Please help me answer the math problem, I really really need it. It will be very much appreciated if you would help me, thank you! 1. An investment of 5,666 is to be used to makepayments of 666 at the end of each year for as longas possible. If thefund earns an effective rate of 6%, find the finalрaymentA. to be paid on the last regular paymentB. to be paid one period after the last regularрaymentC. Make a table for this problem.

Given information: Investment $ 5,666.00 Payments $ 666.00 Interest rate 6%

Answered: Please help me answer the math problem,…

Please help me answer the math problem, I really really need it. It will be very much appreciated if you would help me, thank you!

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 29P

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Question

Please help me answer the math problem, I really really need it. It will be very much appreciated if you would help me, thank you!

1. An investment of 5,666 is to be used to make
payments of 666 at the end of each year for as long
as possible. If the
fund earns an effective rate of 6%, find the final
рayment
A. to be paid on the last regular payment
B. to be paid one period after the last regular
рayment
C. Make a table for this problem.

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