What is the type of annuity where the first payment does not begin until some later date in the cash flow?
A. Ordinary annuity
B. Perpetuity
C. Annuity due
D. Deferred annuity
Answer: Option D
A. Ordinary annuity
B. Perpetuity
C. Annuity due
D. Deferred annuity
Answer: Option D
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)
A. Sole proprietorship
B. Entrepreneurship
C. Partnership
D. Corporation
A. P 43,600.10
B. P 43,489.47
C. P 43,263.91
D. P 43,763.20
A. Architect/engineer
B. Construction manager
C. Owner himself/herself
D. None of the above
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