Question: 9. You sold a car and accepted a note with the following cash flow stream as your payment: S1,000 at the end of year one

9. You sold a car and accepted a note with the following cash flow stream as your payment: S1,000 at the end of year one and $2,000 at the end of years two, three and four. What was the effective of 6%? price you received for the car (i.e., the present value of the cash flows) assuming an interest rate

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