The institute of Electronics and Communications Engineers of the Philippines (IECEP) is planning to put up its own building. Two proposals being considered are below.

1. The construction of the building now to cost p 400,000
2. The construction of a smaller building now to cost p300,000 and at the end of 5 years, an extension to be added to cost p 200,000.
By How much is proposal b more economical than proposal a if interest rate is 20% and depreciation to be neglected ?

In year zero, you invest P 10,000.00 in a 15% security for 5 years. During that time, the average annual inflation is 6%. How much in terms of year zero pesos will be in the account at maturity ?

A. P 15,030.03
B. P 20,113.57
C. P 18,289.05
D. P 16,892.34

Who is the Current Prime Minister of Bangladesh?

A. Sheikh hasina wajid
B. Khalida zia
C. Mohammad hassan mehmood
D. None of the above.

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 ?

A. P 3,260.34
B. P 3,280.34
C. P 3,270.34
D. P 3,250.34

What is the present worth of two P 100 payments at the end of the third year and fourth year? The annual interest rate is 8%?

A. P 150.56
B. P 152.88
C. P 153.89
D. P 151.09

You borrow P3,500.00 for one year from a friend at an interest rate of 1.5% per month instead of taking a loan from a bank at a rate of 18% per year. How much lesser you will pay by borrowing the money from the bank ?

A. P 62.44
B. P44.55
C. P54.66
D. P37.56

A student plans to deposit P1,500 in the bank now and another P3,000 for the next 2 years. If he plans to withdraw P5,000 three years from after his last deposit for the purpose of buying shoes, what will be the amount of money left in the bank after one year of his withdrawal? Effective annual interest rate is 10% ?

A. P1,549.64
B. P1,459.64
C. P1,345.98
D. P1,945.64

Parliament or House of the Nation of the Bangladesh also known as_________?

A. Lok sabha
B. Jatiya sangsad
C. Rajiya sabha
D. All of the above

Mandarin Bank advertises 9.5% account that yields 9.84% annually. Find how often the interest is compounded ?

A. Monthly
B. Bimonthly
C. Quarterly
D. Annually

A sum of P1,000 is invested now and left for eight years, at which time the principal is withdrawn.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 ?

A. P693.12
B. P700.12
C. P702.15
D. P705.42