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You Sold Your Motorcycle and Accepted a Note with the Following

Question 52

Multiple Choice

You sold your motorcycle 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%?
You sold your motorcycle 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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