Chemical Engineering Plant Economics
If an amount R is paid at the end of every year for 'n' years, then the net present value of the annuity at an interest rate of i is

R(1 + i)n
R/(1 + i)n
[((1 + i)n - 1)/i(1 + i)n]
R[((1 + i)n - 1)/i]

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Chemical Engineering Plant Economics
In declining balance method of depreciation calculation, the

Annual cost of depreciation is same every year
Annual depreciation is the fixed percentage of the property value at the beginning of the particular year
None of these
Value of the asset decreases linearly with time

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