Engineering Economics
A person buys a piece of lot for P 100,000 downpayment and 10 deferred semi-annual payments of P 8,000 each, starting three years from now. What is the present value of the investment if the rate of interest is 12% compounded semi-annually?

P 143,104.89
P 142,999.08
P 142,189.67
P 143,999.08

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Engineering Economics
A construction estimate is used

To decide an approximation of the value of the project and not the exact cost
To produce a statement of the approximate cost
None of these
To judge tentatively or approximate value of the project

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