UNIVERSIDAD DE MONTERREY

División de Negocios

Finanzas Corporativas

“Problema Practica Flujos”

Oswaldo Solórzano - 593353

“Doy mi palabra que he realizado esta actividad con integridad académica”

Question 3 –

An account was opened on January 1, 1999 with a deposit of $12,000.

Additional deposits of $100 each were made to the account on the last day of each month
for 5 years, with the first of those deposits occurring on January 31, 1999.
Withdrawals from the fund of $1000 each on the first day of each quarter are scheduled to
start on January 1, 2006. No other deposits or withdrawals are made.
The interest rate is at a nominal annual rate of 8% compounded monthly.
Find the balance in the fund on December 31, 2010.

La tasa de interes compuesto es de .08/12 = .00667

La tasa de interes compuesta trimestral es de (1.00667) 3 - 1

Entonces tenemos un deposito inicial de 12,000 , 5 años (1999-2003) de depositos acumulando

interes durante 7 años ( Enero 1999 – Enero 2006) y 20 retiros trimestrales programados (2006 al
2010 = 4 x 5 = 20)

Entonces al 31 de diciembre de 2010 tenemos

12,000 (1.00667) 144 (meses) + 100 60 (meses) (1.00667) 84 (meses) - 1000 20 = 19,261