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You sold a car and accepted a note with the following cash flow stream as your payment. What was the effective price you received for
You sold a car and accepted a note with the following cash flow stream as your payment. What was the effective price you received for the car assuming an interest rate of 13.5%? 0 1 2 3 4 CFs: $0 $1,000 $2,000 $2,000 $2,000
a) $5,057
b) $5,007
c) $4,856
d) $4,406
e) $5,157
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