COMPOUND INTEREST

1.- How much money should be deposited in the bank if one wishes to accumulate an amount of $250,000?
a term of 2 years, and the interest rate is 9% convertible monthly?

2. What amount of money does a company receive as a loan if it has signed a

document for $650,000 that includes principal and interest at 18% convertible quarterly, and
Does it expire in 18 months?

3. What is the present value of $1000 that will be received after one year if the interest rate
quarterly compounded is:

a) 10%? d) 50%? b) 20%? e) 100%? c) 30%?

4. What is the present value of $1000 that will be received in one year if the interest rate is 15%
convertible

a) mensualmente c) semestralmente? b) trimestralmente? d) anualmente?

A debt of $50,000 is documented by a promissory note that includes interest at a rate of 3%

quarterly, and that will be payable after a year. What amount can be obtained for it if
discounted after 4 months at an interest rate of 12% convertible monthly?

A car dealer offers its customers a 10% discount on the purchase of

cash payment for a new car, or 50% of the price in cash and 50% in 6 months without discount
and without interest.

What alternative should be chosen if the money can be invested at a monthly interest rate of:

a) 2%? b) 3%? c) 4%?

7.-A company owes the bank $150,000 due in 2 quarters and $250,000 with
maturity in 6 trimesters. Wishes to settle the debt with a single payment.

What is the equivalent time assuming an interest rate of 4.5% quarterly?

In the purchase of a television valued at $3,000.00, $1,500 is paid in cash and a...
Document for the difference to be paid in 6 months with an interest of 2% per month. What is the amount?
of the document?
9. The buyer from the previous case decides to pay the balance with two equal payments at 3 and 6 months. What
What is the amount of these payments if a 6% quarterly interest is considered?

10. A document worth $180,000 must be settled within a period of 3 and a half years.
Determine the equivalent values if the debt is settled:

a) en un año b) en 4 años

Consider an interest rate of 22% compounded quarterly.

11. A rural land is purchased. $50,000 is paid as a down payment and two documents are signed.
for the same amount to be paid in 1 and 2 years.

What amount must be paid to settle the purchase after one year if the interest rate is:

a) 15%? b) 30%? c) 40%? d) 50%? e) 60%

12. Una persona contrae una deuda que debe liquidar mediante un pago de $30 000 a 6 meses y
another one of $50,000 in a year and a half.

What amount should be paid to settle the debt in a single payment?

{"a":"at this moment?","b":"in a year?","c":"in a year and a half?","interest_rate":"The current interest rate is"}
20% conver ble mensualmente.

13. A company sells a machine for $35,000. They pay $15,000 in cash and sign two...
documents for $10,000 each, maturing in 6 and 12 months.

What amount will settle the debt after 6 months if an interest of 30% convertible is applied?
monthly?
14. María owes $15,000 to be paid in one year. She pays $2,000 after 3 months and $3,000 after 6.
months. What amount should be paid at 9 months to settle the debt if interest is considered?
1.5% monthly?

15. Andrés requests a loan of 158,000 dollars for the purchase of a house. He offers to pay 20
0 in one year, 30,000 in 2 years and the balance in 3 years

16. A television set priced at $4,500 is settled for $5,200 in five months. What is the rate?
annual interest capitalizable biweekly?
17. What is the price of 5 printers that are paid with a 30% down payment and two installments of
$7,000 and $9,000, respectively, 2 and 3 months after the purchase? Assume interest of 9.6% annually.
with biweekly capitalization.

18. A refrigerator is purchased that costs $7,850 cash, which is paid with a down payment of
35% and an additional payment of $5,650. How much time after the purchase is this payment made, if
Is an interest rate of 18.6% compounded weekly paid?
On June 2, Mr. González purchases merchandise for $32,500 and signs a promissory note for that amount.
nominal of $37,250 and due on January 21 of the following year. What is the annual interest rate?
capitalizable per day?

20. Find the date on which a document with a nominal value of $4,550 expires. It was signed
for a loan of $4,125 on June 1st with an annual interest rate of 10.8% compounded daily.

22. How much does an investor earn in interest by depositing $320,000 in an account?
What is the result of 18.4% annual compound interest per month, over a period of a year and a half?

23. What day does a loan of $18,750, granted on June 5 with charges of $21,000, get canceled?
16.72% compounded per day?
24. How long does it take for a capital at 18.3% annual interest, compounded quarterly, to grow by 35%?

25. How much was deposited on September 10th of the previous year if on April 26th there is $15,350?
account that pays interest at 13.4% annual convertible monthly?
26. The state government secures a loan of 950 thousand dollars, with an effective interest rate of 4.2%.
and it will be settled with a payment in 16 months for half a million dollars, and another in 13 months of the
First. What amount is this second payment?

27. Accountant Aldana has 4 debts of $21,350, $15,000, $12,000, and $13,500, which are due,
respectively, April 15, May 7, July 18, and October 30; all accrue
interest of 13.32%, capitalizable daily. In a meeting, you agree with your creditors to make them 3
equal payments on the fifteenth day of the months of April, June, and August, in place of the first.
How much is each one?
28. Today a document with a nominal value of $20,000 expires, which the Commercial Company of
Sureste signed 1 semester earlier. Two months ago, they obtained another loan for $35,200 with 9 months of
deadline.

To pay, he decided to reach an agreement with his creditors and thus settle the debt with a payment.
now of $25,000 and two others identical to it, at 3 and 5 months, counted from now.
how much is each one, if there are interests of 17.4% capitalizable per month? How much do they amount to?
the interests?

On June 29, a loan of $19,750 was obtained, which will be settled 7 pay periods later.
with a payment of $20,800.

Determine the amount of two equal payments that replace the previous one and are made at 2 and 5.
Fortnightly, starting from June 1st. How much is each payment if the second is 50% higher?
which is the first? (Suggestion: get the interest rate first.)

30. Obtain two equal payments made on April 15 and June 8, which replace the
what would be done on May 3 and May 15, for $35,000 each, to settle a debt of 23
of the previous December with interest of 13.68% compounded daily. What amount was the
deuda? ¿Cuánto se paga por concepto de intereses?

DUE ANNUITIES

A company takes on a debt of $100,000 with a bank. If it charges this type of

loans 22% annual convertible monthly, how much would I have to pay monthly
company to settle its debt within 15 months?

Mr. Luna purchased a condominium and agreed to pay, in addition to a certain amount
monthly, annuities of $95,000. If you just made the deal today, so you must
liquidate the first annuity exactly one year from now, and decide to make quarterly deposits
In an investment fund that pays 1% quarterly, how much would their deposits need to be to
Can you accumulate the amount you need by the end of the year?

3. What rent paid during each of the 12 bimonthly periods is equivalent to a present value of $100?
000, if interests are considered at a rate of 0.4% bimonthly?
4. What rent paid at the end of each of 9 months allows to accumulate $10,000 after
tenth month, if interests are considered at a rate of 7% convertible each month?

5. If a piece of land is sold for $228,000 in cash, or through 12 equal semiannual payments with
20% annual convertible semi-annually, how much would the payments be in the credit plan?

6. If it is calculated that the down payment for a property that Mr. López would like to acquire
It will be $170,000 in a year, how much should I deposit each month in an investment?
What yields 3% convertible monthly?

On April 12, Miss Pérez obtains a loan of $30,000 that she agrees to repay.
through equal payments, each month. Starts the payments on the 12th of May and makes the last one on the 12th of
December of the following year. If an interest of 1.8% per month is charged, how much must be paid each
me?

You must pay $78,500 on August 23 of next year. If today is February 23, what should it be
the amount of bimonthly deposits into an investment account that yields 1% bimonthly for
to have on August 23 of the following year, at the time of making the last deposit, the amount
What needs to be paid, and if the first deposit is made on April 23 of this year?

On January 2, a loan of $324,000 is obtained. It will be paid with 6 monthly installments.

equal; the first, on February 2, plus $112,000 additional to the last monthly payment. If the
The agreed interest is 18% convertible monthly, what should be the amount of the payments?
monthly?

10. A car costs $238,150. It is sold with a 50% down payment and 6 monthly payments of $20.
971.90. What effective monthly interest is charged?

11. In two stores, the same model of integral kitchen is sold, with the same cash price: $
9,995. The credit conditions are:

• El almacén “La Ganga” la vende mediante 8 mensualidades de $1 395.

The warehouse 'La Bagatela' sells it in 12 monthly installments of $995.

a) Which store is more convenient to buy the kitchen?

b) What difference exists between the effective monthly rates applied in the two cases?

12. How long does it take to accumulate $5,000 if $200 is saved monthly and the savings earn 0.8%?
monthly interest?
13. How many payments of $136,211.25 would be necessary to make at the end of each year to settle a debt
of $450,000 if the interest is 30% annually?

14. Rodolfo sells an apartment to his sister Silvia. The deal is formalized today and is set for
property value at $1,290,000 for one year from now, which is when the transfer will take place
of ownership. To pay, Silvia will give Rodolfo equal monthly payments of $25,000 and a
final payment greater than that totally settles the operation. How many equal monthly payments must be
to pay, and what should be the amount of the final payment greater if they agreed on an interest of 1.5% per month?
Silvia is going to start making payments in a month.
15. There are two plans for buying a car: a) Cash price $135,000 and
monthly payments of $7,135.60 with an interest rate of 2% per month, until fully paid.
Cash price $139,000, 30% down payment and 18 monthly payments of $5,551.56. Which of the two
Which credit plans are more convenient?

ANTICIPATED

What is the present value of a series of 12 quarterly payments of $8,350, the first one due in 9 months?
months, if the interest is 18% convertible quarterly?

A deposit of $5,000 is made today, and monthly payments will start in one year.
of $1,000 for a semester. What will be the amount invested 2 years after it is done?
initial deposit if the interest amounts to 1.33% monthly?

3. A car is purchased with a down payment of $65,000, 10 bimonthly payments of $16.

754.63 starting in 10 months and a final payment of $27,890.40 in two and a half years.
What is the cash value of the car if the purchase is made with a 21% capitalizable interest?
monthly?

4. La Comercial, S.A., incurs today in a debt that must be paid through 4 semiannual payments of $22
800 starting in a year, at 18% compounded semi-annually. If you want to settle your
debt through a single payment made within 4 years, how much should be paid?

On January 4th, $30,000 is deposited into an investment account. Starting from March 4th,
the same year, bimonthly deposits of $6,500 begin to be made, with the last one made on the 4th of
November of the same year. If the investment yields 7.2% annual interest compounded bimonthly, how much does it
Will it have accumulated by April 4 of the following year?

6. With what amount paid each month for a year, starting in 6 months, can one ...
settle a debt of $48,000 incurred today, if the interest is 1.83% monthly?

7. Mr. Márquez must pay within 12 months the annual payment for a property he acquired.
on credit. Its amount is $18,500. He decides to make 3 bimonthly deposits, the first of them
In 2 months, to pay with what accumulates. If you can place your deposits at 2%
semiannual capitalizable bimonthly, how much should their deposits be?

8. Upon retiring, an employee can choose to receive $155,000 one year before retirement, or 24
monthly payments starting from the moment of retirement. If the interest is calculated at 8.4% convertible
Monthly, how much would the monthly payments be that I would receive?

9. If deposits of $3,750 are started quarterly within 6 months and accumulate to $51.
953.19 with an interest rate of 10.30% with quarterly capitalization, how many deposits were made?

10. Doctor Neri must pay within 6 months the amount of $40,000. If she agrees with her
debtor must pay his debt in bimonthly installments of $7,000 starting in 10
months, how many bi-monthly payments of that amount would I have to make, and what would be the smaller final payment
What must be done to settle the obligation if the interest rate is 19.6% capitalized bimonthly?
11. In the purchase of a refrigerator that has a cash price of $9,750, $3,250 is paid.
deposit and the balance with monthly payments of $415.14 starting in 6 months. If the interest is
of 11.70% compounded monthly, and the device is purchased on October 15 of year 1, what date
Is it finished paying?
12. A person invests $30,000 today in a business that will pay them 8 semiannual installments of $13.
500 starting in 2 years. What was the effective annual return on the investment?
13. What nominal annual interest rate convertible monthly would have to be applied to 10 payments?
Monthly advances of $2,000 to produce an amount of $30,000 exactly in 12 months.
after placing the last fertilizer?

14. A farmer requests a loan for the purchase of fertilizers. The bank grants him
$60 000 a pagar en 12 meses con un periodo de 3 meses de gracia. ¿Cuál será el importe de las
monthly payments if the interest rate is equal to the TIIE 28 Days plus 6 points?

Facundo found himself needing to renegotiate a bank debt that amounted to $287,324.
Ask the bank for a breathing space and they grant you 3 months of grace. What is the amount of the 9 payments?
From the fourth month onward, they will settle Facundo's debt if the bank charges him an interest of 28%
annual convertible monthly?

AMORTIZATION.- Create the corresponding table

1. $29,000 must be paid within 12 months for a debt incurred previously. If for
to pay it, it is decided to establish a fund through overdue bimonthly deposits, what would be the
amount of the same if placed in an investment instrument yielding 6.8% convertible
monthly?

2.- Create a table that shows how a debt of $150,000 would be amortized.
contracted today and to be paid in 3 months with a 3% quarterly capitalizable interest
monthly if it is decided to establish a fund through biweekly deposits due in a
investment account that yields 0.7% monthly effective.

Ernesto Torres incurs a debt of $80,000 to be paid in 14 months with 0.8% effective interest.
monthly. It wishes to love it with a fund established through expired monthly deposits.
What should be the amount of the deposits if the fund is placed at 6% annual convertible?
monthly?

4. Licenciado Vidriera has saved $200 every 2 months for a year and a half in an account.
fixed income investment that pays 10% annually, convertible monthly. What it aims to do is to pay
In 6 months, a debt that at that date has a value of $3,000. a) Will it be enough with what
Should he accumulate in the fund to pay his debt? b) How much will he have left or how much will he be short?

A merchant decides to create a reserve to acquire a larger premises for his business.
Deposit $1,750 each week into an investment fund that pays 6% annual compounded.
monthly. How much will have been accumulated in the fund after 6 months if 52 are considered
weeks per year?
6. A driver wishes to acquire the taxi he drives, which belongs to Mr. Urruía. He has agreed
by selling the car and the taxi permit in a year and a half for $117,500. How much should he owe?
deposit weekly the driver in an investment fund that pays 5% convertible
monthly to accumulate the amount you need?

7. If the same driver from exercise 30 made the deposits every third day, how much would he need?
deposit? Consider years of 360 days and months of 30 days.

8. A person must pay $7,700 by December 15. If that day they receive $3,200 as a bonus and it
he is going to apply to pay his debt, and the rest will be paid with what he accumulates in a fund of
investment, how much should be deposited monthly in the fund that pays 8% annual convertible
monthly, if the first deposit will be made on June 15?

9. Make a table that shows the behavior of a constituted funding of love.

through monthly deposits of $600 into a fund that yields 10% per year compounded
monthly if at the time of making the second deposit the interest changes to 8%, with the same
capitalization and 3 more deposits of $600 each are made.
10. A car was bought with a down payment of $42,000 and a balance of $126,000 to be paid in 24 months.
equal monthly payments with 17% annual capitalization monthly. How much did the
rights acquired by the buyer over the car immediately after making the
thirteenth payment?

DEPRECIATION

What is the replacement value of equipment that cost $73,800, if it has a life
expected for 5 years and the average forecasted inflation is 15%?

What is the replacement value of a car whose cost is $185,350, if it has a lifespan
expected for 8 years and the average expected inflation is 10% per year?

3. What will be the replacement value of a computer equipment that cost $22,000, if
It has an expected lifespan of 3 years and due to technological advancements, its price has been
reducing in real terms by 10% annually? The expected average inflation is 25%

A team costing $35,000 has a useful life of 6 years, at the end of which it is estimated that
it will reach a level of obsolescence that will force it to be replaced by a new model. Its value of
the rescue will be $1,000 and it is expected that an investment of $2,000 will need to be made to
dismantle it and get rid of it. a) Determine the annual depreciation charge. b) Prepare a
depreciation table.
5. At what rate should the airline company depreciate its simulator if it calculates that the useful life of
it will be 7 years and its salvage value will be 50,000 dollars? Simulator cost
$350,000