What is the present worth of a year annuity paying P 3,000.00 at the end of each year, with interest at 8% compounded annually ?

Related Mcqs:

Under ordinary simple interest, how many days in one year ?

A. 300 B. 360 C. 365 D. 366...

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...

A sum of P1,000 is invested now and left for eight years, at which time the principal is withdrawn.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

The declining balance method is also known as ____________________?

A. Double percentage method B. Constant percentage method C. Modified sinking fund method D. Modified SYD method...

The ratio of the net income before taxes to net sales is called __________________?

A. Current ratio B. Inventory turnover C. Profit margin ratio D. Price-earnings ratio...