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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 5.5%?

0 1 2 3 4
CFs: $0 $1,000 $2,000 $2,000 $2,000
a. $5,214
b. $5,699
c. $5,335
d. $6,062
e. $6,123

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