Engr. Resterio borrowed P15,000 two years ago. The terms of the loan are 10% interest for 1O years with uniform payments. He just made his second annual payment. How much principal does he still owe? P 5,126.48 P 18,150.00 P 2,441.18 P 13,023.52 P 23,276.48

Engr. Resterio borrowed P15,000 two years ago. The terms of the loan are 10% interest for 1O years with uniform payments. He just made his second annual payment. How much principal does he still owe? P 5,126.48 P 18,150.00 P 2,441.18 P 13,023.52 P 23,276.48

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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please answer number 11:bes 221-engineering economics. please give detailed and correct answers. I will report to bartleby thos tutors who will give incorrect answers.

Engr. Resterio borrowed P15,000 two years ago. The terms of the loan are 10%
interest for 1O years with uniform payments. He just made his second annual
payment. How much principal does he still owe?
P 5,126.48
P 18,150.00
P 2,441.18
P 13,023.52
P 23,276.48
O P 9,873.52

Application of economic techniques to the evaluation of design and engineering alternatives. The role of engineering economics is to assess the appropriateness of a given project, estimate its value, and justify it from an engineering standpoint.

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