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%.

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

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Engineering Economics
Liquidity ratios are used:

All of these
To measure a firm’s ability to meet short-cut obligations
To obtain much insight into the present cash solvency of the firm and the firm
To compare short term obligations to short-term resources available to meet these obligations

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