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Civil Engineering Board Exam Review

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CIVIL ENGINEERING BOARD EXAM REVIEW

ENGINEERING ECONOMY EXAM

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%

2. How much is the interest that will be paid on a Php25,000


loan that was made on May 1, 2002 and repaid on August “Behind the hills of effort
1,2005 with exact simple interest at 8% per year. Lies the valley of success”
a. 6503.01 c. 6506.20
b. 6605.12 d. 6504.11

3. Using simple interest how many days must a P50,000


value bearing 5% accumulate an interest of P3,000?
a. 438 b. 437 c. 433 d. 432

4. Find the value after 20 years in pesos of an annuity of


P120,000 payable annually for 8 years, with the first
payment at the end of 2 years if money is worth 5%.
a. 1,959,866 c. 2,326,644
b. 2,014,128 d. 1,381,179

5. Determine the annual payment needed to retire Php


70,000,000 in bonds issued by a city to build a dam. The
bonds must be repaid over a 50-year period, and they earn
interest at an annual rate of 6% compounded annually.
a. 241,100 c. 3,332,200
b. 4,441,100 d. 2,241,100

6. A deposit of Php 110,000 was made for 31 days. The net


interest after deducting the 20% withhold tax is P 890.36
Find the rate of return annually.
a. 11.75% c. 17.11%
b. 12.12% d. 9.14%

7. Suppose that a fixed sum of money “A” will be deposited


in a savings account at the end of each year for 20 years. If
the bank pays 6% per year, compounded annually, find “A”
such that a total of P50,000 will be accumulated at the end of
the 20-year period.
a. P4359 c. P4112
b. P1282 d. P1359

8. A man borrows Php 6,400 from a loath association. In


repaying this debt he has to pay Php 400 at the end of every
3 months on the principal and a simple interest of 16% on
the outstanding principal at that time. Determine the total
amount he has paid after paying all his debt.
A. 8,576.00 B. 7,424.00 C. 11,987.06 D. 9,079.00

9. If Php 1,000 becomes Php 1,811.36 after 5 years when


invested at an unknown rate of interest compounded bi-
monthly, determine the effective rate of interest.
A. 12.00% B. 81.14% C. 11.91% D. 12.62%

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