In the annuity present value formula, the variable "r" must be expressed as a(n):

Name: In the annuity present value formula, the variable "r" must be expressed as a(n):
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The variable "r" in the annuity present value formula represents the interest rate per period, not necessarily on an annual basis, but rather for each specific period (month, quarter, etc.) involved in the annuity payments. This makes it a stated rate per period of time t, aligning with choice D.

In the Annuity Present Value Formula, the Variable "R" Must