Bought a delivery truck and agreed to pay $62,000 at the end of three years. rented an office building and was given the option of paying $12,000 at the end of each of the next three years or paying $35,000 immediately. established a savings account by depositing a single amount that will increase to $94,000 at the end of seven years. decided to deposit a single sum in the bank that will provide 8 equal annual year-end payments of $42,000 to a retired employee (payments starting december 31 of this year).

Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.