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Help Save & Exit Subn Someone offers to buy your car for five, equal annual payments, beginning 7 years from today. If you think that

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Help Save & Exit Subn Someone offers to buy your car for five, equal annual payments, beginning 7 years from today. If you think that the present value of your car is $12,500.00 and the interest rate is 8%, what is the minimum annual payment that you would accept? Multiple Choice $4,968.04 $5,464.84 $4,471.23 $5,961.64

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