Multiple Choice
Someone offers to buy your car for four,equal annual payments,beginning 2 years from today.If you think that the present value of your car is $9,000 and the interest rate is 10%,what is the minimum annual payment that you would accept?
A) $2,839.24
B) $3,435.48
C) $3,123.16
D) $2,250
Correct Answer:
Verified
Correct Answer:
Verified
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