Engineering Economics
By the condition of a will, the sum of P20,000 is left to a girl to be held in trust fund by her guardian until it amounts to P50,000. When will the girl receive the money if fund invested at 8% compounded quarterly?

11.23 years
11.46 years
11.87 years
11.57 years

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Engineering Economics
In a cash flow series:

All of these
Either an increase or decrease in the amount of a cash flow is called the gradient
The gradient in the cash flow may be positive or negative
Uniform gradient signifies that an income or disbursement changes by the same amount in each interest period

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