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

Compound interest is paid on all amounts in the 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.

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Engineering Economics
Which one of the following definitions is correct?

The ratio of earnings before interest and taxes for a particular reporting period to the amount of interest charges for the period is called interest coverage ratio
The ratio debt-to-total assets is called Debt-to-total assets ratio
The ratio of total debt to share holder's equity is called 'debt ratio'
All of these

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