Question
A car dealership offers a car for $12,000, with up to one year to pay for the car. If the interest rate is 6%, what
A car dealership offers a car for $12,000, with up to one year to pay for the car. If the interest rate is 6%, what is the net present value(NPV) of this offer to buyers who elect not to pay for the car for oneyear?
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
7th Edition
013213683X, 978-0132136839
