Question
Larry purchased a new combine that cost $220,500, minus a rebate of $4,500, a trade-in of $8,500, and a down payment of $6,000. He takes
Larry purchased a new combine that cost $220,500, minus a rebate of $4,500, a trade-in of $8,500, and a down payment of $6,000. 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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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
12th Edition
0357442156, 978-0357442159
