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Civil Engineering · Q212

Engineering Economics

Engineering and GATE · Civil Engineering · question 212

Q212

What is the present worth of a year annuity paying P 3,000.00 at the end of each year, with interest at 8% compounded annually?

A.
P 7,654.04
B.
P 7,731.29
Answer
C.
P 7,420.89
D.
P 7,590.12

Answer: Option B

Solution

Answer: Option B
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