Rudy Corporation is looking to purchase a building costing $520,000 by paying $110,000 cash on...
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Rudy Corporation is looking to purchase a building costing $520,000 by paying $110,000 cash on the purchase date, and agreeing to make annual payments for the next eight years. The first payment is due one year after the purchase date. Rudy's incremental borrowing rate is 8%. Each of the annual payments is closest to: (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided.)
$57,596.
$71,346.
$51,250.
$90,488.
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