$4,900/acr

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.2: Solve Percent Applications
Problem 3.35TI: Find the percent increase. (Round to the nearest tenth of a percent.) In 2011, the IRS increased the...
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A farmer purchased 285 acres of land for $4,900/acre. He pod 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
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