You Sold a Car and Accepted a Note with the Following

question 128

Multiple Choice

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 6.0%?

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

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Definitions:

Task Orientation

A focus on completing tasks and achieving specific objectives efficiently.

Cohesion

The force that holds members of a group, society, or material together, promoting unity and consistency.

Internal Communications

The exchange of information and messages within an organization among its members.

External Communications

The process of conveying information and messages from an organization to the outside world, including the public, customers, investors, and other stakeholders.