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I need help on the steps on how to calculate this on a HP hpb10ii financial calculator. An investment promises to return $1,500 annually with
I need help on the steps on how to calculate this on a HP hpb10ii financial calculator.
An investment promises to return $1,500 annually with the first $1,500 to be received at the end of 5 years and the last $1,500 to be received at the end of 12 years. What is the value of this investment in year 3 at a 5 percent rate of return? t step: Collect All Information from Q 2nd step: Make a timeline!!! 3rd step: Use proper equations, and show me your work. PVA Then, PMT 1,500, i = 596, n=8; m=1 PV PVA? 1.5k 1.5k...1.5k 1.5k 1- PV-PMTx PV -1,500 X 1+i 1+5% 4th step: Use your calculator to figure out correct answers $9,233.16Step by Step Solution
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