Question: i will give thumps up! please help Present value. A smooth-talking used-car salesman who smiles considerably is offering you a great deal on a pre-owned
Present value. A smooth-talking used-car salesman who smiles considerably is offering you a great deal on a "pre-owned car. He says, "For only 6 annual payments of $2.500, this beautiful 1998 Honda Civic can be yours. If you can borrow money at 10%, what is the price of this car? Assume the payment is made at the end of cach vs. # you can borrow money at 10%, what is the price of this car? (Round to the nearest cent)
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