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 of12.0%?
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1
2
3
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CFs:
$0
$1,000
$2,000
$2,000
$2,000
Group of answer choices
$5,182
$4,715
$6,063
$4,094
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