Assignment 2 Course: Engineering Economy Date: 20 March 2021 Q1: Ali received a loan of $50,000 to be repaid in 8 equal end-of-year payments at 10% [4 marks) a. Find the value of the installments b. After 3 years, how much of the loan would be paid? Q2: Mention your specific specialization, and provide a practical example about shifted geometric series. [2 marks] Q3: The annual worth for years 1 through 8 of the cash flows shown is $30,000. What is the amount of x, the cash flow in year 3, at i = 10% per year? (4 marks) 2000 2200 2x 2800 3000 3200 3400 . Example : The supply and demand functions of a good are given by P = Q5 +8.P = -3Qd + 80 where P Q S and Q D denote price, quantity supplied and quantity demanded respectively. (a) Find the equilibrium price and quantity if the government imposes a fixed tax of $36 on each good. Graph (b) Find the corresponding value of the government's tax revenue.