Engineering Economics
What is the present worth of a year annuity paying P 3,000.00 at the end of each year, with interest at 8% compounded annually?

P 7,654.04
P 7,731.29
P 7,590.12
P 7,420.89

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Engineering Economics
In a cash flow series:

All of these
The gradient in the cash flow may be positive or negative
Either an increase or decrease in the amount of a cash flow is called the gradient
Uniform gradient signifies that an income or disbursement changes by the same amount in each interest period

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