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

You sold your motorcycle 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 6.0%? Cash Flows: year 0: $0, Year 1: $1,100, Year 2: $2,000, Year 3: $2,000, Year 4: $2,000. (Show Work in Excel) You sold your motorcycle and accepted a note with the following
Selected Answer: cash flow stream as your payment. What was the effective price youe.

$5,987
Answers: a.

$6,600
b.

$6,286
c.

$6,930
d.

$7,277
received for the car assuming an interest rate of 6.0%? Cash Flows:e.

$5,987

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