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9. You sold a car and accepted a note (i.e., an IOU) with the following cash flow stream as your payment: $2,000 at the end

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9. You sold a car and accepted a note (i.e., an IOU) with the following cash flow stream as your payment: $2,000 at the end of year one and $3,000 at the end of years two, three and four. What was the effective price you received for the car (i.e., the present value of the cash flows) assuming an interest rate of 6%

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