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Present value. Asmooth-talking used car salesman who smiles considerably is offering you a great deal on a pre-owned car. He says, For only annual payments

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Present value. Asmooth-talking used car salesman who smiles considerably is offering you a great deal on a pre-owned car. He says, "For only annual payments of $2.500. this beautiful 1998 Honda Civic can be yours. If you can borrow money at 10%, what is the price of this car? Assume 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 cont

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