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Civil Engineering - Engineering Economy - Discussion

Discussion Forum : Engineering Economy - Section 1 (Q.No. 6)
Engineering Economy
6.
Pick up the correct statement from the following:
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.
The manifestation of the time value of money is termed as interest.
Interest on borrowing = present amount owed - original loan
The original investment (or loan) is referred to as principal.
All of these.
Answer: Option
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