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Larry purchased a new combine that cost $270,500, minus a rebate of $4,500, a trade-in of $7,500, and a down payment of $6,000. He takes
Larry purchased a new combine that cost $270,500, minus a rebate of $4,500, a trade-in of $7,500, 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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Foundations Of Finance
Authors: Arthur J. Keown, John H. Martin, J. William Petty
10th Edition
0135160618, 978-0135160619
