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If the Interest Factor Used to Calculate the Future Value

Question 20

Multiple Choice

If the interest factor used to calculate the future value of $1 at 6% for 5 periods is 1.338,then the present value of $1 at 6% for 5 periods is

A) 1.338 × 1.338.
B) 1/1.338.
C) 1/(1.338 × 1.338) .
D) 0.338.

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