Engineering Economics
A student plans to deposit P1,500 in the bank now and another P3,000 for the next 2 years. If he plans to withdraw P5,000 three years from after his last deposit for the purpose of buying shoes, what will be the amount of money left in the bank after one year of his withdrawal? Effective annual interest rate is 10%.

P1,549.64
P1,459.64
P1,345.98
P1,945.64

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Engineering Economics
Perfect monopoly exists only if:

the single vendor can prevent the entry of all other vendors in the market
the single vendor gets the absolute franchise of the product
the single vendor is the only one who has the permit to sell
the single vendor is the only one who has the knowledge of the product

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