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ES 312B – Assignment for 2 BS CpE-A

Instructions:
1. Download the document “Assignment No. 2 for 2 BS CpE-A” (in pdf format).
2. Write your solutions and answer in a white bond paper and picture it.
3. Upload your jpeg file (solutions and answers) in VLE.
4. Deadline of uploading to VLE is on September 29, 2022 at 10:00 PM.

Problem:
1. What annuity is required over 12 years to equate with a future amount of P20,000?
Assume i = 6% annually.

2. If P10,000 is deposited each year for 9 years, how much annuity can a person get
annually from the bank every year for 8 years starting 1 year after the 9th deposit is
made. Cost of money is 14%

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