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:

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

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Engineering Economics
In a cash flow series:

Uniform gradient signifies that an income or disbursement changes by the same amount in each interest period
Either an increase or decrease in the amount of a cash flow is called the gradient
The gradient in the cash flow may be positive or negative
All of these

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