Mr. Bacani borrowed money from the bank. He received from the bank P1,842 and promised to repay P2,000 at the end of 10 months. Determine the rate of simple interest.

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)

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. Sole proprietorship

B. Entrepreneurship

C. Partnership

D. Corporation

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

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

A. Architect/engineer

B. Construction manager

C. Owner himself/herself

D. None of the above