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THE HANDBOOK OF CORPORATE FINANCE A Business Companion to Financial Markets, Decisions and Techniques Chapter 1 or 2 or 4 or 6 or 7 or

THE HANDBOOK OF CORPORATE FINANCE A Business Companion to Financial Markets, Decisions and Techniques Chapter 1 or 2 or 4 or 6 or 7 or 8 or 10 or 20 or 11 or 19 or 13.

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  1. Alila buys a car from Kia Motors hire purchase paying seven annual instalments of OMR 1,200, the first being an immediate cash deposit. Assuming an interest rate of 8 per cent is being charged by the Kia Motors hire purchase, how much is the current cash price of the car?

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