Which one of the following is the annuity present value formula?
A) C × ({1 - [1/(1 + r) t]}/r)
B) C × ({1 - [1/(1 + r) t]} -r)
C) C × ({1 - [r/(1 + r) t]}/r)
D) C × ({1 - [1/(1 × r) t]} × r)
E) C × ({1 - [r/(1 × r) t]} × r)
Correct Answer:
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