Reynaldo Sepúlveda is retiring in 20 years and currently has savings of $ 125,000. Reynaldo thinks that he will need $ 650,000 at the beginning of his retirement and does not have Additional funds saved. He determines the annual interest rate he will need to meet his goal. (6 points)

8. Suppose you want to buy heavy equipment machinery and a commercial bank gives you will lend $ 65,000 for the transaction. The loan will be amortized over 5 years and the Nominal interest rate will be 8% payable monthly. Calculate the monthly payment and the annual rate (EAR) of the loan to be repaid. (6 points)

9. Master Paint Industries sales in 2019 were $ 18 million, while in 2017 they were $ 10 million. Determine the rate of sales growth. (4 points) 5.2 Application exercise: Determining the value of money (Value: 66 points)

10. Determine the present value of a $ 3,500 perpetuity if the interest rate is 7%. If interest rates doubled to 14%, find present value. (6 points)

11. Calculate the future value of an ordinary annuity that pays $ 2,350 at 6% for 6 years. It also determines the future value if this were a payment annuity anticipated. (6 points)

12. Mr. Del Valle is 54 years old and plans to retire in 8 years. He wishes to live at least 20 years after he retires. He has $ 125,000 in savings and hopes to get 7% off annual interest. He hopes to have an income of $ 45,000, the same that he receives in the present for the work he does. Del Valle will begin to receive your benefit after 8 years biweekly (24 payments per year) after he retires. Expected that annual inflation reaches 5%. Determine how much Mr. Del should save Valle for the next 8 years to meet the retirement goal. (6 points)

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