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A sum of P1,000 is invested now and left for eight years, at which time the principal is withdrawn.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?

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

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Engineering Economics
Which is true about corporation?

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

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