Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.

# Okay, I am stuck on ANPV, I cannot for the life of my figure out how they are getting the answer on this. In the example they list: ANPV = ($285.77 /...

Okay, I am stuck on ANPV, I cannot for the life of my figure out how they are getting the answer on this. In the example they list:

ANPV = ($285.77 / 9.7%) x (1 + 1 / 1 + 9.7%) ^3

Somehow, they get the answer of $114.31. I have plugged this into my calculator every way that I can think of... and I don't get anything close ever! Please help!