P5.19 Valor futuro de una anualidad, 2 puntos cada respuesta, 22 puntos.

Ordinary Annuity
A
N =10, I =8%, PMT= $2,500
Solve for FV= $36,216.41

(2) Annuity Due

$36,216.41 *1.08 =$39,113.72

N= 6, I= 12%, PMT =$500

Solve for FV =$4,057.59

$4,057.59* 1.12= $4,544.51

N =5, I= 20%, PMT $30,000

Solve for FV =$223,248

$223,248 *1.20 =$267,897.60

N =8, I= 9%, PMT= $11,500

Solve for FV =$126,827.45

$126,827.47 *1.09= $138,241.92

N =30, I= 14%, PMT =$6,000

Solve for FV= $2,140,721.08

$2,140,721.08* 1.14= $2,440,442/03

b
La anualidad es mayor en el valor futuro. Si se registra los pagos al comienzo del ao tendra otro ao
adicional de capitalizacin.

P5.20 Valor presente de una anualidad, 22 puntos.

(1) Ordinary Annuity
A
N= 3, I= 7%, PMT =$12,000
PV =$31,491,79

(2) Annuity Due

$31,491.79 *1.07= $33,696.22

N =15, I =12%, PMT= $55,000

PV =$374,597.55

$374,597.55* 1.12= $419,549.25

N =9, I= 20%, PMT= $700

PV =$2,821.68

$2,821.68* 1.20= $3,386.02

N =7, I= 5%, PMT =$140,000

Solve for PV =$810,092.28

$810,092.28 *1.05 =$850,596.89

N =5, I= 10%, PMT =$22,500

PV= $85,292.70

$85,292.70* 1.1= $93,821.97

b. La anualidad anticipada es mayo en el Present Value. Si se deposita el pago al principio tiene un ao

menos que descontar.

P5.22 Planeacin de jubilacin, 2 puntos cada respuesta, 12 puntos.

a. N =40, I =10%, PMT =$2,000
FV $885,185.11

b. N= 30, I =10%, PMT =$2,000

FV $328,988.05

c. El costo de oportunidad es de $556,197. La diferencia de la deuda de ambos depsitos es de $20,000

($2,00010 aos).
d. Annuity Due:
N =40, I= 10%, PMT= $2,000
FV $885,185.11
Ajuste de anualidad= $885,185.11* 1.10 =$973,703.62
N =30, I= 10%, PMT =$2,000
FV $328,988.05
Ajuste=: $328,988.05 *1.10 =$361,886.85
Ambos depositos aumentaron la deuda para otro ao .

P5. 26 Perpetuidades, 2 puntos c/u, 8 puntos.

Caso
A
B
C
D

Ecuacin
$20,000/ 0.08
$100,000/ 0.10
$3,000 /0.06
$60,000/ 0.05

Valor
$250,000
$1,00,000
$50,000
$1,200,000