Suppose you plan to put $8000 down on a car today and make payments of $4000 in
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Question:
Suppose you plan to put $8000 down on a car today and make payments of $4000 in each of the next 2 years, which will pay off the car. If interest rates are 8%, what is the value of your car today?
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Related Book For
Quantitative Investment Analysis
ISBN: 978-1119104223
3rd edition
Authors: Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, David E. Runkle
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