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 ?

Related Mcqs:

What refers to the amount of money paid for the use of borrowed capital ?

A. Interest B. Rate of interest C. Simple interest D. Principal...

What is defines as the analysis and evaluation of the monetary consequences by using the theories and principles of economics to engineering applications, designs and projects ?

A. Economic Analysis B. Engineering cost analysis C. Engineering economy D. Design cost analysis...

Miss Calledo deposited P 1,000, P 1,500 and P 2,000 at the end of the 2nd year, 3rd year and 4th year, respectively in a savings account which earned 10% per annum. How much is in the account at the end of the 4th year ?

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What is a secondary book of accounts, the information of which is obtained from the journal is called ?

A. Balanced sheet B. Ledger C. Worksheet D. Trial balance...