The formula 1/(1 + r)t is used to calculate

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
ChapterM: Time Value Of Money Module
Section: Chapter Questions
Problem 7MC
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The formula 1/(1 + r)t is used to calculate

 

Multiple Choice
  •  
    The present value annuity factor.
  •  
    The present value interest factor.
  •  
    The future value interest factor.
  •  
    The present value of $1 occurring t periods from now.
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