I solved everything except the 3rd one Why is it wrong and w
I solved everything except the 3rd one. Why is it wrong and what’s the correct answer?
Solution
Soln : Present value can be calculated using the simple annuity formula
In 3rd case , PV = 894073/1.13^28 = 29186.13, instead of 29146.78
Please let me know if this is correct or if any other info. given
