S
shellbell500
can anyone help me with what i'm doing wrong here? for problem 102, i thought it was easier to just treat each payment as a single event, and use P/F factors for each year to find the present worth of the future payments. when i did this for problem 102, i got the answer right (50K + 10K*.9091 + 60K*.8264 + 20K*.7513 + 20K*.683 = approx. $137,000, answer C).
the problem on the CD that comes with the book is identical with different numbers, but i am not getting the right answer with the same logic. so is my logic flawed and i got lucky on problem 102?
please help! thanks! (p.s. love those emoticons!!!)
:multiplespotting:
the problem on the CD that comes with the book is identical with different numbers, but i am not getting the right answer with the same logic. so is my logic flawed and i got lucky on problem 102?
please help! thanks! (p.s. love those emoticons!!!)
:multiplespotting: