Engineering Economics
What refers to the present worth of cost associated with an asset for an infinite period of time?

Capitalized cost
Increment cost
Annual cost
Operating cost

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

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

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