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%.

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

P1,945.64

P1,345.98

P1,549.64

P1,459.64

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Engineering Economics
A mathematical expression also known as the present value of annuity of one is called ______.

Demand factor

Present worth factor

Load factor

Sinking fund factor

Demand factor

Present worth factor

Load factor

Sinking fund factor

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Engineering Economics
You borrow P3,500.00 for one year from a friend at an interest rate of 1.5% per month instead of taking a loan from a bank at a rate of 18% per year. How much lesser you will pay by borrowing the money from the bank?

P44.55

P54.66

P 62.44

P37.56

P44.55

P54.66

P 62.44

P37.56

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Engineering Economics
What is the present worth of a P500 annuity starting at the end of the third year and continuing to the end of the fourth year, if the annual interest rate is 10 %?

P 717.17

P 714.71

P 731.17

P 727.17

P 717.17

P 714.71

P 731.17

P 727.17

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Engineering Economics
The alternatives which are standalone solutions for given situations in engineering involve:

All of these

A purchase cost (first cost)

The anticipated resalable value (salvage value) and the interest return (rate of return)

The anticipated life of the assets

All of these

A purchase cost (first cost)

The anticipated resalable value (salvage value) and the interest return (rate of return)

The anticipated life of the assets

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Engineering Economics
Which is NOT an essential element of an ordinary annuity?

The amounts of all payments are equal.

The payments are made at equal interval of time.

The first payment is made at the beginning of the first period.

Compound interest is paid on all amounts in the annuity.

The amounts of all payments are equal.

The payments are made at equal interval of time.

The first payment is made at the beginning of the first period.

Compound interest is paid on all amounts in the annuity.

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Engineering Economics

Engineering Economics A mathematical expression also known as the present value of annuity of one is called ______.

Engineering Economics You borrow P3,500.00 for one year from a friend at an interest rate of 1.5% per month instead of taking a loan from a bank at a rate of 18% per year. How much lesser you will pay by borrowing the money from the bank?

Engineering Economics What is the present worth of a P500 annuity starting at the end of the third year and continuing to the end of the fourth year, if the annual interest rate is 10 %?

Engineering Economics The alternatives which are standalone solutions for given situations in engineering involve:

Engineering Economics Which is NOT an essential element of an ordinary annuity?

Engineering Economics
A mathematical expression also known as the present value of annuity of one is called ______.

Engineering Economics
You borrow P3,500.00 for one year from a friend at an interest rate of 1.5% per month instead of taking a loan from a bank at a rate of 18% per year. How much lesser you will pay by borrowing the money from the bank?

Engineering Economics
What is the present worth of a P500 annuity starting at the end of the third year and continuing to the end of the fourth year, if the annual interest rate is 10 %?

Engineering Economics
The alternatives which are standalone solutions for given situations in engineering involve:

Engineering Economics
Which is NOT an essential element of an ordinary annuity?