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Engineering Economics

Engineering Economics
The original record of a business transaction is recorded in this book.

Journal
Work book
Ledger
Account book

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Engineering Economics
The difference between the present and future worth of money at some time in the future is called ______.

Depletion
Deduction
Inflation
Discount

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Engineering Economics
One banker’s year is equivalent to ______ days.

360
366
300
365

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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A sum of P1,000 is invested now and left for eight years, at which time the principal is withdrawn.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
What is a government bond which has an indefinite life rather than a specific maturity?

T-bill
Debenture
Consol
Coupon

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Engineering Economics
Mr. Bacani borrowed money from the bank. He received from the bank P1,842 and promised to repay P2,000 at the end of 10 months. Determine the rate of simple interest.

0.1029
0.1203
0.1154
0.1219

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