RENTALS

1.- Find the amount of a capital of S/. 1,600,000 after 1 and a half years in the bank.
which pays 34% annually compounded quarterly.

2.- What is the capital that invested at 34% per year, compounded quarterly, after
18 months gives us an amount of S/. 2,610.348?

A loan of s/. 1,600,000 is obtained to be repaid in a year and a half in installments.

quarterly at a rate of 34% annually compounded quarterly. -Find the value of the
loan repayment letters

4.- How much do successive quarterly deposits of s/. 351,371 equal today for 1
a year and a half in a bank that pays 34% annually, compounded quarterly.

5.- As soon as it converts successive quarterly deposits of s/. 351,371.33 for 1

A year and a half in a bank that pays 34% annually, compounded quarterly.

6.- A machine must cost s/. 2,610,348 in a year and a half, how much needs to be
deposit in a bank that pays 34% per year, compounded quarterly for
to be able to buy the machine.

7.- A loan of s/. 1,500,000 is obtained to be repaid in 14 months in installments

bimonthly at an annual rate of 45% compounded bimonthly.- Find the value of the
loan repayment letters.

8.- How much do successive monthly deposits of s/. 24,000 for 1 year amount to today?
4 months in a bank that pays 51% annually, compounded monthly?

9.- How much do successive quarterly deposits of 15,000 convert after 7

semesters in a bank that paid 29% annual interest compounded quarterly?

10.- What is the capital that invested at 72% annual interest compounded daily after 1
8 years 8 months 25 days gives us an amount of S/. 1,400,000?

11.- A machinery must cost within 8/6 of a year s/. 1,800,000 how much do I have to
deposit bi-monthly to buy the machinery?

12.- Find the amount formed by successive bimonthly deposits of 1,200.

during 5 quadrimesters in a bank that pays 42% annual interest compounded
bimonthly if the deposits:
a).- Advanced
b).- Defeated
13.-Find the amount formed by successive monthly deposits of 1,500 during
1 year 2/6 in a bank that pays 42% annually, compounded monthly if the
deposits are:

a).- Advancers
b).- Defeated
How much interest was earned?

14.- A loan of s/. 1,500,000 is obtained to be repaid in 16 months in installments.

monthly at a rate of 48% annually compounded monthly. Find the value of the
loan return letters if they are:
a) - Advanced
b).- Defeated

15.- Find the amount that is formed with successive bimonthly deposits of 1400.
for 18 months in a bank that pays 45% annual interest capitalized bimonthly.

16.- Find the amount obtained with a capital of 69,000 placed at 36% annually.
capitalizable daily, for one year 7 months 12 days.

17.- How much is it today equivalent to successive monthly deposits of 800 over 480 days?
a bank that pays 26% annual interest compounded monthly.

18. A machine should cost 190,000 over 21 months. How much should I deposit?
quarterly in a bank that pays 26% annually, compounded quarterly for
to be able to buy the machinery?

19.- Find the amount obtained with a capital of 420,000 placed in a bank
which pays 30% annual interest compounded quarterly for 540 days.

20.- What is the capital that, placed at 33% annual interest compounded bimonthly, then...
2 years 5/6 gives us an amount of 218,663?

A loan of 380,000 is obtained to be repaid in 16 months in installments.

bimonthly at an annual interest rate of 42% capitalizable bimonthly. - Find the value of the letters.
of loan repayment.

22.- What is the equivalent today of successive quarterly deposits of 1700 for 5
semesters in a bank that pays 50% annual interest capitalizable quarterly.

23.- A machine must cost 648,000 in 18 months. How much do I need to pay?
deposit quarterly in a bank that pays 30% annually compounded
quarterly to be able to buy the machinery?

24.- A loan of 370,000 is obtained to be repaid in 15 months in installments.

monthly at the rate of 42% annual capitalizable monthly. - Find the value of the
loan repayment letters.
25.- A loan of 480,000 is obtained to be repaid in 540 days in installments.
quarterly at an annual rate of 30% compounded quarterly.-Find the value of the
loan repayment letters.

26.- Find the amount obtained with successive monthly deposits of 1700.
for 15 months in a bank that pays 3.95 annually capitalizable monthly silos
deposits are:
a).- Advanced
b).- Defeated

27.- Find the amount obtained with successive deposits quarterly of

1900 for 20 months in a bank that pays 33% annual compounded interest
quarterly if the deposits are:
a).- Advanced
b).- Defeated
28.- How much interest is earned with successive bimonthly deposits of 1,200 during
600 days in a bank that earns 27% compounded bimonthly if the deposits
son
a).- Advancing
b).- Defeated
29.- A loan of 95,000 is obtained to be repaid in 540 days in quarterly installments.
at a rate of 42% per annum, capitalizable quarterly.- Find the value of the letters of
repayment of the loan if they are:
a).- Advancers
defeated

30.- A loan of 128,000 is obtained to be repaid in 20 months in installments.

monthly at an annual rate of 45% compounded monthly.- Find the installments of
repayment of the loan if they are:
a).- Advancers
b).- Defeated

31.- A loan of 64,000 is obtained to be repaid in 14 months in installments.

bimonthly at the rate of 27% annual capitalizable bimonthly. - Find the value of the
Loan repayment letters if we have a 120-day grace period.
 CASE STUDIES
CASE 01: CLASSMATES

Two university classmates stop seeing each other for many years. When
they studied together at 21, they used to smoke a pack a day. The value of the
the box reached $5 current.
After 25 years, they meet on a central street and, after
greeting each other, one says to the other: -Today is a very special day for me, since
I just signed the property deed for a nice one at the notary.
apartment in the central sector of the city. -How much did it cost you? -, asks the
another. The answer was: -I quit smoking at 21, and during those years I decided
save the equivalent of the daily value of the pack. This way, I deposited every month in
the bank the sum of $150. The bank paid me 1 percent
monthly real interest and with the total product I was able to buy the apartment
What was the price?
Response
a
If the partner saved the sum of 150 monthly for 25 years then it was
300 times to the bank, therefore
M=RxFCS300 0.01
M= 281,827.

CASE 02: MOTORCYCLE

Today is October 18th and in three years Manuel Calle's firstborn

will turn 18. His father would like to gift him a motorcycle that
it would cost $6400 in today's dollars. To acquire it, he decides to save an amount
monthly in a banking instrument that yields 2 percent monthly. If the rate
the performance does not change at this time, how much would Manuel have to save
How much each month to be able to acquire the motorcycle?

Response
a
The question is to determine how much I should deposit monthly for three years.
to be able to buy the motorcycle
R=SxFDFA360.02
R = 123.

CASE 03:
LOTTERY
Upon seeing the news about the prize awarded by the Lottery, Cesar Campos said to himself:
I have been betting for 15 years and have never won anything. If I had at that time...
I listened to the myth, who advised me not to ever play and that, on the contrary,
If I deposited the value of the carton every week, I would have good savings.
If the cost of cardboard is $2 and the effective annual rate is 12 percent
How much would I have saved?
Response
a
The weekly rate must be found, for which we take the 52nd root of 1.12, which gives us
yes
0.0021817744. Then we find

M=RxFCS7800.002181744
M= 4101

CASE 04: LUIS CHUNGA

Luis Chunga does not know whether to sign a contract with MGM for seven seasons, because
which will receive the sum of US$ 400,000 per period. However, it wants to know at
how much its present value corresponds to. On the other hand, Universal Studios offers you a
contract for US$ 1,900,000 payable today. Could you advise him if you know?
Is Luis Chunga's opportunity cost 10%?
Response
a
To find the present value of the flows we use
C=RxFAS70.1
C=1947368

CASE 05: SMOKERS

A 23-year-old young man is contemplating the convenience of quitting smoking.
In addition to the benefits associated with a lower probability of contracting
cancer, respiratory or heart diseases, and to put an end to it once and for all
with the discussions with his girlfriend, who does not accept nicotine kisses, he contemplates
the economic benefit of saving it that on average spends
daily in cigarettes (350 per month). If the monthly interest rate in your account
With a savings of 2 percent per month, how many years will it take to gather a sum of
55320?
Response
a
To find the value of n, you only need to apply one of the formulas.
corresponding to find n, which are: NPERT
The result is applied for 72 months.

CASE 06: TIME

A bank pays an interest of 10 percent per year on savings accounts.
announces that our initial deposit of $700 has accumulated to
$2196.9 How long has that deposit been in the bank?
Response
To find the value of n, you only need to apply one of the formulas.
corresponding to find n, which are: NPERT
The result is 12 years.

CASE 07: CONSULTATION ROOM

You want to buy a house, whose price is $48,000, to install a

office. You can pay $20,000 in cash and the rest will be paid in 15 installments.
equal annual installments. What will be the value of these installments if the debt earns interest?
annual of 12 percent?
Response
a
15
The balance to finance is 28,000 xFRC 0.1 R=4,11

CASE 08: VEHICLE MAINTENANCE

It is estimated that the maintenance cost of a new vehicle will be US$ 5000 at the end.
from the first year and increases by US$ 1,000 each year for the six years that are planned
maintain. The vehicle is currently valued at US$ 22,000. If the bank gives you five percent
one hundred annual interest on the deposits you have been making and if
you do not have the possibility to have money for future maintenance,
How much should I have saved in the bank today to be sure that with that
The amount plus the interest that the bank pays could allow him to purchase the car and afford its expenses.
future maintenance?
The idea is to know how much I should deposit today in the bank so that I can
to allocate for maintenance expenses including the purchase of the car in the
period "o" for which we have the following equation:

C= 22,000 + 5,000 + 6,000 + 7,000 + 8,000 + 9,000

+10,000
1 2 3 4 5
(1.05) (1.05) (1.05) (1.05) (1.05)
6
(1.05)

$59,346.

CASE 09: WILL

Luis Torres' will stipulates that his executor must sell all the assets.
from her inheritance and invested the liquid product in a 10-year bond that will pay
annual coupons to his nephew Manuel Acorda. The executor finds that the only
Active finds that there is an inheritance consisting of US$ 500,000 in gold promissory notes.
from Maracaibo Petroleum Oil Company, which mature in 8 years and earn
TEA 6 percent interest payable semi-annually. Shortly before dying, Luis
Torres, the Maracaibo Petroleum Oil Company stumbled upon financial difficulties and
agreed with the holders of its notes to suspend the regular payment of the coupons,
they would remain as a deferred liability. At the time of maturity of the promissory notes, they
I would cancel the bondholders, once and for all, the capital plus the coupons with the
interest on them, which would be capitalized semiannually at 6 percent per year.
These values cannot be traded in the market but an AFP offers
buy them at a price that would be determined by calculating their present value using a
7.5 percent annual rate. The capital obtained is used to acquire a bond.
annual coupon payable, subject to 5.5 percent per year. What is the amount of
these coupons?
Response
a
First, each of the unknowns must be identified.
1st Determine the amount of the promissory note at 6% in 8 years.
2nd Determine the present value of this amount at the rate paid by the AFP of
7.5%
3rd Calculate the annuity acquired over 10 years at a rate of 5.5% per year for
thus determining what the heir will receive annually.

1stM=CxFSC160.029563014 =796.924

2ª C=SxFSA80.075 =446,837

3rd R = CxFRC100.055 = 59.281

CASE 10: DEPOSIT

A person wants to make a deposit of US$ 50.00 today at a bank with the
purpose of continuing to make ten additional semiannual deposits for the
same amount, the first of them within 6 months. If the bank pays you 10 for
One hundred semester, how much will it delay six months after the last deposit?
Response
a
The objective of this problem is to determine the future value of the savings.
made by this person. If today they make the first deposit and six months
then he starts to make 10 additional deposits semiannually means that
He has made a total of 11 transactions and then 6 more months pass without making one.
new deposit and interest is charged for a period.
M= RxFCS110.10 =926.55
M=CxFSC10.1 = 1019214.

CASE 11: MASTERY

A master's degree in Business Administration has a cost of $190 for each

study credit. The curriculum plan includes 60 credits that can be
approved satisfactorily within the period of 2 years. Carla Venegas, student of
Administration that is 3 years away from completing high school.
decided to pursue a master's degree at the end of his bachelor's degree. For these purposes, in order to
Every month and for the next three years, he will save a certain amount.
constant that the allow cover the cost of your
master's degree. Considering that Carla can perceive a TEM of 0.5% for
your savings and that the master's payments will be made in equal installments each month
of my
How much should Carla save monthly?
Response
a

a) Total cost of the master's degree $190 x 60 credits = $11,400

b) Calculation of monthly installments for the master's degree $11,400 / 24 = 475

c) Amount to accumulate at the end of month 36 to cover 24 payments of $475

24
C = R x FAS 0.005 $10,717.

d) Monthly rent that must be saved until month 36

36
R=10,717 x FDFA. 005 $272.45

CASE 12: PAYMENTS

The company Colacci decides to cancel the last fixed installments of a loan.
contracted with the agricultural bank Each of the installments amounts to 40,000
the same ones that will expire in 30, 60, 90, and 120 days. What amount should be
cancel today the company if they charge a 5% fee.
Response
a
4
C=RxFAS 0.05 = $141,838

CASE 13: GENERATOR

The company El Carmen wants to acquire a generator set within 6
months, in order to replace the one we currently have. The price of the equipment is
estimate at $9000. The administrator Mario Maguiña has suggested starting to save.
a fixed monthly amount so that when the time comes it can cover the
price of the new equipment What amount should the company save at the end of each month
if a bank pays an annual rate of 30% and compounds monthly?
Response
a
R=SxFDFA0.0256 =$1409

CASE 14: COMPUTER

Mrs. María Spencer wants to buy a computer through one of the
campaigns made by Continental Bank The computer you intend to buy
it costs $5,475. How many months should he deposit $500 at the end of the month if the bank pays the
24% per year and capitalizes monthly?
response
a
To find the value of n, you just need to apply one of the formulas.
corresponding to find n, which are: NPERT
Applying the result is 10 overdue monthly deposits

CASE 15: LOAN

Find the number of letters of 291,788 at an annual interest rate of 48% compounded.
monthly allows to pay a loan of 3,400,000?
Response
To find the value of n, you just need to apply one of the formulas.
corresponding to find n, which are: NPERT
The result is from 10 overdue monthly deposits of 291,788.