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/m)n (1 + i/n)1/m (1 + i/m)1/n (1 + i/n)m (1 + i/m)n (1 + i/n)1/m (1 + i/m)1/n (1 + i/n)m ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What are the common methods of computing depletion charge? Conservative method and conventional method Discrete method and depletion allowance method Rational method and irrational method Unit method and percentage method Conservative method and conventional method Discrete method and depletion allowance method Rational method and irrational method Unit method and percentage method ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics How long will it take money to double itself if invested at 5% compounded annually? 14.2 years 14.7 years 13.7 years 15.3 years 14.2 years 14.7 years 13.7 years 15.3 years ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is used to record historical financial transactions? Bookkeeping system Balance check General journal system Ledger system Bookkeeping system Balance check General journal system Ledger system ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is defined as the interest on a load or principal that is based only on the original amount of the loan or principal? Simple interest Nominal rate of interest Effective rate of interest Compound interest Simple interest Nominal rate of interest Effective rate of interest Compound interest 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? 16.47 % 16.02 % 16.32 % 16.28 % 16.47 % 16.02 % 16.32 % 16.28 % ANSWER DOWNLOAD EXAMIANS APP
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