COURSE: FINANCIAL MATHEMATICS

1.- A relative knowing of your good advice to the family asks you how much money you will have in 3 more years for an indemnity of $25,000,000 that you deposited in a savings book that delivers an annual return of 5% per year, capitalizable quarterly.

2.- A customer deposits a capital of $200,000 for 7 years at a compound interest rate of 24% per annum. Calculate the final value considering annual compounding.

3.- A friend of mine has $31,000,000 in his AFP account. He wants to know how much that money will be worth in 25 years when he retires. The money is in fund C and he believes it will yield 6% per year.

4.- An uncle of yours knows that you are attending a diploma course and asks you how much money you will have in another 12 months if you deposit $1,000,000 at a rate of 0.6% per month, compounded monthly.