Which of the following is a function of the compound interest table?

The compound interest table serves as a crucial tool for financial calculations, specifically in understanding the present worth of future amounts of money. The correct answer reflects that one of the primary functions of such a table is to provide the present value of $1 for a specified interest rate and time period. This is essential in various financial analyses, including investment assessments and loan evaluations, because it allows individuals to determine how much a future sum of money is worth in today's dollars based on the concept of time value of money.

The present worth of $1 per period is derived from the principle that money available now is worth more than the same amount in the future due to its earning capacity. By referencing the compound interest table, users can easily find the present value that corresponds to different rates and periods without needing to calculate it manually each time.

Other functions related to financial management, such as calculating maintenance expenses, estimating property taxes, or determining real estate commissions, do not directly utilize the compound interest table. These other functions typically rely on different types of financial analysis or calculations that are outside the specific use of compound interest and future value determinations. Thus, the focus on present worth in this context uniquely identifies the function of the compound interest table.