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You Sold a Car and Accepted a Note with the Following

Question 75

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 7.0%? 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 7.0%? ​ A) $5,081 B) $5,840 C) $5,723 D) $6,716 E) $6,424 ​


A) $5,081
B) $5,840
C) $5,723
D) $6,716
E) $6,424

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