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Suppose you take out a car loan that requires you to pay $ 6 , 0 0 0 now, $ 3 , 0 0 0

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 5% now and increases to 10% in the next year. What is the present value of the payments?

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