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Veronika [31]
2 years ago
8

One way in which you lose financially when buying a new car is​

Business
1 answer:
ivanzaharov [21]2 years ago
7 0
A I’m not doing this but pretty sure A
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$917.996

Explanation:

First, we calculate price:

Price = 5% * 1000 = $50.

At the fifth year, Price = $1000 + $50 = $1050

The price of the Corporate bond is given as:

50/(1+.07) + 50/(1+.07)² + 50/(1+.07)³ + 50/(1+.07)⁴ + 1050/(1+.07)^5

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