Question: show how to get answer in excel please Rewash Inc., would like to purchase a machine at a cost of $125,000 with a life of

show how to get answer in excel please Rewash Inc., would

show how to get answer in excel please

Rewash Inc., would like to purchase a machine at a cost of $125,000 with a life of 6 years. Their bank is ready to finance 90% of the machine at a rate of 4% per year compounded weekly if Rewash agrees to a payment of $900 per month and the remaining as a balloon payment at the end of the machine life. What is the balloon that Rewash Inc., will have to pay? $90,040 $113,328 $140,063 $69,890

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