Engineering Economics
A sum of P1,000 is invested now and left for eight years, at which time the principal is withdrawn. The interest has accrued is left for another eight years. If the effective annual interest rate is 5%, what will be the withdrawal amount at the end of the 16th year?

P702.15
P705.42
P700.12
P693.12

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Engineering Economics
Perfect monopoly exists only if:

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

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