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Assume you plan to purchase a car. The following is the payment plan suggested by a car dealer: buy the car with four, equal annual

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Assume you plan to purchase a car. The following is the payment plan suggested by a car dealer: buy the car with four, equal annual payments of $3,000, beginning two years from today. Assume that interest rate is 10%, how much is the present value of these payments for the car? A) $11505 B) $8109 C) $9509 D) $8645 E) $7655

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