Engineering Economics A young engineer borrowed P 10,000 at 12% interest and paid P 2,000 per annum for the last 4 years. What does he have to pay at the end of the fifth year in order to pay off his loan? P 6,292.93 P 6,922.93 P 6,999.39 P 6,222.39 P 6,292.93 P 6,922.93 P 6,999.39 P 6,222.39 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics It is the practice of almost all banks in the Philippines that when they grant a loan, the interest for one year is automatically deducted from the principal amount upon release of money to a borrower. Let us therefore assume that you applied for a loan with a bank and the P80,000 was approved at an interest rate of 14% of which P11,200 was deducted and you were given a check of P68,800. Since you have to pay the amount of P80,000 one year after, what then will be the effective interest rate? 0.1632 0.1602 0.1647 0.1628 0.1632 0.1602 0.1647 0.1628 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the claim of anyone to ownership? Liability Assets Equity Proprietorship Liability Assets Equity Proprietorship ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A college freshman borrowed P2,000 from a bank for his tuition fee and promised to pay the amount for one year. He received only the amount of P1,920 after the bank collected the advance interest of P80.00. What was the rate of discount? 0.04 0.0367 0.0415 0.0425 0.04 0.0367 0.0415 0.0425 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A investor wishes to earn 7% on his capital after payment of taxes. If the income from an available investment will be taxed at an average rate of 42%, what minimum rate of return, before payment of taxes, must the investment offer to be justified? 0.1207 0.1287 0.1267 0.1234 0.1207 0.1287 0.1267 0.1234 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics If a seller recovers his capital along with accumulated compensating interest not in one single lump-sum payment but in periodical equal payments, over time: Sinking Fund Annuity is availed Sinking Fund Annuity is availed Capital Recovery Annuity fs availed Present work Annuity is availed Sinking Fund Annuity is availed Sinking Fund Annuity is availed Capital Recovery Annuity fs availed Present work Annuity is availed ANSWER DOWNLOAD EXAMIANS APP
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