Engineering Economy - Engineering

Q1:

Pick up the correct statement from the following:

A The change in the amount of money over a given time period is called 'time value' of money, a most important concept in engineering economy.

B The manifestation of the time value of money is termed as interest.

C Interest on borrowing = present amount owed - original loan

D The original investment (or loan) is referred to as principal.

E All of these.

ANS:E - All of these.

No answer description is available.