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A sum of P1,000 is invested now and left for eight years, at which time the principal is withdrawn.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

It can be handed down from one generation of partners to another.
Its capitalization must be equal for each partner.
It will be dissolved if one of the partners ceases to be connected with the partnership.
It has a perpetual life.

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