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