Question: Why is this wrong? Not sure what I am missing could you please explain.. How much would you have to invest today to receive the
Why is this wrong? Not sure what I am missing could you please explain..

How much would you have to invest today to receive the following? Use Appendix B and Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. b. $19,250 in 17 years at 14 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Answer is complete but not entirely correct. Present value $ 2,079.00 X Appendix B (concluded) Present value of $1 ) 1 Porcent 14% 15% 16% 20% 25% 30% 35% 40% 50% Period 1 13% % 0.885 0.783 0.877 18% 0.847 0.718 0.870 0.756 19% 0.840 0.706 0.800 0.769 0.592 0.714 0.510 0.667 0.444 2 0.640 3 0.693 0.613 0.543 4 4 5 0.769 0.675 0.592 0.519 0.456 0.400 0.658 0.572 0.497 17% 0.855 0.731 0.624 0.534 0.456 0.390 0.333 0.609 0.515 0.437 0.593 0.499 0.419 0.512 0.410 0.328 0.262 0.210 0.168 6 0.862 0.743 0.641 0.552 0.476 0.410 0.354 0.305 0.263 0.227 0.195 0.432 0.376 0.370 0.314 0.352 0.296 7 0.480 0.425 0.376 0.333 0.295 0.261 8 0.364 0.260 0.186 0.133 0.095 0.068 0.048 0.035 0.025 0.018 9 0.134 0.351 0.308 0.270 0.237 0.327 0.284 0.247 0.215 0.107 0.086 10 11 12 13 14 0.208 0.741 0.549 0.406 0.301 0.223 0.165 0.122 0.091 0.067 0.050 0.037 0.027 0.020 0.015 0.011 0.008 0.006 0.005 0.003 0.002 0.001 0.285 0.243 0.208 0.178 0.152 0.130 0.111 0.095 0.081 0.231 0.204 0.181 0.160 0.296 0.198 0.132 0.088 0.059 0.039 0.026 0.017 0.012 0.008 0.005 0.003 0.002 0.002 0.001 0.001 0.249 0.209 0.176 0.148 0.124 0.104 0.088 0.074 0.062 0.187 0.163 0.141 0.123 0.833 0.694 0.579 0.482 0.402 0.335 0.279 0.233 0.194 0.162 0.135 0.112 0.093 0.078 0.065 0.054 0.045 0.038 0.031 0.026 0.010 0.004 0.001 0 0.168 0.145 0.125 0.108 0.182 0.455 0.350 0.269 0.207 0.159 0.123 0.094 0.073 0.056 0.043 0.033 0.025 0.020 0.015 0.012 0.009 0.007 0.005 0.001 0.266 0.225 0.191 0.162 0.137 0.116 0.099 0.084 0.071 0.060 0.051 0.043 0.037 0.013 0.069 0.055 0.044 0.035 0.160 0.140 15 16 0.141 0.123 0.028 17 0.009 0.006 0.005 0.003 0.002 0.093 0.080 0.069 0.125 0.111 0.069 0.107 0.093 0.081 0.070 0.061 18 0 19 20 25 0.002 0.001 0 0.108 0.095 0.083 0.073 0.038 0.020 0.005 0.001 0.023 0.018 0.014 0.012 0.004 0.001 0.098 0.087 0.047 0.026 0.008 0.002 0.052 0.044 0.037 0.031 0.013 0.005 0.001 0 0.059 0.051 0.043 0.020 0.009 0.002 o 0 0.016 0 0.060 0.051 0.024 0.012 0.003 0.001 0 30 0 0.030 0.015 0.004 0.001 0 0 0.007 0.001 0 0 0 40 0 0 0 0 50 0 0 0 0 0
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