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Math Help - present worth

  1. #1
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    present worth

    Heres the problem I was working on

    http://i14.photobucket.com/albums/a3...ristx/flow.jpg


    I was trying to use the formula

    P = (P/A),i,n)

    but its not coming out to the correct answer of 324.71
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  2. #2
    Member jonah's Avatar
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    Try this: A = 60 + 60(1.10)^(-1) + 60(1.10)^(-2) + 60(1.10)^(-3) + 60(1.10)^(-4) + 120(1.10)^(-5)
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  3. #3
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    I tired that method but it doesnt work out to the correct answer.
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  4. #4
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    sorry it did work, thanks.
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