Question
You sold your motorcycle and accepted a note with the following cash flow stream as your payment. It pays you nothing now, $1000 nezt year,
You sold your motorcycle and accepted a note with the following cash flow stream as your payment. It pays you nothing now, $1000 nezt year, and $2000 for the three years after that (Years 2-4). What was the effective price you received for the car assuming an interest rate of 6.0%?
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Financial Management For Decision Makers
Authors: Peter Atrill
8th Edition
129213433X, 978-1292134338
