In determining the PV_IF for the present value of $1,one could use the reciprocal of the FV_IF for the future value of $1 at the same rate and time period.

Name: In determining the PV IF for the present value of $1,one could use the reciprocal of the FV IF for the future value of $1 at the same rate and time period.
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Quizplus · Accepted Answer

This is true because the present value and future value factors are reciprocals of each other. Therefore, if you have FV_IF, you can simply take its reciprocal to get PV_IF.

In Determining the PVIF for the Present Value of $1,one

In Determining the PV_IF for the Present Value of $1,one