If 'S' is the amount available after 'n' interest periods for an initi – McqOptions

MCQOPTIONS

1.	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
A.	(1 + i)ⁿ/S
B.	S/(1 + i)ⁿ
C.	S/(1 + in)
D.	S/(1 + n)ᶦ
Answer» C. S/(1 + in)

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