The Formula for the Present Value of an Annuity Due $C \times \left[ \left( p _ { 0 _ { r _ { 1 } } } \right) \left( p _ { k , t } \right) \right]$

Multiple Choice

The formula for the present value of an annuity due is

A) $C \times \left[ \left( p _ { 0 _ { r _ { 1 } } } \right) \left( p _ { k , t } \right) \right]$

B) $C \times \left[ \frac { 1 - \frac { 1 } { ( 1 + i ) ^ { n } } } { i } \right]$

C) $C \times \left[ \frac { 1 - \frac { 1 } { ( 1 + i ) ^ { n - 1 } } } { i } + 1 \right]$

D) $C \times \left[ \frac { ( 1 + i ) ^ { n } - 1 } { i } \right]$