Civil Engineering Board Exam Review
Civil Engineering Board Exam Review
Civil Engineering Board Exam Review
1. The tag price of a certain commodity is for 100 days. If 10. If money is worth 8% compounded quarterly, calculate
paid in 31 days, there is a 3% discount. What is the simple the present value of an annuity of Php 1,000 payable
interest paid? quarterly for 50 years.
a. 16.14% b. 12% c. 14.16% d. 18%