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Jim sold a car and accepted a note promising cash flows of $ 1 , 0 0 0 at the end of Year 1 ,
Jim sold a car and accepted a note promising cash flows of $ at the end of Year and $ at the end of Years and as his payment. What was the effective price he received for the car, assuming an interest rate of Your answer should be between and rounded to decimal places, with no special characters.
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