Question: What's the second step in calculating present value by table lookup? A. Find the periods: years multiplied by the number of times interest is compounded

What's the second step in calculating present value by table lookup?

A. Find the periods: years multiplied by the number of times interest is compounded in one year.

B. Multiply the table factor by the future value.

C. Find the rate: annual rate divided by the number of times interest is compounded in one year.

D. Go down the period column of the table to the number of periods desired.

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