Question: 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

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. 0.338. d. 1/(1.338 x 1.338).

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