Question
Larry purchased a new combine that cost $210,500, minus a rebate of $2,500, a trade-in of $9,500, and a down payment of $8,000. He takes
Larry purchased a new combine that cost $210,500, minus a rebate of $2,500, a trade-in of $9,500, and a down payment of $8,000. He takes out a loan for the balance at 8% APR over 4 years. Find the annual payment. (Simplify your answer completely. Round your answer to the nearest cent.)
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
4th Edition
0256147175, 978-0256147179
