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!