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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 $16,500.00 and the interest rate is 7%, what is the minimum annual payment that you would accept? Multiple Choice $7,247.08 $5,435.31 $6,643.16 $6,039.23

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