Question
Jake wants to buy Larry's Kubota L5600. Larry bought it two and a half years ago and paid $89,500; it is a little dented but
Jake wants to buy Larry's Kubota L5600. Larry bought it two and a half years ago and paid $89,500; it is a little dented but Kubota tractors hold their value. The Kubota dealer gave Larry a 5 year loan at 3.0% with monthly payments. To pay off the loan, what is the least amount Larry should accept from Jake to sell the tractor?
| $51,591.39 | ||
| $46,425.31 | ||
| $40,544.76 | ||
| $30,934.35 |
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The Routledge Handbook Of FinTech
Authors: K. Thomas Liaw
1st Edition
0367263599, 978-0367263591
