Engineering Economics
Miss Calledo deposited P 1,000, P 1,500 and P 2,000 at the end of the 2nd year, 3rd year and 4th year, respectively in a savings account which earned 10% per annum. How much is in the account at the end of the 4th year?

P 4,820.00
P 4,880.00
P 4,860.00
P 4,840.00

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Engineering Economics
In a cash-flow diagram:

Time 0 is considered to be the present
Time 1 is considered to be the end of time period 1
All of these
A vertical arrow pointing up indicates a positive cash flow

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

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

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