Sold a Car and Accepted a Note with the Following

question 4

Multiple Choice

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 6.0%?

• A)$5,987
• B)$6,286
• C)$6,600
• D)$6,930
• E)$7,277

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Definitions:

Constructive Dismissal

When an employer commits a fundamental breach of the contract, such as by unilaterally changing a key term of the contract, the employee can treat the breach as a termination

Due Process

The legal requirement that the state must respect all legal rights owed to a person, encompassing a fair and formal procedure.

Sexist

Prejudiced beliefs or discrimination based on a person's sex or gender, often manifesting in practices that disadvantage women.

Dismissal

The act of terminating an employee's contract or employment, often due to underperformance or disciplinary issues.