Ms Villalobos Capítulo 08

Matemáticas financieras Manual de soluciones
José Luis Villalobos

4ª edición PEARSON
CAPÌTULO 8
Ejercicios 8.2
*9. 35,000 = ⇒ -Cn = 35,000(7) – 325,000 ⇒ Cn = $80,000
*10. Cn = 180,000(1.054)5 – 8,000 = $189,580.32
11. Cn = 1’345,000(1.085)10 – 130,000 = $1’112,459.82
*12. 7,150 = ⇒ Cn = $129,250
13. Cn = 2’500,000(1.06)30 – 160,000 = 1’709,418.13
*14. C20 = 2’500,000(1.06)20 – 160,000 = $2’132,144.09
15. a) 23,000 = 120,000(1.14)8 – R
23,000 = 342,310.3706 – R(13.23276016)
R = 319,310.37/13.23276016 ⇒ R = $24,130.2923
b)
Fin del año Valor por Depreciación Depreciación Valor contable

inflación anual acumulada
0 - - - 120,000.0000
1 136,800.000 24,130.2923 24,130.2923 112,669.7077
2 128,443.4668 24,130.2923 48,260.5846 104,313.1745
3 118,917.0189 24,130.2923 72,390.8769 94,786.7266
4 118,056.8683 24,130.2923 96,521.1692 83,926.5760
5 95,676.2966 24,130.2923 120,651.1462 71,546.0043
6 81,562.4450 24,130.2923 144,781.7538 57,432.1526
7 65,472.6540 24,130.2923 168,912.0461 41,942.3617
8 47,130.2924 24,130.2923 193,042.3384 23,000.0000
16. Cn = 150,956.07(1.048)5 – 9,600 = 138,000.00 ⇒ Verdadero.
17. Cn = 127,500(1.055)4 – 35,200 = 5,102.37 ⇒ Falso.

18. Cn = 275,000(1.068)8 – 17,850 = 283,658.26 ⇒ Verdadero.
19. = 18,300 ⇒ Verdadero.
20. = 40,833.33 ⇒ Verdadero.
21. = 0.17142857 o bien, 171,428.57 ⇒ Verdadero.
22. 8,150 = (129,500 – 48,000)/n ⇒ n = 10 años. (c)
23. 69,300 = 190,000(1.093)7 – R
⇒ 9.285487753(R) = 284,774.5686 ⇒ R = $30,668.78 (a)
24. Cn = 275,000(0.70) = 192,500
192,500 = 275,000(1.0728)8 – R ⇒ R = 289,983.8851/10.3638304
R = $27,980.38 (c)
25. 1 + e = (1 + 0.032/2)2 = 1.032256
Cn = 160,000(1.032256)5 – 15,000
Cn = 187,524.088 – 79,997.0057 = $107,527.09 (c)
26. Cn = 107,335.60(1.028)3 – 18,350
= 116,814.6269 – 56,605.7864 = $60,208.84
27. 8,250 = ⇒ Cn = 190,500 – 8,250(6) = $141,000 (d)
28. R = = 0.144285714 o bien, $144,285.14 (a)
29. (1 + 0.004)6 = 1.024241284
C9 = 965,000(1.024241284)9 – 35,000
= 849,811.8453 o bien, $849,811.85 (a)
30. 35,000 = 246,606(1.068)n – 32,350

35,000 = 246,606(1.068)n – 475,735.2941[(1.068)n – 1]
35,000 = 246,606(1.068)n – 475,735.2941(1.068)n – 475,735.2941
229,129.2941(1.068)n = 440,735.2941
(1.068)n = 440,735.2941/229.129.2941 = 1.923522245
n = ln(1.923522245)/ln(1.068) = 9.94346367
0.94346367(12) = 11.321564 ⇒ 9 años 11 meses aproximadamente.
Ejercicios 8.3
(1 + 0.004)6 = 1.024241284
*2. Ru = = 400
Suma = 35 + 32 + 29 + 27 + 26 + 21 = 170
R1 = 35Ru = 14,000
R2 = 32Ru = 12,800
R3 = 29Ru = 11,600
R4 = 10,800, R5 = 10,400, R6 = 8,400
⇒ $14,000, $12,800, $11,600, $10,800, $10,400, $8,400
*3. S = [ ]2 = 29.233472 Ru = = 2,531.344891
R1 = R2 = 4(2,531.344891) = 10,125.37956,
R3 = R4 = 3.76Ru = 9,517.85679
R5 = R6 = 3.5344Ru = 8,946.785383,
R7 = R8 = 3.322336Ru = 8,409.97826
⇒ $10,125.38, $9,517.86, $8,946.79, $8,409.98
*4. R = = 0.09
R1 = 250,000(0.09) = 22,500
R2 = 270,000(0.09) = 24,300
R3 = 300,000(0.09) = 27,000
R4 = 260,000(0.09) = 23,400
R5 = 220,000(0.09) = 19,800
R6 = 200,000(0.09) = 18,000
⇒ $22,500, $24,300, $27,000, $23,400, $19,800, $18,000
5. Ru = ⇒ Ru = $1,500 ⇒ R = $4,125.00
6. S = [ ] = 11,900
Ru = = 16.54411765
R1 = 2,000Ru = 2,000(16.54411765) = 33,088.24
R2 = 31,433.83, R3 = 29,779.42, R4 = 28,125.00 R5 = 26,470.59
R6 = 24,816.18 y R7 = 23,161.76
⇒ $33,088.24, $31,433.83, $29,779.42, $28,125.00, $26,470.59, $24,816.18,
y $23,161.76
*7. S = [ ] = 5’660,000
Ru = = 0.015 S= [ ] = 3’575,000
= 0.015 ⇒ Cn = $76,375
130,000 – 76,375 = $53,625 b) $76,375
8. D = 12,000(4)(0.35) = 16,800 ⇒ Cn = C – D = $11,200
9. S = 13,000 = 48,228.375
D = 48,228.375(0.35) = 16,879.93 ⇒ Cn = C – D = $11,120.07
10. Rn = = 36.8 Suma = 25,000

R1 = 4,800(36.8) = 176,640, R2 = 193,200, R3 = 4,350(36.8) = 160,080
R4 = 143,520, R5 = 3,400(36.8) = 125,120, y R6 = 121,440
⇒ $176,640, $193,200, $160,080, $143,520, $125,120, y $121,440
11. Ru = = 1.8
R1 = 13,500(1.8) = 24,300 R2 = 15,850(1.8) = 28,530.00
R3 = 24,750 R4 = 23,760 R5 = 8,700(1.8) = 15,660
⇒ $24,300, $28,530, $24,750, $23,760, y $15,660
12. S = 3,000 = 13,573.14375
Cn = 75,000 – 13,573.14375(4) = $20,707.42 Verdadero.
13. R1 = 24,030 = 135,000Ru Ru = 0.178
P = 135,000 = 1’012,762.816
(265,000 – Cn)/1’012,763 = 0.178 ⇒ Cn = $84,728.19 Verdadero.
14. P = 135,000 = 922,619.99 P2 = 135,000(1 – 0.008) = 133,920
(265,000 – Cn)/922,620 = 0.178 ⇒ Cn = $100,773.64 Verdadero.
15. (18,000 – Cn)/(11,000)3 = 0.32 ⇒ Cn = $7,440 Verdadero.
*16. Ca = 18,000(1.0398) = 18,716.40
C1 = 18,716.40 – 11,000(0.32) = 15,196.40
Cb= 15,196.40(1.0398) = 15,801.22
C2 = 15,801.22 – 11,000(0.32) = 12,281.22
Cc = 12,281.22(1.0398) = 12,770.01
C3 = 12,770.01 – 11,000(0.32) = $9,250.01 Falso.
*17. P1 = 45,000, P2 = 45,000(0.98) = 44,100, P3 = 43,218 y P4 = 42,354
P1 + P2 + P3 + P4 = 174,672 6,440.66/45,000 = 0.143125778

⇒ D = 174,672(1.143125778) = 25,000.07
C = Cn + D = $160,000 Verdadero.
*18. 4.5 = P1(1.02)9 ⇒ P1 = 4.5/1.195092569 = 3.765398696 millones.
P2 = P1(1.02) = 3.84070667
PT = P1 = 41.23006518 o bien, 41’230,065.18
Ru = (275,000 – 63,000)/ 41’230,065.18 = 0.005141879
R2 = 0.005141879(3’840,707) = 19,748.45 (a)
*19. P = 12,000 = 12,000(6.853460925) P = 82,241.5311 u 82,242
R1 = 21,321 C = 150,000
⇒ (12,000) = 21,321
-Cn = 21,321(82,242)/12,000 – 150,000 = -3,876.5265 o bien, Cn = $3,876.53 (c)
*20. S7 = 25,000 = 219,683
Ru = (123,200 – 48,000)/219,683 = 0.342311422
P1 = 25,000 P2 = P1(1.075) P3 = P1(1.075)2 = 28,890.625
R3 = 28,890(0.342311422) = $9,889.38 (c)
21. S7 = [2(25,000) + 6(-1,140)] = 151,060
Ru = (123,200 – 48,000)/151,060 = 0.497815438
P3 = 25,000 + 2(-1,140) = 22,720 ⇒ R3 = 22,720(0.497815438) = $11,310.37 (c)
22. P1 = 45,000, P2 = 45,000(0.98) = 44,100, P3 = 43,218 y P4 = 42,354
P1 + P2 + P3 + P4 = 174,672 6,440.66/45,000 = 0.143125778
⇒ D = 174,672(1.143125778) = 25,000.07
C = Cn + D = $160,000 (a)
23. Ru = (425,000 – 103,385)/108,990 = 2.950867052

R4 = 18,595(2.950867052) = $54,871.37 (a)
24. P =2,950(1-(1-0.035)7)/(1-(0.965)) = 18,603.89629 o bien 18,604
P4 = 2,950(0.965)3 = 2,650.96 o bien, 2,651
Ru = = 12.0941733
R4 = 2,651(12.0941733) = $32,061.65 (a)
*25. a) S = 3,000 = 17,123.64287
Ru = = 15.18368504
R1 = 3,000(Ru) = 45,551.05512
R2 = 44,640.03402 R3 = 43,747.23334 ⇒ $43,747.23 (b)
b)
Fin de año Producción Depreciación Depreciación Valor contable

anual anual acumulada
0 - - - 325,000.00
1 3,000.0000 45,551.0551 45,551.0551 279,448.9449
2 2,940.0000 44,640.0340 90,191.0891 234,808.9109
3 2,881.2000 43,747.2333 133,938.3225 191,061.6775
4 2,823.5760 42,872.2887 176,810.6112 148,189.3888
5 2,767.1045 42,014.8429 218,825.4541 106,174.5459
6 2,711.7624 41,174.5460 260,000.0001 65,000.00
Ejercicios 8.4
*3. (6/21)x = 21,690 ⇒ x = 75,915 (base de depreciación)
Ca = 90,000(1.096) = 98,640 ⇒ C1 = Ca – 21,690 = 76,950.00
Cb = C1(1.096) = 84,337.20 C2 = Cb – (5/21)x = 66,262.20
Cc = C2(1.096) = 72,623.37 ⇒ C3 = Cc – (4/21)x = 58,163.37
Cd = C3(1.096) = 63,747.05 ⇒ C4 = Cd – (3/21)x = 52,902.05

Ce = C4(1.096) = 57,980.65 ⇒ C5 = Ce – (2/21)x = 50,750.65
Cf = C5(1.096) = 55,622.71 ⇒ C6 = Cf – (1/21)x = $52,007.71
⇒ C6 = $52,007.71
Final de año Valor con Depreciación Depreciación Valor en libros

0 - - - 90,000.00
1 98,640.00 21,690.00 21,690.00 76,950.00
2 84,337.20 18,075.00 39,765.00 66,262.20
3 72,623.37 14,460.00 54,225.00 58,163.37
4 63,747.05 10,845.00 65,070.00 52,902.05
5 57,980.65 7,230.00 72,300.00 50,750.65
6 55,622.71 3,615.00 75,915.00 52,007.71
4. i = (1.009)12 – 1 = 0.113509675
(4/10)x = 5,000 x = 12,500 x/10 = 1,250
Ca = 45,000(1.113509675) = 50,107.93538 ⇒ C1 = Ca – 5,000 = 45,107.93538
Cb = C1(1 + i) = 50,228.12246 ⇒ C2 = Cb – 3/10(x) = 46,478.12246
Cc = C2(1 + i) = 51,753.83904 ⇒ C3 = Cc – (2/10)x = 49,253.83904
Cd = C3(1 + i) = 54,844.6263 ⇒ C4 = Cd – (1/10)x = 53,594.6263 o bien, $53,594.63
*5. Suma = 1 + 2 + 3 + 4 = 10
Ru = = 219, R1 = 4Ru = 876, R2 = 3Ru = 657, R3 = 2Ru = 438, R4 = 219
⇒ $876, $657, $438, $219
6. (4/10)x = 35,000 ⇒ x = 87,500 x/10 = 8,750 S = 10
Ca = 160,000(1.072) = 171,520 ⇒ C1 = Ca – 35,000 = 136,520
Cb = C1(1.072) = 146,349.44 C2 = Cb – (3/10)x = 120,099.44
Cc = C2(1.072) = 128,746.5997 C3 = Cc – (2/10)x = 111,246.5997

Cd = C3(1.072) = 119,256.3549 C4 = Cd – (1/10)x = 110,506.3549 o bien, $110,506.35
*7. i = (1.038)2 – 1 = 0.077444 (6/21)x = 8,205 ⇒ x/21 = 1,367.50
Ca = 82,050(1.077444) = 88,404.2802 ⇒ C1 = Ca – 8,205 = 80,199.2802
Cb = C1(1 + i) = 86,410.23326 ⇒ C2 = Cb – 5(x/21) = 79,572.73326
Cc = C2(1 + i) = 85,735.16401 ⇒ C3 = Cc – 4(x/21) = 80,265.16401
Cd = C3(1 + i) = 86,481.21937 ⇒ C4 = Cd – 3(x/21) = 82,378.71937
Ce = C4(1 + i) = 88,758.45691 ⇒ C5 = Ce – 2(x/21) = 86,023.45691
Cf = C5(1 + i) = 92,685.45751 ⇒ C6 = Cf – x/21 = $91,317.96
b) D.A. = 1,367.50(6 + 5 + 4) = $20,512.50
*8. (5/15)x = 7’800,000 ⇒ x = 23.4 millones x/15 = 1.56
Ca = 30(1.1072) = 33.216 ⇒ C1 = Ca – 7.8 = 25.416 millones.
Cb = C1(1.1072) = 28.140595 ⇒ C2 = Cb – (4/15)x = 21.900595
Cc = C2(1.1072) = 24.248339 ⇒ C3 = Cc – (3/15)x = 19.568339
Cd = C3(1.1072) = 21.666065 ⇒ C4 = Cd – (2/15x) = 18.546065
Ce = C4(1.1072) = 20.534203 ⇒ C5 = Ce – (1/15)x = 18.974203
o bien, $18’974,203.00
b)
Final de año Valor con Depreciación Depreciación Valor en libros

0 - - - 30.00000000
1 33.21600000 7.8 7.8 25.41600000
2 28.14059520 6.24 14.04 21.90059520
3 24.24833901 4.68 18.72 19.56833901
4 21.66606495 3.12 21.84 18.54606495
5 20.53420311 1.56 23.40 18.97420311
c) $19,568.34 (véase el cuadro)
9. Ru = = 0.335 R1 = 6Ru = 2.01, R2 = 1.675, R3 = 4Ru = 1.34

R4 = 3Ru = 1.005, R5 = 2Ru = 0.67, R6 = Ru = 0.335
$2.01, 1.675, 1.34, 1.005, 0.67 y 0.335 millones.
10. = 0.75 R1 = 2(0.75) = 1.5 R2 = 0.75
⇒ $1.5 y 0.75 millones de pesos.
*11. 1 + 2 + 3 + 4 + 5 + 6 + 7 = 28 (5/28)x = 21,000 x = 117,600
C – Cn = 117,600 ⇒ Cn = C – 117,600 = 107,400
R1 = (7/28)x = 29,400 R2 = 25,200 R3 = 21,000 R4 = 16,800
R5 = (3/28)x = 12,600 R6 = (2/28)x = 8,400, R7 = 4,200
Fin de año Depreciación anual Depreciación Valor en libros

acumulada
0 - - 225,000.00
1 29,400 29,400 195,600.00
2 25,200.00 54,600.00 170,400.00
3 21,000.00 75,600.00 149,400.00
4 16,800.00 92,400.00 132,600.00
5 12,600.00 105,000.00 120,000.00
6 8,400.00 113,400.00 111,600.00
7 4,200.00 117,600.00 107,400.00
b) $107,400
12. Ru = = 340 R1 = 5Ru = 1,700 R2 = 4Ru = 1,360
R3 = 3Rn = 1,020, R2 = 2Rn = 680 y R1 = 340
⇒ $1,700, $1,360, $1,020, $680, $340
13. x(6/21) = 5,190 ⇒ x/21 = 865
Ca = 75,260(1.022) = 76,915.72 ⇒ C1 = Ca – 6(x/21) = 71,725.72
Cb = C1(1.022) = 73,303.68584 ⇒ C2 = Cb – 5(x/21) = 68,974.68584
Cc = C2(1.022) = 70,496.21693 ⇒ C3 = Cc – 4(x/21) = 67,036.21693
Cd = C3(1.022) = 68,511.0137 ⇒ C4 = Cd – 3(x/21) = 65,916.0137
Ce = C4(1.022) = 67,366.166 ⇒ C5 = Ce – 2(x/21) = 65,636.166

Cf = C5(1.022) = 67,080.16165 ⇒ C6 = Cf – x/21 = $66,215.16
14. R4 = 12,000 = (2/15)x ⇒ x = 90,000 ⇒ x/15 = 6,000
Ca = 325,000(1.13) = 367,250 ⇒ C1 = Ca – 5(x/15) = 337,250
Cb = C1(1.13) = 381,092.50 ⇒ C2 = Cb – 4(x/15) = 357,092.50
Cc = C2(1.13) = 403,514.525 ⇒ C3 = Cc – 3(x/15) = 385,514.525
Cd = C3(1.13) = 435,631.4133 ⇒ C4 = Cd – 2(x/15) = 423,631.4133
Ce = C4(1.13) = 478,703.497 ⇒ C5 = Ce – x/15 = $472,703.50
15. (16,390 – Cn)(8/36) = 1,950 ⇒ Cn = $7,615
16. R5 = (16,390 – 7,615)(4/36) = $975
17. (656,000 – Cn)(6/21) = 74,000 ⇒ Cn = $397,000
*18. Ca = 656,000(1.068) = 700,608
(6/21)x = 74,000 ⇒ x = 259,000 ⇒ C1 = 700,608 – 74,000 = 626,608
Cb = 626,608(1.068) = 669,217.344 ⇒ C2 = Cb – x(5/21) = 607,550.6775
Cc = C2(1.068) = 648,864.1236 ⇒ C3 = Cc – x(4/12) = 599,530.7903
Cd = C3(1.068) = 640,298.884 ⇒ C4 = Cd – x(3/12) = 603,298.884
Ce = C4(1.068) = 644,323.2081 ⇒ C5 = Ce – x(2/12) = 619,656.5414
Cf = C5(1.068) = 661,793.1862 ⇒ C6 = Cf – x(1/12) = $649,459.85
*19. x(3/15) = 178,000 ⇒ x = 890,000 x/15 = 59,333.3 ̅
Ca = 3’750,000(1.027305579) = 3’852,395.92 1 + i = (1 + 0.0045)6 = 1.027305579
C1 = Ca – 5(x/15) = 3’555,729.254 ⇒ Cb = C1(1 + i) = 3’652,820.50
C2 = Cb – 4(x/15) = 3’415,487.167 ⇒ Cc = C2(1 + i) = 3’508,749.022
⇒ C3 = Cc – 3(x/15) = 3’330,749.022 ⇒ Cd = C3(1 + i) = 3’421,697.053
⇒ C4 = Cd – 2(x/15) = 3’303,030.386 ⇒ Ce = C4(1 + i) = 3’393,221.543
⇒ C5 = Ce – x/15 = $3’333,888.21
*20. x(8/36) = 48,800 ⇒ x/36 = 6,100
Ca = 275,000(1.043) = 286,825 C1 = Ca – 8(x/36) = 238,025
Cb = C1(1.043) = 248,260.075 C2 = Cb – 7(x/36) = 205,560.075
Cc = C2(1.043) = 214,399.1582 ⇒ C3 = Cc – 6(x/36) = 177,799.1582
Cd = C3(1.043) = 185,444.522 ⇒ C4 = Cd – 5(x/36) = 154,944.522
Ce = C4(1.043) = 161,607.1364 ⇒ C5 = Ce – 4(x/36) = 137,207.1364 *
Cf = C5(1.043) = 143,107.0433 ⇒ C6 = Cf – 3(x/36) = 124,807.0433
Cg = C6(1.043) = 130,173.7462 ⇒ C7 = Cg – 2(x/36) = 117,973.7462
Ch = C7(1.043) = 123,046.6173 ⇒ C8 = Ch – x/36 = 116,946.6173
⇒ cinco años (*ver desarrollo anterior)
21. R1 = 12,750(0.08) = 1,020 = (12,750 – Cn)(4/10) ⇒ Cn = $10,200 (d)
*22. (4/10)x = 78,000 ⇒ x = 195,000
Ca = 380,000(1.073) = 407,740 C1 = Ca – 78,000 = 329,740
Cb = C1(1.073) = 353,811.02 ⇒ C2 = Cb – 195,000(3/10) = 295,311.02
Cc = C2(1.073) = 316,868.7245 ⇒ C3 = Cc – 195,000(2/10) = 277,868.7245
Cd = C3(1.073) = 298,153.14 ⇒ C4 = Cd – 195,000(1/10) = $278,653.14 (b)
23. (380,000 – Cn)4/10 = 78,000 ⇒ Cn = 185,000
⇒ Depreciación = 380,000 – 185,000 = $195,000 (d)
24. R4 = (2.53 – 1.25)(2/15) = 0.170 ̅ o bien, $170,666.67 (b)
25. Ca = 190,000(1.07) = 203,300 C1 = 203,300 – 135,000(7/28) = 169,550.00
Cb = C1(1.07) = 181,418.50 C2 = 181,418.5 – 135,000(6/28) = 152,489.928
Cc = C2(1.07) = 163,164.2236 C3 = 163,164.2236 – 135,000(5/28) = 139,057.0807
Cd = C3(1.07) = 148,791.0763 C4 = 148,791.0763 – 135,000(4/28) = 129,505.3620
Ce = C4(1.07) = 138,570.7373 C5 = 138,570.7373 – 135,000(3/28) = $124,106.45 (a)
26. Cf = C5(1.07) = 132,793.9032 C6 = Cf – 135,000(2/28) = $123,151.046

Cg = C6(1.07) = 131,771.6193 C7 = Cg – 135,000(1/28) = $126,950.19 (a)
*27. x(7/28) = 242,000 ⇒ x = 968,000 x/28 = 34,571.42857
1 + i = (1 + 0.038/2)2 = 1.038361
Ca = 2’350,000(1.038361) = 2’440,148.35
C1 = Ca – 7(x/28) = 2’198,148.35
Cb = C1(1 + i) = 2’282,471.519 ⇒ C2 = Cb – 6(x/28) = 2’075,042.948
Cc = C2(1 + i) = 2’154,643.671 ⇒ C3 = Cc – 5(x/28) = 1’981,786.528
Cd = C3(1 + i) = 2’057,809.841 ⇒ C4 = Cd – 4(x/28) = 1’919,524.127
Ce = C4(1 + i) = 1’993,158.992 ⇒ C5 = Ce – 3(x/28) = 1’889,444.706
Cf = C5(1 + i) = 1’961,925.694 ⇒ C6 = Cf – 2(x/28) = 1’892,782.837
Cg = C6(1 + i) = 1’965,391.879 ⇒ C7 = Cg – x/28 = $1’930,820.45 (d)
28. (5/28)x = $172,857.14 (b)
29. S = (30/2)(1 + 30) = 465
⇒ (32 + 1.78)(28/465) = 2.034064516 o bien, $2’034,064 (b)
30. Falso ver problema 14.
31. Verdadero ver problema 15.
Ejercicios 8.5
4. d = 1 – √ = 0.077128112
R1 = 250,000d = 19,282.028 ⇒ C1 = C – R1 = 230,717.972

R2 = 230,717.972d = 17,794.84158 ⇒ C2 = 212,923.1304
R3 = 212,923.1304d = 16,422.35905
R15 = C14d C14 – C15 = 75,000 ⇒ C14 – C14d = 75,000
C14(1 – d) = 75,000 ⇒ C14 = 75,000/0.922871888 = $81,268.05135
R15 = C14d = 81,268.05135(0.077128112) = 6,268.051367
⇒ $19,282.03, $17,794.84, $16,422.36 y $6,268.05
5. e = (1.03)6 – 1 = 0.194052297 ⇒ d = 0.23 – e = 0.035947703
C4 = 6,900(1 – 0.035947703)4 = $5,960.07
6. a) d = 1 - √ = 0.29954336
R1 = 6’350,000(0.29954336) = 1’902,100.339 ⇒ C1 = C – R1 = $4’447,899.661
R2 = C1d = 1’332,338.811 ⇒ C2 = C1 – R2 = 3’115,560.85
R3 = C2d = 933,245.5665 ⇒ C3 = C2 – R3 = 2’182,315.283
R4 = C3d = 653,698.0533 ⇒ C4 = C3 – R4 = 1’528,617.23
R5 = C4d = 457,887.1418 ⇒ C5 = C4 – R5 = 1’070,730.088
R6 = C5d = 320,730.0886 ⇒ C6 = C5 – R6 = 749,999.9994
⇒ $1’902,100.34, $1’332,338.811, $933,245.57, $653,698.05,
$457,887.14, y $320,730.09 b) $1’528,617.23
7. d1 = 0.29954336 – 0.15 = 0.14954336 o bien, 14.954336%
8. e = (1.05)2 – 1 = 0.l025 d = 0.13 – e = 0.0275
C7 = 246,000(1 – 0.0275)7 o bien, C7 = $202,377.57
*9. d = 1 - √ = 0.206299474
R1 = 150,000(0.20629974) = 30,944.92112 C1 = C – R1 = 119,055.0789
R2 = C1d = 24,561.00017 ⇒ C2 = C1 – R2 = 94,494.07873

R3 = C2d = 19,494.07875 ⇒ C3 = C2 – R3 = 74,999.99998
R4 = C3d = 15,472.46055 ⇒ C4 = C3 – R4 = 59,527.53943
R5 = C4d = 12,280.50008 ⇒ C5 = C4 – R5 = 47,247.03935
R6 = C5d = 9,747.039371 ⇒ C6 = C5 – R6 = 37,500.00000
⇒ $30,944.92, $24,561.00, $19,494.08, $15,472.46, $12,280.50, y $9,747.04
10. C5 = 112,000 = C(1.02)5 ⇒ C = $101,441.85
11. e = (1.015)12 – 1 = 0.195618171 d = e – 0.18 = 0.015618171
C5 = 425,000(1.015618171)5 = $459,241.6223
*12. d = 1 – √ = 0.195164979 ⇒ d = 0.195164979
R1 = 48,000(0.195164979) = 9,367.918973 ⇒ C1 = C – R1 = 38,632.08103
R2 = C1d = 7,539.629267 ⇒ C2 = C1 – R2 = 31,092.45176
R3 = C2d = 6,068.157682 ⇒ C3 = C2 – R3 = 25,024.29408
R4 = C3d = 4,883.865819 ⇒ C4 = C3 – R4 = 20,140.42826
R5 = C4d = 3,930.70625 ⇒ C5 = C4 – R5 = 16,209.72201
R6 = C5d = 3,163.570049 ⇒ C6 = C5 – R6 = 13,046.15196
R7 = C6d = 2,546.151968 ⇒ C7 = C6 – R7 = 10,499.99999
⇒ $9,367.92, $7,539.63, $6,068.16, $4,883.87, $3,930.71, $3,163.57, $2,546.15
Fin del año Depreciación anual Depreciación Valor en libros

acumulada
0 - - 48,000.00
1 9,367.91897 9,367.91897 38,632.08103
2 7,539.62927 16,907.54824 31,092.45176
3 6,068.15768 22,975.70592 25,024.29408
4 4,883.86582 27,859.27174 20,140.42826
5 3,930.70625 31,789.97799 16,209.72201
6 3,163.57005 34,953.54804 13,046.15196
7 2,546.15197 37,499.70001 10,500.00000
13. e = (1.052)3 – 1 = 0.164252608 ⇒ d = e – 0.143 = 0.021252608

a) C5 = 450,000(1 + 0.021252608)5 = 499,894.5555 o bien, $499,894.56
b) 16.4252608%
c)

acumulada
0 - - 450,000.0000
1 9,563.6736 9,563.6736 459,563.6736
2 9,766.9266 19,330.6002 469,330.6002
3 9,974.4993 29,305.0995 479,305.0995
4 10,186.4834 39,491.5829 489,491.5829
5 10,402.9727 49,894.5556 499,894.5556
14. C5 = 95,000(1 – 0.25)5 = 22,543.945311 ⇒ Verdadero.
15. d = 1 – √ = 0.148660078
C5 = 725,000(0.851339923)5 = 324,229.8567 ⇒ Verdadero.
16. e = (1.008)6 – 1 = 0.048970302
d = e – 0.015 = 0.033970302
⇒ 660,000 = C(1.033970302)12 ⇒ C = 442,025.33 Verdadero.
17. e = (1 + 0.025)2 – 1 = 0.050625 ⇒ d = 0.050625 – 0.03 = 0.020625
C4 = 60,000(1.020625)4 = 65,105.25714 ≠ 63,656.72 ⇒ Falso.
18. e = (1.008)12 – 1 = 0.100338694 ⇒ d = e – 0.19 = -0.089661306
C3 = 175,000(1 – 0.089661306) = 132,022.23 Verdadero.
19. 350,000 = C(1 – 0.06)6 ⇒ C = 350,000/0.689869781
⇒ C = 507,342.1241 ⇒ Verdadero.
20. C4 = 4’756,000(1 – 0.08)4 = $3’407,164.92 Verdadero.
21. i = (1 + 0.007)12 – 1 = 0.087310662 d = +0.8 – i = -0.007310662
C4 = 4’756,000(1 + d)4 = 4’756,000(1.007310662)4 = $4’896,610.61 Verdadero.
*22. d = 1 – √ = 0.186104975
C2 = 980,000(1 – 0.186104975)2 = 649,176.6095
C1 = 980,000(0.813895025) = 797,617.1243 ⇒ C1 – C2 = $148,440.51 (c)
*23. i = (1.02)4 – 1 = 0.08243216 d = 0.186104975 – i = 0.103672815
C1 = 980,000(1 – 0.103672815) = 878,400.6413
C2 = 980,000(0.896327185)2 = 787,334.3741 ⇒ C1 – C2 = $91,066.27 (a)
24. i = (1.015)6 – 1 = 0.093443264 d = 0.18 – 0.93443264 = 0.086556736
C4 = 235,000(1 – 0.086556736)4 = 235,000(0.913443264)4 = $163,604.10 (c)
25. 195,000 = C(1 – 0.11)6 ⇒ C = 195,000/0.496981291 = $392,368.90 (a)
26. i = (1.04)2 – 1 = 0.0816 d = 0.11 – i = 0.0284
C6 = 392,368.90(1 – 0.0284)6 = $330,080.31 (b)
27. i = (1 + 0.072)2 – 1 = 0.149184 d = -i + 0.125 = -0.024184
C6 = 275,000(1.024184)6 = $317,395.39 (a)
28. 425,000 = C(1 – 0.05)10 ⇒ C = 425,000/0.598736939 o bien, $709,827.59 (a)
29. i = (1.035)2 – 1 = 0.071225 d = 0.05 – i = -0.021225
C10 = 709,827.59(1.021225)10 = $875,724.00 (d)
Ejercicios 8.6
4. 1,000 =
⇒ -Cn = 1,000(0.280084544)/0.025 – 83,200 = -71,996.61824 o bien, Cn = $71,996.62
*5. R = = 12,580.00576
a) $12,580.01, $14,844.41, $17,516.40, $20,669.35, $24,389.84 (ver cuadro)
Fin del año Depreciación Intereses Depreciación Depreciación Valor

anual neta acumulada contable
0 - - - - 120,000.00
1 12,580.00576 0 12,580.00576 12,580.00576 107,419.9942
2 12,580.00576 2,264.4010 14,844.4068 27,424.4126 92,575.5874
3 12,580.00576 4,936.3943 17,516.4000 44,940.8126 75,059.1874

4 12,580.00576 8,089.3463 20,669.3520 65,610.1646 54,389.8354
5 12,580.00576 11,809.8296 24,389.8354 90,000.0000 30,000.00
6. R = = $9,356.00
b) D.A = 105,000 – 23,100 = $81,900 esto también es igual a 0.78(105,000)
*7. R = = -4,278.441105
Fin del año Depreciación Intereses Depreciación Depreciación Valor en

anual neta acumulada libros
0 - - - - 70,000.00
1 -4,278.44 0 -4,278.44 -4,278.44 74,278.44
2 -4,278.44 -333,72 -4,612.16 -8,890.60 78,890.60
3 -4,278.44 -693.47 -4,971.91 -13,862.50 83,862.50
4 -4,278.44 -1,081.28 -5,359.72 -19,222.22 89,222.22
5 -4,278.44 -1,499.33 -5,777.77 -24,999.99 95,000.00
8. 5,400 = ⇒ C = 5,400(1.210681407)/0.12 + 78,000
⇒ C = $132,480.66
9. R = = 17,626.55289 o bien, $17,626.55
10. 4,000 = ⇒ - Cn = -13,707.484 ⇒ C = $13,707.48 Verdadero.
11. R = = -3,686.244248
⇒ -3,686.244248 =
⇒ - Cn = -3,686.244248(0.090946826)/0.022 – 200,000
⇒ Cn = $215,238.74 Verdadero.
12. 10,000 = d = 0.152 – 0.074 = 0.078
⇒ -Cn = 10,000(0.162084)/0.078 – 78,000 ⇒ Cn = $57,220.00 Falso.

13. 15,000 = ⇒ C = 252,459.5891
15,000 =
-Cn = 15,000(0.50365669)/0.085 – 252,459.5891 ⇒ Cn = 163,578.9968
D.A. = C – Cn = 88,880.5923 ⇒ a) $88,880.59 Verdadero.
14. 15,000 = ⇒ C = 252,459.5891 Verdadero.
15. 7,500 =
-Cn = 7,500(0.551328216)/0.05 – 120,000 ⇒ Cn = $37,300.77 Verdadero.
16. a) d = 0.096 – 0.105 = -0.009
= 12,400
106,000 – Cn = 12,400(-0.044197257)/(-0.009) = 60,893.99894
Cn = 106,000 – 60,893.99894 ⇒ Cn = $45,106.00 (b)
*17. e = (1.008)12 – 1 = 0.100338694 ⇒ 0.13 – e = 0.029661306
= 14,389.79929

0 - - - - 168,000
1 14,389.80 0 14,389.80 14,389.80 153,610.20
2 14,389.80 426,82 14,816.62 29,206.42 138,793.58
3 14,389.80 866,30 15,256.10 44,462.52 123,537.48
4 14,389.80 1,318.82 15,708.62 60,171.14 107,828.86
También D.A.(3) = 14,389.8 = 44,462.52
I = 44,462.52(0.029661306) = 1,318.82
⇒ Depr. neta = R + I = $15,708.62 ⇒ (d)

*18. = 20,711.09683
D.A.(4) = 20,711.10 = 102,518.49
I = 102,518.49(0.144) = 14,762.66
D. Neta = R + I = $35,473.75 ⇒ (a)
19. R = = 5,848.24
R2 = R + 0.09(R) = $6,374.58 ⇒ (a)
20. D.A2 = 5,848.24 = 12,222.82
I = 12,222.82(0.09) = 1,100.05
R3 = R + I ⇒ R3 = $6,948.29 ⇒ (c)
*21. = 7,252.78
D.A3 = 7,252.78 = 24,709.50
I = 24,709.50(0.13) = 3,212.23
R4 = R + I ⇒ R4 = $10,465.02 ⇒ (a)
*22. 0.13 – 0.10 = 0.03
R= = 8,852.66
D.A.3 = 8,852.66 = 27,362.69
I = 27,362.69(0.03) = 820.88
R4 = R + I = $9,673.54 ⇒ (a)
23. 0.126 – 0.084 = 0.042
R= = -990.26
D.A.3 = -990.26 = 3,097.30

Valor contable = 178,000 + 3,097.30 = $181,097.30 ⇒ (c)
24. = 15,000 ⇒ C – 178,000 = 91,576.50
⇒ C = $269,576.50 ⇒ (c)
25. 0.10 – 0.084 = 0.016
= 15,000 ⇒ C – Cn = 77,438.71
⇒ Cn = 269,576.50 – 77,438.71 = $192,137.79 ⇒ (a)
26. 0.18 – 0.092 = 0.088
= 18,000 ⇒ C – Cn = 197,079.78
⇒ Cn = 175,000 – 197,079.78 = -$22,079.78 ⇒ (b)
*27. 0.135 – 0.104 = 0.031
= 13,500
⇒ C – Cn = 13,500(0.129886088)/0.031 = $56,563.30 (d)
*28. = 9,972.72
D.A.2 = 9,972.72 = 21,241.89
I = 21,241.89(0.13) = 2,761.45
R3 = R + I ⇒ R3 = $12,734.16 ⇒ (c)
*29. 120,000(0.35) = 42,000
R= = 9,758.32
D.A.2 = 9,758.32 = 20,629.09
I = 20,629.09(0.114) = 2,351.72
R3 = R + I ⇒ R3 = $12,110.04 ⇒ (b)
30. = 5,500
C – Cn = 5,500(0.277289125)/0.085 = 17,942.24
Cn = 47,500 – 17,942.24 = $29,557.76 ⇒ (a)
Problemas propuestos para exámenes
1. 68,750 = 275,000(1.115)5 – R
68,750 = 473,922.1759 – R(6.290029278)
⇒ R = 405,172.1759/6.290029278
R = 64,414.99045 o bien, R = $64,414.99
*2. Ca = 190,000(1.063) = 201,970.00
C1 = 201,970 – 40,000 = 161,970
R1 = (6/21)x = 40,000 ⇒ x = 140,000
Cb = 161,970(1.063) = 172,174.11 ⇒ C2 = Ca – (5/21)x = 138,840.07767
Cc = C2(1.063) = 147,587.7456 ⇒C3 = Cc – (4/21)x = 120,921.0789
Cd = C3(1.063) = 128,539.1069 ⇒ C4 = Cd – (3/21)x = 108,539.1069
Ce = C4(1.063) = 115,377.0706 ⇒ C5 = Ce – (2/21)x = 102,043.7373
Cf = C5(1.063) = 108,472.4927 ⇒ C6 = Cf – (1/21)x = $101,805.83
3. e = (1.008)12 – 1 = 0.100338694 d = 20.6 – e = 0.105661306
5,000 = = (C – 180,000)(0.061062927)
⇒ C = 5,000/0.061062927 + 180,000 = $261,882.74
4. -2,000 = ⇒ -2,000 = (C – 180,000)(0.061062927)
⇒ C = -2,000/0.061062927 + 180,000 = $147,246.90
5. d = 1 - √ = 0.158017556
a)
Fin del año Depreciación anual Depreciación Valor contable

acumulada
0 - - 120,000.0000
1 18,962.1067 18,962.1067 101,037.8933
2 15,965.76093 34,927.8676 85,072.13237
3 13,442.89042 48,370.7580 71,629.24195
4 11,318.67773 59,689.4358 60,310.56422
5 9,530.1279 69,219.5629 50,780.4363
6 8,024.2004 77,243.7633 42,756.2359
7 6,756.2359 84,000.0000 36,000.0000
b) R = = 9,588.506661

0 - - - - 120,000.00
1 9,588.50666 0 9,588.50666 9,588.50666 110,411.4933
2 9,588.50666 709.54949 10,298.05615 19,886.56281 100,113.4372
3 9,588.50666 1,471.60565 11,060.11231 30,946.67512 89,053.32488
4 9,588.50666 2,290.05396 11,878.56062 42,825.23574 77,174.76426
5 9,588.50666 3,169.06744 12,757.57411 55,582.80985 64,417.19015
6 9,588.50666 4,113.12793 13,701.63459 69,288.44444 50,715.55556
7 9,588.50666 5,127.04889 14,715.55555 83,999.99999 36,000.00000
*6. Ru = = 0.077
⇒ R1 = 995,000(0.077) = 76,615 R4 = 1’676,000(0.077) = 129,052
R2 = 1’325,000(0.077) = 102,025 R5 = 1’420,000(0.077) = 109,340
R3 = 1’350,000(0.077) = 103,950 R6 = 1’034,000(0.077) = 79,618
*7. Suma = (1 + 12) = 78 = 1,500
R1 = 1,500(12) = 18,000 R7 = 1,500(6) = 9,000
R2 = 1,500(11) = 16,500 R8 = 1,500(5) = 7,500
R3 = 1,500(10) = 15,000 R9 = 1,500(4) = 6,000
R4 = 1,500(9) = 13,500 R10 = 1,500(3) = 4,500
R5 = 1,500(8) = 12,000 R11 = 1,500(2) = 3,000

R6 = 1,500(7) = 10.500 R12 = 1,500(1) = 1,500
⇒ $18,000, $16,500,…, $1,500
8. C9 = 170,000 – (78 – (1 + 2 + 3))1,500 = $62,000
*9. a) Ca = 350,000(1.114) = 389,900 ⇒ C1 = 389,900 – 2,500(24) = 329,900
Cb = C1(1.114) = 367,508.60 ⇒ C2 = Cb – 3,200(24) = 290,708.60
Cc = C2(1.114) = 323,849.3804 ⇒ C3 = Cc – 3,100(24) = 249,449.3804
Cd = C3(1.114) = 277,886.6098 ⇒ C4 = Cd – 3,250(24) = 199,886.6098
Ce = C4(1.114) = 222,673.6833 ⇒ C5 = Ce – 2,650(24) = $159,073.68
b)
Fin del año Valor con Depreciación Depreciación Valor contable

0 - - - 350,000.00
1 389,900.00 60,000.00 60,000.00 329,900.00
2 367,508.60 76,800.00 136,800.00 290,708.60
3 323,849.3804 74,400.00 211,200.00 249,449.3804
4 277,886.6098 78,000.00 289,200.00 199,886.6098
5 222,673.6833 63,600.00 352,800.00 159,073.68
10. Verdadero, es mayor en los primeros años.
11. Verdadero, vea cuadros de depreciación.
12. Falso, son variables, vea los cuadros de depreciación.
13. Falso, la acumulada es mayor.
14. Falso, las horas de servicio o unidades no siempre son constantes.
15. Falso, depende si n es par o impar.
16. Verdadero, es un factor.
17. Falso, la suma es igual al valor inicial.
18. Falso, disminuye.
19. Verdadero, ver el teorema 8.4.

20. Verdadero, es la depreciación total.
21. Verdadero, son sinónimos.
22. C3 = 1’750,000 – 9,080(35) = $1’432,200 (a)
23. Ca = 1’750,000(1.073) = 1’877,750 ⇒ C1 = Ca – 3,100(35) = 1’769,250
Cb = C1(1.073) = 1’898,405.25 ⇒ C2 = Cb – 2,750(35) = 1’802,155.25
Cc = C2(1.073) = 1’933,712.583 ⇒ C3 = Cc – 3,230(35) = $1’820,662.58 (b)
24. R3 = (1,875) = $25,815.22 (a)
25. 20,250 = ⇒ -Cn = 20,250(5) – 150,000 ⇒ Cn = $48,750 (c)
26. Cn = 150,000(1 – 0.128)5 = $75,626.44 (c)
27. R1 = 435,000(d) = 66,120 ⇒ d = 0.152
⇒ C5 = 435,000(1 – 0.152)5 = $190,751.74 (a)
28. 32,000 =
-Cn = 32,000(0.973822685)/0.12 – 278,000 ⇒ C = $18,313.95 (a)
29. (8) = 32,216 ⇒ Cn = $180,028 (a)
*30.

acumulada
0 - - 178,000
1 11,476.3834 11,476.3834 166,523.6166
2 10,736.4544 22,212.8378 155,787.1623
d=1- √ = 0.064474064 ⇒ (c)
R1 = 178,000(d) = 11,476.38343 C1 = 166,523.6166
R2 = C2d = 10,736.45436 C2 = 155,787.1623
31. e = (1 + 0.008)12 – 1 = 0.100338694 ⇒ d = 0.096 – e = -0.004338694

8,000 =
C = 8,000(-0.034187022)/(-0.004338694) + 375,000 = $438,036.52 (c)
*32. 3,000 =
-Cn = (3,000)(-0.034187022)/(-0.004338694) – 438,036.52
-Cn = -414,397.8049 o bien, Cn = $414,397.80 (a)

Ms Villalobos Capítulo 08

Hochgeladen von

Dokumentinformationen

Originalbeschreibung:

Copyright

Verfügbare Formate

Dieses Dokument teilen

Dokument teilen oder einbetten

Freigabeoptionen

Stufen Sie dieses Dokument als nützlich ein?

Sind diese Inhalte unangemessen?

Copyright:

Verfügbare Formate

Ms Villalobos Capítulo 08

Hochgeladen von

Copyright:

Verfügbare Formate

Matemáticas financieras Manual de soluciones

José Luis Villalobos

*9. 35,000 = ⇒ -Cn = 35,000(7) – 325,000 ⇒ Cn = $80,000

*10. Cn = 180,000(1.054)5 – 8,000 = $189,580.32

11. Cn = 1’345,000(1.085)10 – 130,000 = $1’112,459.82

*12. 7,150 = ⇒ Cn = $129,250

13. Cn = 2’500,000(1.06)30 – 160,000 = 1’709,418.13

*14. C20 = 2’500,000(1.06)20 – 160,000 = $2’132,144.09

15. a) 23,000 = 120,000(1.14)8 – R

23,000 = 342,310.3706 – R(13.23276016)

Fin del año Valor por Depreciación Depreciación Valor contable

16. Cn = 150,956.07(1.048)5 – 9,600 = 138,000.00 ⇒ Verdadero.

17. Cn = 127,500(1.055)4 – 35,200 = 5,102.37 ⇒ Falso.

18. Cn = 275,000(1.068)8 – 17,850 = 283,658.26 ⇒ Verdadero.

19. = 18,300 ⇒ Verdadero.

20. = 40,833.33 ⇒ Verdadero.

21. = 0.17142857 o bien, 171,428.57 ⇒ Verdadero.

22. 8,150 = (129,500 – 48,000)/n ⇒ n = 10 años. (c)

23. 69,300 = 190,000(1.093)7 – R

⇒ 9.285487753(R) = 284,774.5686 ⇒ R = $30,668.78 (a)

24. Cn = 275,000(0.70) = 192,500

192,500 = 275,000(1.0728)8 – R ⇒ R = 289,983.8851/10.3638304

25. 1 + e = (1 + 0.032/2)2 = 1.032256

Cn = 187,524.088 – 79,997.0057 = $107,527.09 (c)

26. Cn = 107,335.60(1.028)3 – 18,350

= 116,814.6269 – 56,605.7864 = $60,208.84

27. 8,250 = ⇒ Cn = 190,500 – 8,250(6) = $141,000 (d)

28. R = = 0.144285714 o bien, $144,285.14 (a)

29. (1 + 0.004)6 = 1.024241284

= 849,811.8453 o bien, $849,811.85 (a)

30. 35,000 = 246,606(1.068)n – 32,350

35,000 = 246,606(1.068)n – 475,735.2941[(1.068)n – 1]

35,000 = 246,606(1.068)n – 475,735.2941(1.068)n – 475,735.2941

(1.068)n = 440,735.2941/229.129.2941 = 1.923522245

0.94346367(12) = 11.321564 ⇒ 9 años 11 meses aproximadamente.

R4 = 10,800, R5 = 10,400, R6 = 8,400

⇒ $14,000, $12,800, $11,600, $10,800, $10,400, $8,400

*3. S = [ ]2 = 29.233472 Ru = = 2,531.344891

⇒ $10,125.38, $9,517.86, $8,946.79, $8,409.98

⇒ $22,500, $24,300, $27,000, $23,400, $19,800, $18,000

R1 = 2,000Ru = 2,000(16.54411765) = 33,088.24

R2 = 31,433.83, R3 = 29,779.42, R4 = 28,125.00 R5 = 26,470.59

⇒ $33,088.24, $31,433.83, $29,779.42, $28,125.00, $26,470.59, $24,816.18,

130,000 – 76,375 = $53,625 b) $76,375

8. D = 12,000(4)(0.35) = 16,800 ⇒ Cn = C – D = $11,200

D = 48,228.375(0.35) = 16,879.93 ⇒ Cn = C – D = $11,120.07

10. Rn = = 36.8 Suma = 25,000

R1 = 4,800(36.8) = 176,640, R2 = 193,200, R3 = 4,350(36.8) = 160,080

R4 = 143,520, R5 = 3,400(36.8) = 125,120, y R6 = 121,440

⇒ $176,640, $193,200, $160,080, $143,520, $125,120, y $121,440

R1 = 13,500(1.8) = 24,300 R2 = 15,850(1.8) = 28,530.00

R3 = 24,750 R4 = 23,760 R5 = 8,700(1.8) = 15,660

⇒ $24,300, $28,530, $24,750, $23,760, y $15,660

12. S = 3,000 = 13,573.14375

Cn = 75,000 – 13,573.14375(4) = $20,707.42 Verdadero.

13. R1 = 24,030 = 135,000Ru Ru = 0.178

(265,000 – Cn)/1’012,763 = 0.178 ⇒ Cn = $84,728.19 Verdadero.

14. P = 135,000 = 922,619.99 P2 = 135,000(1 – 0.008) = 133,920

(265,000 – Cn)/922,620 = 0.178 ⇒ Cn = $100,773.64 Verdadero.

15. (18,000 – Cn)/(11,000)3 = 0.32 ⇒ Cn = $7,440 Verdadero.

*16. Ca = 18,000(1.0398) = 18,716.40

C1 = 18,716.40 – 11,000(0.32) = 15,196.40

Cb= 15,196.40(1.0398) = 15,801.22