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Present value. A smooth-tolking used car salesman who smiles considerably is offering you a great deal on a pre-owned carHe says For only 8 annual

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Present value. A smooth-tolking used car salesman who smiles considerably is offering you a great deal on a "pre-owned carHe says "For only 8 annual payments of $2.500, this beautiful 1998 Honda Civic can be yours. If you can borrow money at what is the price of this car? Assume the payment is made at the end of each year If you can borrow money at 8% what is the price of this car? (Round to the nearest cunt) TO

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