Question
You sold your motorcycle and accepted a note with the following cash flow stream as your payment. What was the effective price you received for
You sold your motorcycle 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 6.0%? 
| a. | $6,930 | |
| b. | $6,600 | |
| c. | $5,987 | |
| d. | $7,277 | |
| e. | $6,286 |
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Financial Management Theory And Practice
Authors: Prasanna Chandra
7th Edition
0070656657, 978-0070656659
