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Suppose you take out a car loan that requires you to pay $9,000 now, $5,000 at the end of year 1, and $6.000 at the

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Suppose you take out a car loan that requires you to pay $9,000 now, $5,000 at the end of year 1, and $6.000 at the end of year 2. The interest rate is 15 now and increases to 7% in the next year. What is the present value of the payments ? Enter your response below rounded to 2 decimal places. Number

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