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Jim sold a car and accepted a note promising cash flows of $1,000 at the...

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Accounting

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Jim sold a car and accepted a note promising cash flows of $1,000 at the end of Year 1, and $2,000 at the end of Years 2, 3, and 4 as his payment. What was the effective price he received for the car, assuming an interest rate of 9.30%? Your answer should be between 4, 715.00 and 6, 525.00. rounded to 2 decimal places, with no special characters

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