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A car dealer offers you a "buy now, pay later" deal in which you can...

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Accounting

  1. A car dealer offers you a "buy now, pay later" deal in which you can buy the car now, and pay $1000 every month for the next 3 years. If your opportunity cost is 5% p.a. compounded monthly, what is the value of the car?

    $8,504.88

    $16,546.85

    $8,863.25

    $33,365.70

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