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Eleanors aunt offered to lend Eleanor $30,000 right now to buy a car if Eleanor could pay starting next quarter $1500 every quarter for the
Eleanors aunt offered to lend Eleanor $30,000 right now to buy a car if Eleanor could pay starting next quarter $1500 every quarter for the next 5-years. With a 5% annual interest rate, we want to evaluate whether this is a good deal for Eleanor or not.
The current value of what Eleanor would pay her aunt over the future is [ Select ] The aunt's offer is a [ Select ] for Eleanor.
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