Calculate the present worth I tried but when I put the answer it’s written wrong

March 10, 2023March 10, 2023 Discipline: Macro Economics
Learning Goal: I’m working on a macro economics case study and need the explanation and answer to help me learn.

Wranggler has some of its jeans stone washed under a contract with an i,dependent contractor ,Almos Corp.If Almos operating cost is $28000 per year for years 1 and 2 and then it increases by 6% per year through year 10.What is the present worth of the machine operating cost at an interest rate of 14% per year?

Requirements:

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