The Formula for the Present Value of a Single Sum $\frac { P V } { ( 1 + i ) ^ { n } }$

Multiple Choice

The formula for the present value of a single sum at compound interest is

A) $\frac { P V } { ( 1 + i ) ^ { n } }$
B) FV x (1 + i) ⁿ
C) FV x $\frac { 1 } { ( 1 + i ) ^ { n } }$
D) PV x $\frac { 1 } { ( 1 + i ) ^ { n } }$