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Engineering Economy

Q1:

The CRF (ep) is also known as: [CRF(EP) - 8% - 7], where

A 8% is the rate of interest per year

B money is borrowed for n = 7 years

C both (a) and (b)

D Neither (a) nor (b)

ANS:C - both (a) and (b)

CRF stand for?



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