Error in Wiley's Mock Calculating Net Wealth?
Wiley 2019 Mock Exam B. AM session, Question 3 part A section i.
We need to calculate PV of future salary to calculate net wealth. I am getting a much different PV but I am using the same inputs. I tried BEG and END calculations, neither are even close.
They say n=5, IY=6.6, PMT= 300,000, then CPT PV. I get PV = 1.243m. They are getting 833k. Is Wiley just stupid? or am i? Wasted 30 minutes on this simple calculator question.
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