Engineering Economics
A investor wishes to earn 7% on his capital after payment of taxes. If the income from an available investment will be taxed at an average rate of 42%, what minimum rate of return, before payment of taxes, must the investment offer to be justified?

0.1287
0.1207
0.1267
0.1234

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Engineering Economics
Which is NOT an essential element of an ordinary annuity?

Compound interest is paid on all amounts in the annuity.
The amounts of all payments are equal.
The payments are made at equal interval of time.
The first payment is made at the beginning of the first period.

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