Engineering Economics
In year zero, you invest P 10,000.00 in a 15% security for 5 years. During that time, the average annual inflation is 6%. How much in terms of year zero pesos will be in the account at maturity?

P 15,030.03
P 20,113.57
P 18,289.05
P 16,892.34

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Engineering Economics
Which is NOT an essential element of an ordinary annuity?

The first payment is made at the beginning of the first period.
The payments are made at equal interval of time.
The amounts of all payments are equal.
Compound interest is paid on all amounts in the annuity.

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