Engineering Economics
What is defined as the interest on a load or principal that is based only on the original amount of the loan or principal?

Simple interest
Nominal rate of interest
Compound interest
Effective rate of interest

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Engineering Economics
Which is true about corporation?

The stock holders of the corporation are only liable to the extent of their investments.
It is worse type of business organization.
Its life is dependent on the lives of the incorporators.
The minimum number of incorporators to start a corporation is three.

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