The Philippine Institute of Civil Engineers is planning to put up its own building. Two proposals being considered are: a) The construction of the building now, to cost P400,000 b) The construction of...


The Philippine Institute of Civil Engineers is planning to put up its own building. Two

proposals being considered are:

a) The construction of the building now, to cost P400,000

b) The construction of a smaller building now, to cost P300, 000 and at the end

of 5 years, an extension to be added to cost P200, 000.

Which proposal is more economical, if interest rate is 20% and by how much?


Sep 10, 2022
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