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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 13.0%?
01234CFs:$0$1,000$2,000$2,000$2,000
a.$6,330 b.$5,267 c.$5,672 d.$4,304 e.$5,064
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