If an amount R is paid at the end of every year for ‘n’ years, then the net present value of the annuity at an interest rate of i is _________________?
Options:
Answer:
If an amount R is paid at the end of every year for ‘n’ years, then the net present value of the annuity at an interest rate of i is R [{(1 + i)n – 1}/ i (1 + i)n].
