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What Is the Present Value of a Car Available for €10,000

Question 4

Multiple Choice

What is the Present Value of a car available for €10,000 deposit plus two further payments of €8,000 and a discount rate of 8% (to the nearest €) ?


A) €22,368
B) €23,867
C) €24,266
D) €25,907

Correct Answer:

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