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You Sold Your Motorcycle and Accepted a Note with the Following

question 113

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%? 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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