Chemical Engineering Plant Economics
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. [((1 + i)n – 1)/i(1 + i)n]
- C. R(1 + i)n
- D. R/(1 + i)n