Welcome to Kokosing River Combine Dealership

Welcome to Kokosing River Combine Dealership! Your combine is all ready to be picked up and driven home, but there are a few things you'll need to take care of before you can leave.

The combine you are about to buy is a 1996 John Deere 9600 Contour Master. This combine is used, and the price is $100,000. If it were brand new, the price would be much higher. Because you do not have the money to buy such an expensive machine, you had to borrow the $100,000 from a bank. Including the interest rate that the bank charges you for borrowing their money, and the $100,000 itself, you will need to pay them back $115,000 over the next 20 years. On a piece of paper, calculate how much money you will have to pay to the bank each year to repay your loan. How much is that per month?

Enjoy your new combine!