What refers to the value of an asset which a disinterested third party, different from the buyer and seller, will determine in order to establish a price acceptable to both parties?

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