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?

11.46 years
11.23 years
11.57 years
11.87 years

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Engineering Economics
Using factor method, the depletion at any given year is equal to:

Initial cost of property divided by the total units in property
Initial cost of property times number of units sold during the year
Initial cost of property times number of unit sold during the year divided by the total units in property
Initial cost of property divided by the number of units sold during the year

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