Engineering Economics
A sum of P1,000 is invested now and left for eight years, at which time the principal is withdrawn. The interest has accrued is left for another eight years. If the effective annual interest rate is 5%, what will be the withdrawal amount at the end of the 16th year?

P693.12
P702.15
P705.42
P700.12

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

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