Hi all,

Reading the example of goal based investments (the smiths example) the describe 4 goals to achieve with different probabilities of success. The point that does not fit to me is the PV calculated for the goal 3 and goal 4 are:

Goal 3

FV 10,000,000.00 N 10 Rate 4.10% PV -6,691,025.81 (instead of -6.71 stated in the reading)

Goal 4

FV 10,000,000.00 N 20 Rate 6.80% PV -2,682,717.52 (instead of -2.42 stated in the readiing)

Does anyone know that if there is an erratum or I am missing anything?