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A sum of P1,000 is invested now and left for eight years, at which time the principal is withdrawn.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?

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

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Engineering Economics
The key to profitable operation for project cost control, is:

To keep the project cost equal to subsequent construction budget
To keep the project cost equal to original cost estimate
To keep the project cost within the cost budget and knowing when and where job costs are deviating
None of these

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