Engineering Economics
Which is true about corporation?

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

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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?

0.1628
0.1647
0.1602
0.1632

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