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A sum of P1,000 is invested now and left for eight years, at which time the principal is withdrawn.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

ANSWER DOWNLOAD EXAMIANS APP

Engineering Economics
A construction estimate is used

To judge tentatively or approximate value of the project
None of these
To produce a statement of the approximate cost
To decide an approximation of the value of the project and not the exact cost

ANSWER DOWNLOAD EXAMIANS APP