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
Answer: Option C
This Question Belongs to Civil Engineering >> Engineering Economics
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The CRF (ep) is also known as: [CRF(EP) - 8% - 7], where
A. 8% is the rate of interest per year
B. Money is borrowed for n = 7 years
C. Both (A) and (B)
D. Neither (A) nor (B)
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B. Entrepreneurship
C. Partnership
D. Corporation
A. P 43,600.10
B. P 43,489.47
C. P 43,263.91
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A. Architect/engineer
B. Construction manager
C. Owner himself/herself
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