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 6,922.93
P 6,999.39
P 6,292.93
P 6,222.39

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Engineering Economics
Which is true about corporation?

It is worse type of business organization.
Its life is dependent on the lives of the incorporators.
The stock holders of the corporation are only liable to the extent of their investments.
The minimum number of incorporators to start a corporation is three.

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