Assignment 2 Course: Engineering Economy Date: 20 March 2021 Q1: Ali received a loan $50,000 to be repaid in 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] 0 1 2 3 4 5 6 7 8 2000 2200 2x 2800 3000 3200 3400