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A cash-strapped young professional offers to buy your car with four, equal end of year annual payments of $3,000, beginning 3 years from today (the

  • A cash-strapped young professional offers to buy your car with four, equal end of year annual payments of $3,000, beginning 3 years from today (the first payment will be made on the last day of year 3). Assuming you're indifferent to cash versus credit, that you can invest at 10%, and that you want to receive $9,000 for the car if you were to sell it today, should you accept?

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