Originally Posted by
hansfordmc I'm trying to solve the following, but I'm doing something wrong in the calculations.
PV = Pmt(1-(1 = i)^-n) / i
497.98(1 - (1 + .06)-60)/ .06
497.98(1 - ( - 58.94) / .06
i don't know how you got this.
497.98(59.94) / .06
497.98(999) ??