Relaciones para flujos de efectivo discretos con

capitalización al final del periodo

Encontrar/ Notación con factor y Ejemplo de diagrama
Tipo Dado su fórmula Relación del flujo de efectivo

F#P (F#P,i,n) = (1 + i)n F = P(F#P,i,n) F

Cantidad
Cantidad capitalizada 1 2 n–1
0
única …
1 n
P#F (P#F,i,n) = —n P = F(P#F,i,n)
(1 + i)
Valor
presente (Sec. 2.1) P

(1 + i)n − 1 A … A
P#A (P#A,i,n) = —— P = A(P#A,i,n) A A
Valor i(1 + i)n
presente 0
…
i(1 + i) n
A#P (A#P,i,n) = —— A = P(A#P,i,n) 1 2 n–1 n
Recuperación (1 + i)n − 1
del capital (Sec. 2.2) P
Serie
uniforme
(1 + i)n − 1
F#A (F#A,i,n) = —— F = A(F#A,i,n) F
Valor i
capitalizado 0 1 2 n–1 n
…
i
A#F (A#F,i,n) = —— A = F(A#F,i,n)
(1 + i)n − 1
Fondo de
A A…A A
amortización (Sec. 2.3)

PG#G (1 + i)n − in − 1 PG
(P#G,i,n) = —— PG = G(P#G,i,n) AG AG AG … AG AG
Valor i2(1 + i)n
Gradiente presente
aritmético …
1 n 0 1 2 3 n
AG#G (A#G,i,n) = — − —— AG = G(A#G,i,n) …
Series i (1+ i)n − 1 G 2G
uniformes (Sólo gradiente) (Sec. 2.5) (n–1) G

{
[ ( 1+g n
)]
n–1
A1(1+g)
A1 1 − ——— A1(1+g)
1+i A1 …
Gradiente Pg#A1 y g ——————— g≠i
Pg = i−g
geométrico Valor …
n 0
presente A1 ——— g=i 1 2 n–1 n
1+i
(Gradiente y base A1) (Sec. 2.6) Pg
584 Tablas de factores de interés compuesto

1% TABLA 4 Flujo de efectivo discreto: Factores de interés compuesto 1%

Pagos únicos Serie de pagos uniformes Gradientes aritméticos

Cantidad Valor Fondo Cantidad Recuperación Valor Valor presente Serie uniforme
compuesta presente hundido compuesta de capital presente del gradiente del gradiente
n F!P P!F A!F F!A A!P P!A P!G A!G
1 1.0100 0.9901 1.00000 1.0000 1.01000 0.9901
2 1.0201 0.9803 0.49751 2.0100 0.50751 1.9704 0.9803 0.4975
3 1.0303 0.9706 0.33002 3.0301 0.34002 2.9410 2.9215 0.9934
4 1.0406 0.9610 0.24628 4.0604 0.25628 3.9020 5.8044 1.4876
5 1.0510 0.9515 0.19604 5.1010 0.20604 4.8534 9.6103 1.9801
6 1.0615 0.9420 0.16255 6.1520 0.17255 5.7955 14.3205 2.4710
7 1.0721 0.9327 0.13863 7.2135 0.14863 6.7282 19.9168 2.9602
8 1.0829 0.9235 0.12069 8.2857 0.13069 7.6517 26.3812 3.4478
9 1.0937 0.9143 0.10674 9.3685 0.11674 8.5660 33.6959 3.9337
10 1.1046 0.9053 0.09558 10.4622 0.10558 9.4713 41.8435 4.4179
11 1.1157 0.8963 0.08645 11.5668 0.09645 10.3676 50.8067 4.9005
12 1.1268 0.8874 0.07885 12.6825 0.08885 11.2551 60.5687 5.3815
13 1.1381 0.8787 0.07241 13.8093 0.08241 12.1337 71.1126 5.8607
14 1.1495 0.8700 0.06690 14.9474 0.07690 13.0037 82.4221 6.3384
15 1.1610 0.8613 0.06212 16.0969 0.07212 13.8651 94.4810 6.8143
16 1.1726 0.8528 0.05794 17.2579 0.06794 14.7179 107.2734 7.2886
17 1.1843 0.8444 0.05426 18.4304 0.06426 15.5623 120.7834 7.7613
18 1.1961 0.8360 0.05098 19.6147 0.06098 16.3983 134.9957 8.2323
19 1.2081 0.8277 0.04805 20.8109 0.05805 17.2260 149.8950 8.7017
20 1.2202 0.8195 0.04542 22.0190 0.05542 18.0456 165.4664 9.1694
21 1.2324 0.8114 0.04303 23.2392 0.05303 18.8570 181.6950 9.6354
22 1.2447 0.8034 0.04086 24.4716 0.05086 19.6604 198.5663 10.0998
23 1.2572 0.7954 0.03889 25.7163 0.04889 20.4558 216.0660 10.5626
24 1.2697 0.7876 0.03707 26.9735 0.04707 21.2434 234.1800 11.0237
25 1.2824 0.7798 0.03541 28.2432 0.04541 22.0232 252.8945 11.4831
26 1.2953 0.7720 0.03387 29.5256 0.04387 22.7952 272.1957 11.9409
27 1.3082 0.7644 0.03245 30.8209 0.04245 23.5596 292.0702 12.3971
28 1.3213 0.7568 0.03112 32.1291 0.04112 24.3164 312.5047 12.8516
29 1.3345 0.7493 0.02990 33.4504 0.03990 25.0658 333.4863 13.3044
30 1.3478 0.7419 0.02875 34.7849 0.03875 25.8077 355.0021 13.7557
36 1.4308 0.6989 0.02321 43.0769 0.03321 30.1075 494.6207 16.4285
40 1.4889 0.6717 0.02046 48.8864 0.03046 32.8347 596.8561 18.1776
48 1.6122 0.6203 0.01633 61.2226 0.02633 37.9740 820.1460 21.5976
50 1.6446 0.6080 0.01551 64.4632 0.02551 39.1961 879.4176 22.4363
52 1.6777 0.5961 0.01476 67.7689 0.02476 40.3942 939.9175 23.2686
55 1.7285 0.5785 0.01373 72.8525 0.02373 42.1472 1032.81 24.5049
60 1.8167 0.5504 0.01224 81.6697 0.02224 44.9550 1192.81 26.5333
72 2.0471 0.4885 0.00955 104.7099 0.01955 51.1504 1597.87 31.2386
75 2.1091 0.4741 0.00902 110.9128 0.01902 52.5871 1702.73 32.3793
84 2.3067 0.4335 0.00765 130.6723 0.01765 56.6485 2023.32 35.7170
90 2.4486 0.4084 0.00690 144.8633 0.01690 59.1609 2240.57 37.8724
96 2.5993 0.3847 0.00625 159.9273 0.01625 61.5277 2459.43 39.9727
100 2.7048 0.3697 0.00587 170.4814 0.01587 63.0289 2605.78 41.3426
108 2.9289 0.3414 0.00518 192.8926 0.01518 65.8578 2898.42 44.0103
120 3.3004 0.3030 0.00435 230.0387 0.01435 69.7005 3334.11 47.8349
132 3.7190 0.2689 0.00368 271.8959 0.01368 73.1108 3761.69 51.4520
144 4.1906 0.2386 0.00313 319.0616 0.01313 76.1372 4177.47 54.8676
240 10.8926 0.0918 0.00101 989.2554 0.01101 90.8194 6878.60 75.7393
360 35.9496 0.0278 0.00029 3494.96 0.01029 97.2183 8720.43 89.6995
480 118.6477 0.0084 0.00008 11765 0.01008 99.1572 9511.16 95.9200
590 Tablas de factores de interés compuesto

5% TABLA 10 Flujo de efectivo discreto: Factores de interés compuesto 5%

Pagos únicos Serie de pagos uniformes Gradientes aritméticos

Cantidad Valor Fondo Cantidad Recuperación Valor Valor presente Serie uniforme
compuesta presente hundido compuesta de capital presente del gradiente del gradiente
n F!P P!F A!F F!A A!P P!A P!G A!G
1 1.0500 0.9524 1.00000 1.0000 1.05000 0.9524
2 1.1025 0.9070 0.48780 2.0500 0.53780 1.8594 0.9070 0.4878
3 1.1576 0.8638 0.31721 3.1525 0.36721 2.7232 2.6347 0.9675
4 1.2155 0.8227 0.23201 4.3101 0.28201 3.5460 5.1028 1.4391
5 1.2763 0.7835 0.18097 5.5256 0.23097 4.3295 8.2369 1.9025
6 1.3401 0.7462 0.14702 6.8019 0.19702 5.0757 11.9680 2.3579
7 1.4071 0.7107 0.12282 8.1420 0.17282 5.7864 16.2321 2.8052
8 1.4775 0.6768 0.10472 9.5491 0.15472 6.4632 20.9700 3.2445
9 1.5513 0.6446 0.09069 11.0266 0.14069 7.1078 26.1268 3.6758
10 1.6289 0.6139 0.07950 12.5779 0.12950 7.7217 31.6520 4.0991
11 1.7103 0.5847 0.07039 14.2068 0.12039 8.3064 37.4988 4.5144
12 1.7959 0.5568 0.06283 15.9171 0.11283 8.8633 43.6241 4.9219
13 1.8856 0.5303 0.05646 17.7130 0.10646 9.3936 49.9879 5.3215
14 1.9799 0.5051 0.05102 19.5986 0.10102 9.8986 56.5538 5.7133
15 2.0789 0.4810 0.04634 21.5786 0.09634 10.3797 63.2880 6.0973
16 2.1829 0.4581 0.04227 23.6575 0.09227 10.8378 70.1597 6.4736
17 2.2920 0.4363 0.03870 25.8404 0.08870 11.2741 77.1405 6.8423
18 2.4066 0.4155 0.03555 28.1324 0.08555 11.6896 84.2043 7.2034
19 2.5270 0.3957 0.03275 30.5390 0.08275 12.0853 91.3275 7.5569
20 2.6533 0.3769 0.03024 33.0660 0.08024 12.4622 98.4884 7.9030
21 2.7860 0.3589 0.02800 35.7193 0.07800 12.8212 105.6673 8.2416
22 2.9253 0.3418 0.02597 38.5052 0.07597 13.1630 112.8461 8.5730
23 3.0715 0.3256 0.02414 41.4305 0.07414 13.4886 120.0087 8.8971
24 3.2251 0.3101 0.02247 44.5020 0.07247 13.7986 127.1402 9.2140
25 3.3864 0.2953 0.02095 47.7271 0.07095 14.0939 134.2275 9.5238
26 3.5557 0.2812 0.01956 51.1135 0.06956 14.3752 141.2585 9.8266
27 3.7335 0.2678 0.01829 54.6691 0.06829 14.6430 148.2226 10.1224
28 3.9201 0.2551 0.01712 58.4026 0.06712 14.8981 155.1101 10.4114
29 4.1161 0.2429 0.01605 62.3227 0.06605 15.1411 161.9126 10.6936
30 4.3219 0.2314 0.01505 66.4388 0.06505 15.3725 168.6226 10.9691
31 4.5380 0.2204 0.01413 70.7608 0.06413 15.5928 175.2333 11.2381
32 4.7649 0.2099 0.01328 75.2988 0.06328 15.8027 181.7392 11.5005
33 5.0032 0.1999 0.01249 80.0638 0.06249 16.0025 188.1351 11.7566
34 5.2533 0.1904 0.01176 85.0670 0.06176 16.1929 194.4168 12.0063
35 5.5160 0.1813 0.01107 90.3203 0.06107 16.3742 200.5807 12.2498
40 7.0400 0.1420 0.00828 120.7998 0.05828 17.1591 229.5452 13.3775
45 8.9850 0.1113 0.00626 159.7002 0.05626 17.7741 255.3145 14.3644
50 11.4674 0.0872 0.00478 209.3480 0.05478 18.2559 277.9148 15.2233
55 14.6356 0.0683 0.00367 272.7126 0.05367 18.6335 297.5104 15.9664
60 18.6792 0.0535 0.00283 353.5837 0.05283 18.9293 314.3432 16.6062
65 23.8399 0.0419 0.00219 456.7980 0.05219 19.1611 328.6910 17.1541
70 30.4264 0.0329 0.00170 588.5285 0.05170 19.3427 340.8409 17.6212
75 38.8327 0.0258 0.00132 756.6537 0.05132 19.4850 351.0721 18.0176
80 49.5614 0.0202 0.00103 971.2288 0.05103 19.5965 359.6460 18.3526
85 63.2544 0.0158 0.00080 1245.09 0.05080 19.6838 366.8007 18.6346
90 80.7304 0.0124 0.00063 1594.61 0.05063 19.7523 372.7488 18.8712
95 103.0347 0.0097 0.00049 2040.69 0.05049 19.8059 377.6774 19.0689
96 108.1864 0.0092 0.00047 2143.73 0.05047 19.8151 378.5555 19.1044
98 119.2755 0.0084 0.00042 2365.51 0.05042 19.8323 380.2139 19.1714
100 131.5013 0.0076 0.00038 2610.03 0.05038 19.8479 381.7492 19.2337
 Tablas de factores de interés compuesto 595

10% TABLA 15 Flujo de efectivo discreto: Factores de interés compuesto 10%

Pagos únicos Serie de pagos uniformes Gradientes aritméticos

Cantidad Valor Fondo Cantidad Recuperación Valor Valor presente Serie uniforme
compuesta presente hundido compuesta de capital presente del gradiente del gradiente
n F!P P!F A!F F!A A!P P!A P!G A!G
1 1.1000 0.9091 1.00000 1.0000 1.10000 0.9091
2 1.2100 0.8264 0.47619 2.1000 0.57619 1.7355 0.8264 0.4762
3 1.3310 0.7513 0.30211 3.3100 0.40211 2.4869 2.3291 0.9366
4 1.4641 0.6830 0.21547 4.6410 0.31547 3.1699 4.3781 1.3812
5 1.6105 0.6209 0.16380 6.1051 0.26380 3.7908 6.8618 1.8101
6 1.7716 0.5645 0.12961 7.7156 0.22961 4.3553 9.6842 2.2236
7 1.9487 0.5132 0.10541 9.4872 0.20541 4.8684 12.7631 2.6216
8 2.1436 0.4665 0.08744 11.4359 0.18744 5.3349 16.0287 3.0045
9 2.3579 0.4241 0.07364 13.5795 0.17364 5.7590 19.4215 3.3724
10 2.5937 0.3855 0.06275 15.9374 0.16275 6.1446 22.8913 3.7255
11 2.8531 0.3505 0.05396 18.5312 0.15396 6.4951 26.3963 4.0641
12 3.1384 0.3186 0.04676 21.3843 0.14676 6.8137 29.9012 4.3884
13 3.4523 0.2897 0.04078 24.5227 0.14078 7.1034 33.3772 4.6988
14 3.7975 0.2633 0.03575 27.9750 0.13575 7.3667 36.8005 4.9955
15 4.1772 0.2394 0.03147 31.7725 0.13147 7.6061 40.1520 5.2789
16 4.5950 0.2176 0.02782 35.9497 0.12782 7.8237 43.4164 5.5493
17 5.0545 0.1978 0.02466 40.5447 0.12466 8.0216 46.5819 5.8071
18 5.5599 0.1799 0.02193 45.5992 0.12193 8.2014 49.6395 6.0526
19 6.1159 0.1635 0.01955 51.1591 0.11955 8.3649 52.5827 6.2861
20 6.7275 0.1486 0.01746 57.2750 0.11746 8.5136 55.4069 6.5081
21 7.4002 0.1351 0.01562 64.0025 0.11562 8.6487 58.1095 6.7189
22 8.1403 0.1228 0.01401 71.4027 0.11401 8.7715 60.6893 6.9189
23 8.9543 0.1117 0.01257 79.5430 0.11257 8.8832 63.1462 7.1085
24 9.8497 0.1015 0.01130 88.4973 0.11130 8.9847 65.4813 7.2881
25 10.8347 0.0923 0.01017 98.3471 0.11017 9.0770 67.6964 7.4580
26 11.9182 0.0839 0.00916 109.1818 0.10916 9.1609 69.7940 7.6186
27 13.1100 0.0763 0.00826 121.0999 0.10826 9.2372 71.7773 7.7704
28 14.4210 0.0693 0.00745 134.2099 0.10745 9.3066 73.6495 7.9137
29 15.8631 0.0630 0.00673 148.6309 0.10673 9.3696 75.4146 8.0489
30 17.4494 0.0573 0.00608 164.4940 0.10608 9.4269 77.0766 8.1762
31 19.1943 0.0521 0.00550 181.9434 0.10550 9.4790 78.6395 8.2962
32 21.1138 0.0474 0.00497 201.1378 0.10497 9.5264 80.1078 8.4091
33 23.2252 0.0431 0.00450 222.2515 0.10450 9.5694 81.4856 8.5152
34 25.5477 0.0391 0.00407 245.4767 0.10407 9.6086 82.7773 8.6149
35 28.1024 0.0356 0.00369 271.0244 0.10369 9.6442 83.9872 8.7086
40 45.2593 0.0221 0.00226 442.5926 0.10226 9.7791 88.9525 9.0962
45 72.8905 0.0137 0.00139 718.9048 0.10139 9.8628 92.4544 9.3740
50 117.3909 0.0085 0.00086 1163.91 0.10086 9.9148 94.8889 9.5704
55 189.0591 0.0053 0.00053 1880.59 0.10053 9.9471 96.5619 9.7075
60 304.4816 0.0033 0.00033 3034.82 0.10033 9.9672 97.7010 9.8023
65 490.3707 0.0020 0.00020 4893.71 0.10020 9.9796 98.4705 9.8672
70 789.7470 0.0013 0.00013 7887.47 0.10013 9.9873 98.9870 9.9113
75 1271.90 0.0008 0.00008 12709 0.10008 9.9921 99.3317 9.9410
80 2048.40 0.0005 0.00005 20474 0.10005 9.9951 99.5606 9.9609
85 3298.97 0.0003 0.00003 32980 0.10003 9.9970 99.7120 9.9742
90 5313.02 0.0002 0.00002 53120 0.10002 9.9981 99.8118 9.9831
95 8556.68 0.0001 0.00001 85557 0.10001 9.9988 99.8773 9.9889
96 9412.34 0.0001 0.00001 94113 0.10001 9.9989 99.8874 9.9898
98 11389 0.0001 0.00001 0.10001 9.9991 99.9052 9.9914
100 13781 0.0001 0.00001 0.10001 9.9993 99.9202 9.9927
 Tablas de factores de interés compuesto 597

12% TABLA 17 Flujo de efectivo discreto: Factores de interés compuesto 12%

Pagos únicos Serie de pagos uniformes Gradientes aritméticos

Cantidad Valor Fondo Cantidad Recuperación Valor Valor presente Serie uniforme
compuesta presente hundido compuesta de capital presente del gradiente del gradiente
n F!P P!F A!F F!A A!P P!A P!G A!G
1 1.1200 0.8929 1.00000 1.0000 1.12000 0.8929
2 1.2544 0.7972 0.47170 2.1200 0.59170 1.6901 0.7972 0.4717
3 1.4049 0.7118 0.29635 3.3744 0.41635 2.4018 2.2208 0.9246
4 1.5735 0.6355 0.20923 4.7793 0.32923 3.0373 4.1273 1.3589
5 1.7623 0.5674 0.15741 6.3528 0.27741 3.6048 6.3970 1.7746
6 1.9738 0.5066 0.12323 8.1152 0.24323 4.1114 8.9302 2.1720
7 2.2107 0.4523 0.09912 10.0890 0.21912 4.5638 11.6443 2.5512
8 2.4760 0.4039 0.08130 12.2997 0.20130 4.9676 14.4714 2.9131
9 2.7731 0.3606 0.06768 14.7757 0.18768 5.3282 17.3563 3.2574
10 3.1058 0.3220 0.05698 17.5487 0.17698 5.6502 20.2541 3.5847
11 3.4785 0.2875 0.04842 20.6546 0.16842 5.9377 23.1288 3.8953
12 3.8960 0.2567 0.04144 24.1331 0.16144 6.1944 25.9523 4.1897
13 4.3635 0.2292 0.03568 28.0291 0.15568 6.4235 28.7024 4.4683
14 4.8871 0.2046 0.03087 32.3926 0.15087 6.6282 31.3624 4.7317
15 5.4736 0.1827 0.02682 37.2797 0.14682 6.8109 33.9202 4.9803
16 6.1304 0.1631 0.02339 42.7533 0.14339 6.9740 36.3670 5.2147
17 6.8660 0.1456 0.02046 48.8837 0.14046 7.1196 38.6973 5.4353
18 7.6900 0.1300 0.01794 55.7497 0.13794 7.2497 40.9080 5.6427
19 8.6128 0.1161 0.01576 63.4397 0.13576 7.3658 42.9979 5.8375
20 9.6463 0.1037 0.01388 72.0524 0.13388 7.4694 44.9676 6.0202
21 10.8038 0.0926 0.01224 81.6987 0.13224 7.5620 46.8188 6.1913
22 12.1003 0.0826 0.01081 92.5026 0.13081 7.6446 48.5543 6.3514
23 13.5523 0.0738 0.00956 104.6029 0.12956 7.7184 50.1776 6.5010
24 15.1786 0.0659 0.00846 118.1552 0.12846 7.7843 51.6929 6.6406
25 17.0001 0.0588 0.00750 133.3339 0.12750 7.8431 53.1046 6.7708
26 19.0401 0.0525 0.00665 150.3339 0.12665 7.8957 54.4177 6.8921
27 21.3249 0.0469 0.00590 169.3740 0.12590 7.9426 55.6369 7.0049
28 23.8839 0.0419 0.00524 190.6989 0.12524 7.9844 56.7674 7.1098
29 26.7499 0.0374 0.00466 214.5828 0.12466 8.0218 57.8141 7.2071
30 29.9599 0.0334 0.00414 241.3327 0.12414 8.0552 58.7821 7.2974
31 33.5551 0.0298 0.00369 271.2926 0.12369 8.0850 59.6761 7.3811
32 37.5817 0.0266 0.00328 304.8477 0.12328 8.1116 60.5010 7.4586
33 42.0915 0.0238 0.00292 342.4294 0.12292 8.1354 61.2612 7.5302
34 47.1425 0.0212 0.00260 384.5210 0.12260 8.1566 61.9612 7.5965
35 52.7996 0.0189 0.00232 431.6635 0.12232 8.1755 62.6052 7.6577
40 93.0510 0.0107 0.00130 767.0914 0.12130 8.2438 65.1159 7.8988
45 163.9876 0.0061 0.0074 1358.23 0.12074 8.2825 66.7342 8.0572
50 289.0022 0.0035 0.00042 2400.02 0.12042 8.3045 67.7624 8.1597
55 509.3206 0.0020 0.00024 4236.01 0.12024 8.3170 68.4082 8.2251
60 897.5969 0.0011 0.00013 7471.64 0.12013 8.3240 68.8100 8.2664
65 1581.87 0.0006 0.00008 13174 0.12008 8.3281 69.0581 8.2922
70 2787.80 0.0004 0.00004 23223 0.12004 8.3303 69.2103 8.3082
75 4913.06 0.0002 0.00002 40934 0.12002 8.3316 69.3031 8.3181
80 8658.48 0.0001 0.00001 72146 0.12001 8.3324 69.3594 8.3241
85 15259 0.0001 0.00001 0.12001 8.3328 69.3935 8.3278