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) 1.338 × 1.338.
B) 1/1.338.
C) 1/(1.338 × 1.338) .
D) 0.338.
Correct Answer:
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