I am not understanding what I am doing wrong here:

Part 1 $51,270receivable at the end of each period for9periods compounded at12%.(Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Year Cashflow(in$) (a) PVF@12% (b) Present Value a*b 1 $51,270.00 1.12000

$57,422.40 2 $57,422.40 1.25440

$72,030.66 3 $72,030.66 1.40493

$101,198.03 4 $101,198.03 1.57352

$159,237.13 5 $159,237.13 1.76234

$280,629.96 6 $280,629.96 1.97382

$553,913.03 7 $553,913.03 2.21068

$1,224,524.46 8 $1,224,524.46 2.47596

$3,031,873.58 9 $3,031,873.58 2.77308

$8,407,628.00

So I get the Present value of this future receivable as the last figure of 8407628.00?