Question

Which table has a factor of 1.00000 for 1 period at every interest rate?

a. Future value of 1
b. Present value of 1
c. Future value of an ordinary annuity of 1
d. Present value of an ordinary annuity of 1

Answer 1

The present value of 1 table has a factor of 1.00000 for 1 period at every interest rate.

Step-by-step explanation:

The table that has a factor of 1.00000 for 1 period at every interest rate is the Present value of 1 table. This table is used to calculate the present value of a single amount of money to be received in the future. It is commonly used in finance and investment analyses.