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Suppose you take out a car loan that requires you to pay $6,000 now, $3,000 at the end of year 1 and $6,000 at the

Suppose you take out a car loan that requires you to pay $6,000 now, $3,000 at the end of year 1 and $6,000 at the end of year 2. The interest rate is 2% now and increases to 8% 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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