Engineering Economics
A college freshman borrowed P2,000 from a bank for his tuition fee and promised to pay the amount for one year. He received only the amount of P1,920 after the bank collected the advance interest of P80.00. What was the rate of discount?

0.0415
0.04
0.0425
0.0367

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Engineering Economics
In a cash-flow diagram:

Time 0 is considered to be the present
All of these
A vertical arrow pointing up indicates a positive cash flow
Time 1 is considered to be the end of time period 1

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