Solution: What is the lump sum due?
(Last Updated On: January 9, 2020)
Problem Statement: ME Board April 1996
A firm borrows P2,000 for 6 years at 8%. At the end of 6 years, it renews the loan for the amount due plus P2,000 more for 2 years at 8%. What is the lump sum due?
The lump sum due is
Latest Problem Solving in Engineering Economics (Simple & Compound Interest)
More Questions in:
Engineering Economics (Simple & Compound Interest) Online Questions and Answers in Engineering Economics (Simple & Compound Interest)
Please do Subscribe on YouTube!
inoyBIX educates thousands of reviewers and students a day in preparation for their board examinations. Also provides professionals with materials for their lectures and practice exams. Help me go forward with the same spirit.
“Will you subscribe today via YOUTUBE?”
Pinoy BIX ™ Engineering
. © 2014-2020 All Rights Reserved |
How to Donate?