Engineering Economics
If ‘P’ is principal amount, ‘i’ is the rate of interest and ‘n’ is the number of periods in years, then the interest factor is:

None of these
(ni - 1)
ni
(1 + ni)

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Engineering Economics
A construction estimate is used

None of these
To decide an approximation of the value of the project and not the exact cost
To produce a statement of the approximate cost
To judge tentatively or approximate value of the project

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Engineering Economics
Each financial ratio is generally compared by

A ratio developed by using the projected financial statement of the firm
A ratio of some selected firms most progressive and successful at the point of consideration
All of these
A past ratio calculated from the past financial standard of the firm

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Engineering Economics
Pick up the correct reason for making conceptual (or preliminary) estimate from the following:

To check quotations from contractors and/or sub-contractors
To have a check on a definitive cost estimate
All of these
To compute target estimate for the owner while drawing and specifications are in initial stage

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