Then answer the following questions a loan of 1000 is to be


Then answer the following questions. A loan of $1000 is to be repaid by annual payments of $100 to begin at the end of the year and continue thereafter for as long as necessary. Find the time and amount of the final payment, assuming that the final payment will be larger than the regular periodic payments. Let i = 5%.

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Financial Management: Then answer the following questions a loan of 1000 is to be
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