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

by
Question: 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: Option B

Explanation:

No answer description available for this question.