Answered: How much should the engineer borrow…

How much should the engineer borrow from a bank that charges 10% simple discount for 6 months if he received an amount of P14, 500?

Fundamentals Of Construction Estimating

4th Edition

ISBN:9781337399395

Author:Pratt, David J.

Publisher:Pratt, David J.

Chapter18: Life-cycle Costing

Section: Chapter Questions

Problem 7RQ

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How much should the engineer borrow from a bank that charges 10% simple discount for 6 months if he received an amount of P14, 500?

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How large of a repayment must Theresa make each year starting next year if sheborrows $60,000 now to start up a consulting office and if she promises to make equalannual payments for 5 years. Assume the interest rate is 8% per year
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