Your friend realizes that they may not have the capital to cover their initial expenses for...

 

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Your friend realizes that they may not have the capital to cover their initial expenses for an average gas station and instead may use a geometric gradient plan to pay off the first cost for the purchase in Table 1. The plan uses the number of years mentioned in Question 2. Assume beginning of year payments. If geometric gradient rate (g) equals the market interest rate, what is the maximum payment they make towards the payment plan? O 4,573,600 4,995.500 O 4,660,200 05.311.000 4,908,400 Your friend realizes that they may not have the capital to cover their initial expenses for an average gas station and instead may use a geometric gradient plan to pay off the first cost for the purchase in Table 1. The plan uses the number of years mentioned in Question 2. Assume beginning of year payments. If geometric gradient rate (g) equals the market interest rate, what is the maximum payment they make towards the payment plan? O 4,573,600 4,995.500 O 4,660,200 05.311.000 4,908,400

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The maximum payment the friend can make towards the payment p... View the full answer