What is current price of the car if you buy it today

Reference no: EM133491776

Question: You just graduated and are celebrating by buying a new car. The dealer offers you the following deal on the car: nothing due today, ANNUAL payments of $10,069.00 at the end of every year for 5 years, at an ANNUAL interest rate of 4%. What is current price of the car if you buy it today instead of financing it for the next 5 years?

Reference no: EM133491776

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