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 717.17
P 731.17
P 714.71

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

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

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