Versión de HTML Básico
Luis Chavez-Bedoya
Analítika, Revista de análisis estadístico, (2016), Vol. 11
106
Tabla 26
:
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 se asume 100% (no interrupciones),
δ
= 1
,
00 % 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
96.9 112.2 100.0 43.3 100.1 0.43
96.9 112.2 100.0 43.3 100.1 0.43
96.9 112.2 100.0 43.3 100.1 0.43
7
95.4 110.5 100.0 63.8 123.5 0.52
95.0 110.0 100.0 70.4 120.7 0.58
95.7 110.9 100.0 50.8 116.9 0.43
9
93.8 108.6 100.0 81.3 135.6 0.60
93.2 108.0 100.0 85.9 123.1 0.70
94.6 109.5 100.0 57.2 130.9 0.44
11
92.3 106.9 100.0 93.3 142.6 0.65
91.8 106.3 100.0 95.2 124.9 0.76
93.4 108.2 100.0 62.8 142.9 0.44
13
91.0 105.4 100.0 102.3 147.9 0.69
90.5 104.8 100.0 101.6 126.8 0.80
92.3 106.9 100.0 67.8 153.5 0.44
15
89.7 103.9 100.0 109.5 152.3 0.72
89.2 103.3 100.0 106.1 128.1 0.83
91.2 105.6 100.0 72.4 163.0 0.44
17
88.5 102.5 100.0 115.4 155.9 0.74
87.9 101.8 100.0 109.3 128.8 0.85
90.1 104.3 100.0 76.6 171.5 0.45
19
87.3 101.1 100.0 120.3 158.8 0.76
86.7 100.3 100.0 111.4 128.8 0.87
89.0 103.1 100.0 80.5 179.3 0.45
21
86.1 99.7 100.0 124.4 161.2 0.77
85.4 98.9 100.0 112.7 128.3 0.88
87.9 101.8 100.0 84.2 186.4 0.45
23
84.9 98.3 100.0 127.9 163.0 0.78
84.1 97.4 100.0 113.3 127.3 0.89
86.9 100.6 100.0 87.6 192.9 0.45
25
83.7 97.0 100.0 130.8 164.4 0.80
82.8 95.9 100.0 113.4 125.9 0.90
85.8 99.4 100.0 90.8 198.9 0.46
27
82.6 95.6 100.0 133.3 165.4 0.81
81.5 94.4 100.0 113.0 124.1 0.91
84.8 98.2 100.0 93.8 204.5 0.46
29
81.4 94.3 100.0 135.3 166.0 0.82
80.3 93.0 100.0 112.2 122.1 0.92
83.8 97.0 100.0 96.7 209.6 0.46
31
80.2 92.9 100.0 137.0 166.3 0.82
79.0 91.5 100.0 111.1 119.9 0.93
82.8 95.8 100.0 99.5 214.4 0.46
33
79.1 91.6 100.0 138.3 166.3 0.83
77.7 90.0 100.0 109.7 117.5 0.93
81.7 94.7 100.0 102.1 218.9 0.47
35
77.9 90.3 100.0 139.4 166.0 0.84
76.5 88.5 100.0 108.1 115.0 0.94
80.7 93.5 100.0 104.6 223.1 0.47
37
76.8 88.9 100.0 140.2 165.6 0.85
75.2 87.1 100.0 106.4 112.4 0.95
79.8 92.4 100.0 107.0 227.0 0.47
39
75.7 87.6 100.0 140.8 164.9 0.85
74.0 85.6 100.0 104.5 109.7 0.95
78.8 91.2 100.0 109.2 230.6 0.47
41
74.6 86.4 100.0 141.2 164.1 0.86
72.7 84.2 100.0 102.6 107.0 0.96
77.9 90.2 100.0 111.4 233.9 0.48
43
73.5 85.1 100.0 141.4 163.2 0.87
71.5 82.8 100.0 100.6 104.4 0.96
76.9 89.1 100.0 113.4 237.0 0.48
45
72.4 83.9 100.0 141.4 162.1 0.87
70.3 81.5 100.0 98.6 101.8 0.97
76.0 88.1 100.0 115.4 239.8 0.48
Fuente:
Elaboraci´on propia
63