Simple PV value question is driving me nuts!

[zgall1]

Here is the question:
What is the present value interest factor of an annuity, interest 9.52%, periods = 3.

I've tried this "(1/1.0952) + (1/1.0952^2) + (1/1.0952^3)" but it isn't giving me the right answer. I'm guessing that is the wrong formula. Someone please help me out. This is due in less than 90 minutes!

[Humble Pie]

PV0 = FV1/(1+r)1 + FV2/(1+r)2 + FV3/(1+r)3

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This is due in less than 90 minutes!

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Sorry [img]/images/graemlins/frown.gif[/img]