Solve and provide the correct solution

Present value = $7,500 / (1 + 0.007)^36 = $5,361.32

HOW!? I've tried every calculator I can find, I've changed brackets, done things separately, it never ever amounts to this!? What am I doing wrong? It is screwing up ALL my answers that have to be done this way. 

Answer rating: 100% (QA)

Given Future Value FV 7500 Interest Rate r 0007 Number of periods n 36 The formula for calculating ... View the full answer