Question: Solve this equation to find the present value. The Future Value is 300 while the interest rate is 9% for 5 periods. PV = FV

Solve this equation to find the present value. The Future Value is 300 while the interest rate is 9% for 5 periods.

PV = FV / (1+i)^n or PV = FV / (1+r/m)^mt , which formula do I use?

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