Application of Engineering Economy Concepts in Financial Planning of Business Proposal The task is to provide financial planning for the previous business proposal prepared. In order to initiate the business, your company will require a certain amount of capital/money to start up the business. One way to accomplish this is by applying for a loan from a bank or related institution. You will assume that your company is capable of paying some amount of the money (i. e. RM 15,000 per year for 5 to 10 years with a specific loan interest rate set by the bank or related institution).

Determination of monthly installment - Application of A/P or A/F

Answer rating: 100% (QA)

Answer Explanation i P A present sum of money F A future sum of money A An endofperiod cash receipt or disbursement in a uniform series continuing for ... View the full answer