What is the present value of the given payments


Problem

If you buy a car for $100 down and $100 a year for two more years, what is the present value of these payments at a 5% rate of interest?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What is the present value of the given payments
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