Question: You sold a car and accepted a note with the following cash flow stream as your payment. What was the effective price you received for

You sold a car and accepted a note with the following cash flow stream as your payment. What was the effective price you received for the car assuming an interest rate of 11.0%?

	0	1	2	3	4
CFs:	$0	$1000	$2000	$2000	$2000

Group of Answers:

$4455

$5304

$4296

$6312

$4668

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