Engineering Economics
A student plans to deposit P1,500 in the bank now and another P3,000 for the next 2 years. If he plans to withdraw P5,000 three years from after his last deposit for the purpose of buying shoes, what will be the amount of money left in the bank after one year of his withdrawal? Effective annual interest rate is 10%.

P1,345.98
P1,945.64
P1,549.64
P1,459.64

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

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
Initial cost of property divided by the number of units sold during the year

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