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A cash-strapped young professional offers to buy your car with four, equal end of your annual payments of $3000, beginning two years from today (The
A cash-strapped young professional offers to buy your car with four, equal end of your annual payments of $3000, beginning two years from today (The first payment will be made on the last day of year 2). assuming you're indifferent to cash versus credit, that you can invest at 10%, and that you want to receive $9000 for the car, should you accept? What is the present value?
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