Engineering Economics
The CRF (ep) is also known as: [CRF(EP) - 8% - 7], where

Money is borrowed for n = 7 years
Neither (A) nor (B)
8% is the rate of interest per year
Both (A) and (B)

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Engineering Economics
A construction estimate is used

To decide an approximation of the value of the project and not the exact cost
To produce a statement of the approximate cost
None of these
To judge tentatively or approximate value of the project

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