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Him sold a car and accepted a note promsising cash flows of $1,000 at the end of Year 1, and $2,000 at the end of
Him sold a car and accepted a note promsising cash flows of $1,000 at the end of Year 1, and $2,000 at the end of Years 2, 3. And 4 as his payment. What was the effective price her received for the car, assuming an interste ray of 8.90% ?
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