* Shara Jane Mariano buys a 137,000 laundry business by paying 26,000 at the end of each year. At 8%, what will be the final payment to be paid (1) on the last regular payment; (2) A year after the last regular payment?

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 25PROB
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* Shara Jane Mariano buys a 137,000 laundry business by paying 26,000 at the end of each year. At
8%, what will be the final payment to be paid
(1) on the last regular payment;
(2) A year after the last regular payment?
Transcribed Image Text:* Shara Jane Mariano buys a 137,000 laundry business by paying 26,000 at the end of each year. At 8%, what will be the final payment to be paid (1) on the last regular payment; (2) A year after the last regular payment?
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