Discussion :: Engineering Economics
- Which is NOT an essential element of an ordinary annuity?
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A.
The amounts of all payments are equal. |
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B.
The payments are made at equal interval of time. |
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C.
The first payment is made at the beginning of the first period. |
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D.
Compound interest is paid on all amounts in the annuity. |
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Answer : Option C
Explanation :
Explanation Not Provided
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