Larry purchased a new combine that cost $220.500, minus a rebate of $2,500, a trade-in of $8,500, and a down payment of $9,000.

Question

Larry purchased a new combine that cost $220.500, minus a rebate of $2,500, a trade-in of $8,500, and a down payment of $9,000. 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.)

Kunduz · Accepted Answer

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