Question: 8. You are purchasing a used car and will make 5 annual payments of $3,500 starting one year from today. If your funds could be

8. You are purchasing a used car and will make 5 annual payments of $3,500 starting one year from today. If your funds could be invested at 9%, what is the present value of the car? $14,839 $13,614 $17,500 $20,946

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