SUBJECT: ENGINEERING ECONOMICSBy condition of a will, the sum of P 2,000 is left to a girl to be held in trust fund by her guardian until it amounts to P 50,000. When will the girl received the money if the fund is invested at 8% compounded quarterly? When will the amount be tripled with an interest of 11.56%?A man borrowed P 1,000,000 at interest rate of 12% per annum compounded quarterly. What is the effective rate?

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Answered: By condition of a will, the sum of P…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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SUBJECT: ENGINEERING ECONOMICS

By condition of a will, the sum of P 2,000 is left to a girl to be held in trust fund by her guardian until it amounts to P 50,000. When will the girl received the money if the fund is invested at 8% compounded quarterly?
When will the amount be tripled with an interest of 11.56%?
A man borrowed P 1,000,000 at interest rate of 12% per annum compounded quarterly. What is the effective rate?

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