ENGINEERING

ECONOMY
By: ENGR. RENANTE C. ORANG
INSTRUCTIONS
1 USE A WHOLE LONG/SHORT BOND PAPER or NEWSPRINT.

2 COPY THE ENTIRE QUESTIONS.

3 SHOW YOUR DETAILED SOLUTIONS

AND INDICATE YOUR FINAL ANSWERS.

4 MAKE IT AS READABLE AND NEAT AS POSSIBLE.

SUBMIT IT IN AN UPRIGHT POSITION (NOT SIDEWAYS).

5 SUBMIT YOUR SEATWORK ON OR BEFORE THURSDAY 2:30PM

(OCTOBER 15, 2020) ON OUR SCHOOLOGY.
4th QUIZ Copy and Answer
1 Joseph owes Henry ₱19,000 due in 4 years and ₱70,000 due in 8 years.
They agreed that the two obligations will be paid by a single payment at
the end of 6 years. If money is worth 10% compounded semi-annually,
find the single payment to be made.
2 Helen deposited ₱4,000 every end of 3 months for 8 years at Metrobank
at 8% compounded quarterly. After 8 years, how much is Helen’s deposit?
3 Find the present value of ₱4,200 ordinary annuity payable monthly for 3
years, if money is worth 9% compounded monthly.
4 A female OFW bought a house and lot upon her return from Singapore for
₱600,000. a down payment of ₱250,000 was made and the balance was
payable at the end of every month for 3 years and 9 months. If money
was worth 15% compounded monthly, find the quarter payments.
5 How long will it take to raise ₱90,000 by depositing ₱4,400 every end of 6
months, if money is worth 15% compounded semi-annually?