You Sold Your Motorcycle and Accepted a Note with the Following

question 118

Multiple Choice

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%?

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

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