A local pizzeria buys a used car to make pizza deliveries. It pays $2,000 down and $2,000

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A local pizzeria buys a used car to make pizza deliveries. It pays $2,000 down and $2,000 a year for two more years. What is the present value of these payments at a 5% interest rate?

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Managerial Economics And Strategy

ISBN: 9780134899701

3rd Edition

Authors: Jeffrey M. Perloff, James A. Brander

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