NATIONAL UNIVERSITY OF ENGINEERING

FACULTY OF CONSTRUCTION TECHNOLOGY

DEPARTMENT OF CONSTRUCTION
ECONOMIC ENGINEERING

WORK ON DEFERRED ANNUITIES

Members:
Ricardo Leonel Berrios Navarro 2015-1266U
Maria Elena Dixon Chavez 2015-0102U
José Dolores Gutiérrez Hernández 2015-0214U
Jeancarlo Emanuel Sequeira 2015-0595U
Group:
-IC-41D
Professor:
Ing. Miguel Fonseca
Date:
February 7, 2018
 A car is sold with an initial payment of $3,000 and 60 payments of
$350.00 monthly, the first one in 3 months. If the interest rate
about balances is 18% CM. Determine (a) the cash value of the car (b)
the term of the last monthly payment.

$3000
grace period= 2 months
$350
j = 18% CM
i = 1.5%
Present value.

A((1 + i) − − 1)
=
i(1 + i)
$350((1 + 0.015)60-2−
= $13378.72
0.025(1 + 0.015)60
Total value.
P= $13378.72 + $3000 = $16378.72
Future value at the end of the payments.

= (1 + i )
(
F = $16378.721.015 ) 62 = $41226.33
The acquisition cost of a machine is $30,000. The costs of
operation and maintenance are estimated at $500.00 monthly, starting
in the 6th month after starting operations. If the rate at which it is charged is
1% monthly, determine: (a) the equivalent annual cost
equivalent semester uniform, both calculations up to year 3.

$30000
$500
K=5 months
i = 1%
n= 36

A((1 + i) − −
= (1 + i)−
i(1 + i) −
 $500((1 + 0.01)35−5− 1)
= ( 1 + 0.01 ) −5 = $12627.04
0.01 (1+ 0.01 ) 36−5
Total cost.
CT= 12267.04 + $30000 = $42627.04

3. Determine the present and final value of the deposits of $350.00 quarterly,
made for the investment fund of a consulting firm, the
the first deposit was made at the end of the first year and for 4 years at a
interest rate of 16% C.T.

$350
k=3
n = 19 quarter
j = 16% C.T
i = 4%
Present value.

(1 + i) − − 1)
= (1 + i)−
i(1 + i) −
$350((1 + 0.4)19−3− 1)
= ( 1 + 0.04 ) −3 = $3625.60
0.04 (1+ 0.4 ) 19−3
Future value.

A((1 + i) − − 1)
=

$350.00((1 + 0.04)19−3−
= = $7638.59
0.04
5. A businessman from the capital who is going to set up a factory is offered a loan with
a total time of 5 years including a grace period of 2 years, amortization
through equal monthly installments at an effective annual interest rate of 26.8242%. Find
The payment for a loan of $1,000,000.00 Answer: $63,103.58. = 5, ᵕ ñe =
60 measures
=2 ñ = 24 measures
268242
= 26.8242% = = 2.2353 measureal
12
$1000000
P * i * (1 + i)
=
(1 + i) − − 1
022353 * (1.022353)60
=
(1.022353)60-24− 1
= $69237.6351
6. Don José Cantor needs to make some repairs in his residence.
the arrival of winter. He needs the money for May first, but he can only
pay a maximum of C$ 3,000 monthly starting from the first of October until the
first of June of the following year. At an effective interest rate of 6.1208%
quarterly, determine the maximum amount that Don José can receive in a loan.
C$ 22,621.94.
1− (1 + i)− +
= [ ] (1+ )−

1− 1 (+ 0.015302 ) −13+4
P = $3,000 1+( 0.015302 ) −4
0.015302

= $23.568.96
A company must pay pensions to its retired workers.
quarterly for an amount of $20,000 for 5 years, the first payment
it will do so in a year. To this end, the Company has decided to make a deposit in a
banking institution to allow him to assume future obligations. If the
the deposit accrues an interest of 8.24321% effective, determine the value of the deposit.
$ 269,351.20.

= $20000
= 5 anpo =20 times
= 3 times
0.082431
i = 8.2431% annual = = 0.0206
3
A[( 1+ ) − − 1 ]
=
i(1 + i)
$20000 [(1+ 0.0206 ) 20−3 − 1 ]
=
0.0206(1 + 0.0206)20
= $267532.673
8. When your child turns 10 years old, a parent makes a deposit of $ X in a
trust aimed at securing their university studies, which they will start
when I turn 18 years old. By that time, the value of the fees and other expenses
prepaid are estimated at:
Semester registration $100.00
Monthly teaching payment 50.00
Expenses on books per semester 145.00
Transport per semester 180.00
Monthly food and housing 250.00
Semester clothing 120.00
Unexpected monthly expenses 25.00
Graduation rights at the end of the last semester of the degree. 800.00
9. Assuming that the degree lasts 5 continuous years and the interest rate is 8%
annual effective. What will be the value of the deposit? Answer $ 11,558.75
mat x semeste = 100 * 10 = 1000
Dpocecicia x mes = 50 *60 = 3000
= 145 * 10 = 1450
Tαs x семeстe = 180 ∗ 10 = 1800
= 250 ∗60 = 15000
Vest x semester = 120 * 10 = 1200
= 25 *60 = 1,500
Decrees of graduation = 800
= $25750
[( 1.08− 1 ) 6 ]
8= 25750
( 1 + 0.08 )∗ 0.08
6

8= 18890.01232
18890.01232
0=
( 1 + 0.08 )

0= $11903.91201
10. A company wishes to gather $3,000,000 in 5 years by making quarterly deposits into
a savings account that pays 12% C.T. for completed and past periods. After
For 2 years, the bank raised the interest rate on its savings accounts to 18% C.T. If it continued
Making deposits of equal amounts, what will be the total capital accumulated at the end of 5 years?
$3,410,192.
F =3,000,000
N =5 years +2years + 5 years
= 12y 18% CT
F*i $90,000
A =[ ]= $ 11,647.1228
(1 + i)n−k − 1 (1 + 0.03)20− 1
(1 + i)n−k − 1 $ 11,647.1228[(1.045)20− 1
F=A[ ]=
i 0.045
F = $ 3,410.192
12. An institution wishes to gather $300,000 through 6 equal semiannual deposits due.
What should be the value of the installment?
How much of the increase in the fund is due to interest in period 4.
= $300,000 F∗i $300,000∗0.05
a)A =[(1+i) −1
n−k
] = 6
(1+0.05) −1
= 5% effective semester
$44,105.24
=6
1 año 3meses 1 año
b) (1trim4Im)=
=0 12 meses

(1 + i)n−k − 1
F = A[ ]
i
AMORTIZATION TABLE:
PERIOD DEPOSIT OR INCREASE TOTAL DEMO FUND
RENT OF INTEREST ADDED TO
FUND
1 $44,105.24 ------- $ 44,105.24 44,105.24
2 $ 44,105.24 2,205.25 $46,310.50 $90,415.74
3 $ 44,105.24 4,520.79 $48,626.03 $ 139,041.77
4 $ 44,105.24 $ 6,952.09 $51,057.33 $190,099.1
5 $ 44,105.24 $ 9,504.95 53,610.195 $243,709.29
6 $ 44,105.24 $12,185.46 $56,290.27 $ 300,000
13. Determine the present and final value of a savings account that was opened with a
initial capital of $1,200, deposit of $860 after 3 months and monthly deposits
from $324.50 from month 5 to month 18 inclusive, interest of 6% C,M.
= $ 1200
Deposit of $860 to the place 3 messages
= 18 messages
= 4 months
= 6%
6
= 0.5%
12
a) Present Value of the Savings Account

A[(1 + i)n−k − 1 ( $ 324.5[(1.005)

) 18−4− 1
P= =
i(1 + i)n (0.005)(1.005)18
P = $ 4290.6274
Present value of the deposit after 3 months:
$860(1.005)−3= 847.2279

Total Present Value of the Account:

P = $1200 + $847.2279+ $ 4290.6274
= $ 6337.8553

b) Future Value of the Account:

F = P(1 + i) = ($ 6337.8553)(1.005)18
= $ 6933.1633
14. What is the current and final value of a financial obligation that starts at 4
months through payments of $455.38 and has a total duration of 42 months.
24% effective? Answer: $12,000 $25,477.62.
= 42
= 3 measures
a)
(1 + i)n−k − 1
P=A[ (1 + i)n−k
i(1 + i)n−k
(1 + 0.01809)42−3− 1
P = 455.38 [ (1 + 0.01809)42−3
0.01809(1 + 0.01809)42−3
A = $ 12,000.05

b)
1 1
PP<Pi i2= (1 + i1) − 1 = (1 + 0.24)− 1 =120.01809
(1 + i) − −1
= [ ]

(1 + 0.01809)42−3− 1
F = 455.38[ ]
0.01809
= $ 25,47892≈ $ 25,47763