Engineering Economics
A factory operator bought a diesel generator set for P 10,000.00 and agreed to pay the dealer uniform sum at the end of each year for 5 years at 8% interest compounded annually, that the final payment will cancel the debt for principal and interest. What is the annual payment?

P 2,540.56
P 2,544.45
P 2,504.57
P 2,500.57

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Engineering Economics
Perfect monopoly exists only if:

the single vendor can prevent the entry of all other vendors in the market
the single vendor is the only one who has the permit to sell
the single vendor gets the absolute franchise of the product
the single vendor is the only one who has the knowledge of the product

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