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a)Draz sells a car to a customer for $10,000, offering interest-free credit for a three-year period. The car is delivered to the customer immediately. The

a)Draz sells a car to a customer for $10,000, offering interest-free credit for a three-year period. The car is delivered to the customer immediately. The annual market rate of interest on the provision of consumer credit to similar customers is 5%.

What is the transaction price?

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