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Question: You get an offer to pay you $5200 per year for 8 yrs, calculate the present value of this investment.  

In my financial calculator i would hit, N = 8 , PMT = 5200.

 

The question doesn't state the Interest rate? How am I suppose to solve this without an interest rate. The question answer says to type in my calculator.

 

N = 8, I = 5, PMT = 5200 where did they get the interest rate of 5? without it being in the question. 

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