214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
246
247
248
249
250
251
252
253
254
255
256
257
258

732076.07
726758.14
721387.04
715962.22
710483.15
704949.29
699360.09
693715.01
688013.47
682254.91
676438.77
670564.47
664631.42
658639.05
652586.75
646473.93
640299.98
634064.29
627766.24
621405.21
614980.57
608491.69
601937.92
595318.61
588633.10
581880.74
575060.86
568172.78
561215.82
554189.29
547092.49
539924.73
532685.28
525373.45
517988.49
510529.69
502996.29
495387.57
487702.75
479941.09
472101.81
464184.14
456187.29
448110.48
439952.89

7320.76
7267.58
7213.87
7159.62
7104.83
7049.49
6993.60
6937.15
6880.13
6822.55
6764.39
6705.64
6646.31
6586.39
6525.87
6464.74
6403.00
6340.64
6277.66
6214.05
6149.81
6084.92
6019.38
5953.19
5886.33
5818.81
5750.61
5681.73
5612.16
5541.89
5470.92
5399.25
5326.85
5253.73
5179.88
5105.30
5029.96
4953.88
4877.03
4799.41
4721.02
4641.84
4561.87
4481.10
4399.53

12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69

259
260
261
262
263
264
265
266
267
268
269
270
271
272
273
274
275
276
277
278
279
280
281
282
283
284
285
286
287
288
289
290
291
292
293
294
295
296
297
298
299
300

431713.73
423392.18
414987.41
406498.59
397924.89
389265.45
380519.41
371685.92
362764.09
353753.04
344651.88
335459.71
326175.62
316798.68
307327.98
297762.57
288101.51
278343.83
268488.58
258534.78
248481.43
238327.56
228072.14
217714.18
207252.63
196686.46
186014.64
175236.10
164349.77
153354.58
142249.43
131033.24
119704.88
108263.24
96707.18
85035.56
73247.23
61341.01
49315.73
37170.20
24903.21
12513.55

4317.14
4233.92
4149.87
4064.99
3979.25
3892.65
3805.19
3716.86
3627.64
3537.53
3446.52
3354.60
3261.76
3167.99
3073.28
2977.63
2881.02
2783.44
2684.89
2585.35
2484.81
2383.28
2280.72
2177.14
2072.53
1966.86
1860.15
1752.36
1643.50
1533.55
1422.49
1310.33
1197.05
1082.63
967.07
850.36
732.47
613.41
493.16
371.70
249.03
125.14

12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69
12638.69

0 mediante el sistema
cin financiera, a 25 aos
inters del 12% anual
sual; b) los derechos del
ado la cuota 200.
12638.69
3791694
Capital pagado
por cuota al final
del perodo
638.69
645.08
651.53
658.04
664.62
671.27
677.98
684.76
691.61
698.53
705.51
712.57
719.69
726.89
734.16
741.50
748.91
756.40
763.97
771.61
779.32
787.12
794.99
802.94
810.97
819.08
827.27
835.54
843.89
852.33
860.86
869.47
878.16

0.01(1
(1 0

R 1200000
Saldo deuda al
final del perodo
1199361.31
1198716.23
1198064.71
1197406.66
1196742.04
1196070.77
1195392.79
1194708.03
1194016.42
1193317.89
1192612.38
1191899.82
1191180.12
1190453.24
1189719.08
1188977.58
1188228.67
1187472.26
1186708.30
1185936.69
1185157.37
1184370.25
1183575.26
1182772.33
1181961.36
1181142.28
1180315.02
1179479.48
1178635.58
1177783.25
1176922.39
1176052.92
1175174.76

S/. -638.69

886.94
895.81
904.77
913.82
922.96
932.19
941.51
950.92
960.43
970.04
979.74
989.53
999.43
1009.42
1019.52
1029.71
1040.01
1050.41
1060.91
1071.52
1082.24
1093.06
1103.99
1115.03
1126.18
1137.44
1148.82
1160.31
1171.91
1183.63
1195.46
1207.42
1219.49
1231.69
1244.00
1256.44
1269.01
1281.70
1294.52
1307.46
1320.54
1333.74
1347.08
1360.55
1374.15

1174287.82
1173392.01
1172487.24
1171573.42
1170650.47
1169718.28
1168776.78
1167825.85
1166865.42
1165895.39
1164915.65
1163926.12
1162926.69
1161917.27
1160897.75
1159868.04
1158828.03
1157777.62
1156716.71
1155645.18
1154562.95
1153469.89
1152365.89
1151250.86
1150124.68
1148987.24
1147838.42
1146678.12
1145506.21
1144322.58
1143127.12
1141919.70
1140700.21
1139468.52
1138224.51
1136968.07
1135699.06
1134417.36
1133122.84
1131815.38
1130494.85
1129161.11
1127814.03
1126453.48
1125079.32

1387.90
1401.78
1415.79
1429.95
1444.25
1458.69
1473.28
1488.01
1502.89
1517.92
1533.10
1548.43
1563.92
1579.56
1595.35
1611.30
1627.42
1643.69
1660.13
1676.73
1693.50
1710.43
1727.54
1744.81
1762.26
1779.88
1797.68
1815.66
1833.82
1852.15
1870.67
1889.38
1908.28
1927.36
1946.63
1966.10
1985.76
2005.62
2025.67
2045.93
2066.39
2087.05
2107.92
2129.00
2150.29

1123691.43
1122289.65
1120873.86
1119443.91
1117999.66
1116540.96
1115067.68
1113579.67
1112076.78
1110558.86
1109025.75
1107477.32
1105913.41
1104333.85
1102738.50
1101127.19
1099499.78
1097856.08
1096195.96
1094519.23
1092825.73
1091115.30
1089387.76
1087642.95
1085880.69
1084100.80
1082303.12
1080487.46
1078653.65
1076801.50
1074930.82
1073041.44
1071133.16
1069205.81
1067259.17
1065293.08
1063307.32
1061301.70
1059276.03
1057230.10
1055163.71
1053076.66
1050968.73
1048839.73
1046689.44

2171.80
2193.51
2215.45
2237.60
2259.98
2282.58
2305.40
2328.46
2351.74
2375.26
2399.01
2423.00
2447.23
2471.71
2496.42
2521.39
2546.60
2572.07
2597.79
2623.77
2650.00
2676.50
2703.27
2730.30
2757.60
2785.18
2813.03
2841.16
2869.57
2898.27
2927.25
2956.52
2986.09
3015.95
3046.11
3076.57
3107.34
3138.41
3169.79
3201.49
3233.51
3265.84
3298.50
3331.49
3364.80

1044517.64
1042324.13
1040108.68
1037871.08
1035611.10
1033328.52
1031023.12
1028694.66
1026342.92
1023967.65
1021568.64
1019145.64
1016698.41
1014226.70
1011730.28
1009208.89
1006662.29
1004090.22
1001492.43
998868.67
996218.67
993542.16
990838.90
988108.59
985350.99
982565.81
979752.78
976911.62
974042.04
971143.77
968216.52
965260.00
962273.91
959257.96
956211.85
953135.28
950027.94
946889.53
943719.73
940518.24
937284.74
934018.89
930720.39
927388.91
924024.11

3398.45
3432.43
3466.76
3501.43
3536.44
3571.80
3607.52
3643.60
3680.03
3716.83
3754.00
3791.54
3829.46
3867.75
3906.43
3945.49
3984.95
4024.80
4065.05
4105.70
4146.75
4188.22
4230.10
4272.40
4315.13
4358.28
4401.86
4445.88
4490.34
4535.24
4580.60
4626.40
4672.67
4719.39
4766.59
4814.25
4862.39
4911.02
4960.13
5009.73
5059.83
5110.43
5161.53
5213.14
5265.28

920625.66
917193.22
913726.47
910225.04
906688.60
903116.80
899509.28
895865.68
892185.65
888468.81
884714.81
880923.27
877093.81
873226.06
869319.63
865374.14
861389.19
857364.39
853299.35
849193.65
845046.90
840858.68
836628.57
832356.17
828041.04
823682.76
819280.90
814835.02
810344.68
805809.44
801228.84
796602.44
791929.78
787210.38
782443.80
777629.55
772767.15
767856.13
762896.01
757886.28
752826.45
747716.02
742554.49
737341.35
732076.07

5317.93
5371.11
5424.82
5479.07
5533.86
5589.20
5645.09
5701.54
5758.56
5816.14
5874.30
5933.05
5992.38
6052.30
6112.82
6173.95
6235.69
6298.05
6361.03
6424.64
6488.88
6553.77
6619.31
6685.50
6752.36
6819.88
6888.08
6956.96
7026.53
7096.80
7167.76
7239.44
7311.84
7384.96
7458.80
7533.39
7608.73
7684.81
7761.66
7839.28
7917.67
7996.85
8076.82
8157.58
8239.16

726758.14
721387.04
715962.22
710483.15
704949.29
699360.09
693715.01
688013.47
682254.91
676438.77
670564.47
664631.42
658639.05
652586.75
646473.93
640299.98
634064.29
627766.24
621405.21
614980.57
608491.69
601937.92
595318.61
588633.10
581880.74
575060.86
568172.78
561215.82
554189.29
547092.49
539924.73
532685.28
525373.45
517988.49
510529.69
502996.29
495387.57
487702.75
479941.09
472101.81
464184.14
456187.29
448110.48
439952.89
431713.73

8321.55
8404.77
8488.82
8573.70
8659.44
8746.04
8833.50
8921.83
9011.05
9101.16
9192.17
9284.09
9376.93
9470.70
9565.41
9661.06
9757.67
9855.25
9953.80
10053.34
10153.88
10255.41
10357.97
10461.55
10566.16
10671.83
10778.54
10886.33
10995.19
11105.14
11216.20
11328.36
11441.64
11556.06
11671.62
11788.33
11906.22
12025.28
12145.53
12266.99
12389.66
12513.55

423392.18
414987.41
406498.59
397924.89
389265.45
380519.41
371685.92
362764.09
353753.04
344651.88
335459.71
326175.62
316798.68
307327.98
297762.57
288101.51
278343.83
268488.58
258534.78
248481.43
238327.56
228072.14
217714.18
207252.63
196686.46
186014.64
175236.10
164349.77
153354.58
142249.43
131033.24
119704.88
108263.24
96707.18
85035.56
73247.23
61341.01
49315.73
37170.20
24903.21
12513.55
0.00

 0.01(1 0.01) 300

300
1
(1 0.01)

R 1200000

P=
n (aos) =
i% =

Perodo
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18

10000

cuota R =

1,5
36

18
anual mensual

Capital insoluto
al principio del
perodo
10000
9532.98
9056.62
8570.73
8075.12
7569.60
7053.97
6528.03
5991.57
5444.38
4886.25
4316.95
3736.27
3143.98
2539.84
1923.61
1295.06
653.94

Inters vencido al Cuota o pago

final del perodo
200.00
190.66
181.13
171.41
161.50
151.39
141.08
130.56
119.83
108.89
97.73
86.34
74.73
62.88
50.80
38.47
25.90
13.08

0.02

667.02
667.02
667.02
667.02
667.02
667.02
667.02
667.02
667.02
667.02
667.02
667.02
667.02
667.02
667.02
667.02
667.02
667.02

667.02

Capital pagado
por cuota al final
del perodo
467.02
476.36
485.89
495.61
505.52
515.63
525.94
536.46
547.19
558.13
569.30
580.68
592.30
604.14
616.22
628.55
641.12
653.94

Saldo deuda al
final del perodo
9532.98
9056.62
8570.73
8075.12
7569.60
7053.97
6528.03
5991.57
5444.38
4886.25
4316.95
3736.27
3143.98
2539.84
1923.61
1295.06
653.94
0.00

metodo de amortizacin constante

periodo
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18

saldo
10000
9444.44
8888.89
8333.33
7777.78
7222.22
6666.67
6111.11
5555.56
5000.00
4444.44
3888.89
3333.33
2777.78
2222.22
1666.67
1111.11
555.56

tizacin constante
inters
200.00
188.89
177.78
166.67
155.56
144.44
133.33
122.22
111.11
100.00
88.89
77.78
66.67
55.56
44.44
33.33
22.22
11.11

metodo de amortizacion diferida

amortizacion
555.56
555.56
555.56
555.56
555.56
555.56
555.56
555.56
555.56
555.56
555.56
555.56
555.56
555.56
555.56
555.56
555.56
555.56

cuota
755.56
744.44
733.33
722.22
711.11
700.00
688.89
677.78
666.67
655.56
644.44
633.33
622.22
611.11
600.00
588.89
577.78
566.67

periodo
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18

saldo
10000
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000

ortizacion diferida
inters
200.00
200.00
200.00
200.00
200.00
200.00
200.00
200.00
200.00
200.00
200.00
200.00
200.00
200.00
200.00
200.00
200.00
200.00

amortizacion
cuota
0
200.00
0
200.00
0
200.00
0
200.00
0
200.00
0
200.00
0
200.00
0
200.00
0
200.00
0
200.00
0
200.00
0
200.00
0
200.00
0
200.00
0
200.00
0
200.00
0
200.00
10000
10200.00