Jim was bragging to Ann. Jim's mom had given him a new BMW that cost 3,000,000. Ann,

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Jim was bragging to Ann. Jim's mom had given him a new BMW that cost 3,000,000. Ann, who was studying finance, thought hard about the embers and offered Jim to buy the car from him by paying 200,000 a year forever. The reference rate is 4%. What was the actual purchase price Ann paid for the car?

Posted Date: Jul 11, 2024 09:03 PM

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Jim was bragging to Ann. Jim's mom had given him a new BMW that cost 3,000,000. Ann,

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