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You want to buy a new sports car from ABC's Cars for $51,800. The contract is in the form of a 4- years annuity due

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You want to buy a new sports car from ABC's Cars for $51,800. The contract is in the form of a 4- years annuity due at a 9.2 percent interest rate. What will be your annual payment? PVAN = PMT (1+1) N 1 ; PV Adue = PV Aordinary (1 + 1) - O $15,937.54 O $11,093.97 O $14,706.30 $12,009.29 O $13,084.13

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