Multiple Choice
Eric is considering buying a car. He can either purchase the car outright or make 5 annual payments of $10,000 at the end of each year. If the interest rate is 7%, how much is the outright purchase price?
A) $14,025.50
B) $7,129.90
C) $41,002.00
D) $57,863.70
Correct Answer:
Verified
Correct Answer:
Verified
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