Question
Please pay attention to what I'm asking before you answer this question (I just posted and the person who answered did not understand what I
Please pay attention to what I'm asking before you answer this question (I just posted and the person who answered did not understand what I was asking). I am solving this equation and get the answer $44.88. The correct answer is as follows. Look at the correct answer versus my answer and tell me what mistake is being made. I believe it has something to do with the way I'm caluclating the exponents maybe (although that doesn't seem possible), so please show the work to get the correct answer.
Calculation for correct answer: -$250 + $35/(1.18)1 + $80/(1.18)2 + $130/(1.18)3 + $160/(1.18)4 + $175/(1.18)5 = $75.30
Calculation for my incorrect answer (using figures from above equation) = -$250 + $29.66 + $57.55 + $48.78 + $82.47 + $76.42 = $44.88
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