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You Sold a Car and Accepted a Note with the Following

Question 20

Multiple Choice

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 6.0%? ​
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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 the car assuming an interest rate of 6.0%? ​ ​ ​ A) $5,987 B) $6,286 C) $6,600 D) $6,930 E) $7,277 ​


A) $5,987
B) $6,286
C) $6,600
D) $6,930
E) $7,277

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