7/24/2019 Caso 1 vf

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Periodos

Aos de estudios universitarios (AEU) 5aos

Periodo de gracia (PG) 1 ao

Perodo de repago (PR) 240 meses

Aos a an!amiento de es"uema (A#) 0 aos

Tasas

$asa de inter%s e&ectiva mensua ($E' 1) 00*

$asa de inter%s e&ectiva anua ($EA 1) 1000*

$asa de inter%s e&ectiva mensua ($E' 2) 11+*

$asa de inter%s e&ectiva anua ($EA 2) 15*

$asa de in,aci-n esperada anua (./#AE) 00*

$asa de in,aci-n por eperiencia 2+*

$asa de in,aci-n por eperiencia a cuadrado 300*

Estado IES

Garanta mima 4500* 000*

Garanta mnima 2000* 2500*

ostos operativos 000*

IR

UITs ganadas % efectivo

+ 000*

2+ 1500*

54 2100*

55 000*

6aor de U.$ 50000

Aumento de U.$s 000*

COK 11.00% 10.00%

$asa mnima de ganancia de &ondo 52* 540*

Pensi-n anua de re&erencia 117000 soes

Pensi-n semestra de re&erencia 57500 soes

.ntereses a pagar durante os Aos de estudios 81 0

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Ao 1 (p1) 400*

Ao 2 (p2) 400*

Ao (p) 400*

Ao 4 (p4) 400*

Ao 5 (p5) 400*

Proai&idad de deserci'n condiciona& est*di

Ao 1 (d1) 400*

Ao 2 (d2) 4*

Ao (d) 9:*

Ao 4 (d4) 54*

Ao 5 (d5) 40*

Proai&idad tota& 1."%

Pro;a;iidad de de&aut promedio inicia 9*

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9+7:2 :1+ +:9 121

9+7++0 :1+ +:4 12

9+7949 :1+ +: 124

9+7520 :1+ +:1 125

9+7: :1+ +:0 12+

#,2$ :1+ +: 12

9+715 :1+ ++ 10

9+700 :1+ +5 11

997+0 :1+ +4 1

997+9 :1+ +2 15

997900 :1+ +1 19

997492 :1+ ++: 1

9972 :1+ ++ 1:

99712 :1+ ++9 141

9970: :1+ ++4 14

957:5 :1+ ++ 144

957+4: :1+ ++1 149

$,02 :1+ +9: 14

957452 :1+ +9 14:

95701 :1+ +99 151

95714 :1+ +94 15

947::4 :1+ +92 155

947+ :1+ +90 159

9479+: :1+ +5: 15

94751: :1+ +5+

190

7/24/2019 Caso 1 vf

32/210

9475+ :1+ +55 192

9471: :1+ +5 194

94702+ :1+ +51 199

975: :1+ +4: 19

!,9 :1+ +4+ 1+0

9751 :1+ +45 1+2

9744 :1+ +4 1+4

9719 :1+ +41 1+9

927::0 :1+ +: 1+

92710 :1+ ++ 10

92792 :1+ +5 12

927444 :1+ + 14

92725 :1+ +1 19

92709: :1+ +2 1

917+: :1+ +29 1:1

91799 :1+ +24 1:

1,"90 :1+ +22 1:5

9172: :1+ +1: 1:+

9170: :1+ +1+ 200

907:1 :1+ +15 202

9079+ :1+ +12 204

90740 :1+ +10 20+

9072+0 :1+ +0 20:

90705: :1+ +05 212

5:744 :1+ +0 214

5:792 :1+ +00 21+

5:740 :1+ 9: 21:

5:71+ :1+ 9:5 222

$,92 :1+ 9:2

224

7/24/2019 Caso 1 vf

33/210

57+5 :1+ 9:0 22+

57505 :1+ 9+ 20

572+ :1+ 95 22

570 :1+ 92 25

5+700 :1+ 9+: 2

5+755: :1+ 9+9 241

5+719 :1+ 9+ 24

5+70+0 :1+ 9+1 249

59721 :1+ 99 24:

59759 :1+ 995 252

5971 :1+ 992 255

$,0$$ :1+ 95: 25

557+:4 :1+ 959 291

55750 :1+ 95 294

55729 :1+ 950 29+

547:: :1+ 94+ 2+0

547+1: :1+ 94 2+

547442 :1+ 940 2++

54719 :1+ 9+ 20

57+: :1+ 94 2

575: :1+ 90 2+

570 :1+ 92+ 2:0

57010 :1+ 924 2:

$2,#1! :1+ 920 2:+

52741 :1+ 91+ 00

52710: :1+ 91 04

51702 :1+ 910 0+

5174:1 :1+ 909 11

5171++ :1+ 902

14

7/24/2019 Caso 1 vf

34/210

5075: :1+ 5:: 1

5075+ :1+ 5:5 22

507211 :1+ 5:1 29

4:72 :1+ 5+ 2:

4:754 :1+ 54

4:7211 :1+ 50 +

",#0 :1+ 5+9 41

47525 :1+ 5+2 45

471+9 :1+ 59 4:

4+722 :1+ 594 5

4+7495 :1+ 590 5+

4+7104 :1+ 555 92

497+ :1+ 551 99

4979 :1+ 54+ +0

457:: :1+ 54 +4

457914 :1+ 5 +:

45721 :1+ 54

44744 :1+ 52:

"","$1 :1+ 525 :2

447054 :1+ 520 :+

4795 :1+ 515 401

4724+ :1+ 511 409

4279 :1+ 509 411

427420 :1+ 501 419

427000 :1+ 4:9 421

4175+4 :1+ 4:1 429

417144 :1+ 49 40

407+0 :1+ 41 49

40729+ :1+ 4+9

441

7/24/2019 Caso 1 vf

35/210

:722 :1+ 4+1 449

!9,!#1 :1+ 499 451

7:14 :1+ 491 459

745 :1+ 455 492

+7:9 :1+ 450 49+

+751 :1+ 444 4+2

+705 :1+ 4: 4+

97552 :1+ 4 44

9709 :1+ 42 4:

5759 :1+ 422 4:5

5709+ :1+ 419 501

47590 :1+ 410 50+

4704 :1+ 404 51

!!,$29 :1+ : 51:

7004 :1+ :2 525

274+4 :1+ 9 51

17:+ :1+ 0 5+

17:4 :1+ +4 54

0744 :1+ 9+ 550

072 :1+ 91 559

2:7+25 :1+ 54 59

2:7159 :1+ 4 59:

2750 :1+ 41 5+9

2+7:: :1+ 4 5

2+740: :1+ 2 5:

2,12 :1+ 21 5:9

29720: :1+ 14 90

2575:: :1+ 0+ 910

247:2 :1+ 00

91+

7/24/2019 Caso 1 vf

36/210

2475+ :1+ 2:2 925

27+25 :1+ 25 92

2709 :1+ 2+ 9:

2274: :1+ 2+0 94+

217+4 :1+ 29 954

217122 :1+ 255 992

20745 :1+ 24+ 9+0

1:7++5 :1+ 2: 9+

19,090 :1+ 21 99

17:9 :1+ 22 9:4

1+79:4 :1+ 215 +02

197:4 :1+ 20+ +10

197299 :1+ 1:: +1

157540 :1+ 1:0 +2+

14705 :1+ 12 +5

147091 :1+ 1+ +44

170 :1+ 195 +52

12754+ :1+ 159 +91

117+++ :1+ 14+ ++0

107:: :1+ 1 ++:

10,210 :1+ 12: +

:7412 :1+ 11: +:+

7909 :1+ 110 0+

+7+: :1+ 101 19

97:94 :1+ :1 29

9712 :1+ 1 5

572 :1+ +2 45

4742 :1+ 92 55

759 :1+ 52

95

7/24/2019 Caso 1 vf

37/210

279 :1+ 42 +5

1702 :1+ 1 5

:09 :1+ 21 :9

0 :1+ 11 :09

7/24/2019 Caso 1 vf

38/210

Estudios Universitarios Quintil 3 de Ingresos

Desembolso del banco

Mes 0 5,500

Ao 1

Mes 1 5,444 44

Mes 2 5,387 43

Mes 3 5,330 43

Mes 5,273 43

Mes 5 5,215 42

Mes ! 5,500 5,156 42Mes " 10,641 85

Mes # 10,626 85

Mes $ 10,611 85

Mes 10 10,596 85

Mes 11 10,580 84

Mes 12 5,500 10,5! 84

Ao 2

Mes 1 16,092 128

Mes 2 16,121 128

Mes 3 16,149 129

Mes 16,178 129

Mes 5 16,207 129

Mes ! 5,500 16,236 129

Mes " 21,810 173

Mes # 21,884 174

Mes $ 21,958 175

Mes 10 22,033 175

Mes 11 22,109 176

Mes 12 5,500 22,1#5 176

Mes 1 27,806 221

Mes 2 27,928 222

Mes 3 28,050 223

Mes 28,174 224

Mes 5 28,299 225Mes ! 5,500 28,424 226

%aldo de ladeuda

Interesesgenerados

Aos de

7/24/2019 Caso 1 vf

39/210

Mes " 34,095 271

Mes # 34,267 272

Mes $ 34,440 273

Mes 10 34,615 275

Mes 11 34,791 276

Mes 12 5,500 3,$!# 277

Ao

Mes 1 40,691 323

Mes 2 40,915 324

Mes 3 41,142 326

Mes 41,370 328

Mes 5 41,600 330

Mes ! 5,500 41,831 332

Mes " 47,609 377

Mes # 47,888 380

Mes $ 48,170 382

Mes 10 48,454 384

Mes 11 48,741 386

Mes 12 5,500 $,02$ 389

Ao 5

Mes 1 54,864 435

Mes 2 55,202 437

Mes 3 55,542 440

Mes 55,885 443

Mes 5 56,230 446

Mes ! 5,500 56,579 448

Mes " 62,474 495

Mes # 62,872 498

Mes $ 63,273 501

Mes 10 63,678 505

Mes 11 64,086 508

Mes 12 !,$" 511

Ao !

Mes 1 64,911 514

Mes 2 65,329 518

Mes 3 65,750 521

Mes 66,174 524

Mes 5 66,602 528

Mes ! 67,033 531

Mes " 67,467 535

Mes # 67,905 538

Mes $ 68,347 541

Mes 10 68,792 545Mes 11 69,240 549

Mes 12 !$,!$2 552

%aldo de la deuda &uota Intereses

Mes 1 69,639 869 815

Mes 2 69,585 869 815

Mes 3 69,531 869 814

Mes 69,475 869 814

estudios

'eriodo degracia

7/24/2019 Caso 1 vf

40/210

Ao "

Mes 5 69,420 869 813

Mes ! 69,363 869 812

Mes " 69,306 869 812

Mes # 69,248 869 811

Mes $ 69,190 869 810

Mes 10 69,131 869 810

Mes 11 69,071 869 809

Mes 12 !$,010 869 808

Ao #

Mes 1 68,949 869 807

Mes 2 68,887 869 807

Mes 3 68,824 869 806

Mes 68,761 869 805

Mes 5 68,697 869 805

Mes ! 68,632 869 804

Mes " 68,566 869 803

Mes # 68,500 869 802

Mes $ 68,433 869 801

Mes 10 68,365 869 801

Mes 11 68,296 869 800

Mes 12 !#,22! 869 799

Ao $

Mes 1 68,156 869 798

Mes 2 68,085 869 797

Mes 3 68,013 869 797

Mes 67,940 869 796

Mes 5 67,866 869 795

Mes ! 67,791 869 794

Mes " 67,716 869 793

Mes # 67,639 869 792

Mes $ 67,562 869 791

7/24/2019 Caso 1 vf

41/210

Mes 10 67,484 869 790

Mes 11 67,405 869 790

Mes 12 !",325 869 789

Ao 10

Mes 1 67,244 869 788

Mes 2 67,162 869 787

Mes 3 67,079 869 786

Mes 66,995 869 785

Mes 5 66,910 869 784

Mes ! 66,824 869 783

Mes " 66,738 869 782

Mes # 66,650 869 781

Mes $ 66,561 869 780

Mes 10 66,471 869 779

Mes 11 66,380 869 778

Mes 12 !!,2## 869 777

Ao 11

Mes 1 66,195 869 776

Mes 2 66,101 869 774

Mes 3 66,006 869 773

Mes 65,909 869 772

Mes 5 65,812 869 771

Mes ! 65,713 869 770

Mes " 65,613 869 769

Mes # 65,512 869 768

Mes $ 65,410 869 766

Mes 10 65,307 869 765

Mes 11 65,202 869 764

Mes 12 !5,0$! 869 763

Mes 1 64,989 869 762

Mes 2 64,881 869 760

7/24/2019 Caso 1 vf

42/210

Ao 12

Mes 3 64,771 869 759

Mes 64,661 869 758

Mes 5 64,548 869 757

Mes ! 64,435 869 755

Mes " 64,320 869 754

Mes # 64,204 869 753

Mes $ 64,087 869 751

Mes 10 63,968 869 750

Mes 11 63,847 869 748

Mes 12 !3,"2! 869 747

Ao 13

Mes 1 63,603 869 746

Mes 2 63,478 869 744

Mes 3 63,352 869 743

Mes 63,225 869 741

Mes 5 63,096 869 740

Mes ! 62,965 869 738

Mes " 62,833 869 737

Mes # 62,700 869 735

Mes $ 62,565 869 734

Mes 10 62,428 869 732

Mes 11 62,290 869 730

Mes 12 !2,150 869 729

Ao 1

Mes 1 62,009 869 727

Mes 2 61,865 869 726

Mes 3 61,721 869 724

Mes 61,574 869 722

Mes 5 61,426 869 720

Mes ! 61,276 869 719

Mes " 61,124 869 717

7/24/2019 Caso 1 vf

43/210

Mes # 60,971 869 715

Mes $ 60,815 869 713

Mes 10 60,658 869 712

Mes 11 60,499 869 710

Mes 12 !0,33# 869 708

Ao 15

Mes 1 60,176 869 706

Mes 2 60,011 869 704

Mes 3 59,845 869 702

Mes 59,676 869 700

Mes 5 59,506 869 698

Mes ! 59,333 869 696

Mes " 59,159 869 694

Mes # 58,982 869 692

Mes $ 58,804 869 690

Mes 10 58,623 869 688

Mes 11 58,440 869 686

Mes 12 5#,255 869 684

Ao 1!

Mes 1 58,068 869 682

Mes 2 57,879 869 679

Mes 3 57,687 869 677

Mes 57,494 869 675

Mes 5 57,298 869 673

Mes ! 57,099 869 670

Mes " 56,899 869 668

Mes # 56,696 869 666

Mes $ 56,491 869 663

Mes 10 56,283 869 661

Mes 11 56,073 869 659

Mes 12 55,#!0 869 656

'eriodo de

7/24/2019 Caso 1 vf

44/210

Ao 1"

Mes 1 55,645 869 654

Mes 2 55,427 869 651

Mes 3 55,207 869 649

Mes 54,984 869 646

Mes 5 54,759 869 643

Mes ! 54,531 869 641

Mes " 54,300 869 638

Mes # 54,067 869 635

Mes $ 53,831 869 633

Mes 10 53,592 869 630

Mes 11 53,351 869 627

Mes 12 53,10! 869 624

Ao 1#

Mes 1 52,859 869 621

Mes 2 52,609 869 618

Mes 3 52,355 869 616

Mes 52,099 869 613

Mes 5 51,840 869 610

Mes ! 51,578 869 607

Mes " 51,313 869 603

Mes # 51,045 869 600

Mes $ 50,773 869 597

Mes 10 50,499 869 594

Mes 11 50,221 869 591

Mes 12 $,$0 869 588

Mes 1 49,655 869 584

Mes 2 49,368 869 581

Mes 3 49,077 869 578

Mes 48,782 869 574

Mes 5 48,484 869 571

re(ago

7/24/2019 Caso 1 vf

45/210

Ao 1$Mes ! 48,183 869 567

Mes " 47,878 869 564

Mes # 47,569 869 560

Mes $ 47,257 869 557

Mes 10 46,941 869 553

Mes 11 46,622 869 549

Mes 12 !,2$$ 869 545

Ao 20

Mes 1 45,972 869 542

Mes 2 45,641 869 538

Mes 3 45,306 869 534

Mes 44,968 869 530

Mes 5 44,625 869 526

Mes ! 44,279 869 522

Mes " 43,928 869 518

Mes # 43,573 869 514

Mes $ 43,215 869 510

Mes 10 42,852 869 506

Mes 11 42,484 869 501

Mes 12 2,113 869 497

Ao 21

Mes 1 41,737 869 493

Mes 2 41,356 869 488

Mes 3 40,972 869 484

Mes 40,582 869 479

Mes 5 40,188 869 475

Mes ! 39,790 869 470

Mes " 39,387 869 466

Mes # 38,979 869 461

Mes $ 38,566 869 456

Mes 10 38,149 869 451

7/24/2019 Caso 1 vf

46/210

Mes 11 37,727 869 446

Mes 12 3",2$$ 869 441

Ao 22

Mes 1 36,867 869 436

Mes 2 36,430 869 431

Mes 3 35,987 869 426

Mes 35,540 869 421

Mes 5 35,087 869 416

Mes ! 34,629 869 411

Mes " 34,165 869 405

Mes # 33,696 869 400

Mes $ 33,222 869 394

Mes 10 32,742 869 389

Mes 11 32,256 869 383

Mes 12 31,"!5 869 377

Ao 23

Mes 1 31,268 869 372

Mes 2 30,765 869 366

Mes 3 30,256 869 360

Mes 29,742 869 354

Mes 5 29,221 869 348

Mes ! 28,694 869 342

Mes " 28,161 869 336

Mes # 27,622 869 329

Mes $ 27,077 869 323

Mes 10 26,525 869 317

Mes 11 25,967 869 310

Mes 12 25,02 869 304

Mes 1 24,830 869 297

Mes 2 24,252 869 291

Mes 3 23,667 869 284

7/24/2019 Caso 1 vf

47/210

Ao 2

Mes 23,075 869 277

Mes 5 22,477 869 270

Mes ! 21,871 869 263

Mes " 21,258 869 256

Mes # 20,638 869 249

Mes $ 20,011 869 241

Mes 10 19,377 869 234

Mes 11 18,735 869 227

Mes 12 1#,0#5 869 219

Ao 25

Mes 1 17,428 869 212

Mes 2 16,763 869 204

Mes 3 16,091 869 196

Mes 15,410 869 188

Mes 5 14,722 869 180

Mes ! 14,026 869 172

Mes " 13,321 869 164

Mes # 12,608 869 156

Mes $ 11,887 869 148

Mes 10 11,158 869 139

Mes 11 10,419 869 131

Mes 12 $,!"3 869 122

Ao 2!

Mes 1 8,917 869 113

Mes 2 8,153 869 104

Mes 3 7,380 869 95

Mes 6,597 869 86

Mes 5 5,806 869 77

Mes ! 5,005 869 68

Mes " 4,195 869 59

Mes # 3,375 869 49

7/24/2019 Caso 1 vf

48/210

Mes $ 2,546 869 39

Mes 10 1,707 869 30

Mes 11 859 869 20

Mes 12 0 869 10

7/24/2019 Caso 1 vf

49/210

Intereses (agados

100

100

100

100

100

100100

100

100

100

100

100

100

100

100

100

100

100

100

100

100

100

100

100

100

100

100

100

100100

7/24/2019 Caso 1 vf

50/210

100

100

100

100

100

100

100

100

100

100

100

100

100

100

100

100

100

100100

100

100

100

100

100

100

100

100

100

100

100

100

100

100

100

100

100

100

100

100

100100

100

Amorti)aci*n

53

54

55

55

7/24/2019 Caso 1 vf

51/210

56

56

57

58

58

59

60

61

61

62

63

63

64

65

66

66

67

68

69

70

70

71

72

73

74

75

76

76

77

7/24/2019 Caso 1 vf

52/210

78

79

80

81

82

83

84

85

86

87

88

89

90

91

92

93

94

95

96

98

99

100

101

102

103

105

106

107

108

7/24/2019 Caso 1 vf

53/210

110

111

112

113

115

116

117

119

120

122

123

125

126

127

129

130

132

134

135

137

138

140

142

143

145

147

148

150

152

7/24/2019 Caso 1 vf

54/210

154

155

157

159

161

163

165

167

168

170

172

174

177

179

181

183

185

187

189

191

194

196

198

201

203

205

208

210

213

7/24/2019 Caso 1 vf

55/210

215

218

220

223

225

228

231

233

236

239

242

244

247

250

253

256

259

262

265

268

271

275

278

281

284

288

291

294

298

7/24/2019 Caso 1 vf

56/210

301

305

308

312

316

319

323

327

331

335

339

343

347

351

355

359

363

367

372

376

380

385

389

394

398

403

408

413

417

7/24/2019 Caso 1 vf

57/210

422

427

432

437

442

448

453

458

464

469

474

480

486

491

497

503

509

515

521

527

533

539

545

552

558

565

571

578

585

7/24/2019 Caso 1 vf

58/210

592

599

606

613

620

627

635

642

649

657

665

673

680

688

696

705

713

721

730

738

747

755

764

773

782

791

801

810

820

7/24/2019 Caso 1 vf

59/210

829

839

849

859

7/24/2019 Caso 1 vf

60/210

Caso - 1/ Un (rogra+a de crdito ed*cativo (ara e& Pe

74- de &as fa+i&ias

4&*+nos Universitarios *inti& 1

Conce(to4EU

0 1 2 !

=ado de a deuda 57500 197:42 2:752: 47+4

Pago de deuda 90 90 90

.ngreso con superior competa 0 0 0 0

>educci-n tri;utaria 0 0 0 0

.ngreso con superior deducido de 0 0 0 0

.ngreso con secundaria competa 0 7410 792 :72

>i&erencia de ingreso 0 37410 3792 3:72

8&*o de Caa 0 :,##0 :9,222 :9,

74- 8a+i&ia 1$9,"

4&*+nos Universitarios *inti& 2

7/24/2019 Caso 1 vf

61/210

Conce(to4EU

0 1 2 !

=ado de a deuda 57500 197599 27+: 42712:

Pago de deuda +20 +20 +20

.ngreso con superior competa 0 0 0 0

>educci-n tri;utaria 0 0 0 0

.ngreso con superior deducido de 0 0 0 0

.ngreso con secundaria competa 0 7410 792 :72

>i&erencia de ingreso 0 37410 3792 3:72

8&*o de Caa 0 :9,1!0 :9,$2 :10,0"

74- 8a+i&ia 10,!2

4&*+nos Universitarios *inti& !

Conce(to4EU

0 1 2 !

=ado de a deuda 57500 197094 2+795 40749

Pago de deuda 17200 17200 17200

.ngreso con superior competa 0 0 0 0

>educci-n tri;utaria 0 0 0 0

.ngreso con superior deducido de 0 0 0 0

.ngreso con secundaria competa 0 7410 792 :72

7/24/2019 Caso 1 vf

62/210

>i&erencia de ingreso 0 37410 3792 3:72

8&*o de Caa 0 :9,10 :10,02 :10,$2

74- 8a+i&ia 11,0#"

7/24/2019 Caso 1 vf

63/210

P;

" $ # 9 10

5790 9:759 +97495 +57+1+ +475+ +79 +27+0

90 90 90 1174+ 1174+ 1174+ 1174+

0 0 417+5 447005 4971+ 479:5 51714

0 0 275: 27:29 72+ 792: 7::5

0 0 :71+0 4170+: 47045 457095 4+71:

:70+ 1072: 10701 11715 11740 127+5 127:1

3:70+ 31072: 279 2:7+94 17205 279:0 47220

:10,1# :10,$ 2,00 1,!2 19,## 21,2$! 22,#!

7/24/2019 Caso 1 vf

64/210

P;

" $ # 9 10

5975+ 9+755: +759 +274 +27015 +17094 9:7:9:

+20 +20 +20 11700 11700 11700 11700

0 0 417+5 447005 4971+ 479:5 51714

0 0 275: 27:29 72+ 792: 7::5

0 0 :71+0 4170+: 47045 457095 4+71:

:70+ 1072: 10701 11715 11740 127+5 127:1

3:70+ 31072: 279 2:7+94 17205 279:0 47220

:10,$2# :11,01 2#," 1,#1 20,202 21, 2!,21#

P;

" $ # 9 10

54752: 9474:+ 9:79:2 9:7010 97229 9+725 9972

17200 17200 17200 107424 107424 107424 107424

0 0 417+5 447005 4971+ 479:5 51714

0 0 275: 27:29 72+ 792: 7::5

0 0 :71+0 4170+: 47045 457095 4+71:

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475+9 721 27114 171+ 07101 2794 2+7441

31792 31745 31711+ 3:9 3170+9 3172 31742

::0 90 0 0 0 0 0

:!! :#1$ :1" :9! :1,0# :1,2! :1,"2!

202$.0 19$".#1 19#.! 1$1."0 11".$" 1#$1.90 1#9.#

53,632 56,185 58,792 61,446 64,145 66,883 69,655

13,470 14,028 14,592 15,161 15,734 16,309 16,884

39,393 40,743 42,346 44,225 46,132 48,065 50,021

2724 274+ 279++ 27:5: 7245 755 72

0 0 0 0 0 0 0

2,2!" 2,"!# 2,## 2,9$9 !,2"$ !,$!$ !,2

",9! $,10 $,! $,#" ,1! ,$2" ,9!1

7/24/2019 Caso 1 vf

108/210

11 12 1! 1" 1$ 1 1#

97+11 9+7295 957902 979: 9174:0 57:92 597055

+500* +500* +500* +500* +500* +500* +500*

9455* 9+* 92+:* 92+:* 92+:* 92+:* 92+:*

11* 11* 05* 000* 000* 000* 000*

447:4 4279+4 41724 407055 794 +710 572:5

72:5 27009 07:9 07042 2:701 2+71 2974+1

31755 3172:0 3170+0 3:4 31702 31712 31790

:52 909 2:1 0 0 0 0

:0 :! :## :9" :1,02 :1,12 :1,!0

19$0.$# 12.!# 12#."" 1#!.$2 1#"."2 1.$ 119.#"

53,632 56,185 58,792 61,446 64,145 66,883 69,655

13,470 14,028 14,592 15,161 15,734 16,309 16,884

39,393 40,743 42,346 44,225 46,132 48,065 50,021

2724 274+ 279++ 27:5: 7245 755 72

0 0 0 0 0 0 0

2,2!" 2,"!# 2,## 2,9$9 !,2"$ !,$!$ !,2

",#90 $,002 $,2! $,!# ,022 ,"0 ,0#

7/24/2019 Caso 1 vf

109/210

11 12 1! 1" 1$ 1 1#

9570:9 97+29 927150 907 57255 55790 57109

+500* +500* +500* +500* +500* +500* +500*

9455* 9+* 92+:* 92+:* 92+:* 92+:* 92+:*

11* 11* 05* 000* 000* 000* 000*

42701 407 :7029 +7 9750 570+9 74+

1751 072+ 2:729: 27419 2+745 2970+ 257010

3174+: 317229 31701 35 3:1 31712 3172:+

:02 5+4 2+9 0 0 0 0

:$## :$1 :#"2 :$! :91 :1,12 :1,29#

1".! 1#1.$# 1#29.!0 1#."1 1$!.2 1$9.#2 1$!1.0#

53,632 56,185 58,792 61,446 64,145 66,883 69,655

13,470 14,028 14,592 15,161 15,734 16,309 16,884

39,393 40,743 42,346 44,225 46,132 48,065 50,021

2724 274+ 279++ 27:5: 7245 755 72

0 0 0 0 0 0 0

2,2!" 2,"!# 2,## 2,9$9 !,2"$ !,$!$ !,2

",$# ",9 $,1" $,"99 $,0 ,20 ,$

7/24/2019 Caso 1 vf

110/210

7/24/2019 Caso 1 vf

111/210

1 19 20 21 22 2! 2"

547+: 507+: 497205 407:24 4752 2+7+0 1:74

+500* +500* +500* +500* +500* +500* +500*

92+:* 92+:* 92+:* 92+:* 92+:* 92+:* 92+:*

000* 000* 000* 000* 000* 000* 000*

47409 17: 2:7014 2579:+ 2175 1+7501 127490

25705 27:2 217+90 1:72+ 19741 17125 :745

31799 3171 32719 3274+ 32790 372 37+1

0 0 0 0 0 0 0

:1,! :1,1 :2,1! :2,"# :2,0 :!,2 :!,#1

1$9#.0$ 1$01.2 1!92.!! 12."" 1121.9 9$$.2 #!.90

72,457 75,282 78,124 80,978 83,836 86,692 89,539

17,459 18,033 18,603 19,168 19,727 20,277 20,819

51,994 53,981 55,978 57,980 59,983 61,981 63,970

47124 47422 47+22 57022 5722 57922 57:21

0 0 0 0 0 0 0

",12" ","22 ",#22 $,022 $,!22 $,22 $,921

#,!$# #,0$ ,2## ,## 9,!0" 9,$ 10,"$

7/24/2019 Caso 1 vf

112/210

1 19 20 21 22 2! 2"

527+1 47+0 447451 :7+1 752: 29712 1:70:0

+500* +500* +500* +500* +500* +500* +500*

92+:* 92+:* 92+:* 92+:* 92+:* 92+:* 92+:*

000* 000* 000* 000* 000* 000* 000*

7210 0714 2705 247:0 21724+ 1+705 127242

247:0 27110 217044 1799+ 157:5 127+:4 :711

31759 317+:+ 32709+ 327+9 327+2 37142 37912

0 0 0 0 0 0 0

:1,$! :1,#9# :2,0# :2,!# :2,#!2 :!,1"2 :!,12

1$"0.1 1""9.! 1!"$.02 122".#" 10."" 92#."2 #"".$9

72,457 75,282 78,124 80,978 83,836 86,692 89,539

17,459 18,033 18,603 19,168 19,727 20,277 20,819

51,994 53,981 55,978 57,980 59,983 61,981 63,970

47124 47422 47+22 57022 5722 57922 57:21

0 0 0 0 0 0 0

",12" ","22 ",#22 $,022 $,!22 $,22 $,921

#,22 #,9 ,1!! ,2! 9,1"1 9,91 10,2##

7/24/2019 Caso 1 vf

113/210

1 19 20 21 22 2! 2"

4:7:40 4972:: 42711 +72:: 17+95 257402 1705

+500* +500* +500* +500* +500* +500* +500*

92+:* 92+:* 92+:* 92+:* 92+:* 92+:* 92+:*

000* 000* 000* 000* 000* 000* 000*

175 2:70+2 297444 27421 1:7:49 157:50 11759

2751: 21704 1:7 1+7599 147:90 117:9 751+

3174:1 317+15 317:+1 32729+ 327909 327::+ 37449

0 0 0 0 0 0 0

:1,"91 :1,#1$ :1,9#1 :2,2# :2,0 :2,99# :!,""

1"$$.$9 1!.0 129.01 11$".2# 1022.!" #0.$ 9.2"

72,457 75,282 78,124 80,978 83,836 86,692 89,539

17,459 18,033 18,603 19,168 19,727 20,277 20,819

51,994 53,981 55,978 57,980 59,983 61,981 63,970

47124 47422 47+22 57022 5722 57922 57:21

0 0 0 0 0 0 0

",12" ","22 ",#22 $,022 $,!22 $,22 $,921

#,0#1 #,$0 #,92 ,""! ,9$1 9,"90 10,02

7/24/2019 Caso 1 vf

114/210

7/24/2019 Caso 1 vf

115/210

PR

2$ 2 2# 2 29 !0 !1

10791 0 0 0 0 0 0

+500* +500*

92+:* 92+:*

000* 000*

97994 0 0 0 0 0 0

47:: 0 0 0 0 0 0

3474+ 347:: 0 0 0 0 0

0 0 0 0 0 0 0

:",!"# :",99 0 0 0 0 0

$"!.# 290. 0.00 0.00 0.00 0.00 0.00

92,369 95,175 97,949 100,684 103,372 106,004 108,574

21,349 21,866 22,369 22,857 23,327 23,778 24,208

65,944 67,899 69,828 71,727 73,589 75,410 77,184

9721+ 97510 97+:: +704 +79 +79+ +7:0

0 0 0 0 0 0 0

,21# ,$10 ,#99 #,0" #,!! #,!# #,90!

11,10# 11,#99 ,#99 #,0" #,!! #,!# #,90!

7/24/2019 Caso 1 vf

116/210

PR

2$ 2 2# 2 29 !0 !1

107210 0 0 0 0 0 0

+500* +500*

92+:* 92+:*

000* 000*

97+04 + 0 0 0 0 0

5702 25 0 0 0 0 0

34715 347++5 0 0 0 0 0

0 0 0 0 0 0 0

:",1$! :",##$ 0 0 0 0 0

$!".! 292.$ 0.00 0.00 0.00 0.00 0.00

92,369 95,175 97,949 100,684 103,372 106,004 108,574

21,349 21,866 22,369 22,857 23,327 23,778 24,208

65,944 67,899 69,828 71,727 73,589 75,410 77,184

9721+ 97510 97+:: +704 +79 +79+ +7:0

0 0 0 0 0 0 0

,21# ,$10 ,#99 #,0" #,!! #,!# #,90!

10,90" 11,$# ,#99 #,0" #,!! #,!# #,90!

7/24/2019 Caso 1 vf

117/210

PR

2$ 2 2# 2 29 !0 !1

:79+ 0 0 0 0 0 0

+500* +500*

92+:* 92+:*

000* 000*

970+4 0 0 0 0 0 0

47555 0 0 0 0 0 0

37:92 347555 0 0 0 0 0

0 0 0 0 0 0 0

:!,92 :",$$$ 0 0 0 0 0

"9$.#0 2$.12 0.00 0.00 0.00 0.00 0.00

92,369 95,175 97,949 100,684 103,372 106,004 108,574

21,349 21,866 22,369 22,857 23,327 23,778 24,208

65,944 67,899 69,828 71,727 73,589 75,410 77,184

9721+ 97510 97+:: +704 +79 +79+ +7:0

0 0 0 0 0 0 0

,21# ,$10 ,#99 #,0" #,!! #,!# #,90!

10,#" 11,!!0 ,#99 #,0" #,!! #,!# #,90!

7/24/2019 Caso 1 vf

118/210

7/24/2019 Caso 1 vf

119/210

!2 !! !" !$ ! !# !

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0.00 0.00 0.00 0.00 0.00 0.00 0.00

111,072 113,492 115,825 118,065 120,203 122,232 124,146

24,617 25,002 25,363 25,698 26,006 26,286 26,537

78,905 80,567 82,167 83,698 85,155 86,533 87,829

7191 7410 7950 70 :70: :705 :74::

0 0 0 0 0 0 0

,11 ,"10 ,$0 ,0 9,09 9,!0$ 9,"99

,11 ,"10 ,$0 ,0 9,09 9,!0$ 9,"99

7/24/2019 Caso 1 vf

120/210

!2 !! !" !$ ! !# !

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0.00 0.00 0.00 0.00 0.00 0.00 0.00

111,072 113,492 115,825 118,065 120,203 122,232 124,146

24,617 25,002 25,363 25,698 26,006 26,286 26,537

78,905 80,567 82,167 83,698 85,155 86,533 87,829

7191 7410 7950 70 :70: :705 :74::

0 0 0 0 0 0 0

,11 ,"10 ,$0 ,0 9,09 9,!0$ 9,"99

,11 ,"10 ,$0 ,0 9,09 9,!0$ 9,"99

7/24/2019 Caso 1 vf

121/210

!2 !! !" !$ ! !# !

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0.00 0.00 0.00 0.00 0.00 0.00 0.00

111,072 113,492 115,825 118,065 120,203 122,232 124,146

24,617 25,002 25,363 25,698 26,006 26,286 26,537

78,905 80,567 82,167 83,698 85,155 86,533 87,829

7191 7410 7950 70 :70: :705 :74::

0 0 0 0 0 0 0

,11 ,"10 ,$0 ,0 9,09 9,!0$ 9,"99

,11 ,"10 ,$0 ,0 9,09 9,!0$ 9,"99

7/24/2019 Caso 1 vf

122/210

7/24/2019 Caso 1 vf

123/210

!9 "0 "1 "2 "! "" "$

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0.00 0.00 0.00 0.00 0.00 0.00 0.00

125,938 127,602 129,132 130,522 131,767 132,863 133,806

26,758 26,948 27,106 27,232 27,326 27,386 27,414

89,036 90,151 91,171 92,090 92,907 93,618 94,220

:790 :74 107001 1071: 107291 1079 10745

0 0 0 0 0 0 0

9,0 9," 10,001 10,1!9 10,21 10,! 10,"$

9,0 9," 10,001 10,1!9 10,21 10,! 10,"$

7/24/2019 Caso 1 vf

124/210

!9 "0 "1 "2 "! "" "$

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0.00 0.00 0.00 0.00 0.00 0.00 0.00

125,938 127,602 129,132 130,522 131,767 132,863 133,806

26,758 26,948 27,106 27,232 27,326 27,386 27,414

89,036 90,151 91,171 92,090 92,907 93,618 94,220

:790 :74 107001 1071: 107291 1079 10745

0 0 0 0 0 0 0

9,0 9," 10,001 10,1!9 10,21 10,! 10,"$

9,0 9," 10,001 10,1!9 10,21 10,! 10,"$

7/24/2019 Caso 1 vf

125/210

!9 "0 "1 "2 "! "" "$

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0.00 0.00 0.00 0.00 0.00 0.00 0.00

125,938 127,602 129,132 130,522 131,767 132,863 133,806

26,758 26,948 27,106 27,232 27,326 27,386 27,414

89,036 90,151 91,171 92,090 92,907 93,618 94,220

:790 :74 107001 1071: 107291 1079 10745

0 0 0 0 0 0 0

9,0 9," 10,001 10,1!9 10,21 10,! 10,"$

9,0 9," 10,001 10,1!9 10,21 10,! 10,"$

7/24/2019 Caso 1 vf

126/210

7/24/2019 Caso 1 vf

127/210

" "# "

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0.00 0.00 0.00

134,592 135,219 135,683

27,407 27,368 27,295

94,712 95,090 95,355

7:+9 7:9 740

0 0 0

!!,9# !!,9 !!,"0

!!,9# !!,9 !!,"0

7/24/2019 Caso 1 vf

128/210

" "# "

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0.00 0.00 0.00

134,592 135,219 135,683

27,407 27,368 27,295

94,712 95,090 95,355

7:+9 7:9 740

0 0 0

!!,9# !!,9 !!,"0

!!,9# !!,9 !!,"0

7/24/2019 Caso 1 vf

129/210

" "# "

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0.00 0.00 0.00

134,592 135,219 135,683

27,407 27,368 27,295

94,712 95,090 95,355

7:+9 7:9 740

0 0 0

!!,9# !!,9 !!,"0

!!,9# !!,9 !!,"0

7/24/2019 Caso 1 vf

130/210

7/24/2019 Caso 1 vf

131/210

Caso - 1/ Un (rogra+a de crdito ed*cativo (ara e&

Res(*estas.:

Preg*nta 4 A B

Est*dios Universitarios 1

2.0"%

uota

7/24/2019 Caso 1 vf

132/210

20* 3117+::5

25* 31279++:+

0* 31274022

5* 3117+205

40* 3107:215

45* 310712409

50* 3:7+554

55* 379:244

90* 370++45

95* 3+752+2

+0* 3+7092:

+5* 3975:22

0* 397209:1

5* 35759+0

:0* 35754254

:5* 35725::9

100* 3570050:

74- 5E 4 IES

COK 1

141

0* 1715+

5* 5750

10* 141

7/24/2019 Caso 1 vf

133/210

15* 32724910

20* 37440+0

25* 347021

0* 347441:0

5* 3479442+

40* 347+545

45* 347021

50* 3472910

55* 34720:

90* 34700:5

95* 347++19

+0* 347+5+5

+5* 3479:95+

0* 3479554+

5* 347915:

:0* 3475+1+2

:5* 3475042

100* 3474:00

74- 5E 4 843II4

COK 1

15:795

0* BBB

5* 4:575::59

7/24/2019 Caso 1 vf

134/210

10* 15:795

15* 9170124

20* 2474512

25* +751044

0* 31702+

5* 3575+:1+

40* 37050:2

45* 3:7941

50* 3107019:

55* 310729+1+

90* 31072+99

95* 31071409

+0* 3:7:1+1

+5* 3:79452:

0* 3:7499+

5* 3:70+0:

:0* 37+292

:5* 374202

100* 37122:

7/24/2019 Caso 1 vf

135/210

7/24/2019 Caso 1 vf

136/210

Per

Est*dios Universitarios 2 Est*dios Universi

29.29%

uota

7/24/2019 Caso 1 vf

137/210

20* 31172942 20* 310752:91

25* 31271:49 25* 3117595

0* 3117:+45+ 0* 3117:544

5* 311744 5* 3107912

40* 31075:02 40* 310714500

45* 3:722 45* 3:744051

50* 3:711+4: 50* 37++159

55* 37490 55* 3715942

90* 3+7+0 90* 3+75::5

95* 3+7441: 95* 3+70::

+0* 397+159 +0* 3979515

+5* 39744: +5* 3972504:

0* 3970+1: 0* 357:15

5* 357++9 5* 35759:5+

:0* 357401 :0* 357201+

:5* 357159: :5* 35701:41

100* 347:102 100* 347+

COK 2 COK !

9: +2229

0* 1+7:50:0 0* 1+7942:

5* 574::2 5* 579+90:

10* 9: 10* +2229

7/24/2019 Caso 1 vf

138/210

15* 317:9:29 15* 31790045

20* 3719::4 20* 3270:10

25* 37250 25* 374:50

0* 347209+9 0* 37:2

5* 347421 5* 3471::9

40* 3475591 40* 3472:190

45* 347925:9 45* 3472:

50* 3479542 50* 347444

55* 3479994 55* 3474901+

90* 3479501 90* 34749+4

95* 3479:0 95* 3474920

+0* 347912+2 +0* 347449

+5* 3475202 +5* 34742:2

0* 347545+ 0* 34740904

5* 3475192 5* 34702

:0* 3474+04 :0* 34751

:5* 34744245 :5* 347251+

100* 34740+2: 100* 3472:9:9

COK 2 COK !

1907210 19170+5

0* BBB 0* BBB

5* 4:+70: 5* 5007+599

7/24/2019 Caso 1 vf

139/210

10* 1907210 10* 19170+5

15* 91791+1 15* 91799

20* 27:9: 20* 2719+:

25* 97:+: 25* 970129

0* 317919 0* 327552+1

5* 397241 5* 3+7105+

40* 379+41 40* 3:75909

45* 3:7:+5: 45* 3107+:219

50* 31075:+59 50* 3117+19+

55* 31071+90 55* 311755150

90* 3107+:++: 90* 31174:291

95* 31079: 95* 31172:199

+0* 3107510 +0* 31170014

+5* 310704 +5* 31079+:2+

0* 3:7+9+4 0* 310725+

5* 3:74+1 5* 3:7:+0:5

:0* 3:710+4+ :0* 3:79150

:5* 37+: :5* 3:729:+

100* 374+04 100* 37::4

7/24/2019 Caso 1 vf

140/210

7/24/2019 Caso 1 vf

141/210

tarios !

29.0%

9:

29.12%

790

+22

19170+4

(r5 1 (r5 2 (r5

275+4 70:24

0* 117204+ 0* 117++2: 0*

5* 170914 5* 175:+2: 5*

10* 3700+ 10* 3275494 10*

15* 3971010 15* 357+155 15*

7/24/2019 Caso 1 vf

142/210

7/24/2019 Caso 1 vf

143/210

15* 317420 15* 31719420 15*

20* 3179+045 20* 31741202 20*

25* 3179:+21 25* 31744: 25*

0* 31755449 0* 3171::1 0*

5* 3172221 5* 31709401 5*

40* 3:140 40* 3+14+0 40*

45* 3412 45* 300 45*

50* 354 50* 1554 50*

55* 4:1+ 55* 94+ 55*

90* ::55 90* 17112: 90*

95* 174:42 95* 175:11 95*

+0* 17:+1+ +0* 2709422 +0*

+5* 2744141 +5* 275109 +5*

0* 27029 0* 27:95 0*

5* 72:2:1 5* 7151 5*

:0* 79+:11 :0* 7+0:2 :0*

:5* 470:+ :5* 47051+0 :5*

100* 47+95 100* 47+95 100*

Tasas 1

1$9,!.$! $% % 11% 1"% 1#% 20%

0% 1+9745 1+9745 1+9745 1+9745 1+9745 1+9745

7/24/2019 Caso 1 vf

144/210

!% 1+2715 1+2715 1+2715 1+2715 1+2715 1+2715

% 19+71: 19+71: 19+71: 19+71: 19+71: 19+71:

9% 19171+ 19171+ 19171+ 19171+ 19171+ 19171+

12% 1557+99 1557+99 1557+99 1557+99 1557+99 1557+99

1$% 14:7120 14:7120 14:7120 14:7120 14:7120 14:7120

1% 14170 14170 14170 14170 14170 14170

21% 1745 1745 1745 1745 1745 1745

2"% 125710: 125710: 125710: 125710: 125710: 125710:

2#% 1157595 1157595 1157595 1157595 1157595 1157595

!0% 1057150 1057150 1057150 1057150 1057150 1057150

!!% :700 :700 :700 :700 :700 :700

!% 17449 17449 17449 17449 17449 17449

!9% 97015 97015 97015 97015 97015 97015

"2% 5742: 5742: 5742: 5742: 5742: 5742:

"$% +790: +790: +790: +790: +790: +790:

"% 20749: 20749: 20749: 20749: 20749: 20749:

$1% 17:1: 17:1: 17:1: 17:1: 17:1: 17:1:

$"% 31714 31714 31714 31714 31714 31714

$#% 3:7+:0 3:7+:0 3:7+:0 3:7+:0 3:7+:0 3:7+:0

0% 397152 397152 397152 397152 397152 397152

!% 372: 372: 372: 372: 372: 372:

% 3115745 3115745 3115745 3115745 3115745 3115745

9% 314475: 314475: 314475: 314475: 314475: 314475:

#2% 31+57:19 31+57:19 31+57:19 31+57:19 31+57:19 31+57:19

#$% 320:754+ 320:754+ 320:754+ 320:754+ 320:754+ 320:754+

7/24/2019 Caso 1 vf

145/210

#% 3245791+ 3245791+ 3245791+ 3245791+ 3245791+ 3245791+

1% 32472+0 32472+0 32472+0 32472+0 32472+0 32472+0

"% 325795 325795 325795 325795 325795 325795

#% 39:7:22 39:7:22 39:7:22 39:7:22 39:7:22 39:7:22

90% 341+72 341+72 341+72 341+72 341+72 341+72

9!% 349+7++0 349+7++0 349+7++0 349+7++0 349+7++0 349+7++0

9% 352179:2 352179:2 352179:2 352179:2 352179:2 352179:2

99% 35+:71+ 35+:71+ 35+:71+ 35+:71+ 35+:71+ 35+:71+

102% 39407445 39407445 39407445 39407445 39407445 39407445

7/24/2019 Caso 1 vf

146/210

! (r-P 1 (r-P 2

79041 275+4 70:24

12794044 0* 1+70+50 0* 1+74+41

27+: 5* 5795:41 5* 9715:0

317:449+ 10* 327+990 10* 317+:029

35719591 15* 3+7+2+:+ 15* 3+709+1

7/24/2019 Caso 1 vf

147/210

3979010+ 20* BBB 20* BBB

397:9+: 25* BBB 25* BBB

39711: 0* BBB 0* BBB

3979+15 5* BBB 5* BBB

357+4+ 40* BBB 40* BBB

3571559 45* BBB 45* BBB

34755:1 50* BBB 50* BBB

37:5499 55* BBB 55* BBB

3742592 90* BBB 90* BBB

327:545+ 95* BBB 95* BBB

32754104 +0* BBB +0* BBB

3271219 +5* BBB +5* BBB

317+14 0* BBB 0* BBB

317909 5* BBB 5* BBB

3171:5 :0* BBB :0* BBB

317112 :5* BBB :5* BBB

3170214+ 100* BBB 100* BBB

! (r-P 1 (r-P 2

+2229 141 9:

17+01 0* 172+::1 0* 17492

515+5 5* 9402 5* 90+50

305+ 10* 34252: 10* 31514

7/24/2019 Caso 1 vf

148/210

31299 15* 317102:9 15* 30+

31709+91 20* 3179252 20* 317914

3171100 25* 3271+922 25* 31790

31700+2+ 0* 3275:50+ 0* 3272:25

3++1 5* 327:4: 5* 3275+:+

344+:4 40* 372490 40* 3279924

35:10 45* 374:94 45* 37109:

+059 50* 37+04+ 50* 3709:2

2240 55* 37+1 55* 374++

172155 90* 34702221 90* 3791222

17+955 95* 3471412 95* 37+290

271+:5 +0* 3472:+: +0* 37215

27902:2 +5* 347211 +5* 37::4

70045 0* 3475 0* 37:949

72:: 5* 34744490 5* 347015+

7++01 :0* 3474:144 :0* 347099

4709+99 :5* 34750:4 :5* 3471019

47+95 100* 34759492 100* 3471404

2!% 2% 29% !2% !$% !% "1% ""%

1+9745 1+9745 1+9745 1+9745 1+9745 1+9745 1+9745 1+9745

7/24/2019 Caso 1 vf

149/210

1+2715 1+2715 1+2715 1+2715 1+2715 1+2715 1+2715 1+2715

19+71: 19+71: 19+71: 19+71: 19+71: 19+71: 19+71: 19+71:

19171+ 19171+ 19171+ 19171+ 19171+ 19171+ 19171+ 19171+

1557+99 1557+99 1557+99 1557+99 1557+99 1557+99 1557+99 1557+99

14:7120 14:7120 14:7120 14:7120 14:7120 14:7120 14:7120 14:7120

14170 14170 14170 14170 14170 14170 14170 14170

1745 1745 1745 1745 1745 1745 1745 1745

125710: 125710: 125710: 125710: 125710: 125710: 125710: 125710:

1157595 1157595 1157595 1157595 1157595 1157595 1157595 1157595

1057150 1057150 1057150 1057150 1057150 1057150 1057150 1057150

:700 :700 :700 :700 :700 :700 :700 :700

17449 17449 17449 17449 17449 17449 17449 17449

97015 97015 97015 97015 97015 97015 97015 97015

5742: 5742: 5742: 5742: 5742: 5742: 5742: 5742:

+790: +790: +790: +790: +790: +790: +790: +790:

20749: 20749: 20749: 20749: 20749: 20749: 20749: 20749:

17:1: 17:1: 17:1: 17:1: 17:1: 17:1: 17:1: 17:1:

31714 31714 31714 31714 31714 31714 31714 31714

3:7+:0 3:7+:0 3:7+:0 3:7+:0 3:7+:0 3:7+:0 3:7+:0 3:7+:0

397152 397152 397152 397152 397152 397152 397152 397152

372: 372: 372: 372: 372: 372: 372: 372:

3115745 3115745 3115745 3115745 3115745 3115745 3115745 3115745

314475: 314475: 314475: 314475: 314475: 314475: 314475: 314475:

31+57:19 31+57:19 31+57:19 31+57:19 31+57:19 31+57:19 31+57:19 31+57:19

320:754+ 320:754+ 320:754+ 320:754+ 320:754+ 320:754+ 320:754+ 320:754+

7/24/2019 Caso 1 vf

150/210

3245791+ 3245791+ 3245791+ 3245791+ 3245791+ 3245791+ 3245791+ 3245791+

32472+0 32472+0 32472+0 32472+0 32472+0 32472+0 32472+0 32472+0

325795 325795 325795 325795 325795 325795 325795 325795

39:7:22 39:7:22 39:7:22 39:7:22 39:7:22 39:7:22 39:7:22 39:7:22

341+72 341+72 341+72 341+72 341+72 341+72 341+72 341+72

349+7++0 349+7++0 349+7++0 349+7++0 349+7++0 349+7++0 349+7++0 349+7++0

352179:2 352179:2 352179:2 352179:2 352179:2 352179:2 352179:2 352179:2

35+:71+ 35+:71+ 35+:71+ 35+:71+ 35+:71+ 35+:71+ 35+:71+ 35+:71+

39407445 39407445 39407445 39407445 39407445 39407445 39407445 39407445

7/24/2019 Caso 1 vf

151/210

(r-P !

79041

0* 170+0

5* 97:125

10* 3:54:9

15* 3971405

7/24/2019 Caso 1 vf

152/210

20* BBB

25* BBB

0* BBB

5* BBB

40* BBB

45* BBB

50* BBB

55* BBB

90* BBB

95* BBB

+0* BBB

+5* BBB

0* BBB

5* BBB

:0* BBB

:5* BBB

100* BBB

(r-P !

+2229

0* 17+99

5* :1+2

10* 21241

7/24/2019 Caso 1 vf

153/210

15* 34051+

20* 3:4

25* 31725

0* 317+94:+

5* 3270+4:

40* 3275:1

45* 3275940

50* 327++99

55* 327:444

90* 370955

95* 371+41

+0* 3729+

+5* 3705

0* 37::4

5* 374505

:0* 374:22

:5* 3752:22

100* 3755::2

"#% $0% $!% $% $9% 2% $% %

1+9745 1+9745 1+9745 1+9745 1+9745 1+9745 1+9745 1+9745

7/24/2019 Caso 1 vf

154/210

1+2715 1+2715 1+2715 1+2715 1+2715 1+2715 1+2715 1+2715

19+71: 19+71: 19+71: 19+71: 19+71: 19+71: 19+71: 19+71:

19171+ 19171+ 19171+ 19171+ 19171+ 19171+ 19171+ 19171+

1557+99 1557+99 1557+99 1557+99 1557+99 1557+99 1557+99 1557+99

14:7120 14:7120 14:7120 14:7120 14:7120 14:7120 14:7120 14:7120

14170 14170 14170 14170 14170 14170 14170 14170

1745 1745 1745 1745 1745 1745 1745 1745

125710: 125710: 125710: 125710: 125710: 125710: 125710: 125710:

1157595 1157595 1157595 1157595 1157595 1157595 1157595 1157595

1057150 1057150 1057150 1057150 1057150 1057150 1057150 1057150

:700 :700 :700 :700 :700 :700 :700 :700

17449 17449 17449 17449 17449 17449 17449 17449

97015 97015 97015 97015 97015 97015 97015 97015

5742: 5742: 5742: 5742: 5742: 5742: 5742: 5742:

+790: +790: +790: +790: +790: +790: +790: +790:

20749: 20749: 20749: 20749: 20749: 20749: 20749: 20749:

17:1: 17:1: 17:1: 17:1: 17:1: 17:1: 17:1: 17:1:

31714 31714 31714 31714 31714 31714 31714 31714

3:7+:0 3:7+:0 3:7+:0 3:7+:0 3:7+:0 3:7+:0 3:7+:0 3:7+:0

397152 397152 397152 397152 397152 397152 397152 397152

372: 372: 372: 372: 372: 372: 372: 372:

3115745 3115745 3115745 3115745 3115745 3115745 3115745 3115745

314475: 314475: 314475: 314475: 314475: 314475: 314475: 314475:

31+57:19 31+57:19 31+57:19 31+57:19 31+57:19 31+57:19 31+57:19 31+57:19

320:754+ 320:754+ 320:754+ 320:754+ 320:754+ 320:754+ 320:754+ 320:754+

7/24/2019 Caso 1 vf

155/210

3245791+ 3245791+ 3245791+ 3245791+ 3245791+ 3245791+ 3245791+ 3245791+

32472+0 32472+0 32472+0 32472+0 32472+0 32472+0 32472+0 32472+0

325795 325795 325795 325795 325795 325795 325795 325795

39:7:22 39:7:22 39:7:22 39:7:22 39:7:22 39:7:22 39:7:22 39:7:22

341+72 341+72 341+72 341+72 341+72 341+72 341+72 341+72

349+7++0 349+7++0 349+7++0 349+7++0 349+7++0 349+7++0 349+7++0 349+7++0

352179:2 352179:2 352179:2 352179:2 352179:2 352179:2 352179:2 352179:2

35+:71+ 35+:71+ 35+:71+ 35+:71+ 35+:71+ 35+:71+ 35+:71+ 35+:71+

39407445 39407445 39407445 39407445 39407445 39407445 39407445 39407445

7/24/2019 Caso 1 vf

156/210

7/24/2019 Caso 1 vf

157/210

7/24/2019 Caso 1 vf

158/210

#1% #"% ##% 0% !% % 9% 92%

1+9745 1+9745 1+9745 1+9745 1+9745 1+9745 1+9745 1+9745

7/24/2019 Caso 1 vf

159/210

1+2715 1+2715 1+2715 1+2715 1+2715 1+2715 1+2715 1+2715

19+71: 19+71: 19+71: 19+71: 19+71: 19+71: 19+71: 19+71:

19171+ 19171+ 19171+ 19171+ 19171+ 19171+ 19171+ 19171+

1557+99 1557+99 1557+99 1557+99 1557+99 1557+99 1557+99 1557+99

14:7120 14:7120 14:7120 14:7120 14:7120 14:7120 14:7120 14:7120

14170 14170 14170 14170 14170 14170 14170 14170

1745 1745 1745 1745 1745 1745 1745 1745

125710: 125710: 125710: 125710: 125710: 125710: 125710: 125710:

1157595 1157595 1157595 1157595 1157595 1157595 1157595 1157595

1057150 1057150 1057150 1057150 1057150 1057150 1057150 1057150

:700 :700 :700 :700 :700 :700 :700 :700

17449 17449 17449 17449 17449 17449 17449 17449

97015 97015 97015 97015 97015 97015 97015 97015

5742: 5742: 5742: 5742: 5742: 5742: 5742: 5742:

+790: +790: +790: +790: +790: +790: +790: +790:

20749: 20749: 20749: 20749: 20749: 20749: 20749: 20749:

17:1: 17:1: 17:1: 17:1: 17:1: 17:1: 17:1: 17:1:

31714 31714 31714 31714 31714 31714 31714 31714

3:7+:0 3:7+:0 3:7+:0 3:7+:0 3:7+:0 3:7+:0 3:7+:0 3:7+:0

397152 397152 397152 397152 397152 397152 397152 397152

372: 372: 372: 372: 372: 372: 372: 372:

3115745 3115745 3115745 3115745 3115745 3115745 3115745 3115745

314475: 314475: 314475: 314475: 314475: 314475: 314475: 314475:

31+57:19 31+57:19 31+57:19 31+57:19 31+57:19 31+57:19 31+57:19 31+57:19

320:754+ 320:754+ 320:754+ 320:754+ 320:754+ 320:754+ 320:754+ 320:754+

7/24/2019 Caso 1 vf

160/210

3245791+ 3245791+ 3245791+ 3245791+ 3245791+ 3245791+ 3245791+ 3245791+

32472+0 32472+0 32472+0 32472+0 32472+0 32472+0 32472+0 32472+0

325795 325795 32