Loan and Investment Calculations Guide
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ScribdTranslationsLoan and Investment Calculations Guide
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ScribdTranslationsA loan of $180,000 is obtained for 160 days with a 15% annual simple interest.
What amount must be paid when your debt is due?
Data:
1 ñ
= $180000 t = 160 diam ×365 í
t = 0.43835
t = 160 dias F = C(1 + it)
i = 15 %⁄ (
= 180000 [1) + 0.150.43835]
( )( )
=? M = $191835,62
2. What amount for the concept of monthly simple interest produces a capital of
$40,000 at a simple annual interest rate of 13%?
Data:
% 1 ñ %
= $40000 i = 13 × = 1,0833
ñ 12
t=1s =
i = 13 %⁄ = (40000 (0.0010833)(1)
)
=? I = $433,33
3. If a person deposits $50.00 today in a fixed term with 2.20% monthly interest,
and does not withdraw its deposit and reinvests its interest, how much will it have in its account 3
Months later, if the interest rate does not change?
Data:
= $50000 F = C(1 + i)
=3 = (50000)(1 + 0.022)3
=3 = $53373,13 3
= 2,20%⁄
=?
A person acquires a piece of land today that costs $220,000. If we assume that
the land increases its value steadily at a rate of 0.2% per month,
What will its value be after 2 months?
Data:
= $220000 F = C(1 + it)
t=2*s*s (
= 220000 [1) + 0.0022
( )( )
i = 0.2 %⁄ M = $220880 n² sss
=?
5. María Eugenia wishes to acquire a property within 2 years. She assumes that the
The down payment that will need to be paid on those dates will be $60,000. If you want to have
that amount in 2 years, what sum should be invested in your fixed deposit?
fixed that yields 0.8% monthly simple interest?
Data:
F = $60000 t = 2 añ s ×12 t = 24 sss
1 ñ
t = 2 añ s = (1 + it ) → =(
1+ )
i = 0.8 %⁄
60000
= [1+ (0,008 )(24 ] )
=? = $50335,57
6. What amount should be invested today at 1.8% monthly simple interest to
to have $20,000 in two months?
= $20000 = (1 + it ) → =(
1+ )
60000
t=2ss = [1 + (0,008)(
24 ] )
= 1,8%⁄ = $19305,019
=?
7. What is the value of a promissory note for $5,000 that matures on September 15 if it
considera un interés de 5% anual simple y hoy es 11 de julio?
Data:
1
= $5000 t = 4 days ×30 í
= 0.1333 = 2,1333
% 1 ñ %
t = 2 weeks 4 days =5 × i = 0.4166
ñ 12
= 5%⁄ = (1 + it )
=? (
= 5000 ) 0.004166
[1+ ( )(
2.1333] )
= $5044.44
8. To finish paying off a debt, a person must pay $3,500 on the 15th of
July. How much paid today, March 13, will settle your debt if you
consider a 6% annual interest?
Data:
1
= $3500 t = 2 dias ×30 í
0.0666 t = 4.0666 seconds
% 1 ñ %
t = 4 x times 2 days =6 × i = 0,5
ñ 12
= 5%⁄ = (1 + it ) → =( )
1+
3500
=? = [1 + (0,0054,0666]
)( )
= $3430.25
9. One month after obtaining a loan, José Luis must pay
Exactly $850. How much did he borrow, if the payment he must make
Does it include interest at 18% per year?
Datos:
% 1 ñ %
F = $850 i = 18 × i = 1,5
ñ 12
t=1 = (1 + it ) → =(
1+ )
= 18 %⁄
850
= [1 + (0,0151])( )
=? = $837.44