Engineering Economics
Annuities involve:

Payment at equal time intervals
All payments of equal amount
All of these
A series of payments

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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?

16.47 %
16.32 %
16.02 %
16.28 %

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Engineering Economics
Pick up the correct statement regarding financial statement analysis from the following.

All listed here
The balance sheet is the summary of assets, liabilities and owner's equity of business at a point in time
Final analysis always involves the use of various financial statements i.e., balance sheet and income statement
The income statement is the summary of revenues and expenses of a firm over a particular period of time

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