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If i is the interest rate and X is the number of dollars to be received after t years, the formula to calculate the present value of a future payment is____________.

Respuesta :

Answer:

[tex]PV = \frac{X}{(1 + i)^{t} }[/tex]

Explanation:

The formula is the present value formula for a single payment (X) expected in the future (at time t), given an interest rate of i.

[tex]PV = \frac{X}{(1 + i)^{t} }[/tex]

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