Engineering Economics
What refers to the present worth of all the amount the bondholder will receive through his possession of the bond?

Redeemed value of bond
Par value of bond
Face value of bond
Value of bond

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

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

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