Question: without referring to the preprogrammed function on your financial calculator, use the basic formula for the presnt value, along with the given oppurtunity cost r,

without referring to the preprogrammed function on your financial calculator, use the basic formula for the presnt value, along with the given oppurtunity cost r, and the number of periods, n, to calculate the present value of $1 in the case shown in the following table.

oppurtunity cost, r: 12%

Number of periods,n: 5

The present value of $1 is $__ (round to three decimal places)

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