# What's wrong with my PV calc?

#### chatty06

##### New Member
Hi All, I'm completing question 2.4 in the GARP book quantitative analysis.

The question is just asking to get the present value of a bond that is expected to be $85 after 1 year at a continuous interest rate of 5%. In the answer it says it should be$80.85 but when I run my PV calcs I get 80.95. Any thoughts? I tried both on my calculator and in excel and I get the same price. This seems like a simple calculation.

Thanks for the help.

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