Calculating the npv and irr on a financial calculator

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When calculating the NPV and IRR on a financial calculator (I'm using HP-12C), is the sequence with which you input the payments important? I imagine so, since the whole lesson is about how time equals money but the sample questions only show ascending payments with equal payments in direct succession, but if I have a problem where this is not the case (say a payment is $500 in year 1, $400 in year 2, and $500 in year 3) then it seems like it wouldn't make sense to use the Nj key to register 2 payments of $500--is that a correct assumption? Thanks in advance!

Reference no: EM133119894

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