1.You are selling a tractor for $10,000. The buyer can pay $3,000 now, $2,500 next year, $1,500 in two years, and $3,000 in three years. If you require an 8% interest rate, would you accept the offer?

2.Using the same circumstances as above, would you accept an offer paying $2,200 per year for six years? The first payment is one year from the purchase date.