Review

Comprehensive
Exam 3
SUBJECT CODE: RCE3

PROBLEM 1: PROBLEM 9: PROBLEM 17:

This is defined as a traffic flow model The sum of yellow and all-red period in How much will a seller amortize a
describing linear relation between between phases product with a down payment of
speed and density. a. traffic light 13,000 Php for a monthly payment
a. traffic flow b. queue payable for 2 years, if he sells the
b. Greenshield’s model c. clearance interval same product on a price of 210,000
c. Charle’s model d. stop time Php after deducting the display price
d. traffic chart PROBLEM 10: of 15% discount. 𝑖𝑒 = 10%
PROBLEM 2: A geometric improvement normally SOLUTION:
The distance between two vehicles applied at intersections to simplify Solve the equivalent nominal
measured from the front bumper of movements of vehicles to lead drivers interest rate first:
one vehicle to that of another. to face one conflict at a time. 𝑖𝑛 𝑚
a. spacing b. volume a. queuing (1 + 𝑖𝑒 )1 = (1 +)
𝑚
c. density d. queue b. capacity
𝑖 12
PROBLEM 3: c. generation (1 + 10%)1 = (1 + 𝑛 )
A rule that states when two vehicles d. channelization 12
PROBLEM 11: 𝑖𝑛 = 9.568969%
arrive at the same time at the
intersection, the vehicle on the right These are hazardous or accident- Notice that the problem expresses
has the priority prone areas. that the products final cost is 210
a. Right of Way a. Accidental Area 000 Php:
b. Intersection Rule b. Dangerous Area 210000(1 + 10%)2
c. Priority Rule c. blackspots = 13000(1 + 10%)2
d. Right Priority Rule d. darkspots 9.57% 12𝑥2
PROBLEM 4: PROBLEM 12: (1 + ) −1
12
+ 𝐴[ ]
A method of alleviating congestion by A curve characterized by a short 9.57%
charging any vehicle entering the tangent between two sub-curves in the 12
restrain zone a special fee to same direction. ∴ (𝑨. ) 𝑨 = 𝟗𝟓𝟎𝟏. 𝟒𝟏 𝑷𝒉𝒑
depending on the level of congestion a. Back Curve
in the area. b. Broken Back Curve SITUATION I:
a. Toll c. Backing Broken Curve A certain commodity is marked
b. Road Closure d. Reverse Curve 120,000 Php. A buyer agrees to pay
c. Road Pricing PROBLEM 13: the product with a 20,000 Php down
d. Tariff The maximum traffic flow that is payment and promises to settle the
PROBLEM 5: expected for a uniform of section to remaining by giving a total of 10,000
The number of trips attracted to a accommodate in a given time Php every six month. Effective interest
certain zone. a. Overhead Flow rate for the commodity is 10%.
a. Queue b. Maximum Traffic 18. How long will the buyer settle all
b. Trip Attraction c. Flow Rate his fees?
c. Level of Service d. Capacity SOLUTION:
d. Trip Distribution PROBLEM 14: Solve the equivalent nominal
PROBLEM 6: A multiple arc simple curve having the interest rate first:
A part of a four-step model with the center at the same side of a common 𝑖𝑛 𝑚
(1 + 𝑖𝑒 )1 = (1 +)
objective of determining from which tangent 𝑚
zones the trips are generated and to a. Simple Curve 𝑖 2
which zones these trips are bound. b. Spiral Curve (1 + 10%)1 = (1 + 𝑛 )
2
a. Queue c. Compound Curve 𝑖𝑛 = 9.761770%
b. Trip Attraction d. Reverse Curve Equate the future amounts of the
c. Level of Service PROBLEM 15: payments present, set the number of
d. Trip Distribution The angle of inclination of a curved years to x:
PROBLEM 7: road necessary to counteract the 120000(1 + 10%)𝑥
The flow occurring at long sections of developing centrifugal force = 20000(1 + 10%)𝑥
road where vehicles are not required a. Curving Angle 9.76% 2𝑥
(1 +
by any cause external to the traffic b. Angle of Friction
+10000 [ 2 ) − 1]
stream c. Super elevation 9.76%
a. Uninterrupted d. Hyper elevation 2
b. Laminar PROBLEM 16: Use Shift-Solve function of your
c. Turbulent Determine the number of years it will calculator and you will get:
d. Free take for an amount of 30, 000 Php to 𝑥 = 7.0255
PROBLEM 8: become a total of 50,000 Php if it is Now, it would be more reasonable to
A spiral that serves as a transition invested in an account that gains an settle payments on the 39th year to
path as the vehicle enters or leaves a interest rate of 8% every four months. unnecessary payment of interest.
circular curve SOLUTION: ∴ (𝑩. ) 𝟕 𝒚𝒆𝒂𝒓𝒔
a. paraboloid 𝑗 𝑚𝑛
b. spheroid 𝐹 = 𝑃 (1 + 𝑚)
c. clothoid
d. none of the above
8% 3𝑛
50 000 = 30 000 (1 + )
3
∴ (𝑪. ) 𝒏 = 𝟔. 𝟒𝟕
 Review
Comprehensive
Exam 3
SUBJECT CODE: RCE3

19. What will be the final payment the 23. If he agrees to come in terms with PROBLEM 27:
buyer makes to settle all his fees? the first company but negotiates to pay ‘5-6’ is a common lending system in
SOLUTION: the amount by making payments once the Philippines. It is comprised of
Since the payment would only be every 6 months, how much money getting 500Php and paying 600Php
until 39 years, there would be a shall he pay the first company semi- after an indefinite amount of time. If
certain balance that would be annually? you took a loan of 10,000 Php on this
unpaid until the last payment on SOLUTION: system, how much effective interest
said year: Solve the equivalent nominal will this system charge you if you pay
120000(1 + 10%)7 interest rate first: it after one year?
= 20000(1 + 10%)7 𝑖𝑛 𝑚 SOLUTION:
9.76% 7 (1 + 𝑖𝑒 )1 = (1 + ) Following said system let’s try to
(1 + 2 ) − 1 𝑚
+10000 [ ] 𝑖 2 find out the final payment the
9.76% (1 + 12%)1 = (1 + 𝑛 ) debtor is required to settle if he
2 2
𝑖𝑛 = 11.6601% borrows a lump sum of 10,000:
+𝐵 10 000
11.66% 1𝑥2 𝑥600 = 12 000
𝐵 = 497.71 𝑃ℎ𝑝 (1 +
11200 = 𝐴 [ 2 ) − 1] 500
Now, it would be more logical to 11.66% 𝐹 = 𝑃 (1 + 𝑖𝑒 )𝑛
settle this balance along with the 2 12 000 = 10 000(1 + 𝑖𝑒 )1
last uniform payment, in order to ∴ (𝑩𝑶𝑵𝑼𝑺) 𝑨 = 𝟓𝟒𝟒𝟏. 𝟑𝟖 ∴ 𝑩. ) 𝒊𝒆 = 𝟐𝟎%
(
avoid paying a higher amount due to SITUATION III: PROBLEM 28:
this balance gaining interest: Alice wants to be a ‘wise’ money A One Plus 7T smartphone is priced
20. If the𝐹buyer
= 10000 + 497.71
plans to settle all fees saver. She has 100,000 Php and is 30,000 Php. If you got a chance to get
in just one∴ (𝑫. )year,
𝟏𝟎 𝟒𝟗𝟕. 𝟕𝟏 monthly
what willing to put it in the bank. She found one and pay it via installment with a
payment will he pay to do so? two banks that accepts saving based 7,000 Php down payment. How much
SOLUTION: on a simple interest. One bank offers monthly payment shall you pay if it is
Solve the equivalent nominal 15% simple interest and another offers due for 10 months and money is worth
interest rate first: 10% simple interest, and she invested 12% effective interest?
𝑖𝑛 𝑚 in both banks. After a year, she
SOLUTION:
(1 + 𝑖𝑒 )1 = (1 +
) withdraws all interest and capital and
𝑚 Solve the equivalent nominal
𝑖 12 finds out she has 112 000 Php.
interest rate first:
(1 + 10%)1 = (1 + 𝑛 ) 24. How much money did she put on
12 𝑖𝑛 𝑚
𝑖𝑛 = 9.568969% the bank that has the 10% interest? (1 + 𝑖𝑒 )1 = (1 +
)
𝑚
Set up the future amounts that SOLUTION: 𝑖 12
would equate the payments: Let: x, money with 15% interest (1 + 12%)1 = (1 + 𝑛 )
y, money with 10% interest 12
120000(1 + 10%)1
𝑥 + 𝑦 = 100 000 𝑖𝑛 = 11.38655%
= 20000(1 + 10%)1
𝑥 = 100 000 − 𝑦 Set up the future amounts that
9.57% 12 would equate the payments:
(1 + 12 ) − 1 𝑥(1 + 15%)(1) + 𝑦(1 + 10%)(1)
+𝐴 [ ] 10 10
9.57% = 112 000 30000(1 + 12%)12 = 7000(1 + 12%)12
(100 000 − 𝑦)(1 + 15%)(1)
12 11.39% 10
(1 + 12 ) − 1 ]
+ 𝑦(1 + 10%)(1)
∴ (𝑫. ) 𝑨 = 𝟖𝟕𝟕𝟏. 𝟓𝟓 𝑷𝒉𝒑
= 112 000 +𝐴 [
11.39%
SITUATION II: 𝑦 = 60 000
12
Ricardo is short of money and still has ∴ (𝑨. ) 𝟔𝟎 𝟎𝟎𝟎 𝑷𝒉𝒑
∴ (𝑪. ) 𝑨 = 𝟐𝟒𝟐𝟏. 𝟕𝟑
bills to pay. He was offered by two 25. How much money did she put on
lenders different ways to ‘help’ him. the other bank? PROBLEM 29:
21. If the first one offers to lend him A printer is worth 10,000 Php and is
SOLUTION:
10,000 Php payable after one year, marked to print 100,000 printouts
𝑥 + 𝑦 = 100 000
how much money will he pay if money ∴ (𝑫. ) 𝟒𝟎 𝟎𝟎𝟎 𝑷𝒉𝒑 throughout its lifetime. How much will
is worth 12% annually. you sell this printer if it has already
SOLUTION: 26. If she got a total of 113 000 Php printed out 33,000 copies?
)𝑛
𝐹 = 𝑃 ( 1 + 𝑖𝑒 after a year with her original money, SOLUTION:
𝐹 = 10 000(1 + 12%)1 how much money was she able to put Let’s Solve this using purely the function
∴ (𝑪. ) 𝑭 = 𝟏𝟏 𝟐𝟎𝟎 𝑷𝒉𝒑 up on the bank that rewards 15% of our calculator:
simple interest? In the Mode Stat of the Calculator,
22. The second one offers to lend him choose the linear form 𝒚 = 𝒂 + 𝒃𝒙 , then
SOLUTION:
10,000 Php but that amount shall be input this table
Let: x, money with 15% interest
deducted by the 10% interest first y, money with 10% interest X Y
before finally giving him the amount. If 𝑥 + 𝑦 = 100 000 0 F.C.
he is obliged to pay the 10, 000 Php at 𝑥 = 100 000 − 𝑦 n S.V.
the end of one year. What is the real 𝑥(1 + 15%)(1) + 𝑦(1 + 10%)(1) Following the given values on the
effective interest in this kind of loan? = 112 000 problem:
(𝑥)(1 + 15%)(1) + (100 000 − 𝑥)(1 X Y
SOLUTION:
+ 10%)(1) 0 10 000
𝐹 = 𝑃 ( 1 + 𝑖𝑒 ) 𝑛 100 000 0
= 113 000
10 000 = (10 000(1 − 10%))(1 𝑦 = 60 000 Then find the Y on the table if x = 33
+ 𝑖𝑒 )1 ∴ (𝑨. ) 𝟔𝟎 𝟎𝟎𝟎 𝑷𝒉𝒑 000. Find this using the Regression of
∴ (𝑪. ) 𝒊𝒆 = 𝟏𝟏. 𝟏𝟏% the Mode Stat.
Simply, get the value of 33 000.
∴ (𝑩. ) 𝑩. 𝑽. = 𝟔 𝟕𝟎𝟎𝑷𝒉𝒑

SITUATION IV:
A forklift is worth 10.2M Php. It has a
lifetime of 11 years and has a salvage
value of 3.2M.
30. How much is it worth after 4 years
using Straight Line Method of
Depreciation?
SOLUTION:
Let’s Solve this using purely the
function of our calculator:
In the Mode Stat of the Calculator,
choose the linear form 𝒚 = 𝒂 + 𝒃𝒙 ,
then input this table
X Y
0 F.C.
L S.V.
Following the given values on the
problem:
X Y
0 10.2 M
11 3.2 M
Then find the Y on the table if x = 4.
Find this using the Regression of the
Mode Stat.
Simply, get the value of 4𝑦̂.
∴ (𝑩. ) 𝑩. 𝑽. = 𝟕. 𝟔𝟓𝟓 𝑴
31. How much is it worth after 4 years
using Matheson’s formula of
depreciation?
SOLUTION:
Let’s Solve this using purely the
function of our calculator (Note:
Matheson’s Formula is another
name of the Declining Balance
Method of Depreciation):
In the Mode Stat of the Calculator,
choose the linear form 𝒚 = 𝒂 ∙ 𝒃𝒙 ,
then input this table
X Y
0 F.C.
L S.V.
Following the given values on the
problem:
X Y
0 10.2 M
11 3.2 M
Then find the Y on the table if x = 4.
Find this using the Regression of the
Mode Stat.
Simply, get the value of 4𝑦̂.
∴ (𝑪. ) 𝑩. 𝑽.𝟒 = 𝟔. 𝟔𝟗𝟐 𝑴
Review
Comprehensive
Exam 3
SUBJECT CODE: RCE3
32. How much is it worth after 4 years PROBLEM 35:
using Double Declining Balance How long will your money double if it is
Method? invested in a fund that pays 9%
SOLUTION: interest compounded continuously?
Let’s Solve this using purely the SOLUTION:
function of our calculator (Note: 𝐹 = 𝑃𝑒 𝑖𝑛
Matheson’s Formula is another 2𝑃 = 𝑃𝑒 9%∙𝑛
name of the Declining Balance
∴ (𝑪. ) 𝒏 = 𝟕. 𝟕𝟎𝟐
Method of Depreciation):
In the Mode Stat of the Calculator, SITUATION V:
choose the linear form 𝒚 = 𝒂 ∙ 𝒃𝒙 , An equipment is worth 5.3M Php. It
then input this table has a lifetime of 7 years and has a
X Y salvage value of 1.1M.
0 F.C. 36. How much is it worth after 5 years
1 2 using Straight Line Method of
(𝐹. 𝐶. ) (1 − )
𝐿 Depreciation?
Following the given values on the SOLUTION:
problem: Let’s Solve this using purely the
X Y function of our calculator:
0 10.2 M In the Mode Stat of the Calculator,
1 2 choose the linear form 𝒚 = 𝒂 + 𝒃𝒙 ,
(10.2𝑀) (1 − )
11 then input this table
Then find the Y on the table if x = 4. X Y
Find this using the Regression of the 0 F.C.
Mode Stat. L S.V.
Simply, get the value of 4𝑦̂. Following the given values on the
∴ (𝑩. ) 𝑩. 𝑽.𝟒 = 𝟒. 𝟓𝟕𝟏 𝑴 problem:
33. How much is it worth after 4 years
X Y
using Sinking Fund Method with 0 5.3 M
i=10%? 7 1.1 M
Then find the Y on the table if x = 5.
SOLUTION:
Find this using the Regression of the
Calculate the total depreciation cost Mode Stat.
of the material first:
Simply, get the value of 5𝑦̂.
𝐷𝑟 = 𝐹. 𝐶. −𝑆. 𝑉. ∴ (𝑫. ) 𝑩. 𝑽. = 𝟐. 𝟑 𝑴
𝐷𝑟 = 10.2𝑀 − 3.2𝑀
𝐷𝑟 = 7 𝑀 37. How much is it worth after 5 years
Calculate the annual depreciation using Matheson’s formula of
cost of the material: depreciation?
(1 + 𝑖 )𝐿 − 1 SOLUTION:
𝐷𝑟 = 𝑑𝑟 ∙ ( )
𝑖 Let’s Solve this using purely the
(1 + 10%)11 − 1 function of our calculator (Note:
7 𝑀 = 𝑑𝑟 ∙ ( ) Matheson’s Formula is another
10%
name of the Declining Balance
𝑑𝑟 = 377 741.99
Method of Depreciation):
Finally, calculate the Book Value on
In the Mode Stat of the Calculator,
the 4th year:
(1 + 𝑖 )𝑛 − 1 choose the linear form 𝒚 = 𝒂 ∙ 𝒃𝒙 ,
𝐵. 𝑉. = 𝐹. 𝐶 − 𝑑𝑟 ∙ ( ) then input this table
𝑖 X Y
𝐵. 𝑉. = 10.2𝑀 − 0 F.C.
377 741.99 L S.V.
(1 + 12%)7 − 1
∙( ) Following the given values on the
12% problem:
∴ (𝑫. ) 𝑩. 𝑽.𝟒 = 𝟖. 𝟒𝟒𝟕 𝑴 X Y
0 5.3 M
PROBLEM 34:
How long will your money triple if it is
7 1.1 M
invested in a fund that pays 12% Then find the Y on the table if x = 5.
interest compounded semi-annually? Find this using the Regression of the
Mode Stat.
SOLUTION: Simply, get the value of 5𝑦̂.
𝑗 𝑚𝑛 ∴ (𝑩. ) 𝑩. 𝑽.𝟓 = 𝟏. 𝟕𝟐𝟒 𝑴
𝐹 = 𝑃 (1 + 𝑚)
12% 2𝑛
3𝑃 = 𝑃 (1 + )
2
∴ (𝑫. ) 𝒏 = 𝟗. 𝟒𝟑
 Review
Comprehensive
Exam 3
SUBJECT CODE: RCE3

38. How much is it worth after 5 years SITUATION V: 44. How much amortization will they
using Double Declining Balance A car has a window price of 3.2M, if a pay if it they opt to pay for 10 years?
Method? buy would be willing to purchase the SOLUTION:
SOLUTION: car by paying the least amount of 150 Given that Ally and her husband
Let’s Solve this using purely the 000 Php down payment, he avails a pays the minimum required down
function of our calculator (Note: 10% discount and could pay the payment to avail the discount:
Matheson’s Formula is another remainder of an amount via monthly 𝑃 = 3.2𝑀(1 − 10%)
name of the Declining Balance installments with nominal interest of 𝑃 = 2.88 𝑀
Method of Depreciation): 5%. If Allyson wanted the car, and Solving for the monthly
In the Mode Stat of the Calculator, after discussions with her husband amortizations:
end up paying for the initial payment:
choose the linear form 𝒚 = 𝒂 ∙ 𝒃𝒙 , 5% 12𝑥10
41. How much amortization will they 2.88𝑀 (1 + )
then input this table 12
pay if it they opt to pay for 3 years?
X Y 5% 12𝑥10
5% 12𝑥10 (1 + ) −1
0 F.C. SOLUTION: = 150 000 (1 + ) + 𝐴[ 12 ]
12 5%
1 2 Given that Ally and her husband 12
(𝐹. 𝐶. ) (1 − ) pays the minimum required down ∴ (𝑪. ) 𝑨 = 𝟐𝟖 𝟗𝟓𝟓. 𝟗 𝑷𝒉𝒑
𝐿
Following the given values on the payment to avail the discount:
𝑃 = 3.2𝑀(1 − 10%) 45. How much amortization will they
problem: pay if it they opt to pay for 5 years but
X Y 𝑃 = 2.88 𝑀
Solving for the monthly made an initial payment of a total of 1
0 5.3 M million pesos?
1 2 amortizations:
(5.3𝑀) (1 − ) 5% 12𝑥3 SOLUTION:
7 2.88𝑀 (1 + ) Given that Ally and her husband
Then find the Y on the table if x = 5. 12
5% 12𝑥3 pays the minimum required down
Find this using the Regression of the = 150 000 (1 +
12
)
payment to avail the discount:
Mode Stat. 5% 12𝑥3 𝑃 = 3.2𝑀(1 − 10%)
(1 + ) −1
Simply, get the value of 5𝑦̂. +𝐴[ 12 ] 𝑃 = 2.88 𝑀
5%
∴ (𝑩. ) 𝑩. 𝑽.𝟓 = 𝟎. 𝟗𝟖𝟓 𝑴 12 Solving for the monthly
39. How much is it worth after 5 years ∴ (𝑨. ) 𝑨 = 𝟖𝟏 𝟖𝟐𝟎. 𝟓𝟓 𝑷𝒉𝒑 amortizations:
using Sinking Fund Method if i=13%? 42. How much amortization will they 5% 12𝑥5
2.88𝑀 (1 + )
SOLUTION: pay if it they opt to pay for 5 years? 12
Calculate the total depreciation cost 5% 12𝑥5
SOLUTION: 5% 12𝑥5 (1 + 12 ) −1
of the material first: = 1𝑀 (1 + ) +𝐴[ ]
Given that Ally and her husband 12 5%
𝐷𝑟 = 𝐹. 𝐶. −𝑆. 𝑉. pays the minimum required down 12
𝐷𝑟 = 5.3 𝑀 − 1.1 𝑀 payment to avail the discount: ∴ (𝑫. ) 𝑨 = 𝟑𝟓 𝟒𝟕𝟕. 𝟗 𝑷𝒉𝒑
𝐷𝑟 = 4.2 𝑀 𝑃 = 3.2𝑀(1 − 10%) PROBLEM 46:
Calculate the annual depreciation 𝑃 = 2.88 𝑀 In traffic rules and regulations, FIFO
cost of the material: Solving for the monthly stands for:
( 1 + 𝑖 )𝐿 − 1 amortizations:
𝐷𝑟 = 𝑑𝑟 ∙ ( ) a. For-Int’l-Foundation-Offices
𝑖 5% 12𝑥5 b. First-In-First-Out
(1 + 13%)7 − 1 2.88𝑀 (1 + )
12 c. For-Inside-Field-Only
4.2 𝑀 = 𝑑𝑟 ∙ ( ) 5% 12𝑥5 d. For-Interstate-Flags-Only
13% = 150 000 (1 + )
𝑑𝑟 = 403 665.38 12 PROBLEM 47:
5% 12𝑥5
Finally, calculate the Book Value on (1 + 12 ) −1 These are motor vehicles to be used
+𝐴[ ] as public vehicles by virtue of a
the 4th year: 5%
12 franchise granted by the LTFRB.
(1 + 𝑖 )𝑛 − 1
𝐵. 𝑉. = 𝐹. 𝐶 − 𝑑𝑟 ∙ ( ) ∴ (𝑪. ) 𝑨 = 𝟓𝟏 𝟓𝟏𝟖. 𝟓 𝑷𝒉𝒑 a. PUV’s
𝑖
b. PUJ’s
𝐵. 𝑉. = 5.3𝑀 − 43. How much amortization will they
c. For hire vehicles
403.665.38 pay if it they opt to pay for 2 years?
d. Franchising vehicles
(1 + 13%)5 − 1 SOLUTION: PROBLEM 48:
∙( )
13% Given that Ally and her husband LTFRB is a government branch that
∴ (𝑨. ) 𝑩. 𝑽.𝟒 = 𝟐. 𝟔𝟖𝟒 𝑴 pays the minimum required down regulates vehicle franchising. LTFRB
payment to avail the discount: stands for:
PROBLEM 40: 𝑃 = 3.2𝑀(1 − 10%) a. Land Transportation
How long will your money triple if it is 𝑃 = 2.88 𝑀 Franchising and Regulatory Board
invested in a fund that pays 12% Solving for the monthly b. Land Traffic Franchising
interest compounded semi-annually? amortizations: Regulation Bureau
SOLUTION: 5% 12𝑥2 c. Land Transportation
𝑗 𝑚𝑛 2.88𝑀 (1 + ) Franchising Regulation Bureau
𝐹 = 𝑃 (1 + 𝑚) 12 12𝑥2
5% d. Land Traffic Franchise and
= 150 000 (1 + )
12% 2𝑛 12 Regulation Bureau
3𝑃 = 𝑃 (1 + ) 5% 12𝑥2
(1 + ) −1
2 +𝐴[ 12 ]
∴ (𝑫. ) 𝒏 = 𝟗. 𝟒𝟑 5%
12
∴ (𝑨. ) 𝑨 = 𝟏𝟏𝟗 𝟕𝟔𝟖. 𝟗 𝑷𝒉𝒑
 Review
Comprehensive
Exam 3
SUBJECT CODE: RCE3

PROBLEM 49: Problem 53: Situation:

A term that puts costs on quantifiable At 9% annual interest compounded Given the following data for
and sometimes unquantifiable costs monthly, how long will it take to construction equipment:
that may be incurred during a trip double your money? Initial cost = Php 1.4 Million
using a specified mode.
a. 6.59 b. 7.73 Economic Life = 12 years
a. Unit Cost
b. Liquidity Cost c. 8.79 d. 9.66 Estimated Salvage Value =
c. Traffic Cost Solution: Php168,000
d. Generalized Cost Formula of Compound Interest Determine the book value after 8
PROBLEM 50: F = P (1+i)n years using the following:
These are materials used to enhance Convert the given nominal interest 57. The Sum of the Digit’s method
the wet-night reflectivity of pavement into effective interest. a. P1,342,564.10
markings 0.09 12 b. P325,948.72
(1 + ) = (1 + 𝑖𝑒𝑓𝑓𝑒𝑐𝑡𝑖𝑣𝑒 )1
a. lighters 12 c. P1,074,051.28
b. cement paste effective interest rate = 9.38%
d. P407,435.90
c. asphalt Let the value of P set as X
n Solution:
d. glass beads 2X = X (1+0.0938)
Problem 51: n = 7.73 years (answer) 𝑟(2𝑛 − 𝑟 + 1)
𝐷= (𝐷𝑛 )
A principal of Php 17,500 is placed Problem 54: 2 𝑆𝑂𝑌𝐷
in a savings account at 12% per What rate of interest compounded 𝐷𝑟 = 𝐹𝐶 − 𝐵𝑉
annum compounded annually. How semi-annually is equivalent to an 𝐵𝑉 = 𝐹𝐶 − 𝐷𝑟
much is in the savings account interest rate of 9% compounded 𝑆𝑉 = 𝐹𝐶 − 𝐷𝑛
𝑛
after seven years quarterly 𝑆𝑂𝑌𝐷 = (𝑛 + 1)
a. 38,686.92 b. 48,358.66 a. 9.38% b. 9.10% 2
c. 36,332.57 d. 41,962.41 𝐵𝑉8 = 1,400,000 −
c. 9.34% d. 9.40%
(8)(2(12) − 8 + 1)
Solution: Solution:
Formula of Compound Interest Compound Interest – Conversion of 12
2( (12 + 1))
F = P (1+i)n nominal rate to effective rate. 2
F7 = (17,500)(1 + 0.12)7 𝑗 𝑗 (1,400,000 − 168,000)
F7 = 38,686.92 pesos (answer) (1 + )𝑚 = (1 + )𝑚
𝑚 𝑚 BV6 = P1,074,051.28 (answer)
0.09 4 𝑖
Problem 52: (1 + ) = (1 + )2 58. The double declining balance
4 2
Find the exact simple interest on effective interest rate = 9.10% method;
Php 6500 which was deposited on (answer) a. P325,595.26
March 07, 2020 and to be b. P369,994.61
withdrawn on January 05, 2022. Problem 55:
c. P305,780.67
i = 10% If the effective annual interest rate
is 10%, Compute the equivalent d. P406,994.07
a. 1487.39 b. 1352.18 Solution:
c. 1189.92 d. 1117.50 nominal annual interest
compounded continuously. 𝐵𝑉𝑟 = 𝐹𝐶(1 − 𝑘)𝑚
Solution:
a. 6.12% b. 9.53% 𝑆𝑉 = 𝐹𝐶(1 − 𝑘)𝑛
Formula of Exact Simple Interest Where k = 2/n
I = Pin
c. 5.83% d. 5.21%
2 8
Note that the year 2020 is a Leap Solution: 𝐵𝑉8 = (1,400,000)(1 − )
year. Effective rate = er – 1 12
Mar 07, 2020 – Dec 31, 2020 = 299 0.10 = er – 1 BV6 = P325,595.26(answer)
days r = 9.53% (answer) 59. The sinking fund method using
Jan 01, 2021 – Dec 31, 2021 = 365 Problem 56: 6% interest;
days a. P846,493.56
A Brand new Laptop that costs
Jan 01, 2022 – Jan 05, 2022 = 5
Php35,000 has a 7-year lifetime b. P769,539.60
days
299 365+5 and salvage value to 10% of its c. P677,194.85
I = (6500)(0.10)(366 + 365 ) d. P635,983.14
original value. Determine the
I = Php 1189.92 (answer) capital recovery, based upon an Solution:
interest rate of 12% per year 𝐵𝑉 = 𝐹𝐶 − 𝐷𝑟
compounded annually. (𝐹𝐶 − 𝑆𝑉)𝑖
a. Php9152.76 b. Php7322.21 𝑑=
(1 + 𝑖)𝑛 − 1
c. Php8320.69 d. Php6876.60
𝑑[(1 + 𝑖)𝑚 − 1]
Solution: 𝐷𝑚 =
𝑖
Capital recovery (1,400,000 − 168,000)0.06
(𝐹𝐶−𝑆𝑉)(1+𝑖)𝑛𝑖 𝑑=
= [(1+𝑖)𝑛 −1]
+ (𝑆𝑉 )𝑖 (1.06)12 − 1
(35,000−3500)(1.12)7 (0.12)
= + (3500)(0.12) d = 73,029.30
[(1.12)7 −1]
Capital Recovery = 7322.21 73,029.30[(1.06)8 − 1]
𝐷𝑚 =
(answer) 0.06
D6 = 722,805.15
BV6 = 677,194.85 (answer)
 Review
Comprehensive
Exam 3
SUBJECT CODE: RCE3

Situation III: Situation II: Solution:

A brand new phone costs P25,000 From the measured values of draw the simple curve
has an estimated life of 4 years and distance EF, The following trials Solve for the Central Angle I:
can sold P5000 at the end of 4 were recorded. I = 180o – 65o30’ – 75o30’ = 39o
years. Compute the book value at Trials Distance The distance of the vertex to PC is
the end of 3 years using the 1 120.28 the Tangent AB
following; 2 120.35 T = (10+235) - (10+130)
60. Using the sinking fund method. T = 105m
3 120.43 39
If i=10% 4 120.54 105 = R 𝑡𝑎𝑛 2
a. P14,264.15 b. P10,735.85 63. Find the probable error. R = 296.51m
c. P12968.30 d. P11,789.37 a. ±0.04707 b. ±0.03766 67. Determine the External
Solution: c. ±0.04279 d. ±0.03215 distance
(𝐹𝐶 − 𝑆𝑉)𝑖 Solution: a. 22.55 b. 20.50
𝑑=
(1 + 𝑖)𝑛 − 1 c. 15.42 d. 18.04
𝑑[(1 + 𝑖)𝑚 − 1] Σ𝑉 2
𝐷𝑚 = Probable error = 0.6745√ Solution:
𝑖 𝑛(𝑛 − 1)
𝐼
(25000 − 5000)0.10 𝐸 = 𝑅(𝑠𝑒𝑐 − 1)
𝑑= Mean Value 2
(1.10)4 − 1 120.28 + 120.35 + 120.43 + 120.54 39
d = 4309.41 = 𝐸 = 296.51(𝑠𝑒𝑐 − 1)
4 2
4309.41[(1.10)3 − 1] = 120.40 E = 18.04 m (answer)
𝐷𝑚 = Residual V V2
0.10 120.28 – 120.40 = -0.12 0.0144 68. Determine the Middle ordinate
D3 = 14,264.15 120.35 – 120.40 = -0.05 0.0025
BV3 = 10,735.85 (answer) a. 17.01 b. 21.26
120.43 – 120.40 = 0.03 0.0009
120.54 – 120.40 = 0.14 0.0196 c. 19.33 d. 14.50
61. Using SYD method. Σ𝑉 2 0.0374 Solution:
a. P7955 𝐼
b. P8750 0.0374 𝑀 = 𝑅(1 − 𝑐𝑜𝑠 )
Probable error = 0.6745√ 2
c. P7000 4(3) 39
d. P6575 Probable error = 0.03766 (answer) 𝑀 = 296.51(1 − 𝑐𝑜𝑠 )
2
Solution: M = 17.01m (answer)
64. Find the standard deviation.
𝑟(2𝑛 − 𝑟 + 1) a. ±0.1117 b. ±0.1396 69. Determine the chord distance
𝐷= (𝐷𝑛 )
2 𝑆𝑂𝑌𝐷 c. ±0.1675 d. ±0.2094 a. 224.95 b. 197.95
𝐷𝑟 = 𝐹𝐶 − 𝐵𝑉 c. 247.44 d. 168.75
Solution:
𝐵𝑉 = 𝐹𝐶 − 𝐷𝑟 Solution:
𝑆𝑉 = 𝐹𝐶 − 𝐷𝑛 Σ𝑉 2 𝐼
𝑛 𝑆𝑡𝑎𝑛𝑑𝑎𝑟𝑑 𝐷𝑒𝑣𝑖𝑎𝑡𝑖𝑜𝑛 = √ 𝐿 = 2𝑅𝑠𝑖𝑛
(𝑛 − 1) 2
𝑆𝑂𝑌𝐷 = (𝑛 + 1)
2 39
𝐵𝑉3 = 25,000 − 0.0374 𝐿 = 2(296.51)𝑠𝑖𝑛
𝑆𝑡𝑎𝑛𝑑𝑎𝑟𝑑 𝐷𝑒𝑣𝑖𝑎𝑡𝑖𝑜𝑛 = √ 2
(3)(2(4) − 3 + 1) 3 L = 197.95 (answer)
4 Standard Deviation = 0.1117(answer) 70. Determine the Length of curve
2 ( (4 + 1))
2 65. Find the standard error a. 201.83 b. 252.28
(25,000 − 5000) a. ±0.08726 b. ±0.06981 c. 229.35 d. 172.06
BV3 = P7000 (answer) c. ±0.09599 d. ±0.05585 Solution:
Solution: 𝜋
62. Compute the book value at the 𝐿𝑐 = 𝑅𝐼( )
𝑆𝑡𝑎𝑛𝑑𝑎𝑟𝑑 𝑑𝑒𝑣𝑖𝑎𝑡𝑖𝑜𝑛 180
end of 2nd year Using Double 𝑆𝑡𝑎𝑛𝑑𝑎𝑟𝑑 𝑒𝑟𝑟𝑜𝑟 = 𝜋
Declining Method √𝑛 𝐿𝑐 = (296.51)(39)( )
0.1117 180
a. P6250 𝑆𝑡𝑎𝑛𝑑𝑎𝑟𝑑 𝑒𝑟𝑟𝑜𝑟 = Lc = 201.83 (answer)
√4
b. P7812.5 Standard error= 0.05585 (answer)
c. P7102.27 Situation V:
d. P5870 Situation IV: A series of perpendicular offsets
A simple curve connects two are taken from a transit line to a
Solution:
tangents AB and BC with bearings curved boundary line. The offsets
𝐵𝑉𝑟 = 𝐹𝐶(1 − 𝑘)𝑚
N 65o30’ E and S 75o30’ E were taken 20m apart and taken in
𝑆𝑉 = 𝐹𝐶(1 − 𝑘)𝑛
respectively. If the stationing of the the following order.
Where k = 2/n
2 PC is 10+130 and the stationing of 1 2 3 4 5 6 7
𝐵𝑉3 = (25,000)(1 − )2 the Vertex is 10+235 1.0 2.3 3.8 4.0 5.8 6.3 8.8
4 66. Determine the Radius
BV3 = P6250 (answer)
a. 370.64 b. 336.94 8 9 10 11
c. 296.51 d. 278.47 5.3 3.7 1.8 1.0
71. Determine the Area using
Simpson’s One Third Rule
a. 1041.67 b. 833.33
c. 946.97 d. 710.41
 Review
Comprehensive
Exam 3
SUBJECT CODE: RCE3

Solution: PROBLEM 76: PROBLEM 79:

Simpson’s One Third Rule The top of a tower signal at B 2000 m The difference in elevation between B
𝑑 away from A was sighted through a and C was taken by a survey party
𝐴= (ℎ + ℎ𝑛 + 2 Σℎ𝑜𝑑𝑑 + 4Σℎ𝑒𝑣𝑒𝑛 ) transit with recorded vertical angle of using different trials and paths.
3 1
20 2O30’. The mast is 12 m high and the Compute the probable elevation of
𝐴= [1.0 + 1.0 is 1.2 m above the point where it was point C if it is above point B. Elevation
3
+ 2 (3.8 + 5.8 + 8.8 set is 1.10 m. The elevation of the of point B is 850.
+ 3.7) point under the transit is 133.33 m. Trial Distance Diff. in
+ 4 (2.3 + 4.0 + 6.3 Compute the elevation of the base of elevation
the mast signal at point B. 1 2 km 0.89 m
+ 5.3 + 1.8)]
a. 211.88 m b. 212.89 m 2 6 km 0.67 m
A = 833.33 m2 (answer)
c. 208.78 m d. 210.01 m 3 4 km 0.78 m
72. Determine the Area using SOLUTION: 4 12 km 1.02 m
a. 850.476 m b. 850.629 m
Trapezoidal Rule
c. 850.837 m d. 851.041 m
a. 743 b. 856
c. 818 d. 1070 W1D1 = W 2D2 = W 3D3 = W 4D4
Solution: assume W1 = 6
Trapezoidal Rule 6(2) = W 2(6)
𝑑 W2 = 2
𝐴 = (ℎ1 + ℎ𝑛 + 2 Σℎ𝑖𝑛𝑡 ) W2D2 = W 3D3
2
20 6(2) = W 3(4)
𝐴= [1.0 + 1.0 ℎ
2 tan 2ᵒ30ᵒ = W3 = 3
2000
+ 2 (2.3 + 3.8 + 4.0 h = 87.32 W3D3 = W 4D4
2
+ 5.8 + 6.3 + 8.8 hcr = 0.675(2) 3(4) = W 4(12)
+ 5.3 + 3.7 + 1.8)] hcr = 0.27
W4 = 1
A = 856 (answer) H = 87.32+0.27+1.1
H = 88.69
Situation VII: Elevation of base at signal B 6 (0.89) = 5.34
In an observation post shows that 5 Elev. B = 133.33+88.69-12 2 (0.67) = 1.34
vehicles passes through the post at = 210.02 3 (0.78) = 2.34
intervals of 12 sec, 13 sec, 14 sec, SITUATION 5 1 (1.02) = 1.02
15 sec, and 17 sec. respectively. A closed traverse has the following total =12 10.04
The speed of the vehicles were 90 data:
kph, 86 kph, 80 kph, 70 kph and 60 Course Bearing Distance (m) Probable difference in elevation
kph respectively. 1 – 2 N 9.27O E 58.7 m 10.04
=
73. Compute the time mean speed 2 – 3 S 88.43O E 27.3 m 12
3 – 4 N 86.78O E ---- = 0.8367
a. 77.2 b. 90.25
4 – 5 S 5.3O E 35.0 m Probable elevation of C. = 850 +
c. 82.04 d. 67.80
5 – 1 S 72.07O W ---- 0.8367
Solution: 77. Find the length of the course 3 – 4. = 850.367
90 + 86 + 80 + 70 + 60
𝜇𝑡 = a. 29.67 m b. 36.98 m
5 c. 38.42 m d. 35.2 m SITUATION 11
𝜇𝑡 =77.2kph (answer) 78. Compute the length of the course 5 The interior angles of a quadrilateral
– 1. are as follows:
74. Compute the space mean Angle Value No. of Measurements
speed in kph if the distance travel a. 90.30 m b. 78.96 m
c. 81.14 m d. 63.62 m A 88o 4
by the vehicles is 350m. B 71o 3
a. 75.64 b. 88.73 SOLUTION C 92o 2
c. 100.83 d. 110.92 ΣDep = 0 D 110o 6
Solution: 58.7 sin 9.270 + 27.3 sin 88.43o 80. Find the corrected value of angle
𝑛𝑑 + Xsin 86.78o + 35sin5.3o - A.
𝜇𝑠 = Ysin72.07o a. 87o44’ b. 87o53’
Σ𝑡
5(350) 39.979 + Xsin86.58 - Ysin72.07 c. 87o37’ d. 87o48’
𝜇𝑠 = =0 81. Find the corrected value of angle
12 + 13 + 14 + 15 + 17
C.
𝜇𝑠 =24.65 m/s ΣLat = 0
24.65(3600) a. 91o36’ b. 91o42’
𝜇𝑠 = 58.7 cos9.270 - 27.3cos88.43o + c. 91o31’ d. 91o46’
1000 Xcos86.78o - 35cos5.3o - 82. Find the corrected value of angle
𝜇𝑠 = 88.73 m/s (answer) Ycos72.07o D.
PROBLEM 75: 22.335 + Xcos86.78o - a. 109o48’ b. 109o42’
A curve characterized by a short Ycos72.07o =0 c. 109o52’ d. 109o56’
tangent between two sub-curves in the
same direction. X = 35.22 m Length of 3-4
a. Back Curve Y = 78.98 m Length of 5-1
b. Broken Back Curve
c. Backing Broken Curve
d. Reverse Curve
 Review
Comprehensive
Exam 3
SUBJECT CODE: RCE3

Solution: Solution: Solution:

Sum of angles = 88+71+92+110 86. Ct = 0.0000116(T1-T2)L PERIODIC PAYMENT = P 10000
= 361 0.00205 = 0.0000116(31.8-T) PAYMENT INTERVAL = 1 YEAR
1 (50) TERMS = 20 YEARS
4
80. 88ᵒ - 1( 1 1 1 1 ) = 87ᵒ48ᵒ T = 28.27 INTEREST RATE = 12%
+ + + 87. CT = 0.0000116(28.27-24.6)
4 3 2 6 COMPOUNDED ANNUALLY
1
2 (50)
81. 92ᵒ - 1( 1 1 1 1 ) = 91ᵒ36ᵒ = 0.0021286 𝐴[(1+𝑖)𝑛+1 −1]
+ + + F= −𝐴
4 3 2 6 0.0021286(662.702))
1 𝑖
= 0.0282 10 000[(1+0.12)21 −1]
6 50
82. 110ᵒ -1( ) =109ᵒ52ᵒ F= − 10 000 =
1 1 1 1
+ + + 88. Corrected length = 662.702 – 0.12
4 3 2 6 806 983.33
0.0282
SITUATION XVI: 𝐴[(1+𝑖)𝑛−1]
= 662.6738 F= 𝑖
From the given data of a closed 10 000[(1+0.12)20 −1]
PROBLEM 89: F= = 720 500
traverse. 0.12
Line Distance Bearing Price tag of 1200 pesos is payable in
AB 46 m N30o30’E 60 days. A 3% discount is offered if
Difference of sum = 806 983.33 -
BC 38.5 m S20o20’E paid in 30 days. What is the rate of
720 500
CA --- --- interest?
= 86483.33
83. Find the bearing of CA. a. 37.11% PROBLEM 92:
a. N16.03oE b. S84o30’W b. 31.17% The cost of money is 10% and the
c. S65o30’W d. S75.15oE c. 11.37% inflation rate is 6%. What interest rate
84. Find the distance CA. d. 13.71% will take care of the cost of money and
a. 30.2 m b. 37.4 m Solution: inflation?
c. 31.8 m d. 36.9 m 1200(0.03) = 36 a. 11.6%
85. Find the area of the traverse. 1200-36 = 1164 b. 16.6%
a. 624.6 m2 b. 687.0 m2 I = Prt c. 10.7%
c. 721.8 m2 d. 592.1 m2 36 = 1164(r)(30/360) d. 12.1%
r = 0.3711 x 100% Solution:
Solution:
83. Find the bearing of CA
r = 37.11% ic = i+if+f
-1 36.76
tan ( ) = 84ᵒ30ᵒ PROBLEM 90: = 0.10 + 0.10(0.06)+0.06
3.53
84. Find the distance CA To prepare for retirement at the end of = 0.166 x 100%
20 years. A self-employed engineer = 16.6%
d = √(−3.53)2 + (−36.76)2
deposited P6000 every 3 months in a
d =36.9 PROBLEM 93:
85. Find the area of the traverse fund that gives an interest of 10%
Which of the following has the highest
S=
𝑎+𝑏+𝑐 annually compounded quarterly. Find
2 effective annual rate of interest?
36.9+46+38.5 the lump sum he could get at the end
S= = 60.7 a. 12% compounded monthly
2 of the 20th year in pesos.
b. 12.25% compounded quarterly
A = √𝑆(𝑆 − 𝐴)(𝑆 − 𝐵)(𝑆 − 𝐶) a. P1,940,629.28
A= c. 12.50% compounded semi-annually
b. P1,490,296.28
√60.7(60.7 − 36.9)(60.7 − 46)(60.7 − 38.5) d. 12.75% compounded annually
c. P1,490,926.82
A = 686.6 d. P1,940,622.89 Solution:
ie = (1+0.12/12)12-1 = 0.1268 =
SITUATION 7 F=
𝐴[(1+𝑖)𝑛−1]
𝑖 12.68%
A 50 m tape was standardized and
6000[(1+
0.10 80
) −1] ie = (1+0.1225/4)4-1 = 0.1282
supported throughout its whole length = 4
0.10 =12.82%
and found to be 0.00205 m longer at 4
F = 1 490 296.28 ie = (1+0.1250/2)2-1 = 0.1289 =
an observed temperature of 31.80 a
12.89%
pull of 10 kilos. This tape was used to PROBLEM 91: ie = (1+0.1275)-1 = 0.1275 =
measure a line which was found to be Find the difference between the sum of 12.75%
662.702 m at an average temperature an annuity due and an ordinary annuity
of 24.6 ºC using the same pull. for the following data: PROBLEM 94:
Coefficient of thermal expansion is PERIODIC PAYMENT = P 10000 How long will the money be tripled if
0.0000116 m/m ºC PAYMENT INTERVAL = 1 YEAR invested in the fund that gives 7%
86. Compute the standard temperature TERMS = 20 YEARS compounded continuously?
a. 18.51 ºC b. 25.71 ºC INTEREST RATE = 12% a. 13.42 years
c. 28.27 ºC d. 15.61 ºC COMPOUNDED ANNUALLY b. 12.85 years
87. Compute the total error due to a. P86,463 c. 18.92 years
change in temperature b. P84,663 d. 15.69 years
a. 0.0145 m b. 0.0012 m c. P48,636 Solution:
c. 0.0124 m d. 0.0282 m d. P68,643 F = Pein
88. Compute the corrected length of
line.
3P = Pe0.07n
a. 662.674 m b. 662.841 m n = 15.69 years
c. 662.741 m d. 662.561 m PROBLEM 95:
An amount of P50 000 is deposited
every end of the year. How many
years are required so that the sum of
these deposits will be equal to P1 000
000 if rate of interest is 6%
compounded continuously?
 Review
Comprehensive
Exam 3
SUBJECT CODE: RCE3

a. 13.42 years PROBLEM 100:

b. 14.86 years This is term coined for the process of
c. 15.50 years paying or settling a payment in terms
d. 16.32 years of monthly payments in a form of an
Solution: annuity
F = (A(e^rn-1))/(e^r-1) a. liquidity
b. premium payments
1 000 000 = (50
c. loan settlement
000(e^0.06n-1))/(e^0.06-1) d. amortization
n = 13.42
PROBLEM 96: Sharing the Good Things of God
An equipment purchased at P285000 Scripture Reading — Numbers 10:11-36
has a salvage value of P30000 at the
end of its economic life of 5 years. “If you come with us, we will share with you
Cost of money = 16% per year. whatever good things the Lord gives us.” —
Determine the total depreciation at the Numbers 10:32
fifth year.
a. P254,997.30 After a long period of camping at Sinai, Israel
b. P337,997.30 was finally ready to head into the wilderness.
c. P482,997.30 Each family group marched in line, with the
d. P586,997.30 cloud of the Lord leading them. As they set out,
Moses asked his brother-in-law Hobab to come
PROBLEM 97: with them. Hobab was familiar with the desert,
How much should be placed in an and the Israelites would benefit from his skills
investment that earns a nominal rate of as a guide.
7% compounded continuously to
accumulate P1 Million in 20 years? Moses’ invitation wasn’t made just for what
a. P246,596.96 Hobab could do, but also for what Israel could
b. P785,980.76 share with him. Moses said, “Come along, ‘for
c. P137,472.93 the Lord has promised good things to Israel.’”
d. P207,352.90 Moses knew that God would bless Israel, and
he wanted Hobab to experience that. In this
Solution: way Moses was inviting Hobab to join in the
F = Pein spiritual inheritance of Israel.
1 000 000 = Pe0.07(20)
P = 246 596.96 Sometimes we resist sharing our faith because
PROBLEM 98: we feel like we’re pushing something on
A machine costing P60000 is someone else. But when we share the good
estimated to have a book value of news of Jesus Christ, we are calling others to
P4000 when retired at the end of 8 come along and experience God’s grace and
years. What is the annual rate of love. God calls us to keep sharing his good
depreciation if it is a fixed percentage news and love with others always. Moses
of declining balance? promised Hobab, “We will share with you
a. 32.25% whatever good things the Lord gives us.”
c. 28.72% Sharing the good things of God is always a part
b. 42.50% of our living with God.
d. 18.50%
Whom could you invite to come along on the
Solution: journey of grace and faith? A friend or relative?
FC = 60 000 God’s grace is too good to keep to ourselves.
BV = 4 000 Let’s share it.
n =8 years
BV = FC(1-k)m Prayer
4000 = 60 000(1-k)8
K = 0.2871 x 100% Lord God, may we be faithful to share your
K = 28.72% good gifts—your love, peace, forgiveness, and
joy. Give us courage to invite others into life
PROBLEM 99:
with you. Amen.
An annuity whose first payment begins
n years after the release or purchase
of a commodity or a product
a. perpetuity
b. deferred annuity
c. simple annuity
d. gradient