Pick up the correct statement from the following:
A. An annuity is a series of equal payments occurring at equal period of time
B. Annuity is called an equal payment or uniform payment series
C. An annuity may have periods of time of any length but should always be of equal length
D. All the above
Answer: Option D
This Question Belongs to Civil Engineering >> Engineering Economics
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The CRF (ep) is also known as: [CRF(EP) - 8% - 7], where
A. 8% is the rate of interest per year
B. Money is borrowed for n = 7 years
C. Both (A) and (B)
D. Neither (A) nor (B)
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B. Entrepreneurship
C. Partnership
D. Corporation
A. P 43,600.10
B. P 43,489.47
C. P 43,263.91
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A. Architect/engineer
B. Construction manager
C. Owner himself/herself
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