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Score: 0 of 1 pt 8 of 8 (7 complete) HW Score: 87.5%, 7... P4-10 (similar to) A Question Help O Present value. A smooth-talking
Score: 0 of 1 pt 8 of 8 (7 complete) HW Score: 87.5%, 7... P4-10 (similar to) A Question Help O Present value. A smooth-talking used-car salesman who smiles considerably is offering you a great deal on a "pre-owned" car. He says, "For only 4 annual payments of $2,700, this beautiful 1998 Honda Civic can be yours." If you can borrow money at 6%, what is the price of this car? Assume the payment is made at the end of each year. If you can borrow money at 6%, what is the price of this car? $ (Round to the nearest cent.)
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