GUIDE TO ECONOMIC ENGINEERING

Capítulo 3: Sección 3.2 (pág. 99–102): 6, 7, 10, 11, 29, 30, 32.

6. What is the capital that produces $4,350 in interest in 9 months at 5.8%?

simple annual?

=
(1 + interest * ( ))

=
(1 + it)

4350
=
9
(1 + 0.058 * ) 12

4350
=
270
(1 + 0.058 * 360 )

= 4168.66

How long does it take for a capital loaned at 21.3% simple interest to double?

annual?

∗
=
∗

∗
=
∗

( 200000 )*(360)
=
(100000) ∗ (0.213)

= 3380.28

1
= (3380.28)
360
 = 9.38

0.38 * 12 = 4.56

0.56 * 30 = 16.8 = 17

T = 9 years4 months and 17 days

10. Say what is more productive, to invest with 0.69% simple interest.

monthly or with 8.28% simple annual?

I = 0.69 * 12 = 8.28% annual

Both are exactly equally productive on a monthly and annual basis.

11. What amount of money was borrowed on March 13 if

Did he settle with $16,869.04 on September 25? Assuming charges of 19.5%.

simple annual.

=
(1 + it)

16,869.04
=
196
1 + 0.1950 *
360

c = 15,249.99

29. Professor Gutiérrez deposits his vacation bonus of $17,450 in June

a bank that gives you a 5.44% simple annual interest, how much can you withdraw in the month of

December?

= +

= +( ∗ ∗ )

F = c(1 + it)
 6
F = 17,4501 +( 0.054 * )
12

F = 17,924.64

a) $17,924.64b) $18,625.30 c) $17,529.08 d) $18,123.32 e) Otra

30. Upon retiring, an employee receives $65,000 in their severance pay, and they deposit 40% of it.

in a bank that generates 6.69% simple annual interest and with 35% buys silver

whose value grows at a rate of 1.7% per bimonthly period. How much profit did it make in 3 years?

of deadline?

$65,000 x 40% = $26,000

$31,218.2

$65,000 x 35% = $22,750

Total obtained in comparison of plate = $26,000(1 + 0.017)1830,814.74

Fountain inverted = 26,000 + 22,750 = $48,750

Utilidad obtenida = 31,218.2 + 30,814.74 - 48,750 = $13,282.94

a) $12,729.65 b) $12,968.85 c) $13,282.94 d ) $13,605.32 e) Otra

32. What day was $45,000 lent at an annual simple interest rate of 18.9% if the 5

In October, $48,543.75 was paid off, leaving the debt at zero, understood?

F-1
=
∗

48,542.75
=
45,000 ∗ 0.189

t = 5.70

1, 4, 6.
 1. Merchandise is purchased in groceries valued at $73,250 to be paid with

$25,000 at 3 months, and another payment at 5 months after the purchase. How much is this payment if

Is a simple annual interest of 9.6% charged?

( é )= ∗ ∗

– = 9.6% = 9.6%/12 = 0.8% = 0.008

= 73250 ∗ 0.008 ∗ 5

= 2930 .00

73250 + 2930 = 76180.00

The first payment in month 3 is 25000

Measures 5 = 76180 - 25000 = L 51,180.00

4. Upon selling his residence, lawyer Hinojosa buys an apartment and

deposit the rest in an account that offers an 8.4% simple annual interest.

How much did they give you for your house if in 5 years the account yielded $243,600?

of interests and how much money was invested in the apartment, assuming that it was the

53.6%?

Rate = 8.5% = 0.084

( é )= ∗ ∗

=
∗
243,600
=
0.084 ∗ 5

= 580000

46.4%

100%
=
580,000 46.4%
 X=100%∗58000
46.4%

X=1,250,000

Total invested in the apartment = 1,250,000 - 580,000 = 670,000

6. Juan Antonio buys a truck to transport his sugarcane harvest, he

liquidates with a 40% down payment, a payment in 3 months for $650,000 and another for

$825,000 5 months later. Just before making the first payment, he decides with his

creditor to change the 2 commitments for 4 monthly payments making the first one at 3

months of the purchase. What amount are these payments assuming they charge you the

18.6% annual simple interest and:

40%

Installment for 3 months = 650,000

Installment 5 months = 825,000

Simple interest rate = 18.6%

Then changes to 4 monthly

=
1 + it

650,000
= = 621,118.01
90
1 + 0.186 * 360

825,000
= = 733,985.76
240
1 + 0.186 * 360

Equivalence of 60% of the truck = 621,118.01 + 733,985.76 = 1,355,103.77

 90 120 150
1,355,103.77 = X1 (+ 0.186 * )+ (1 + 0.186 * ) + X(1 + 0.186 *
360 360 360

180
+ X(1 + 0.186
360

1,355,103.77 = 1.0465X + 1.062X + 1.0775X + 1.093X

1355103.77
= = 316,687.02
4.279

Capítulo 4: Sección 4.1 (pág. 163–165): 7, 10, 24.

7. How much does a capital grow in 2 years if it grows 0.85% every two months?

average?

12 * 0.0085% = 0.1020 = 10.20% growth in 2 years

10. How many cars will be produced in the year 2020 if in 2014 they are manufactured

370,000 and production grows by 2.5% each year.

F = C(1 + i)

F = 370,000(1 + 0.025)6

F = 429,086.56

429,087.00

24. How many inhabitants would there have been in the city in 1985 if the national census of

the 2010 population resulted in the existence of 729,501 inhabitants and

Do you consider that the amounts have grown by an average of 0.42% annually?

F = C(1 + i)

F = 729,501(1 + 0.0042)-25

F = 656.93

a) 656,932 b) 596,963 c) 648,054 d) 606,638 e) Otra

 4.2

2. Indicate which is more productive, investing with simple interest or with interest

composed? why?

It is more productive to invest with compound interest, because it includes the interest in

together with the capital.

4. What will be more productive: 14.3% compounded semi-annually or 13.9%?

composed of weeks? Why?

14.3% (semester in 1 year) = 14.3% / 2 = 7.15% / 100 = 0.0715

F = C(1 + i)

(
= 1000 1.0715 )2

= 1148.11

13.9% ( 1 annum ) = 13.9%/52 = 0.2673%/100 = 0.0027

F = C(1 + i)

F = 1000 1( + 0.0027 ) 52

= 1150.52

5. How much money is generated from interest over a period of 9 months if

in the end, there is $23,256, considering 6.25% annual interest compounded

weeks?

Time = 9 months

23,256

Rate=6.25 annual /12 months/100=0.005208

=
(1 + i)
 23,256
=
(1 + 0.005208)9

c = 22,193.73

= −

= 23,256 − 22,193.73

= 1062.27

21. What is the due date of a promissory note for a loan of

$65,000 was signed on April 2 with charges of 24.84% compounded daily. Assume

that its nominal value is $76,175.

n=?

C= 65,000

I=24.84%/360/100=0.000690

F=76,175

( )
=
ln(1 + i)

76,175
(
65,000 )
=
ln (1+ 0.000690 )

n = 229.59 = 230 Diás

April 2 + 230 days = due date on November 18

92 + 230 = 322 (day of the year = November 18)

23 How much was a loan that was settled with 2 payments of $15,200 each

a 4 years and 7 months term with an interest rate of 11.4% monthly capitalizable monthly? a)

$28,421.65 b) $29,723.41 c) $28,862.40 d) $27,975.32 e) Otra

 =
(1 + i)

15,200
=
1 + 0.00954

4 = 14,635.86

=
(1 + i)

15,200
=
(1 + 0.0095)7

7 = 14,226.64

C4 + C7 =28,862.5

31. An automotive loan of $165,000 is obtained with a total global interest of

16.8%, what is the compounded interest rate per fortnight if the term is 9

meses? a) 19.9863935% b) 21.0345861% c) 19.6893705% d) 20.7952944% e) Otra

C= 165,000

I=?

n = 9 months * 30 days = 270 days / 15 days = 18 biweekly periods in 9 months

F = 192,720.00

1
= ( ) − 1)

192,720 1
=( ) 18 − 1)
165,000

I = 0.008665 = 0.86% * 24 quarters of the year20.795293%

4.3

3. What is more productive: an investment at 17% interest compounded for

fortnightly or at 17.4% compounded quarterly?

 0.17/24=0.0070833

(1 + i)24(1 + 0.0070833)1

24 24
√ (1 + i)= 24 √ ( 1.0070833 )

( 1 + i1.000294
)

I = 1.000294 - 1

I = 0.000294

b) 0.174/3 = 0.058

(1 + i)3(1 + 0.058)1

3 3
√ (1 + i)= 3 √ ( 1 + 0.058 )

( 1 + i=) 1.018971

I = 1.018971 - 1

= 0.018971

7. For their graduation expenses in 9 months, a student now has

With $35,000 that can be invested at a 6.5% nominal quarterly or at 6.32% compounded.

for months. What is most convenient for him/her?

9 months

6.5% nominal quarterly

0.065/4

=
(1 + i)^n

30,000
=
(1 + 0.005333)16

= 27,552.63

b) rate=0.0632 capitalizable per month

 =
(1 + i)n

30,000
=
(1 + 0.0058083)16

= 27,344.98

13. How much should be invested now to have $30,000 in 16 months, earning

intereses del a) 6.4% nominal mensual. b) 7.2% efectivo. c) 6.7% nominal semestral

6.4% nominal monthly

30,000
=
( 1 + 0.0053333 ) 16

= 27,552.63

b) 7.2% cash

( 1 + i ) 12 = (1+ 0.072 ) 1

12 12
√ ( 1 + i ) 12 = √ ( 1 +0.072 ) 1

1 + i = 1.005810655

= 1.005810655 - 1

= 0.005810655 * 12 * 100 = 6.97%monthly nominal = 6.97/12/100 =

0.0058106

30,000
=
(1 + 0.0058106)16

= 27,343.97

c) 6.7% nominal semiannual

0.067 2
( 1 + i ) 12 = (1+ )
2
 12 12
√ ( 1 + i ) 12 = √ ( 1 +0.0335 ) 2

1 + i = 1.005506958

= 0.005506958

i = 0.005506958 * 12 * 100 = 6.6083%

30,000
=
(1 + 0.005507)16

= 27,476.39

25. It is the amount paid 13 months later for a loan of $125,000 with

18.63% nominal interest quarterly.

0.1864 4
(1 + i ) 12 = (1+ )
4
12 12
√ ( 1 + i ) 12 = √ ( 1 +0.046575 )1

1 + i = 1.01529002

= 0.01529002

I = 0.01529002* 12 * 100

18.348%

F = 125,000(1 + 0.01529002)^13

= 152,258.46

a) $149,723.82 b) $152,258.50 c) $148,621.08 d) $150,302.97 e) Otra

33. What is the nominal monthly rate if a truck for school transportation with

Price of $650,000 is paid with $745,360 on December 23? Assume that it was purchased

April 5th of the previous year

e) Other
 1
-1
=()

650,000 1 -1
=( ) 262
745,360

I=0.00052262*360*100=18.81432%

( 1 + i ) 12 = (1+ 0.00052262 ) 360

12 12
√ ( 1 + i ) 12 = √ ( 1.20693834 )

1 + i = 1.0157973856

= 18.95%

Section 4.4 (pp. 190–191): 11,13

11. A minivan is purchased with a 35% down payment and a payment of $270,000.

9 months with an interest rate of 18.72% capitalizable quarterly, what is the price of

counted?

0.1872 3
F = 364500(1 + )
3

F= 437,080.79

13. What is the nominal value of a promissory note that is traded on March 19?

at $27,250 considering the 8.24% discount compounded monthly? Assume that

expires on August 7 following.

27,250
=
(1 - 0.0824)4.18

= 39,036.90

Section 4.5 (pp. 201–203): 3

3. Psychologist Mora obtains a loan for $13,500 and endorses 2

documents due in 30 and 60 days, with charges of 12.6% annual interest capitalize by
months. For some reason, he does not make the first payment and decides to do it with his creditor.

15 days later. What amount will this payment be? Assume that originally the 2

they are the same.

F = P(1 + i)

0.126 60
F = 13,500(1 + )
360

0.126 2
F = 13,500(1 + )
12

F = L 13,786.45/2 =6893.22

Book of Lincoyán Portus

(pp. 43–44) 15, 17, 19, 21, 25, 27.

15. Calculate the commercial simple interest of:

$2,500 for 8 months at 8%

∗ ∗
( é )=

2,500 ∗ 0.08 ∗ 240

( é )=
360

( é ) = 1333,33

$60,000 for 63 days at 9%

∗ ∗
( é )=

60,000 ∗ 0.09 ∗ 63
( é )=
360

( é ) = 945

$12,000 for 3 months at %

Tasa =0.02828427125
 ∗ ∗
( é )=

12,000 ∗ 0.02828427125 ∗ 90
( é )=
360

( é ) = 84.85

$15,000 to 10% in the time elapsed between April 4 and September 18 of the

same year.

15000(0.10)(167)
( é )=
360

I = 695.83

17. Calculate the commercial simple interest of

$5,000 for 3 years 2 months 20 days at 0.75% per month

t = 3 years (12 months) + 2 months = 38 months

= 0.0075

= 5000 38 0.0075

= 1425

$8,000 for 7 months and 15 days at 1.5% per month

= 0.015

= (8000) (0.015) (7.5)

= 900

A man paid $2,500.20 for a promissory note of $2,400, signing on April 10.

from 1996 to a % interest What in

When do I pay it?

= (1 + i * t)

2,500.20 = 2400(1 + 0.045 * t)

 0.04175 = 0.045 t

= 0,9277 Response to 10 of March 1997

21. An investor received a promissory note worth $120,000 at an interest of

8% on July 15 with a maturity of 150 days. It is offered on October 20 of the same year.

to another investor who wants to earn 10% How much does he receive for the promissory note on the first

investor?

S1 = C(1 + it)

S1 =$120000(1 + 0.08 * 150/360)

=$

S2 = 120000(1 + 0.10 * 53days/360)

= $122,000.93

25. A person discounts a promissory note of $20,000 on May 15 with maturity

for August 13 and receives only $19,559.90 what is the rational discount rate or

Was the promissory note discounted for the mathematician?

90
$20000$19559.90(1 + i( )
360

= VP (1 + ∗ )

20,000 = 19,559.90 (1+ 90)( )

360

= 0. 09

27. A person owes $20,000 due in 3 months and $16,000 with

maturity in 8 months. He proposes to pay his debt through two equal payments with
maturity at 6 months and one year, respectively. Determine the value of the new ones.

you will pay at an 8% return

20.000(1 + 0.08∗ 9) = 21.200

Vf2 = 16.000(1 + 0.08∗ 4) 16,426.67

Deuda = 21,200 + 16,426.67

= 37.626,67

P1 = x(1 + 0.08 ∗ 6) =1.04 x

P2 = x

= P1 + P2

= 2.04 x

37,626.67 = 2.04 x

é . ,

Capítulo 4: (pág. 120–122) 17, 19, 21, 23, 27, 29, 31.

17. Find the future value of $100 at compound interest for 10 years

Annual

($100)(1 + 0.05)10

= 162.89

b) Monthly

0.05 120
($100)(1 + )
12

=164.70
 c) Quarterly

0.05 40
(
= $100 (1) + )
2

F = 164.36

d) Semester

0.05 20
= (100)(1 + )
2

= 163.86

19. Find the final value of $20,000 deposited at 8%, compounded annually.

10 years 4 months

4
)
F = ($20000)(1 + 0.08) 10+( 12

F = 44300.52

21. A person deposits $3,000 on April 22, 1995, in a savings account.

which pays 6%, capitalizable semi-annually on June 30 and December 31 of

Every year, how much could be withdrawn on November 14, 2020?

0.06 14
F = ($3000)(1 + )
2

= 4537.77

23. A father on March 20, 1996, leaves his daughter $100,000 for her to inherit.

delivered upon turning 18 years old, the inheritance is deposited in an account that earns 6%

capitalizable annually. On September 22 of the year the father died, the daughter

he turned 10 years old; calculate the amount he will receive at the specified age.

6% (100000)$60000

60000 ∗ 8 years =$480000

$480,000 + $60,000 = $540,000

 27. Find the nominal interest rate compounded semi-annually, at which $10,000 is

convert into $12,500 in 5 years

=
∗

12,500
=
10,000 times 10

= 0.0451

29. How many years should a deposit of $6,000 be left in an account?

savings that accumulate at 8% semiannually, in order to become $10,000

10,000 = 6,000 (1 +0.08)t

= 13,024 /2

= 6,512 ñ

31. What is more convenient: to invest in a timber company that guarantees

double the invested capital every 10 years, or deposit in a savings account that

Does it offer a 6% interest compounded quarterly?

F = 1(1+ 0.06)

= 1,8140

The best option is with 6% compounded that doubles.

Capítulo 5: (pág. 138–139) 13, 15, 17, 19, 21.

13. Find the present value of:

10,000 payable in 10 years at 5%, with annual accumulation.

=
(1 + i)
 10,000
=
(1 + 0.05)10

= 6,139.13

$5,000 payable within 6 years at 6% compounded quarterly

t = 6 * 4 = 24

=
(1 + i)

5,000
=
0.06
(1 + 4 ) 24

C = 3,497.72

$8,000 payable within years at 8% semiannual capitalization

=
(1 + i)

8000
=
(1 + 0.08/2)15

C = 4,442.12

$4000 payable in 5 years at 7.4% with annual compounding.

=
(1 + i)

4,000
=
(1 + 0.074)5

= 2,799.23

15. find the present value of $96,000 payable in 20 years at 8%, with

monthly capitalization
 0.08 -240
F = 96,000(1 + )
12

= 19,485.25

17. Which offer is more convenient for the sale of a property, if the rate of

Is the interest 10%, with semiannual capitalization?

$60,000 in cash

$30,000 in cash and $35,000 with a 3-year term

= 35,000 1( + 0.05 ) -6

F = 26,117.53 + 300,000

= 56,117.54

19. A person holds a promissory note for $60,000 for 5 years at accumulated interest.

semiannual. Three years before its due date, what the lender offers is invested in the

10% with quarterly capitalization what does the lender offer?

a)

= 60,000 (1 + 0.004 ) 10

= 88,814.66

= 88,814.66 1( + 0.25 ) -12

= 66,038.66

21. a person must pay $50,000 within 2 years; the creditor accepts a

cash payment of $20,000 and a new promissory note for 3 years. Determine the value of the new one.

payable at the rate of 8%, with semi-annual compounding.

Monto= 50,000

Time 2 years=4 semesters

 50,000
=
(1 + 0.08/2)4

42,740.20

Already paid. 20,000

42,740.20 - 20,000 = 22,740.20

0.08 6
F = 22,740.20(1 + )
2

= , .