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!

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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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.
Transcribed Image Text: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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