not really sure how to start the problem... I'm trying to figure out how to get the interest rate, and then once you get that I can divide by the periods and input in my financial calculator for Pv.. is that even possible? Because then I'd have the interest rate, # of periods, and Pmt I think to solve for pv. Can this be done on a financial calculator? Is there another way to do it besides the financial calculator method?

When Marilyn Monroe died, ex-husband Joe DiMaggio vowed to place fresh flowers on her grave every Sunday as long as he lived. The week after she died in 1962, a bunch of fresh flowers that the former baseball player thought appropriate for the star cost about $5. Based on actuarial tables, "Joltin' Joe" could expect to live for 27 years after the actress died. Assume that the EAR is 10.4 percent. Also, assume that the price of the flowers will increase at 4.6 percent per year, when expressed as an EAR. Assuming that each year has exactly 52 weeks, what is the present value of this commitment? Joe began purchasing flowers the week after Marilyn died