The Solution to This Problem Requires Time Value of Money

The solution to this problem requires time value of money calculations. Reference to Tables 9-1 through 9-4 in the text is necessary to complete the calculations. If the interest factor used to calculate the future value of $1 at 6% for 5 periods is 1.338, then the present value of $1 at 6% for 5 periods is

A) 1/1.338 x 1.338.
B) 0.338.
C) 1.338 × 1.338.
D) 1/1.338.