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Present value. A smooth-talking used-car nalesman who smles considerably is oltering you a great doal on a pro-owned cac, He says, For only 6 annual

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Present value. A smooth-talking used-car nalesman who smles considerably is oltering you a great doal on a "pro-owned" cac, He says, "For only 6 annual payments of \$2.800, this beautiful 1998 Honda Civic can be yours." If you can borrow money at 10%, what is the price of this car? Asaume the payment is made at the end of each year If you can borrow money at 10%, what is the price of this car? (Round to the nearest cent)

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