The 3rd edition was published years ago, but . E = P(1+i)^n still holds true. However, be aware that the 3rd edition uses "old" currency values (Pesos) and interest rate conventions. The 4th or 5th editions exist, but most professors stick to the 3rd because the problem sets are classic.
Engineering economy is a foundational pillar for any aspiring engineer. It bridges the gap between theoretical design and real-world implementation by asking a crucial question: Among the most utilized resources in Southeast Asia for mastering this subject is the textbook Engineering Economy, 3rd Edition by Hipolito Sta. Maria. The 3rd edition was published years ago, but
A man loans P100,000 from a bank with 10% compounded annually. He agrees to pay P20,000 at the end of each year. How many full payments will he make, and what will be the final smaller payment? The 4th or 5th editions exist, but most
Good luck with your midterms, and may your discount rates always be accurate. Maria. A man loans P100
Here is the warning label you need to hear: