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.