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whats the formula to get the correct answer? Zandra Acting Corp is looking to purchase a building costing $300,000 by paying $100,000 cash on the

image text in transcribedwhats the formula to get the correct answer?

Zandra Acting Corp is looking to purchase a building costing $300,000 by paying $100,000 cash on the purchase date, and agreeing to make equal payments at the end of every year for the next five years. Zandra's incremental borrowing rate is 8%. How much will each of the payments be? Expect slight rounding. Pick the solution closest to your answer. $75,137 $50,091 $25,000 $40,000 $25,046

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