Chemical Engineering Mcqs


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  • 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 ?
  • What is the present worth of a year annuity paying P 3,000.00 at the end of each year, with interest at 8% compounded annually ?
  • A factory operator bought a diesel generator set for P 10,000.00 and agreed to pay the dealer uniform sum at the end of each year for 5 years at 8% interest compounded annually, that the final payment will cancel the debt for principal and interest. What is the annual payment ?
  • What annuity is required over 12 years to equate with a future amount of P 20,000? Assume i= 6% annually ?
  • What is the present worth of a P500 annuity starting at the end of the third year and continuing to the end of the fourth year, if the annual interest rate is 10 % ?

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