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You just bought a new car today. What is the present value of your cash flows if thr discount rate is 9.5%, you will recieve
You just bought a new car today. What is the present value of your cash flows if thr discount rate is 9.5%, you will recieve a rebate of $3,000 from the dealer in 1 year and you will pay $35,000 to the dealer in 4 years ( note correct answer is less than 0)
A -29,223.74 ( plus or minus $10)
B -27,084.83( plus or minus $10)
C -21,605.37( plus or minus $10)
D -21,345.10( plus or minus $10)
E none
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