The discount factor used to obtain the present value of money in the next period where k represents the rate of return is
A) k.
B) 1 + k.
C) 1/(1 + k).
D) k /(1 + k).
Answer: C
Business
A) k.
B) 1 + k.
C) 1/(1 + k).
D) k /(1 + k).
Answer: C