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

Question

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

Quizplus · Accepted Answer

The Answer of 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

You Sold a Car and Accepted a Note with the Following