Question

getting stuck towards the end. how do I solve for PV? Is my answer wrong? Unsure if you can see the end. probably wrong because it doesn't look right. Solve for PV being 2 years of college savings.

Answer 1

I can't find any mistake in the procedure

The only think could be wrong is the value of r = 0055, I think it could be 0.055

With only 1 zero.

I got PV = $14825.78 not $148 but $14825.78

Maybe the result of 1.0055^5