Please get to me soon. You sold a car and accepted a note with the following cash flow stream as your payment. What was theeffective price you received for the car assuming an interest rate of 6.0%?Years124Cash flows $0$1,000$2,000$2,000$2,774.13O $5,987$6,286$6,600O $6,930O $7,277

This can be solved using the concept of time value of money and formula for net present value (NPV).…

Answered: You sold a car and accepted a note with…

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 2STP

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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%? Years: 0 1 2 3 4 | | | | | CFs: Php0 Php1,000 Php2,000 Php2,000 Php2,000 Php5,987 B. Php6,286 Php6,600 Php6,930 Php7,277
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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%?