You Sold Your Motorcycle and Accepted a Note with the Following

question 13

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

---

Definitions:

Hair Follicle

A skin organ that produces hair, consisting of cells that together form the structure hosting each hair strand.

Hair Shaft

The part of the hair that is above the skin surface, consisting of dead, keratinized cells.

Hair Bulb

The rounded, living part of hair located at the base of the hair follicle, where hair growth begins.

Hair Root

The part of the hair located below the surface of the skin, anchoring the hair into the scalp or skin.