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Please get back to me soon. I am struggling with these. You sold a car and accepted a note with the following cash flow stream
Please get back to me soon.
I am struggling with these.
You sold a car and accepted a note with the following cash flow stream as your payment. What was the effective price you received for the car assuming an interest rate of 6.0%? Years 0 1 2 3 4 Cash flows $0 $1,000 $2,000 $2,000 $2,774.13 $5,987 $6,286 O $6,600 $6,930 O $7,277 What is the present value of the following cash flow stream at a rate of 8.0%? Years: 0 1 2 3 Cash flows: $750 $2,450 $3,175 $2,741.68 O $7,917 O $8,333 O $8,772 O $9,233 0 $9,695Step by Step Solution
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