TOPIC: ENGINEERING ECONOMICS 1.An employee was promised by his boss that he will have a salary of P295,000 on his first month and will be increased by 30.7% on the

TOPIC: ENGINEERING ECONOMICS 1.An employee was promised by his boss that he will have a salary of P295,000 on his first month and will be increased by 30.7%
on the succeeding months. will be his total salary for one year if interest is 24% compounded annually. 2. A certain amount was borrowed today and to be paid for 5 years. The first payment was P310300 made at the end ot the first
year and the succeeding payments to be increased by P30,500 per year. How much is the borrowed amount? show the step-by-step solution and use this YT links as a guide reference:

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