A form of business organization in which a person conducts his business alone and entirely for his own profit, being solely responsible for all its activities and liabilities.

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.

Keeping in view, the feasibility order of magnitude, the preliminary, conceptual or budget estimates, are prepared by:

A construction estimate is used

If P is principal amount, $$I$$ is the rate of interest per annum and n is the number of periods in years, the compound amount factor (CAF) is:

If interest is paid more than once in a year, ‘i’ is the rate of interest per year, ‘n’ is the number of periods in years and ‘m’ is a number of periods per years, compound amount factor (CAF) is:

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