Engineering Economics
What refers to the negotiable claim issued by a bank in lien of a term deposit?

Capital gain certificate
Certificate of deposit
Bond
Time deposit

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

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

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