Larry purchased a new combine that cost $280,500, minus a rebate of $2,500, a trade-in of $6,500, 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.
Larry purchased a new combine that cost $280,500, minus a rebate of $2,500, a trade-in of $6,500, 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.
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Larry purchased a new combine that cost $280,500, minus a rebate of $2,500, a trade-in of $6,500, 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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