Engineering Economics
What is the present worth of a P500 annuity starting at the end of the third year and continuing to the end of the fourth year, if the annual interest rate is 10 %?

P 727.17
P 714.71
P 717.17
P 731.17

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Engineering Economics
Pick up the correct reason for making conceptual (or preliminary) estimate from the following:

All of these
To check quotations from contractors and/or sub-contractors
To compute target estimate for the owner while drawing and specifications are in initial stage
To have a check on a definitive cost estimate

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