Larry purchased a new combine that cost $250,500, minus a rebate of $3,500, 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.)

A farmer purchased 285 acres of land for $4,900/acre. He paid 25% down and obtained a loan for the balance at 6.75% APR over a 20-year period. How much is the annual payment? (Simplify your answer completely. Round your answer to the nearest cent.)