You sold a car and accepted a note with the following cash flow stream as your payment. What was the effective price you received for the car assuming an interest rate of 5.5%?   0 1 2 3 4 CFs: $0 $1,000 $2,000 $2,000 $2,000 ?

A. $6,123
B. $6,062
C. $5,335
D. $5,214
E. $5,699


Answer: B

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