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you just purchase a new car with no down payment, and a 5-year auto loan that requires you to makea $500 payment at the end
you just purchase a new car with no down payment, and a 5-year auto loan that requires you to makea $500 payment at the end of each month over the next 5 years starting one month from today. The loan is an example of what type of cash flow. an annuity, anannuity due, a perpetully due, a perpetually, or none of the above
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