If an amount R is paid

Question -

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:

A . `R [((1 + i)^n -1)/(i)]`

B . `[ ((1 + i)^n - 1)/(i (1 + i)^n)]`

C . `R(1 + i)^n`

D . `R//(1 + i)^n`

Answer: Option B

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