1- The concept that different sums of money at different points in time can be said to be equal to each other is known as: Select one:

a. Equivalence

b. Evaluation criterion

c. Intangible factors

2- To make a correct comparison by the annual worth method for different alternatives, the salvage value should be multiplied by the factor of: Select one:

a. (A/P,i,n)

b. (F/A,i,n)

c. (P/A,i,n)

d. (A/F,i,n)

d. Cash ow

3- he amount of money five years ago that is equivalent to $ 1000 now at 10% per year compound interest is nearest to: Select one:

a. 1900

b. 1400

c. 1600

d. 621

4- The time it would take for a given sum of money to triple (3 times) at 4% per year using simple interest equals ... . Select one:

a. 25 years.

b. 10 years.

c. 50 years.

d. 5 years.