# Question: without referring to the preprogrammed function on your financial calculator...

###### Question details

Without referring to the preprogrammed function on your financial calculator, use the basic formula for present value, along with the given discount rate, 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 : 18% Number of periods, n : 12 The present value of $1 is - (Round to three decimal places.)