MCQOPTIONS
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| 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 ) i |
| Answer» C. S /(1 + in ) | |