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What is the present value of $1,400 a year at a discount rate of 8 percent if the first payment is received 7 years from
What is the present value of $1,400 a year at a discount rate of 8 percent if the first payment is received 7 years from now and you receive a total of 25 annual payments?
I AM NOT LOOKING AT HOW TO SOLVE THIS WITH THE FORMULA AS I KNOW HOW TO SOLVE IT THAT WAY. HOW WOULD I ANSWER THIS WITH AN HP-12C CALCULATOR?
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