Versión de HTML Básico
Luis Chavez-Bedoya
Analítika, Revista de análisis estadístico, (2016), Vol. 11
64
Tabla 6
:
Ratios
θ
AP
,
θ
LR
,
θ
CS
,
θ
CF
,
θ
ν
y
θ
NI
(definidos en la Secci´on 3.2.1) en porcentaje ( %) 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
= 1
,
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)
θ
AP
θ
LR
θ
CS
θ
CF
θ
ν
θ
NI
θ
AP
θ
LR
θ
CS
θ
CF
θ
ν
θ
NI
θ
AP
θ
LR
θ
CS
θ
CF
θ
ν
θ
NI
5
94.7 95.7 96.3 84.2 111.5 40.1
94.7 95.7 96.3 84.2 111.5 40.1
94.7 95.7 96.3 84.2 111.5 40.1
7
91.4 92.9 94.7 84.2 109.7 42.3
90.3 91.8 94.7 84.2 109.6 42.3
92.5 93.9 94.7 84.2 109.7 42.2
9
87.5 89.3 93.2 84.2 107.9 43.5
84.5 86.2 93.0 84.2 107.7 43.6
90.4 92.3 93.3 84.2 108.0 43.4
11
83.5 85.5 91.7 84.2 106.1 44.3
78.3 80.2 91.4 84.2 105.8 44.5
88.5 90.7 91.9 84.2 106.4 44.2
13
79.4 81.7 90.2 84.2 104.4 45.0
72.1 74.2 89.7 84.2 103.9 45.3
86.6 89.1 90.6 84.2 104.9 44.8
15
75.5 78.0 88.7 84.2 102.7 45.5
66.2 68.4 88.1 84.2 102.0 45.8
84.8 87.6 89.2 84.2 103.3 45.2
17
71.6 74.3 87.2 84.2 101.0 45.9
60.6 62.9 86.4 84.2 100.0 46.2
83.1 86.2 88.0 84.2 101.8 45.6
19
68.0 70.8 85.7 84.2 99.2 46.2
55.3 57.6 84.7 84.2 98.1 46.5
81.4 84.7 86.7 84.2 100.4 45.8
21
64.5 67.4 84.3 84.2 97.6 46.3
50.5 52.8 83.1 84.2 96.2 46.6
79.8 83.4 85.5 84.2 99.0 46.0
23
61.2 64.2 82.8 84.2 95.9 46.3
46.1 48.4 81.4 84.2 94.3 46.5
78.2 82.0 84.3 84.2 97.6 46.0
25
58.0 61.1 81.4 84.2 94.3 46.3
41.9 44.2 79.7 84.2 92.3 46.5
76.6 80.7 83.1 84.2 96.2 46.0
27
55.0 58.2 80.0 84.2 92.6 46.2
38.1 40.3 78.1 84.2 90.4 46.3
75.1 79.4 82.0 84.2 94.9 46.0
29
52.1 55.3 78.6 84.2 91.0 46.1
34.6 36.7 76.4 84.2 88.4 46.1
73.7 78.2 80.8 84.2 93.6 45.9
31
49.3 52.5 77.1 84.2 89.3 46.0
31.2 33.3 74.7 84.2 86.5 46.1
72.2 76.9 79.7 84.2 92.3 45.9
33
46.5 49.7 75.7 84.2 87.6 46.0
28.2 30.1 73.0 84.2 84.5 46.1
70.7 75.6 78.5 84.2 90.9 45.9
35
43.9 47.1 74.2 84.2 85.9 46.0
25.4 27.2 71.3 84.2 82.5 46.0
69.3 74.4 77.4 84.2 89.6 45.9
37
41.5 44.7 72.8 84.2 84.3 46.0
22.8 24.6 69.6 84.2 80.6 46.0
67.9 73.2 76.3 84.2 88.4 45.9
39
39.1 42.3 71.4 84.2 82.6 46.0
20.5 22.2 67.9 84.2 78.7 46.0
66.6 72.0 75.2 84.2 87.1 45.9
41
36.9 40.1 70.0 84.2 81.0 46.0
18.4 20.0 66.3 84.2 76.8 46.1
65.3 70.8 74.2 84.2 85.9 46.0
43
34.9 37.9 68.6 84.2 79.4 46.1
16.5 18.0 64.7 84.2 74.9 46.2
64.0 69.7 73.1 84.2 84.7 46.0
45
33.0 36.0 67.3 84.2 77.9 46.1
14.9 16.3 63.1 84.2 73.1 46.1
62.8 68.6 72.1 84.2 83.5 46.0
Fuente:
Elaboraci´on propia
21