If ‘S’ is the future capital accumulated in ‘n’ years at the rate of interest ‘i’ per annum, then present worth is:
A
$$\frac{{\text{S}}}{{{{\left( {1 + {\text{i}}} \right)}^{\text{n}}}}}$$
B
$${\text{S}}{\left( {1 + {\text{i}}} \right)^{\text{n}}}$$
C
$${\text{S}}{\left( {1 + {\text{i}}} \right)^{\frac{1}{{\text{n}}}}}$$
D
None of these
Correct Answer: $$\frac{{\text{S}}}{{{{\left( {1 + {\text{i}}} \right)}^{\text{n}}}}}$$