I do not understand. If you do not answer homework questions, then what is the site used for. I have tried to find the formula in the text on this problem and do not see how it fits any of the concepts. I must be overlooking something or I do not have a grasp of the concepts. So I don't understand how your site could help me. Sorry I bothered.

There is a site where homework help can be sought, the large prompt at the head of the Board tells you that. This Board is here so that accounting can be discussed, not model answers provided. What principle of accounting are you having difficulty with?

time value of money. But I managed to get the right answers the old fashoned way. I looked at the examples, used the tables and came up with the right answers. Thanks for your reply. I'll be back when I can converse intelligently about accounting.