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# 1/ \$100 invested for 10 years at 12% interest is worth more in FV terms than \$200 invested for 10 years at 4% interest.

## Option 1: \$310.58 Option 1 than option 2: \$14.54

Option 2: \$296.05
2/ Shawn wants to buy a new telescope. He estimates that it will take him one year to save the money and that the telescope will cost \$200. At an interest
rate of 6%, how much does Shawn need to set aside today to purchase the telescope in one year?

## shwan needs to set aside: (\$188.68)

3/ Johnny and Darren both earn \$100 working on their respective neighbors' big farms. Johnny puts his \$100 in the piggy bank that his parents gave him to
encourage him to save. Darren puts his money in a savings account his parents set up for him. The savings account pays 3% interest. They both take their money
out after 5 years. How much more money does Darren have than Johnny?

## Darren has more money than Johnny : \$15.93

4/ Your dad invested \$25 for you in 1942 in a fund and you have not withdrawn any money since.If the fund has averaged a return of 8 percent over the last 70
years, what is the current value of that investment?

## the current value: \$5,465.16

5/ Bridgette’s grandparents opened a savings account for her and placed \$500 in the account. The account pays 3.5% interest. Bridgette wants to be a singer
and she has her heart set on a new karaoke machine. The machine costs \$150. How much less will the account be worth in 8 years if she buys the karaoke
machine now versus leaving the account untouched?

## the diffrence: \$197.52

6/ Juan has \$100,000 to invest and he has narrowed down his decision to two investments. Option A returns 60% annually for 4 years, but the maximum investment
he can make is \$10,000. Option B returns 12% annually for 4 years and would require the entire \$100,000. Which option produces the best result for Juan and what
is the benefit over the lesser option? Assume that the \$90,000 not invested in Option A would be placed in a safe deposit box earning no interest.
Option A: \$155,536.00 --> Option B is the best result
Option B: \$157,351.94 the benefit over: \$1,815.94

7/ Ralph knows that he is going to have to replace his roof soon. If he has the roof replaced now, it will cost \$10,000. He could wait 5 years, but it will then cost
him \$20,000. At what rate will these options cost the same.

15% 15%

8/ Rondo is in the market for a new car. He has narrowed his search down to 2 models. Model A costs \$32,000 and Model B costs \$28,000. With both cars he plans to
cash and own them for 4 years before trading in for a new car. His research indicates that the trade in value for Model A after 4 years is 60% of the initial purchase pri
while the trade in value for Model B is 45%. The interest rate is 5%. For simplicity assume that operating and maintenance costs for the models are identical. Which m
the better decision and how much "cheaper" is it than the alternative?

the price of model A after 4 years 19200 the money Rondo must pay for model A now \$38,896.20 \$19,696.20
the price of model B after 4 years 12600 the money Rondo must pay for model B now \$34,034.18 \$21,434.18

9/ College tuition has been rising at a rate of 7% per year. Currently the average tuition of a state college is \$9,500/year. Andrea’s son Trevor will begin college in 12
Andrea’s portfolio is making 5% annually. How much does Andrea need to have set aside today/now to pay for 4 years of college for Trevor? (Note:Tuition will con
change annually and Andrea’s portfolio balance will continue to accrue interest while Trevor is in school. Also, tuition is due at the beginning of each year.)

## Total tuition in 4 years: \$94,996.22

Andrea needs to set aside (\$52,897.45)

10/ Christine is a new homebuyer. She wants to make sure that she incorporates the cost of maintenance into her decision. She estimates that routine repairs and
maintenance on the home she is considering will be \$1,590 in the first year (one year from now). Due to the increasing age of the home, she expects that maintenanc
will increase 6% annually. The interest rate is 5%. If she plans to be in the home for 10 years, what is the present value of all future maintenance? (Note that mainten
costs will change annually, and starts one year from now and she plans to do the last one before selling her house.)

## 1st year \$1,514.29

2nd year \$1,528.71
3rd year \$1,543.27
4th year \$1,557.96
5th year \$1,572.80
6th year \$1,587.78
7th year \$1,602.90
8th year \$1,618.17
9th year \$1,633.58
10th year \$1,649.14
Total \$15,808.60
\$200. At an interest

## s parents gave him to

They both take their money

## 8 percent over the last 70

te wants to be a singer

## but the maximum investment

e best result for Juan and what
no interest.
years, but it will then cost

## ,000. With both cars he plans to pay

s 60% of the initial purchase price,
he models are identical. Which model is

## à model A is the better dicision

model A is cheaper than model B \$1,737.98

## n Trevor will begin college in 12 years.

r Trevor? (Note:Tuition will continue to
beginning of each year.)

## ates that routine repairs and

me, she expects that maintenance costs
maintenance? (Note that maintenance
1/ Qin deposits his first paycheck in the bank. The annual interest rate is 12%, but interest is compounded quarterly. Th

## The EAR: 12.55%

2/ Gloria is 35 and trying to plan for retirement. She has put a budget together and plans to save \$4,800 per year, startin
65. Assume that she can make 7% on her account. How much will she have for retirement at age 65?

## She has: \$453,411.77

3/ Mohammad has just turned 21 and now has access to the money his parents have been putting away in an account f
him to guess what his account is worth given that they have invested \$1,000 every year in the account starting on his 5
the account has been 3.5% annually. How much is Mohamemad’s account worth today?

## His account has: \$22,705.02 \$22,705.02

4/ Marcel has just graduated from college and has found a job that will pay him \$25,000 per year at the end of each y
about that because he plans to do an MBA after gaining 5 years experience anyway. What is the value today of his 5-y

## the value of his 5-year salary: \$136,710.25

5/ Rachna is considering a life insurance plan that will require her to pay a premium of \$200 every year for the next 4
this payment and wants to put away a lump sum today in her bank to cover all future payments. How much would sh
her deposit account is 4%?

## she would need: (\$3,958.55)

6/ Roxanne is in the market for a new house, and she has found a house she likes that is selling for \$250,000. The do
bank should require you to pay in cash) and Roxanne plans to finance the remainder with a fixed rate mortgage. The
though payments are monthly. What is the interest component of Roxanne's first and 5th monthly payment? ( Read t

Roxanne mua nhà , và cô đã tìm thấy một ngôi nhà cô ấy thích được bán với giá \$ 250,000

(\$2,110)

7/ Abebi, who has just celebrated her 29th birthday, will retire on her 55th birthday, and she has just set up a retirem
and to continue paying for 19 more years. Abebi's goal is to receive \$120,000 for each of these twenty years. In crea
aside equal payments at the end of each year, for the next 25 years starting on her 30th birthday. If the annual interes

## she needs to set aside: (\$21,411.71)

8/ Two years ago Abilia purchased a \$10,000 car; she paid \$2000 down and borrowed the rest. She took a fixed rate
year. Interest rates have fallen during the last two years and she can refinance her car by borrowing the amount she
for 3 years. Should Abilia refinance her loan? How much will she save per month for the next three years if she dec

## Tiền trả hàng tháng (\$162.21)

Tiền nợ sau 2 năm 5176.450807831 => Tiền trả hàng tháng sau 2 năm: (\$157.48)

9/ You have been living in the house you bought 10 years ago for \$300,000. At that time, you took out a loan for 8
stated rate of 9%. You have just paid off the 120th monthly payment. Interest rates have meanwhile dropped steadi
refinance the remaining balance. But there is a catch. The fee to refinance your loan is \$4,000. Should you refinanc
save/lose if you decided to refinance?

## Số tiền phải trả hàng tháng: (\$2,434.24)

Số tiền còn nợ sau kì thứ 120: 117265.5432
Số tiền phải trả hàng tháng từ kì thứ 121: (\$2,267.07)

Khác nhau số tiền phải trả hàng tháng trước và sau khi tái thanh toán (\$167.17)
Khác nhau số tiền phải trả sau 5 năm trước và sau khi tái thanh toán (\$10,030.10)
Quy đổi số tiền khác biệt theo tỉ giá hiện giờ \$8,646.88
Với phí tái thanh toán \$4000, ta sẽ tiết kiệm được \$4,646.88

10/ You are interested in a new Ford Taurus. After visiting your Ford dealer, doing your research on the best leases avai
for cash and receive a \$1,500 cash rebate from Dealer A. The price of the car is \$15,000. (ii) Lease the car from Dealer
and \$200 a month for each of the next 36 months (the first \$200 payment occurs 1 month from today). After 36 months
car from Dealer C who will lend you the entire purchase price of the car for a zero interest 36-month loan with monthly
market interest rate is 6%. What is the net cost today of the cheapest option?

## Số tiền phải trả theo PA1: 13500

Số tiền phải trả theo PA2: (\$12,759.36)
Số tiền phải trả theo PA3: (\$13,696.26)

## Như vậy PA2 sẽ là lựa chọn rẻ nhất

nterest is compounded quarterly. The EAR (Effective Annual Rate) is:

lans to save \$4,800 per year, starting at the end of this year, in a retirement fund until she is
ement at age 65?

e been putting away in an account for him since he was 5 years old. His mother has asked
year in the account starting on his 5th birthday and have just made one. The interest rate on
day?

25,000 per year at the end of each year, but the job is only for 5 years. He is not worried
y. What is the value today of his 5-year salary assuming that the interest rate is 3%?

m of \$200 every year for the next 40 years. She wants to make sure that she is able to make
ure payments. How much would she need to deposit in her bank if the annual interest rate on

that is selling for \$250,000. The down payment on the house is 20% (the amount that the
der with a fixed rate mortgage. The annual rate is 6% and the mortgage is for 15 years,
and 5th monthly payment? ( Read the sheet ExcelFunction first)

ược bán với giá \$ 250,000. Các khoản thanh toán trên ngôi nhà là 20 % (số tiền mà ngân hàng yêu

ay, and she has just set up a retirement plan to pay her income starting on her retirement day,
each of these twenty years. In creating her retirement account, Abebi has committed to set
r 30th birthday. If the annual interest rate is 9%, how big should Abebi's equal payments be?
owed the rest. She took a fixed rate 60-month installment loan at a stated rate of 8% per
r car by borrowing the amount she still owes on the car at a new fixed rate of 6% per year
h for the next three years if she decides to refinance?

## => Tiết kiệm hàng tháng: (\$4.73)

that time, you took out a loan for 80% of the house at a fixed rate 15-year loan at an annual
tes have meanwhile dropped steadily to 6% per year, and you think it is finally time to
loan is \$4,000. Should you refinance the remaining balance? How much would you

our research on the best leases available, you have three options. (i) Purchase the car
000. (ii) Lease the car from Dealer B. Under this option, you pay the dealer \$500 now
month from today). After 36 months you may buy the car for \$8,000. (iii) Purchase the
nterest 36-month loan with monthly payments. The car price is \$15,000. Suppose the
ền mà ngân hàng yêu cầu bạn phải trả bằng tiền mặt ) và Roxanne có kế hoạch tài trợ cho phần cò
h tài trợ cho phần còn lại với lãi suất cố định . lãi suất hàng năm là 6 % và thế chấp là 15 năm, mặc
ấp là 15 năm, mặc dù số tiền phải trả là hàng tháng . hỏi con này phải thanh toán tháng đầu tiên v
án tháng đầu tiên và tháng thứ 5 bao nhiêu? ( Đọc ExcelFunction tấm đầu tiên)
MSSV Họ tên
K174060692 Ngô Bảo Anh
K184060775 Nguyễn Thị Vân An
K184060813 Lê Thanh Uyên
K184111453 Nguyễn Thị Tuyết Nhi