The annual instalment(I) of the sinking fund(S) over n years, at i rat – McqOptions

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1.	The annual instalment(I) of the sinking fund(S) over n years, at i rate of interest may be calculated from the formula
A.	I=Si/(1+i)n?¹
B.	I=Si(1+i)n?¹/i
C.	I=S(1+i)n?¹/(1+i)
D.	I=si/(1+i)n?¹
Answer» B. I=Si(1+i)n?¹/i

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