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You Sold a Car and Accepted a Note with the Following

Question 153

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 13.0%? ​
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 13.0%? ​ A) $5,267 B) $5,064 C) $5,672 D) $6,330 E) $4,304


A) $5,267
B) $5,064
C) $5,672
D) $6,330
E) $4,304

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