Engineering Economy Mcqs
Q. A man loans P 187,400 from a bank with interest at 5% compounded annually. He agrees to pay his obligations by paying 8 equal annual payments, the first being due at the end of 10 years. Find the annual payments ?
a. P 43,600.10
b. P 43,489.47
c. P 43,263.91
d. P 43,763.20
No explanation is available for this question!
