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 13.5%?

Years: 0 1 2 3 4

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CFs: $0 $1,000 $2,000 $2,000 $2,000

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