Interest Rate Calculation and CF
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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 18.5%?
0 1 2 3 4
CFs: $0 $1,000 $2,000 $2,000 $2,000
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The expert examines interest rate calculations and cash flows.
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What is being asked is to compute for the NPV of the ...
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