Engineering Economics
A factory operator bought a diesel generator set for P 10,000.00 and agreed to pay the dealer uniform sum at the end of each year for 5 years at 8% interest compounded annually, that the final payment will cancel the debt for principal and interest. What is the annual payment?

P 2,540.56
P 2,500.57
P 2,504.57
P 2,544.45

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Engineering Economics
Using factor method, the depletion at any given year is equal to:

Initial cost of property divided by the number of units sold during the year
Initial cost of property times number of units sold during the year
Initial cost of property times number of unit sold during the year divided by the total units in property
Initial cost of property divided by the total units in property

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