VN 1000 Tiempo 0

TN 8% K
Pl 10 Interes
Pago Capital 1 500 Cupon
Pago Capital 2 500
VP Cupon 80 en año 0
VP Cupon 40 en año 5
en año 0
VP Pago Capital 1 en año 0
VP Pago Capital 2 en año 0
 1 2 3 4 5 6 7 8
500
80 80 80 80 80 40 40 40
80 80 80 80 580 40 40 40
Año 0
Bs319.42
Bs159.71
Bs108.69
Bs340.29
Bs231.60
Precio Bs1,000.00

Precio 1,000.00
9 10
500
40 40
40 540
 ANA PEDRO
Sueldo Actual Bs8,000.00 Bs8,000.00
Consumo Bs4,000.00 Bs12,000.00
Deficit/Superavit Bs4,000.00 -Bs4,000.00
PRESTAMO A 1 AÑO
Ahorro/Prestamo -Bs4,000.00 Bs4,000.00
Flujo Final Bs4,400.00 -Bs4,400.00

Tasa de Interes 10%

Datos
Saldo Actual Bs8,000.00
Interes 9.00%
Plazo (Años) 3.00

Plazo 0 1 2
Capital -Bs8,000.00
Interes Bs720.00 Bs720.00
Saldo -Bs8,000.00 Bs8,720.00 Bs9,440.00

Plazo 0 1 2
Capital -Bs8,000.00
Interes Bs720.00 Bs784.80
Saldo -Bs8,000.00 Bs8,720.00 Bs9,504.80
 Datos Datos
Saldo Actual Bs8,000.00 Saldo Actual
Interes 9.00% Interes
Frecuencia 1.00 Frecuencia
Plazo (Años) 3.00 Plazo (Años)
Valor Final Bs10,360.23 Valor Final

𝑽𝑭=𝑽𝑷 ∗ 〖 (𝟏+𝒊) 〗 ^𝒏

Datos Datos
Saldo Actual -Bs1,000.00 Saldo Actual
Interes 4.00% Interes
Frecuencia 1.00 Frecuencia
Plazo (Años) 3.00 Plazo (Años)
Valor Final Bs1,124.86 Valor Final

Datos Datos
Saldo Actual Bs1,295.76 Saldo Actual
Interes 5.00% Interes
Frecuencia 1.00 Frecuencia
Plazo (Años) 3.00 Plazo (Años)
Valor Final Bs1,500.00 Valor Final

Datos Vencida Datos

Sueldo Bs10,000.00 Sueldo
Retencion AFP Bs1,250.00 Retencion AFP
Interes 3.00% Interes
Frecuencia 12.00 Frecuencia
Plazo (Años) 20.00 Plazo (Años)
Valor Final Bs410,377.50 Valor Final

Datos
Valor Nominal Bs10,000.00
Cupon% 5%
Rendimiento % 8.00%
Frecuencia 2.00
Plazo (Años) 4.00
Valor Final Bs8,990.09

Datos
Valor Nominal Bs1,000.00
Dividendo 7.5%
Rendimiento % 8.00%
Dividendo Bs Bs75.00
Precio Bs Bs937.50

Datos
Dividendo Anterior Bs100.00
Crecimiento Div% 5%
Dividendo Proximo Bs105.00
Rendimiento % 7.00% CAPM
Precio Bs Bs5,250.00

Datos Año
Valor Deuda Bs2,200,000 0
Tasa 7.5% 1
Plazo (años) 10.00 2
Metodo Aleman 3
Cuota Variable 4
5
6
Cuota= K+I 7
8
Pago K= 9
10
𝑲/𝒏

Datos Año
Valor Deuda Bs2,200,000 0
Tasa 7.5% 1
Plazo (años) 10.00 2
Metodo Frances 3
Cuota Bs320,509.04 4
5
 6
7
8
9
10

Datos Mes
Valor Deuda Bs1,000,000 Dic
Tasa 7.0% Ene
Plazo (años) 10.00 Feb
Metodo Otro Mar
Cuota Variable Abr
Ventas Anual Bs8,000,000 May
Jun
Jul
Ago
Sep
Oct
Nov
Dic
Total
 Datos Semestre
Serie BNB-E1U-19
Monto USD 24,900,000 0
Tasa 3.3% 1
Fecha Emision 11/25/2019 1 2
Plazo (Dias) 2,880 3
Fecha Vencimiento 10/14/2027 2 4
5
3 6
7
4 8
9
5 10
11
6 12
13
7 14
15
8 16
 Tasa Interes 10.00% 20.00%

Presente Futuro Presente Futuro

Bs8,000.00 Bs0.00 Bs8,000.00 Bs0.00
Bs7,500.00 Bs550.00 Bs7,500.00 Bs600.00
Bs7,000.00 Bs1,100.00 Bs7,000.00 Bs1,200.00
Bs6,500.00 Bs1,650.00 Bs6,500.00 Bs1,800.00
Bs6,000.00 Bs2,200.00 Bs6,000.00 Bs2,400.00
Bs5,500.00 Bs2,750.00 Bs5,500.00 Bs3,000.00
Bs5,000.00 Bs3,300.00 Bs5,000.00 Bs3,600.00
Bs4,500.00 Bs3,850.00 Bs4,500.00 Bs4,200.00
Bs4,000.00 Bs4,400.00 Bs4,000.00 Bs4,800.00
Bs3,500.00 Bs4,950.00 Bs3,500.00 Bs5,400.00
Bs3,000.00 Bs5,500.00 Bs3,000.00 Bs6,000.00
Bs2,500.00 Bs6,050.00 Bs2,500.00 Bs6,600.00
Bs2,000.00 Bs6,600.00 Bs2,000.00 Bs7,200.00
Bs1,500.00 Bs7,150.00 Bs1,500.00 Bs7,800.00
Bs1,000.00 Bs7,700.00 Bs1,000.00 Bs8,400.00
Bs500.00 Bs8,250.00 Bs500.00 Bs9,000.00
Bs0.00 Bs8,800.00 Bs0.00 Bs9,600.00

Chart Title
Bs11,000.00

Bs10,500.00

Bs10,000.00
3
Bs8,000.00 Bs9,500.00

Bs720.00 Bs9,000.00
Bs10,160.00
Bs8,500.00

Bs8,000.00

3 Bs7,500.00
1 2 3
Bs8,000.00
Bs855.43 I. Simple I. Compuesto
Bs10,360.23
 Datos Datos
Bs8,000.00 Saldo Actual Bs8,000.00 Saldo Actual
9.00% Interes 9.00% Interes
2.00 Frecuencia 4.00 Frecuencia
3.00 Plazo (Años) 3.00 Plazo (Años)
Bs10,418.08 Valor Final Bs10,448.40 Valor Final

Tasa
Datos VP
Bs1,000.00 Saldo Actual Bs1,000.00 Bs1,000.00
4.00% Interes 4.00% Bs1,000.00
2.00 Frecuencia 2.00 Bs1,000.00
3.00 Plazo (Años) 3.00 Bs1,000.00
Bs1,126.16 Valor Final Bs1,126.16 Bs1,000.00

Datos
Bs1,293.45 Saldo Actual Bs1,292.26 I
5.00% Interes 5.00%
2.00 Frecuencia 4.00
3.00 Plazo (Años) 3.00
1
Bs1,500.00 Valor Final Bs1,500.00
1

Anticipada
Bs10,000.00
Bs1,250.00
3.00%
12.00
20.00
Bs411,403.44
 P
Perpetuidad Creciente
P
105
………
VP=𝟏𝟎𝟓/
((𝟕%−𝟓%))

Precio

Bs2,200,000

Saldo Capital Interes Cuota

Bs2,200,000 Bs0 Bs0 Bs0
Bs1,980,000 Bs220,000 Bs165,000 Bs385,000 0
Bs1,760,000 Bs220,000 Bs148,500 Bs368,500
Bs1,540,000 Bs220,000 Bs132,000 Bs352,000 Cuota
Bs1,320,000 Bs220,000 Bs115,500 Bs335,500 k
Bs1,100,000 Bs220,000 Bs99,000 Bs319,000 I
Bs880,000 Bs220,000 Bs82,500 Bs302,500
Bs660,000 Bs220,000 Bs66,000 Bs286,000
Bs440,000 Bs220,000 Bs49,500 Bs269,500
Bs220,000 Bs220,000 Bs33,000 Bs253,000
Bs0 Bs220,000 Bs16,500 Bs236,500

Saldo Capital Interes Cuota Bs2,200,000

Bs2,200,000 Bs0 Bs0 Bs0
Bs2,044,491 Bs155,509 Bs165,000 Bs320,509
Bs1,877,319 Bs167,172 Bs153,337 Bs320,509
Bs1,697,609 Bs179,710 Bs140,799 Bs320,509 0
Bs1,504,420 Bs193,188 Bs127,321 Bs320,509
Bs1,296,743 Bs207,678 Bs112,832 Bs320,509 Cuota
Bs1,073,489 Bs223,253 Bs97,256 Bs320,509
Bs833,492 Bs239,997 Bs80,512 Bs320,509
Bs575,495 Bs257,997 Bs62,512 Bs320,509
Bs298,148 Bs277,347 Bs43,162 Bs320,509
Bs0 Bs298,148 Bs22,361 Bs320,509

Factor
Ciclcico Saldo Capital Interes Cupon Venta
0 Bs1,000,000 Bs0 Bs0 Bs0 Bs0
12% Bs880,000 Bs120,000 Bs5,833 Bs125,833 Bs960,000
15% Bs730,000 Bs150,000 Bs5,133 Bs155,133 Bs1,200,000
18% Bs550,000 Bs180,000 Bs4,258 Bs184,258 Bs1,440,000
10% Bs450,000 Bs100,000 Bs3,208 Bs103,208 Bs800,000
5% Bs400,000 Bs50,000 Bs2,625 Bs52,625 Bs400,000
3% Bs370,000 Bs30,000 Bs2,333 Bs32,333 Bs240,000
2% Bs350,000 Bs20,000 Bs2,158 Bs22,158 Bs160,000
2% Bs330,000 Bs20,000 Bs2,042 Bs22,042 Bs160,000
3% Bs300,000 Bs30,000 Bs1,925 Bs31,925 Bs240,000
8% Bs220,000 Bs80,000 Bs1,750 Bs81,750 Bs640,000
10% Bs120,000 Bs100,000 Bs1,283 Bs101,283 Bs800,000
12% Bs0 Bs120,000 Bs700 Bs120,700 Bs960,000
100% Bs1,000,000 Bs33,250 Bs1,033,250 Bs8,000,000

Chart Title
Bs1,600,000
Bs1,400,000
Bs1,200,000
Bs1,000,000
Bs800,000
Bs600,000
Bs400,000
Bs200,000
Bs0
Ene Feb Mar Abr May Jun Jul Ago Sep Oct Nov Dic

Cuota Ventas
Fecha Saldo Kapital Interes Cupon
Usd Usd Usd Usd
11/25/2019 24,900,000
5/23/2020 24,900,000 - 410,850 410,850
11/19/2020 24,900,000 - 410,850 410,850
5/18/2021 24,900,000 - 410,850 410,850
11/14/2021 24,900,000 - 410,850 410,850
5/13/2022 24,900,000 - 410,850 410,850
11/9/2022 24,900,000 - 410,850 410,850
5/8/2023 24,900,000 - 410,850 410,850
11/4/2023 24,900,000 - 410,850 410,850
5/2/2024 21,787,500 3,112,500 410,850 3,523,350
10/29/2024 18,675,000 3,112,500 359,494 3,471,994
4/27/2025 15,562,500 3,112,500 308,138 3,420,638
10/24/2025 12,450,000 3,112,500 256,781 3,369,281
4/22/2026 9,337,500 3,112,500 205,425 3,317,925
10/19/2026 6,225,000 3,112,500 154,069 3,266,569
4/17/2027 3,112,500 3,112,500 102,713 3,215,213
10/14/2027 - 3,112,500 51,356 3,163,856
Total 24,900,000 5,135,625 30,035,625
 30.00% 40.00% Consumo Presente vs Consumo Futu
Bs12,000.00
Presente Futuro Presente Futuro
Bs8,000.00 Bs0.00 Bs8,000.00 Bs0.00 Bs10,000.00
Bs7,500.00 Bs650.00 Bs7,500.00 Bs700.00
Bs7,000.00 Bs1,300.00 Bs7,000.00 Bs1,400.00 Bs8,000.00

Bs6,500.00 Bs1,950.00 Bs6,500.00 Bs2,100.00

Futuro
Bs6,000.00
Bs6,000.00 Bs2,600.00 Bs6,000.00 Bs2,800.00
Bs5,500.00 Bs3,250.00 Bs5,500.00 Bs3,500.00 Bs4,000.00
Bs5,000.00 Bs3,900.00 Bs5,000.00 Bs4,200.00
Bs2,000.00
Bs4,500.00 Bs4,550.00 Bs4,500.00 Bs4,900.00
Bs4,000.00 Bs5,200.00 Bs4,000.00 Bs5,600.00 Bs0.00
Bs3,500.00 Bs5,850.00 Bs3,500.00 Bs6,300.00 Bs0.00 Bs2,000.00 Bs4,000.00 Bs6,000.00

Bs3,000.00 Bs6,500.00 Bs3,000.00 Bs7,000.00 Presente

Bs2,500.00 Bs7,150.00 Bs2,500.00 Bs7,700.00
Bs2,000.00 Bs7,800.00 Bs2,000.00 Bs8,400.00
Bs1,500.00 Bs8,450.00 Bs1,500.00 Bs9,100.00
Bs1,000.00 Bs9,100.00 Bs1,000.00 Bs9,800.00
Bs500.00 Bs9,750.00 Bs500.00 Bs10,500.00
Bs0.00 Bs10,400.00 Bs0.00 Bs11,200.00

3
 Datos Datos
Bs8,000.00 Saldo Actual Bs8,000.00 Saldo Actual Bs8,000.00
9.00% Interes 9.00% Interes 9.00%
6.00 Frecuencia 12.00 Frecuencia 360.00
3.00 Plazo (Años) 3.00 Plazo (Años) 3.00
Bs10,458.73 Valor Final Bs10,469.16 Valor Final Bs10,479.36

4.00% n 3
m VF TEA
1 Bs1,124.86 4.00%
2 Bs1,126.16 4.04% 1,126 Bs1,126.16 Bs0.00
4 Bs1,126.83 4.06%
6 Bs1,127.05 4.07%
12 Bs1,127.27 4.07%

I I I+K

1 1

1 2 3
VP=𝟏𝟎𝟓/
((𝟕%−𝟓%))

1 2 3 4 5 6 7

Bs385,000 Bs368,500 Bs352,000 Bs335,500

Bs220,000
Bs165,000

1 2 3 4 5 6 7

Bs320,509 Bs320,509 Bs320,509 Bs320,509

Cuadro 1 Costo de Colocacion
Bolsa Boliviana de Valores S.A. Tarifa % Monto Emitido
Hasta $US 335,000 500
$US 335,001 a $US 3,000,000 0.15% 3,000,000
$US 3,000,001 a $US 5,000,000 0.10% 5,000,000
$US 5,000,001 en adelante 0.08% 16,900,000
24,900,000

Cuadro 3
EDV Tarifa % Monto Emitido
$US 500 0
1a $US 3,000,000 0.01500% 3,000,000
$US 3,000,001 a $US 5,000,000 0.00250% 5,000,000
$US 5,000,001 a $US 10,000,000 0.00600% 10,000,000
$US 10,000,001 a $US en adelante 0.00425% 6,900,000
24,900,000
nsumo Presente vs Consumo Futuro

10.00%
20.00%
30.00%
40.00%

000.00 Bs4,000.00 Bs6,000.00 Bs8,000.00 Bs10,000.00

Presente

150,000
150,000,000
Frecuencias de capitalizacion
1 Anual
2 Semestral
3 Cuatrimestral
4 Trimestral
6 Bimensual
12 Mensual
360 Diaria
oo Continuo
8 9 10

8 9 10
 Mantenimiento de Valores de Deuda y Programas de Emisiones de Valores de Deuda
$US Mantenimiento Anual 1do año Tarifa % Monto Emitido Costo
0 Hasta 835,000 500 0 0.00
4,500 1 3,000,000 0.060% 3,000,000 1,800
5,000 3,000,001 5,000,000 0.040% 5,000,000 2,000
13,520 5,000,001 en adelante 0.032% 16,900,000 5,408
23,020 Total en $US 24,900,000 9,208
Mantenimiento Anual 2er año Tarifa % Monto Emitido Costo
Hasta 1,670,000 500 0.00
Costo $US 1 3,000,000 0.030% 3,000,000 900
3,000,001 5,000,000 0.020% 1,999,999 400
450.00 5,000,001 en adelante 0.016% 19,900,001 3,184
125.00 Total en $US 24,900,000 4,484
600.00 Mantenimiento Anual 3to año y adelante Tarifa % Monto Emitido Costo
293.25 Hasta 3,335,000 500 0.00
1,468 1 5,000,000 0.015% 5,000,000 750.00
5,000,001 en adelante 0.010% 19,900,000 1,990.00
Total en $US 24,900,000 2,740
Mantenimiento Anual 4to año y adelante Tarifa % Monto Emitido Costo
Hasta 3,335,000 500 0.00
5 1 5,000,000 0.015% 5,000,000 750.00
1800 5,000,001 en adelante 0.010% -5,000,000 -500.00
Total en $US 0 250
Mantenimiento Anual 5to año y adelante Tarifa % Monto Emitido Costo
Hasta 3,335,000 500 0 500.00
3,335,001 en adelante 0.010% 0 0.00
Total en $US 0 500.00
1 año

2 año

3 año

4 año

5 año