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 _________________?
(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
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