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

ANSWER DOWNLOAD EXAMIANS APP

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

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

ANSWER DOWNLOAD EXAMIANS APP