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A cash-strapped young professional offers to buy your car with four, equal annual payments of R3,000, beginning 2 years from today. Assuming you're indifferent to
A cash-strapped young professional offers to buy your car with four, equal annual payments of R3,000, beginning 2 years from today. Assuming you're indifferent to cash versus credit, that you can invest at 10%, and that you want to receive R9,000 for the car, should you accept? Please indicate with Yes or No answer and also provide the Present Value Amount
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