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5. (TCO B) You sold a car and accepted a note with...

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5. (TCO B) You sold a car and accepted a note with the following cash flow stream as your payment. What was the effective price you received for the car assuming an interest rate of 6.0%? Years: 0 1 2 3 4 |-----------|--------------|--------------|--------------| CFs: $0 $1,000 $2,000 $2,000 $2,000 (Points : 10) $5,987 $6,286 $6,600 $6,930 $7,277

 

Paper#12901 | Written in 18-Jul-2015

Price : $25
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