Task #2 1

Applied Mathematics (Oct-13)

Catholic University of Honduras

Our Lady Queen of Peace

Applied Mathematics

TASK # 2

Nombre:__________________________________________________
# Account:____________________________________________
Delivery date: _________________________________________

1. Calculate the commercial simple interest of:

L.2,500 for 8 months at 8%.
L. 60,000 for 63 days at 9%.
L.12,000 for 3 months at 8½%.
d) L.15,000 at 10% in the time elapsed between April 4 and 18
September of the same year.

a) L.133.33, b)L.945.00 c)L.255.00, d)L. 695.83

2. Calculate the simple commercial interest of:

L.5,000 for 3 years, 2 months, and 20 days at 0.75% monthly.
b) L.8,000 for 7 months 15 days at 1.5% monthly.
a) L. 1,450.00 b) L.900.00

A gentleman paid L.2,500.20 for a promissory note of L.2,400, signed on April 10.
1996 with an interest rate of 4½%. When did he pay it?
10/03/97

4. An investor received a promissory note for the value of L.120,000 at an interest rate of 8%.
July 15 with a maturity of 150 days. On October 20 of the same year, it is offered.
to another investor who wishes to earn 10%. How much does he receive for the promissory note?
first investor? L. 122,200.93

5. A person must pay L.14,000 in 3 months, with an 8% interest. If the promissory note
it has a penalty clause that, in case of delay, 10% is charged for the time
that exceeds the established deadline, what amount does the debtor pay, 70 days after the
maturity? L. 14,557.67

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

maturity in 8 months. Proposes to pay his debt through two equal payments with
maturity at 6 months and one year, respectively. Determine the value of the
Task #2 2
Applied Mathematics (Oct-13)

new promissory notes at 8% yield. (Take the date within as a focal date
of a year). L. 18,444.45

7. X obtains a loan of L.1,200 from Y for two years, with an interest rate of 6%. What
amount I would have to accept as repayment of the loan 15 months later
If you have made a profit assuming you want a return of 5%? L. 1,295.42

Mr. Pérez owes L.450 due in 4 months and L.600 with

due in 6 months. If you wish to settle the debts by making a payment
immediate unique, what will be the amount of that payment assuming a return
of 5%? Use today as the reference date. L. 1,027.99

9. What offer is more convenient for the home buyer: L.4,000 initial?
or L.6,000 after 6 months or L.6,000 initially and L.4,000 after a year?
Assume an interest of 6% and compare it to the purchase date, the value of
each offer.

10. A person must borrow L.2,000 to pay in a year with an interest rate of 6%. Is it advisable?
pay L.500 at the end of 6 months. What amount will have to be paid at the end of a year
to settle the remaining debt assuming a return of 6%? Take
as a focal date the date after one year. L. 1,605.00

11. A person owes L.2,000 due in 2 months, L.1,000 due

In 5 months and L.1,800 due in 9 months. Wishes to settle his debts.
through two equal payments due in 6 months and 12 months
respectively. Determine the amount of each payment assuming a yield
of 6% and taking as the focal date the date one year later. L. 2,444.33

12. A person owes L.500.00 due in 3 months with interest at 5% and

L.1,500 due in 9 months at 4%. What will be the amount of the lump sum payment?
What needs to be done within 6 months to settle the debts assuming a
6% yield? Use the date at focal point a) at the end of 6 months, and b)
at the end of 9 months.
a) L. 2,036.01 b) L.2,035.90

13. A debt of L.7,000 with an interest rate of 9% matures in 8 months. L.2,000 is paid.
3 months and 2 months later, L.3,000. Calculate the outstanding balance on the date of
vencimiento: a) mediante la regla comercial; b) aplicando la regla de los saldos
insolvents.

a) L. 2,277.50 b) L. 2,285.15
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Applied Mathematics (oct-13)

14. A liability of L.20,000, which matures in 6 months at 12%, is reduced by

the average of two equal payments of L.6,000 made 3 months and 2 months before the
maturity. Calculate the outstanding balance by applying: a) the commercial rule; b) the
rule of outstanding balances.

a) L. 8,900.00 b) L. 8,920.92

15. A team whose cash price is L.50,000 is sold in installments, with a

Initial fee of L.5,000 and 20 weekly payments of L.2,500 each. Calculate: a) the rate
of interest applying the trade rule;

a) 61.18%

16. A person receives two offers for the same item, which has a cash value of
from L.3,800. A merchant offers you installment sales with the following plan:
12% surcharge for installment sale; initial payment L.500; the balance in 8 installments
monthly. Another trader offers another plan like this: a 10% surcharge on sales to
terms; initial payment of L.750 and the balance in 8 monthly installments. Do the calculations
that correspond, to determine which offer is the most convenient. The second
the offer is 4.5% lower

17. Find the future value at compound interest of L.100, for 10 years:
at 5% annual effective rate
b) at 5% compounded monthly
c) at 5% compounded quarterly
d) at 5% compounded semi-annually

a) L. 162.89, b) L. 164.70 c) L.164.36 d)L. 163.86

18. Find the FV of L.20,000 deposited at 8%, compounded annually for 10 years.
4 months in form: a) theoretical; b) commercial.
a) L.44,300.52 b) L.44,329.94

A person deposits L.3,000 on April 22, 1995, in a savings account that

pays 6%, capitalizable semiannually on June 30 and December 31 of
every year. How much will he be able to withdraw on November 14, 2002? L. 4,694.76

20. What semi-annual compounding rate is equivalent to 8%, compounded?

quarterly? 8.08%

21. Find the nominal rate convertible semi-annually, at which L.10,000 is

They convert into L.12,500, in 5 years. 4.51%
Task #2 4
Applied Mathematics (Oct-13)

22. How many years should a deposit of L.6,000 be left in a savings account?
that accumulates 8% semi-annually, so that it becomes L.10,000? 6.512 years

23. What is more convenient: investing in a timber company that guarantees to double
the invested capital every 10 years, or deposit in a savings account that offers
6% compounded quarterly? Invest in the lumber industry.

24. An investor offered to buy a promissory note for L.120,000 without interest that matures
in 3 years, at a price that yields an 8% effective annual return; calculate the
offered price.
L.95,259.87

25. Find the present value of:

L.10,000 payable in 10 years at 5%, with annual compounding
b) L.5,000 payable in 6 years at 6%, compounded quarterly
c) L.8,000 payable in 7½ years at 8%, semi-annually compounded
d) L.4,000 payable in 5 years at 7.4%, with annual compounding
a) L. 6,139.13 b) L. 3,497.72 c) L. 4,442.12 d) L. 2,799.23

26. Find the present value of L.96,000 payable in 20 years at 8%.

monthly capitalization. L. 19,485.25

27. What offer is more convenient for the sale of a property, if the rate of
the interest is 10%, with semiannual compounding?
L.60,000 in cash
L.30,000 in cash and L.35,000 in 3 years' time.
The offer a) is higher by L. 3,882.46

28. A person holds a promissory note of L.60,000 for a term of 5 years at an interest rate of 8%,
with semiannual accumulation. Three years before its maturity, it is offered for sale.
to a lender who invests at 10%, with quarterly compounding. What amount does he
does the lender offer? L. 66, 038.66

29. A person must pay L.50,000 within 2 years; the creditor accepts a payment at
Loan of L.20,000 and a new promissory note for 3 years. Find the value of the new promissory note.
at a rate of 8%, with semi-annual compounding. L. 28,773.62

30. A promissory note of L.8,000 payable within 2 years and another of L.10,000 payable
In 5 years, they will be settled in a single payment within 3 ½ years. Find the
valor del pago único a la tasa del 9%, convertible semestralmente. L. 17,892.30

31. A person sells a land and receives two promissory notes of L.60,000 due in 2 and 4 years.
term. Find the present value, if the yield is 8% with capitalization
semester. L. 95,129.66
Task #2 5
Applied Mathematics (Oct-13)

32. At what effective rate does a single payment of L.20,000 today replace two promissory notes of
L. 11,000 each, due in 1 and 2 years respectively? 6.6%

33. Calculate the future value and the present value of the following certain annuities.
ordinary.
L.2,000 semesterly for 8½ years at 8%, capitalizable semiannually
b) L.4,000 annually for 6 years at 7.3%, capitalizable annually
c) $200 monthly for 3 years and 4 months, at 8% with capitalization
monthly.
a) vf=L.47,395.02, VP= L. 24,331.34 b) VF=L.28,830.35, VP= L.18,890.85 c)
VF=L.9,133.51 VP=L. 7,001.81

34. Calculate the cash value of a property sold in the following

Conditions: L.20,000 in cash; L.1,000 for overdue monthly payments for 2
years and 6 months and a final payment of L.2,500 one month after the last payment was made
monthly payment. For the calculation, use 9% with monthly compounding.
48,758.17

35. What is the cash value of equipment purchased with the following plan:
L.14,000 initial payment; L.1,600 monthly for 2 years 6 months with a
last payment (1 month after the last) of L.2,500, if a 12% charge is applied
monthly capitalization?
L. 57,128.78

36. At the time of his daughter's birth, a gentleman deposited L.1,500 in an account that
they deposit 8%; this amount is consigned every birthday. Upon turning 12 years old,
increased its deposits to L.3,000. Calculate the total it will have available
from her at 18 years old. L. 75,553.60

37. How much should be deposited at the end of each quarter into an investment fund?
which pays 10%, convertible quarterly, to accumulate L.50,000 after
5 years? L.1,957.36

38. What amount should be deposited annually in a fund that pays 6%, to
provide the replacement of the equipment of a company whose cost is
L. 8,000,000 and the useful life period of 6 years, if the salvage value is
estimate at 15% of the cost? L. 974,865.88

39. A machine that costs L.18,000 cash is sold on installments, with a payment.
initial of L.3,000 and the balance in 18 monthly installments, charging 16% interest
monthly convertible. Calculate the value of the monthly installments. L. 942.85

40. Replace a series of payments of L.10,000 at the beginning of each year, with the
equivalent in overdue monthly payments, with an interest of 8% convertible
monthly. L. 869.85
Task #2 6
Applied Mathematics (Oct-13)

41. The present value of an annuity of L.10,000 per year due is L.100,000; if the
The interest rate is 6%. Calculate the time indicating the mathematical solution and the
solución prá[Link]ón Matemática 15.731 Años, Solución Práctica 15
Installments of 10,000 and one of 7,310.00 at the end of the 16th year.

42. The future value of an annuity of L.10,000 per year due is L.100,000. If the
The interest rate is 6%, calculate the time indicating the mathematical solution and the
practical solution. 8,064 years; practical solution: 7 installments of L.10,000 and one
eighth of L.11,025.32

43. For a debt of L.20,000 with interest of 10% compounded semi-annually,

it is advisable to cancel it with semiannual payments of L.4,000; find the number of
payments and the final payment amount. 5 Payments of 4,000 and a final payment of
3,594.26

44. An employee can save L.350 monthly. If they deposit it into an account of
savings that pay 8%, compounded monthly, how long will it take and with what
Will the final payment save L.30,000? Last payment of 362.89 at the end of 5 years 8 months
months

45. A vehicle with a cash value of L.480,000 can be purchased with a payment
initial amount of L.80,000 and 12 monthly payments of L.40,000 each. Find
the monthly convertible rate charged is 35.08%

46. Calculate the present value of a property sold on a 15-year term, with
payments of L.3,000 monthly in advance, if the interest rate is 12%
convertible monthly. L. 252,464.64

A person receives three offers for the purchase of their property: a) L.400,000 from
contado; b) L.190,000 de contado y L.50,000 semestrales, durante 2½ años; c)
L.20,000 per quarter in advance for 3 years and a payment of L.250,000 at
complete the fourth year. What offer should be chosen if the interest rate is 8%
Annual? The offer b)

48. What is the present value of a rental of L.500 deposited at the beginning of each
Yes, for 15 years in a savings account that earns 9% compounded.
mensualmente?L. 49,666.42

49. What amount should be deposited at the beginning of each year in a fund that pays
6% to provide the replacement of the equipment of a company whose cost is
L.2,000,000 and with a useful life of 5 years, if the salvage value is estimated at
10% of the cost? L. 301,239.17
Task #2 7
Applied Mathematics (Oct-13)

50. Replace a series of payments at the beginning of each year with the equivalent in payments
monthly in advance, with a 9% interest rate convertible monthly.
0.08680047 (ANNUAL PAYMENT)

A company acquires mineral deposits; the engineering studies

show that the preparatory works and access roads will take 6 years.
it is estimated that the operating deposits will yield an annual profit of
L.2,400,000. Suponiendo que la tasa comercial de interés es del 8% y que los
deposits will be exhausted after 15 continuous years of exploitation, find the
current value of the rent expected to be obtained. L. 12,945,416.00

52. A fruit company planted citrus trees that will start producing in 5 years.
The annual production is estimated at L.400,000 and that yield will be maintained for
20-year period. Find the present value of the production at a rate of 6%.
L. 3,428,396.90

53. How much should M invest at the end of every 3 months, over the next 4 years, in
a fund that pays 4% convertible quarterly with the aim of accumulating
L.2,500?L. 144.86

M buys a piano that costs L.1,250. He pays L.350 initial and agrees to make
monthly payments of X L. each for the next 2 years, with the first due
In one month. Find X with interest at 8% compounded monthly. L. 40.71

55. Substitute a series of payments of L.3,000 at the beginning of each year for the equivalent
in payments at the end of every 3 months assuming interest of 4% convertible
quarterly. L.768.84

B deposits L.150 at the end of each month in a bank that pays 4% convertible.
semiannually. How much will he have in his account after 5 years? L. 9,936.56

57. What amount would have to be invested at the end of every 3 months for 6 years, at 5%?
semi-annually convertible, to have L.5,000 at the end of the term? L. 180.10

Today, L.75,000 is invested at 3% convertible quarterly to

provide M with an annual income for 25 years, receiving the first payment on
complete the 10th year. Find the annual payment. L. 5,657.79