Engineering Economics
What is defined as the investment of loan or principal which is based not only on the original amount of the loan or principal but the amount of loaned or principal plus the previous accumulated interest?

Simple interest
Nominal rate of interest
Effective rate of interest
Compound interest

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Engineering Economics
Which is true about corporation?

The minimum number of incorporators to start a corporation is three.
It is worse type of business organization.
The stock holders of the corporation are only liable to the extent of their investments.
Its life is dependent on the lives of the incorporators.

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