Are the compounding and discounting processes reciprocal of one anotherreciprocals of one another?

Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter17: Capital And Time
Section: Chapter Questions
Problem 17.6P
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Are the compounding and discounting processes reciprocal of one another
reciprocals of one another?

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