Estimating Cash Flows. Jason’s car was just stolen, and the police

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Estimating Cash Flows. Jason’s car was just stolen, and the police informed him that they will probably be unable to recover it. His insurance will not cover the theft. Jason has a net worth of $3,000, all of which is easily convertible to cash. Jason requires a car for his job and his daily life. Based on Jason’s cash flow, he can’t currently afford more than $200 in car payments. What options does he have? How will these options affect his net worth and cash flow?

 

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