Annuity maths questions

[thepharcyde]

Please can someone help.

Question
If interest rates are fixed at 12% per annum how much would you pay for an annuity of £8000 payable at the end of each of the following seven years?

Answer £36,513.33

I simply cannot get to this.

I am doing the following

£8,000x1/0.12(1-1/1.12 power of 7) equaling £36,510.05

What am I doing wrong. How do you calculate annuity?

Thank you for your help

 

[[TW]Fox]

You are almost certainly correct and its probably just a rounding error.

 

[thepharcyde]

Thank you, yeah come to the same conclusion