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suppose you take out a car loan that requires you to pay $9000 now and $4000 at the end of year 1 and $6000 at

suppose you take out a car loan that requires you to pay $9000 now and $4000 at the end of year 1 and $6000 at then end of year 2. the interest rate is 3% now and increase to 9% in the next year. what is the present value of the payments

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