Engineering Economics
A firm borrows P2,000 for 6 years at 8%. At the end of 6 years, it renews the loan for the amount due plus P2,000 more for 2 years at 8%. What is the lump sum due?

P 3,260.34
P 3,250.34
P 3,280.34
P 3,270.34

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Engineering Economics
In case of bankruptcy of a partnership,

The partnership assets (excluding the partners personal assets) only will be used to pay the liabilities
The partners personal assets are attached to the debt of the partnership
The partners are not liable for the liabilities of the partnership
The partners nay sell stock to generate additional capital

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