Question
1. Someone offers to buy your car for five, equal annual payments, beginning 8 years from today. If you think that the present value of
1. Someone offers to buy your car for five, equal annual payments, beginning 8 years from today. If you think that the present value of your car is $18,500.00 and the interest rate is 14%, what is the minimum annual payment that you would accept?
- $12,135.68
-$13,484.09
-$14,832.50
-$16,180.91
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Project Financing Asset-Based Financial Engineering
Authors: John D Finnerty
3rd Edition
1118421841, 9781118421840
