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 5.5%?

	0	1	2	3	4
CFs:	$0	$1,000	$2,000	$2,000	$2,000

a. $5,214

b. $5,699

c. $5,335

d. $6,062

e. $6,123

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