Versión de HTML Básico
Luis Chavez-Bedoya
Analítika, Revista de análisis estadístico, (2016), Vol. 11
68
Tabla 7
:
P´erdida porcentual de riqueza terminal esperada debido a comisi´on por saldo, 1
−
θ
CS
, con
θ
CS
definido en (37)
cuando
δ
= 1
,
00 % anual. Se han considerado diferentes horizontes de aportaci´on en a˜nos (
T
), los escenarios de rentabilidad
de la Secci´on 3.1.1, y los perfiles de aportes de la Tabla 15 (adem´as de el perfil
E
que consiste en aportes reales iguales). La
densidad de cotizaci´on est´a determinada por la Tabla 16
Moderado
(
r
M
= 5
,
00
% real anual)
Agresivo
(
r
A
= 7
,
30
% real anual)
Conservador
(
r
C
= 2
,
20
% real anual)
T
(a˜nos)
M/SU M/U H/SU H/U E M/SU M/U H/SU H/U E M/SU M/U H/SU H/U E
5
2.5 2.5 2.5 2.5 2.5
2.5 2.5 2.5 2.5 2.5
2.5 2.5 2.5 2.5 2.5
7
3.6 3.6 3.5 3.7 3.7
3.6 3.7 3.6 3.7 3.7
3.5 3.6 3.5 3.6 3.7
9
4.6 4.7 4.6 4.8 4.8
4.7 4.8 4.7 4.8 4.9
4.5 4.6 4.5 4.7 4.7
11
5.7 5.7 5.6 5.8 5.9
5.9 5.9 5.8 6.0 6.1
5.5 5.6 5.4 5.7 5.7
13
6.7 6.8 6.6 6.9 7.1
7.0 7.1 6.9 7.2 7.4
6.4 6.5 6.3 6.6 6.8
15
7.8 7.9 7.7 8.0 8.2
8.2 8.3 8.1 8.4 8.6
7.4 7.5 7.3 7.6 7.8
17
8.8 8.9 8.7 9.0 9.3
9.4 9.4 9.2 9.6 9.9
8.3 8.3 8.1 8.5 8.8
19
9.9 9.9 9.7 10.1 10.5
10.6 10.6 10.4 10.8 11.2
9.2 9.2 9.0 9.4 9.8
21
10.9 10.9 10.7 11.1 11.6
11.7 11.8 11.6 11.9 12.5
10.0 10.1 9.9 10.2 10.8
23
11.9 11.9 11.7 12.1 12.8
12.9 12.9 12.8 13.1 13.7
10.9 10.9 10.7 11.1 11.7
25
12.9 12.9 12.8 13.1 13.9
14.1 14.1 14.0 14.3 15.1
11.7 11.7 11.5 11.9 12.7
27
14.0 13.9 13.8 14.1 15.1
15.4 15.3 15.2 15.5 16.4
12.6 12.5 12.4 12.7 13.7
29
15.0 14.9 14.8 15.1 16.2
16.6 16.5 16.4 16.7 17.7
13.4 13.3 13.2 13.4 14.6
31
16.1 16.0 15.9 16.1 17.4
17.9 17.8 17.7 17.9 19.0
14.2 14.1 14.1 14.2 15.6
33
17.2 17.0 17.0 17.1 18.6
19.1 19.0 19.0 19.1 20.4
15.1 14.9 14.9 15.0 16.6
35
18.2 18.1 18.1 18.1 19.8
20.4 20.3 20.2 20.3 21.8
15.9 15.7 15.8 15.7 17.5
37
19.3 19.1 19.2 19.1 21.0
21.7 21.5 21.5 21.5 23.1
16.7 16.5 16.6 16.4 18.5
39
20.4 20.1 20.3 20.1 22.2
23.0 22.8 22.8 22.7 24.5
17.6 17.2 17.4 17.1 19.5
41
21.5 21.2 21.3 21.0 23.4
24.2 24.0 24.1 23.9 25.9
18.4 18.0 18.3 17.8 20.4
43
22.5 22.2 22.4 22.0 24.7
25.5 25.3 25.4 25.1 27.2
19.2 18.7 19.1 18.5 21.4
45
23.6 23.2 23.5 22.9 25.8
26.7 26.4 26.6 26.2 28.5
19.9 19.4 19.9 19.1 22.4
Fuente:
Elaboraci´on propia
25