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 3,270.34
P 3,280.34

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Engineering Economics
In a cash-flow diagram:

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

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