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Question 1 2 pts Attempt duer Now 29 Minutes, 31 board Use the following information to answer all calculation questions. Report all dollar values to

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Question 1 2 pts Attempt duer Now 29 Minutes, 31 board Use the following information to answer all calculation questions. Report all dollar values to the nearest whole dollar and all percentages displaying two decimal places (e.g., 3.33 rather than 0.03) You are purchasing a new combine from a local dealer and plan on financing the purchase through the dealer's financing subsidiary. The list price is $425,000 and, since you have purchased equipment from the dealer in the past, you are receiving a 5 percent repeat business' discount off the list price. You are making a down payment of 14 percent of the final purchase price and you will finance the remaining amount. Your marginal tax rate is 20 percent. The loan terms include: a contract interest rate of 8.00 percent a 7-year loan term semi-annual payments, and an origination fee equal to 3.00 percent of the amount financed. What is the final purchase price of the combine before accounting for the origination fee

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