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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 .  R [{(1 + i)n – 1}/ i (1 + i)n]
C .  R(1 + i)n
D .  R/(1 + i)n
Answer: Option B
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!

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