Engineering Economics
Mr. Jun Ramos was granted a loan of P20,000 by his employer Excel First Review and Training Center, Inc. with an interest of 6% for 180 days on the principal collected in advance. The corporation would accept a promissory note for P20,000 non-interest for 180 days. If discounted at once, find the proceeds of the note.

P19,100
P18,900
P18,000
P19,000

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Engineering Economics
Pick up the correct reason for making conceptual (or preliminary) estimate from the following:

To have a check on a definitive cost estimate
To compute target estimate for the owner while drawing and specifications are in initial stage
All of these
To check quotations from contractors and/or sub-contractors

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