Question
A smooth-talking used-car salesman who smiles considerably is offering you a great deal on a pre-owned car. He says, For only 5 annual payments of
A smooth-talking used-car salesman who smiles considerably is offering you a great deal on a "pre-owned" car. He says, "For only 5 annual payments of $2 comma 300,this beautiful 1998 Honda Civic can be yours." If you can borrow money at 7%,what is the price of this car? Assume the payment is made at the end of each year.
If you can borrow money at7%,what is the price of this car?
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Glencoe Business And Personal Finance
Authors: McGraw-Hill
1st Edition
0021400202, 9780021400201
