An annuity is a series of equal payments occuring at equal time intervals, and this amount includes the sum of all payments plus interest, if allowed to accumulate at a definite rate of interest from the time of initial payment to the end of annuity term. Ordinary annuity is used in the calculation of the__________________?

Related Mcqs:

In declining balance method of depreciation calculation, the _____________________?

A. Value of the asset decreases linearly with time B. Annual cost of depreciation is same every year C. Annual depreciation is the fixed percentage of the property value at the beginning of the particular year D. None of these...

Optimum economic pipe diameter for fluid is determined by the___________________?

A. Viscosity of the fluid B. Density of the fluid C. Total cost considerations (pumping cost plus fixed cost of the pipe) D. None of these...

In an ordinary chemical plant, electrical installation cost may be about ____________________?

A. 10-15% of purchased equipment cost B. 3-10% of fixed capital investment C. Either A. or B. D. Neither A. nor B....

Depreciation is ____________________ in profit with time?

A. Decrease B. Increase C. No change D. None of these...

‘Lang factor’ is defined as the ratio of the capital investment to the delivered cost of major equipments. The value of ‘Lang factor’ for fixed capital investment, for a solid-fluid processing chemical plant ranges from ?

A. 1.2 to 1.4 B. 2.5 to 2.7 C. 4.2 to 4.4 D. 6.2 to 6.4...