Hey There,
I have a small problem for those able to help.
"A machine is purchased with a $3000 deposit plus payments of $250 at the end of every six months for 6 years. If the is at 8% per year compounded semianually, find the original price of the machine"
The original answer i came up with was $7803.10
But i think I may have gone about it the wrong way.
Thanks
Storm.