The Solution to This Problem Requires Time Value of Money

The solution to this problem requires time value of money calculations.Reference to Tables 9-1 through 9-4 in the text is necessary to complete the calculations. If the interest factor used to calculate the future value of $1 at 6% for 5 periods is 1.338,then the present value of $1 at 6% for 5 periods is

A) 1.338 ´ 1.338.
B) 1/1.338.
C) 1/(1.338 x 1.338) .
D) 0.338.