If the Annual Interest Rate Is I,the Present Value of $X

Multiple Choice

If the annual interest rate is i,the present value of $X to be received at the end of each of the next n years is:

A) $X/i.
B) $X/(1 + i) ⁿ.
C) $\$ X \sum_{t=1}^{n} 1 /(1+i) ^{t}$
D) $X[(1 + i) ⁿ] / [ i(1 + i) ⁿ - 1].
E) $X / [i(1 + i) ⁿ - 1].