Engineering Economics
What are the two classifications of goods and services?

Raw and finished
Consumer and producer
Ready-made and made-to-order
Local and imported

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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 first payment is made at the beginning of the first period.
The amounts of all payments are equal.
The payments are made at equal interval of time.

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