What Is the Formula for the Present Value of an Ordinary

question 84

Multiple Choice

What is the formula for the present value of an ordinary annuity of 1?

• A) \(\frac { ( 1 + i ) ^ { n - 1 } } { i }\)
• B) \(\frac { 1 } { ( 1 + i ) ^ { n } }\)
• C) (1 + i)ⁿ
• D) \(\frac { 1 - \left[ 1 / ( 1 + i ) ^ { n } \right] } { i }\)

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Definitions:

Restorative Justice

A criminal justice system that emphasizes on rehabilitating offenders by facilitating reconciliation with victims and the broader community.

Main Criticism

The primary or most significant objection raised against a particular idea, policy, or argument.

Restorative Justice

A system of criminal justice which focuses on the rehabilitation of offenders through reconciliation with victims and the community at large.

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