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Tristan Sandino is selling his motorcycle. He has been offered $500 cash plus monthly payments of $250 for 3 years, followed by $150 monthly for

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Tristan Sandino is selling his motorcycle. He has been offered $500 cash plus monthly payments of $250 for 3 years, followed by $150 monthly for the next year. What is the net present value of these payments (NPV)? Assume money is worth 1.2% compounded monthly. Round to the nearest cent

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