Nev. Admin. Code § 361.256 — 361.256

NAC 361.256    “Compound interest and annuity tables” defined. ( NRS 360.090 , 361.320 )    “Compound
interest and annuity tables” means the six sets of factors or coefficients that
embrace the fundamentals of the mathematics of finance. The various factors are
here called present worth of 1, present worth of 1 per annum, future worth of
1, future worth of 1 per annum, sinking fund and mortgage repayment. The first
type of factor, present worth of 1, is derived from the formula:
1
n
___________________
(1
+ r)
Where “r” is the discount (capitalization) rate and “n” is the
number of periods. All other factors are derived from the mathematical
manipulation of this formula. Other names are sometimes given to some of the
factors such as “reversion” for present worth of 1, “Inwood” for the present
worth of 1 per annum and many names for mortgage repayment.
[Tax Comm’n, Property Tax Reg. part No. 15, eff. 10-30-79]