What is the name of this formula: (1/1+r)^t?

Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter1: Starting A Proprietorship: Changes That Affect The Accounting Equation
Section1.2: How Business Activities Change The Accounting Equation
Problem 2AYU
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What is the name of this formula: (1/1+r)^t?

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