Engineering Economics
Mr. Jun Ramos was granted a loan of P20,000 by his employer Excel First Review and Training Center, Inc. with an interest of 6% for 180 days on the principal collected in advance. The corporation would accept a promissory note for P20,000 non-interest for 180 days. If discounted at once, find the proceeds of the note.

P18,000
P19,000
P19,100
P18,900

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Engineering Economics
In a cash flow series:

Either an increase or decrease in the amount of a cash flow is called the gradient
The gradient in the cash flow may be positive or negative
Uniform gradient signifies that an income or disbursement changes by the same amount in each interest period
All of these

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