Without referring to the pre programmed function

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Reference no: EM13871095

Without referring to the pre programmed function on your financial calculator, use the basic formula for the present value, along with the given opportunity cost r, and the number of periods, n, to calculate the present value of $1 in the case shown in the following table.

Opportunity cost, r: 12%

Number of periods, n: 5

The present value of $1 is $__ (round to three decimal places)

Reference no: EM13871095

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