8294Chemical EngineeringMedium
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________?
AS/(1 + i)n
B(1 + i)n/S
CS/(1 + n)i
DS/(1 + in)
Correct answer
A. S/(1 + i)n
Explanation
The correct answer is S/(1 + i)n.