Versión de HTML Básico
Luis Chavez-Bedoya
Analítika, Revista de análisis estadístico, (2016), Vol. 11
104
Tabla 24
:
Ratios Σ
CS
, Σ
ν
, Σ
NI
,
S
s
y
S
f
(definidos en la Secci´on 3.3.1) en porcentaje ( %) y
S
s
/S
f
para diferentes horizontes
de aportaci´on en a˜nos (
T
) y escenarios de rentabilidad de la Secci´on 3.1.1. Se han considerado el perfil de aportes
M/SU
de
la Tabla 15, la densidad de cotizaci´on de la Tabla 16,
δ
= 0
,
50 % anual y
α
= 0
,
172 (corresponde a un cargo por flujo igual
a 1.58 % del salario bajo una tasa de contribuci´on constante de 10 % de este ´ultimo)
Moderado
(
r
M
= 5
,
00
% real anual)
Agresivo
(
r
A
= 7
,
30
% real anual)
Conservador
(
r
C
= 2
,
20
% real anual)
T
(a˜nos)
Σ
CS
Σ
ν
Σ
NI
S
s
S
f
S
s
/S
f
Σ
CS
Σ
ν
Σ
NI
S
s
S
f
S
s
/S
f
Σ
CS
Σ
ν
Σ
NI
S
s
S
f
S
s
/S
f
5
98.7 114.3 154.0 18.7 26.2 0.72
98.7 114.3 154.0 18.7 26.2 0.72
98.7 114.3 154.0 18.7 26.2 0.72
7
98.1 113.6 107.2 38.8 51.0 0.76
98.0 113.5 95.1 45.0 56.8 0.79
98.2 113.7 115.7 31.7 44.2 0.72
9
97.4 112.8 78.8 63.2 78.9 0.80
97.0 112.4 65.5 73.9 86.9 0.85
97.6 113.1 95.2 44.6 62.1 0.72
11
96.5 111.8 65.1 84.7 102.2 0.83
96.1 111.3 56.0 92.6 104.9 0.88
97.1 112.4 82.8 57.2 79.5 0.72
13
95.7 110.9 58.5 101.2 119.4 0.85
95.3 110.3 52.4 103.6 114.7 0.90
96.5 111.8 74.7 69.2 95.9 0.72
15
95.0 110.0 55.0 113.5 131.6 0.86
94.5 109.5 50.8 110.3 120.2 0.92
95.9 111.1 69.0 80.3 110.9 0.72
17
94.2 109.1 52.9 122.7 140.4 0.87
93.8 108.6 49.9 114.3 123.2 0.93
95.3 110.4 65.0 90.5 124.6 0.73
19
93.5 108.3 51.6 129.6 146.9 0.88
93.1 107.8 49.4 116.7 124.7 0.94
94.7 109.7 62.0 99.8 137.0 0.73
21
92.9 107.6 50.5 135.0 151.7 0.89
92.4 107.0 48.8 117.9 125.2 0.94
94.2 109.0 59.6 108.0 148.0 0.73
23
92.2 106.8 49.6 139.2 155.3 0.90
91.7 106.2 48.2 118.4 124.9 0.95
93.6 108.4 57.6 115.6 157.8 0.73
25
91.6 106.0 48.9 142.5 158.0 0.90
91.0 105.4 47.7 118.2 124.0 0.95
93.0 107.7 56.0 122.5 166.9 0.73
27
90.9 105.3 48.3 145.2 160.0 0.91
90.3 104.6 47.2 117.5 122.7 0.96
92.4 107.0 54.6 128.9 175.0 0.74
29
90.3 104.5 47.8 147.3 161.5 0.91
89.6 103.8 46.8 116.4 121.0 0.96
91.8 106.4 53.4 134.8 182.5 0.74
31
89.6 103.8 47.4 148.9 162.5 0.92
88.9 102.9 46.6 114.9 119.0 0.97
91.3 105.7 52.5 140.4 189.5 0.74
33
88.9 103.0 47.2 150.1 163.0 0.92
88.1 102.1 46.5 113.2 116.7 0.97
90.7 105.0 51.8 145.6 196.1 0.74
35
88.3 102.2 47.0 151.0 163.3 0.92
87.4 101.2 46.4 111.2 114.3 0.97
90.1 104.3 51.2 150.5 202.0 0.74
37
87.6 101.5 46.9 151.5 163.2 0.93
86.7 100.4 46.3 109.1 111.8 0.98
89.5 103.7 50.6 155.0 207.6 0.75
39
87.0 100.7 46.8 151.8 162.8 0.93
85.9 99.5 46.3 106.9 109.2 0.98
89.0 103.0 50.2 159.2 212.6 0.75
41
86.3 99.9 46.7 151.8 162.2 0.94
85.2 98.7 46.3 104.6 106.5 0.98
88.4 102.4 49.8 163.2 217.3 0.75
43
85.6 99.2 46.7 151.6 161.5 0.94
84.5 97.8 46.4 102.3 103.9 0.98
87.9 101.7 49.5 166.9 221.6 0.75
45
85.0 98.4 46.6 151.3 160.6 0.94
83.8 97.0 46.3 100.0 101.3 0.99
87.3 101.1 49.2 170.2 225.5 0.75
Fuente:
Elaboraci´on propia
61