# Math Help - Finding present-worth

1. ## Finding present-worth

A used machine costs $20,000 to purchase. It has an annual maintenance cost of$20,000, a salvage value of $5,000, and a 10-year life. If the interest rate is 10% per year, compounded annually, what is the present-worth of the machine? Ans:$140,960.12
I was able to find the answer, but through a very long process. Does someone have an easier way?

2. ## what is your process?

Then I can see if I have an easier way.

Ivan