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Someone offers to buy your car for five, equal annual payments, beginning 8 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 8 years from today. If you think that the present value of your car is $11,000.00 and the interest rate is 8%, what is the minimum annual payment that you would accept? Multiple Choice $4,249.46 $5,665.95 $4,721.62 $5,193.78

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