Chemical Engineering Mcqs

An annuity is a series of equal payments occuring at equal time intervals, and this amount includes the sum of all payments plus interest, if allowed to accumulate at a definite rate of interest from the time of initial payment to the end of annuity term. Ordinary annuity is used in the calculation of the__________________?

(A)  Manufacturing cost

(B)  Depreciation by sinking fund method

(C)  Discrete compound interest

(D)  Cash ratio

Submitted By :Ali Uppal

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