Engineering Economics
If ‘P’ is principal amount, ‘i’ is the rate of interest and ‘n’ is the number of periods in years, then the interest factor is:

(ni - 1)
ni
None of these
(1 + ni)

ANSWER DOWNLOAD EXAMIANS APP

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

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

ANSWER DOWNLOAD EXAMIANS APP