Present value of future money is calculated by use of:
A. $$\frac{{\text{P}}}{{{{\left( {1 + {\text{i}}} \right)}^{\text{t}}}}}$$
B. $$\frac{{\text{P}}}{{{{\left( {1 + {\text{t}}} \right)}^{\text{t}}}}}$$
C. $${\text{P}}{\left( {1 + {\text{i}}} \right)^{\text{t}}}$$
D. $${\text{P}}{\left( {1 + \frac{1}{{\text{i}}}} \right)^{\text{t}}}$$
Answer: Option A
This Question Belongs to Agriculture >> Agricultural Economics
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