FIRST FINANCIAL MATHEMATICS EXAM

1. 1. In how many months, 30 million invested at 2% quarterly, become 38 million?

2. 2. What is the time in semesters, elapsed since March 23/ 2005 and November 8/
2011.
3. If the previous dates correspond to a financial operation of 20 million at the
beginning, and 31 million are received at the end; What is the interest rate that was
earned on it?
4. 4. If a person is offered a loan for 40 million and they are given 3 payment options
like this:
First option: a payment at 6 months for 15, one more payment for 15 six months
after the first payment, and a payment for 18 million six months after the second.
Second option; one payment for 25 million at one year and another for 23 six
months after the first.
Third; a single payment for 49 million at 18 months.

A. A. If you use month 18 as a comparison, and an interest rate of 1.5% per

month, what is the final value of option 1?
B. A. If you use month 18 as a comparison, and an interest rate of 1.5% per
month, what is the final value of option 2?
C. A. If you use month 18 as a comparison, and an interest rate of 1.5% per
month, what is the final value of option 3?
D. Which of the three options is better?

5. A student has as a project the purchase of a motorcycle that costs him 9 million
today if he pays cash. However, you have the option 1 to cancel with a payment at
4 months after delivery for 6 million and another at 12 months after delivery for 6
million two hundred thousand. Or option 2 with a payment at 3 months for 2 million
two hundred thousand, another three months later for 4 million and a half, and one
last for 5 million eight hundred thousand three months later. If the interest rate
used to make the investment comparison is 9.1% semi-annually; check:

A. What is the current value of option 1?

B. What is the current value of option 2?
C. What is the current value of the cash payment option?
D. Which of the three is the most recommended?