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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

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 $14,000.00 and the interest rate is 14%, what is the minimum annual payment that you would accept? Multiple Choice $8,951.03 $8,055.93 $10,741.24

$9,846.13

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