Hello I keep getting my present value wrong I just rounded the total factor which was 0.439

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Hello I keep getting my present value wrong I just rounded the total factor which was 0.439 . What is it that I'm doing wrong ?

Mike Derr Company expects to earn 12% per year on an investment that will pay $596,000 eight years from now. (PV of $1, FV of $1, PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Compute the present value of this investment. Future Value Table Factor Present Value $ 596,000 0.4040

Posted Date: Jun 22, 2024 02:11 AM

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Hello I keep getting my present value wrong I just rounded the total factor which was 0.439

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