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Can someone please help me with the following question: What is the value of this 20 year lease? The first payment, due one year from
Can someone please help me with the following question: What is the value of this 20 year lease? The first payment, due one year from today is $2,000 and each annual payment will increase by 4%. The discount rate used to evaluate similar leases is 9%. (Round to the nearest dollar.) *Please SHOW ME THE STEPS you took to get this answer. And please SHOW ME HOW I WOULD PUT THIS IN MY CALCULATOR (example: for payment I am guessing i would type 2000, INPUT button, P button). I am using a HP 10bII calculator. Thanks
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