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Someone offers to buy your car for five, equal annual payments, beginning 7 years from today. If you think that the present value of your

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Someone offers to buy your car for five, equal annual payments, beginning 7 years from today. If you think that the present value of your car is $15,500.00 and the interest rate is 10%, what is the minimum annual payment that you would accept? Multiple Choice $7,968.03 $7,243.67 $8,692.40 $6,519.30

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