ENSC 2063
ENGINEERING ECONOMY
Assessment No. 3
1. What present sum is equivalent to a series of P1,000 annual end-of-year payments, if a total
of 20 payments are made and interest is 12%
2. Find the accumulated amount of the ordinary annuity paying an amortization of P1,000 per
month at a rate of 12% compounded monthly for 5 years.
3. A man deposits P1,000 every year for 10 years in a bank. He makes no deposit during the
subsequent 5 years. If the bank pays 8% interest, find the amount of the account at the end
of 15 years.