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    Constanza Inostroza - S3

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    1. A customer bought a TV for $299,900 by paying $150,000 up front and financing the remaining $149,900 over 5 monthly installments at 1.4% interest. The monthly payment was calculated to be around $30,831. 2. Camila saved $26,000 per month for 15 years at 1.2% monthly interest. With these deposits, she was able to buy an apartment that cost $16,577,358. 3. A wealthy man wanted to leave $6,000,000 annually to a charity in perpetuity. At a 7.5% annual interest rate, he would need to deposit $86,000,000 initially to secure that funding

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    Constanza Inostroza - S3

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    23 vistas4 páginas
    1. A customer bought a TV for $299,900 by paying $150,000 up front and financing the remaining $149,900 over 5 monthly installments at 1.4% interest. The monthly payment was calculated to be around $30,831. 2. Camila saved $26,000 per month for 15 years at 1.2% monthly interest. With these deposits, she was able to buy an apartment that cost $16,577,358. 3. A wealthy man wanted to leave $6,000,000 annually to a charity in perpetuity. At a 7.5% annual interest rate, he would need to deposit $86,000,000 initially to secure that funding

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    Financial mathematics

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    Constanza Inostroza_S3

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    1. A customer bought a TV for $299,900 by paying $150,000 up front and financing the remaining $149,900 over 5 monthly installments at 1.4% interest. The monthly payment was calculated to be around $30,831. 2. Camila saved $26,000 per month for 15 years at 1.2% monthly interest. With these deposits, she was able to buy an apartment that cost $16,577,358. 3. A wealthy man wanted to leave $6,000,000 annually to a charity in perpetuity. At a 7.5% annual interest rate, he would need to deposit $86,000,000 initially to secure that funding

    Copyright:

    © All Rights Reserved
    Descargue como DOCX, PDF, TXT o lea en línea desde Scribd
    Descargar como docx, pdf o txt
    23 vistas4 páginas

    Constanza Inostroza - S3

    Cargado por

    ScribdTranslations
    1. A customer bought a TV for $299,900 by paying $150,000 up front and financing the remaining $149,900 over 5 monthly installments at 1.4% interest. The monthly payment was calculated to be around $30,831. 2. Camila saved $26,000 per month for 15 years at 1.2% monthly interest. With these deposits, she was able to buy an apartment that cost $16,577,358. 3. A wealthy man wanted to leave $6,000,000 annually to a charity in perpetuity. At a 7.5% annual interest rate, he would need to deposit $86,000,000 initially to secure that funding

    Copyright:

    © All Rights Reserved
    Descargue como DOCX, PDF, TXT o lea en línea desde Scribd
    Descargar como docx, pdf o txt
    de 4

    FINANCIAL MATHEMATICS

    WEEK 3
    Constanza Inostroza
    23-01-2022
    General Accounting

    minstitute
    | C LL professional
    minstitute

    | Professional C UUL
    DEVELOPMENT
    Solve the following practical annuity exercises:

    1) A retail company, as a result of the boom in television sales due to the Copa América, is launching a
    55-inch LED promotion at $299,900. A customer decides to buy this television by paying $150,000 in
    cash and the difference in 5 equal installments with a compound interest rate of 1.4% monthly.
    What will be the value of the installment, if it is payment due?

    R=149,900 = 29,980 since it is divided into 5


    I=1.4 monthly = 0.014
    N= 5 months

    F= 29,980(((1+0.014) ^ 5 -1) /0.014 )


    =154.156 /5 = 30.831

    The monthly payment would be approximately $30,831. It is said to be approximate because it was
    divided Solomonically by the number of periods.

    Calculating compound interest manually would give $32,137.

    2) Today Camila acquires a new apartment, she buys it with the money she started saving since she
    started working 15 years ago. To do this, he deposited $26,000 at the beginning of each month in an
    account that earned interest at 1.2% monthly. With that background, how much did the apartment
    cost?

    F=R((1+i) n – 1 / i) (1+i)

    R= 26,000

    I= 1.2% monthly = 0.012

    n= 15 years = 180 months

    26.000 ((1+0,012) 180 -1 /0,012 (1+0,012)

    =$16.577.358

    The apartment cost $16,577,358

    3) A wealthy man wishes to leave a perpetual fund to a charitable institution, which will allow him to
    obtain $6,000,000 every year to finance its operations, starting one more year. If a bank offers an
    interest of 7.5% per year for this type of funds. How much should you deposit in the fund today to
    secure that amount of money indefinitely?

    Since you say you need the money to run your operations, I assumed an early annuity was needed.
    minstitute

    | Professional C UUL
    P=(6,000,000*(1+0.075))/0.075

    P= 86,000,000

    The man must deposit $86,000,000 in the fund today to ensure the stipulated amount of money
    indefinitely.
    minstitute

    | Professional C UUL
    BIBLIOGRAPHIC REFERENCES
    IACC (2018). Annuities, perpetuities and capitalization. Financial mathematics. Week 3

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