If ‘S’ is the future capital accumulated in ‘n’ years at the rate of interest ‘I’ per annum, then present worth is: S (1 + i)1/n S (1 + i)n S/(1 + i)n None of these TRUE ANSWER : ? YOUR ANSWER : ?
Engr. Trinidad loans from a loan firm an amount of P100,000 with a rate of simple interest of 20% but the interest was deducted from the loan at the time the money was borrowed. If at the end of one year, she has to pay the full amount of P100,000, what is the actual rate of interest? 0.25 0.235 0.258 0.247 TRUE ANSWER : ? YOUR ANSWER : ?
A loan for P50,000 is to be paid in 3 years at the amount of P65,000. What is the effective rate of money? 0.0914 0.0931 0.0901 0.0941 TRUE ANSWER : ? YOUR ANSWER : ?
What type of depreciation is due to the reduction of the physical ability of an equipment or asset to produce results? Physical depreciation Functional depreciation Design depreciation Demand depreciation TRUE ANSWER : ? YOUR ANSWER : ?
A young engineer borrowed P 10,000 at 12% interest and paid P 2,000 per annum for the last 4 years. What does he have to pay at the end of the fifth year in order to pay off his loan? P 6,999.39 P 6,222.39 P 6,922.93 P 6,292.93 TRUE ANSWER : ? YOUR ANSWER : ?
The project contractor relies on the cost of the estimate: For preparation of a definitive estimate to help negotiate contract For submission of a competitive bid for a lump-sum contract All of these For a unit price contract TRUE ANSWER : ? YOUR ANSWER : ?
The CRF (ep) is also known as: [CRF(EP) - 8% - 7], where Both (A) and (B) 8% is the rate of interest per year Money is borrowed for n = 7 years Neither (A) nor (B) TRUE ANSWER : ? YOUR ANSWER : ?
The amount of property in which a willing buyer to a willing seller for the property when neither one is under the compulsion to buy nor to sell is called ______. Book value Market value Fair value Good will value TRUE ANSWER : ? YOUR ANSWER : ?
A machine costs of P 8,000 and an estimated life of 10 years with a salvage value of P 500. What is its book value after 8 years using straight line method? P 2,100.00 P 2,000.00 P 2,200.00 P 2,300.00 TRUE ANSWER : ? YOUR ANSWER : ?
If there are many sellers and few buyers, the market situation is _________ . Duopsony Monopoly Oligopoly Oligopsony TRUE ANSWER : ? YOUR ANSWER : ?