Question
Larry purchased a new combine that cost $290,500, minus a rebate of $5,500, a trade-in of $9,500, and a down payment of $7,000. He takes
Larry purchased a new combine that cost $290,500, minus a rebate of $5,500, 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.)
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The Economics Of Money Banking And Finance
Authors: Peter Howells, Keith Bain
2nd Edition
0273651080, 978-0273651086
