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Larry purchased a new combine that cost $260,500, minus a rebate of $3,500, a trade-in of $9,500, and a down payment of $7,000. He takes

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Larry purchased a new combine that cost $260,500, minus a rebate of $3,500, a trade-in of $9,500, and a down payment of $7,000. 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.) $ Need Help? Read It

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