Engineering Economics
Which is NOT an essential element of an ordinary annuity?

The first payment is made at the beginning of the first period.
Compound interest is paid on all amounts in the annuity.
The amounts of all payments are equal.
The payments are made at equal interval of time.

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Engineering Economics
Each financial ratio is generally compared by

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

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