Engineering Economics The person desires to pay off the amount in 10 equal annual instalments. The amount of each installment is: Rs. 6638 None of these Rs. 5638 Rs. 7738 Rs. 6638 None of these Rs. 5638 Rs. 7738 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A student plans to deposit P1,500 in the bank now and another P3,000 for the next 2 years. If he plans to withdraw P5,000 three years from after his last deposit for the purpose of buying shoes, what will be the amount of money left in the bank after one year of his withdrawal? Effective annual interest rate is 10%. P1,345.98 P1,945.64 P1,549.64 P1,459.64 P1,345.98 P1,945.64 P1,549.64 P1,459.64 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics If interest is paid more than once in a year, ‘i’ is the rate of interest per year, ‘n’ is the number of periods in years and ‘m’ is a number of periods per years, compound amount factor (CAF) is: (1 + i/n)m (1 + i/m)1/n (1 + i/n)1/m (1 + i/m)n (1 + i/n)m (1 + i/m)1/n (1 + i/n)1/m (1 + i/m)n ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A firm borrows P2,000 for 6 years at 8%. At the end of 6 years, it renews the loan for the amount due plus P2,000 more for 2 years at 8%. What is the lump sum due? P 3,260.34 P 3,270.34 P 3,250.34 P 3,280.34 P 3,260.34 P 3,270.34 P 3,250.34 P 3,280.34 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? 16.02 % 16.28 % 16.32 % 16.47 % 16.02 % 16.28 % 16.32 % 16.47 % ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is another term for “perfect competition”? Atomistic competition No-limit competition Heterogeneous market Free-for-all competition Atomistic competition No-limit competition Heterogeneous market Free-for-all competition ANSWER DOWNLOAD EXAMIANS APP
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