Ordinary Annuity — Engineering Board Exam Practice Questions

8 free engineering board exam reviewer questions on Ordinary Annuity (Engineering Economics), each with the correct answer and a worked solution.

1. Find the future value of an ordinary annuity of P2,000 per year for 5 years at 8% annual interest.
2. Find the present value of an ordinary annuity of P5,000 per year for 10 years at 6% annual interest.
3. Find the periodic payment needed to accumulate P100,000 in 8 years, with an ordinary annuity earning 7% annually.
4. A loan of P50,000 is to be repaid by equal annual payments over 6 years at 10% annual interest. Find the annual payment.
5. Find the future value of an ordinary annuity of P1,000 monthly for 3 years at 12% compounded monthly.
6. Find the present value of an ordinary annuity of P800 quarterly for 5 years at 8% compounded quarterly.
7. Find the number of years needed to accumulate P200,000 through an ordinary annuity of P20,000 per year at 6% annual interest.
8. Find the ordinary annuity payment needed to pay off a P30,000 debt in 5 years at 9% annual interest.