1. An obligation of Php 30,000 is to be repaired in uniform annual amounts each of which include repayment of the debt and interest over a period of 3 years. If the interest is 12 % per year, what is the annual payment?
1. An obligation of Php 30,000 is to be repaired in uniform annual amounts each of which include repayment of the debt and interest over a period of 3 years. If the interest is 12 % per year, what is the annual payment?
Elements Of Electromagnetics
7th Edition
ISBN:9780190698614
Author:Sadiku, Matthew N. O.
Publisher:Sadiku, Matthew N. O.
ChapterMA: Math Assessment
Section: Chapter Questions
Problem 1.1MA
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Transcribed Image Text:TOPIC: ENGINEERING ECONOMICS - ANNUITY
Specific Instructions: Solve each problem NEATLY and SYSTEMATICALLY. Show your COMPLETE
solutions and BOX your final answers. Express all your answers in 2 decimal places. Handwritten
answer, please. (Write clearly) Thank you
Provide the given, formula, and solution.
PROBLEM:
1. An obligation of Php 30,000 is to be repaired in uniform annual amounts each of which include
repayment of the debt and interest over a period of 3 years. If the interest is 12 % per year, what is the
annual payment?
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