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You are selling a tractor for $16,000. The buyer can pay $5,000 now, $4,500 next year, $3,500 in two years, and $3,000 in three years.

You are selling a tractor for $16,000. The buyer can pay $5,000 now, $4,500 next year, $3,500 in two years, and $3,000 in three years. What formula do you need for this problem? If you require an 8% 2 answers

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