Engineering Economics
If ‘P’ is principal amount, ‘I’ is the rate of interest per annum and ‘n’ is the number of periods in years, the compound amount factor (CAF) is:

None of these
(1 + i)(1/2n)
(1 + i)n
√(n + i)

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Engineering Economics
A construction estimate is used

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

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Engineering Economics
Which is true about partnership?

It can be handed down from one generation of partners to another.
Its capitalization must be equal for each partner.
It has a perpetual life.
It will be dissolved if one of the partners ceases to be connected with the partnership.

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