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 4 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 4 annual payments of $2,400
this beautiful 1998 Honda Civic can be yours." If you can borrow money at 9%, what is the price of this car? Assume the payment is made at the end of each year.
If you can borrow money at 9%, what is the price of this car?
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Finance Markets Investments And Financial Management
Authors: Daisy Scott
1st Edition
1639892001, 9781639892006
