If 'S' is the amount available after 'n' interest periods for an initial principal 'P' with the discrete compound interest rate 'i', the present worth is given by
Options
A. (1 + i)n/S
B. S/(1 + i)n
C. S/(1 + in)
D. S/(1 + n)i
Correct Answer
S/(1 + i)n
More questions
1. Wall thickness of schedule 40 pipe as compared to that of schedule 80 pipe is
Options
A. more
B. less
C. same
D. cither (a) or (b); depends upon the I.D. of the pipe