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chapter 5 corporate finance by brealey problem 8 d where did it get the formula for PVF @10 % 1/(1 + 10%)^year. Is 1 already

chapter 5 corporate finance by brealey problem
8 d
where did it get the formula for PVF @10 %
1/(1 + 10%)^year. Is 1 already given? image text in transcribed
where did it get the numbr 1 that I encircle in the formula of PV@ 10%. Thanks
image text in transcribed
4:35 LTE

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