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1. Farmer Joe at Autumn Mist Farms needs to purchase a new tractor to mow and seed his farm. The total purchase price, including delivery, is $8, 674. After his down payment and financing for 30 months, Joe will pay $300 per month, and he will incur $2, 308.31 in finance charges. Calculate Joe's downpayment for the tractor. O $1, 982.31 O $300.00 O $6, 365.69 O $9, 000.00

1. Farmer Joe at Autumn Mist Farms needs to purchase a new tractor to mow and seed his farm. The total purchase price, including delivery, is $8, 674. After his down payment and financing for 30 months, Joe will pay $300 per month, and he will incur $2, 308.31 in finance charges. Calculate Joe's downpayment for the tractor. O $1, 982.31 O $300.00 O $6, 365.69 O $9, 000.00

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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1. Farmer Joe at Autumn Mist Farms needs to purchase a new tractor to mow and seed his farm. The total purchase price, including delivery, is $8, 674. After his down payment and financing for 30 months, Joe will pay $300 per month, and he will incur $2, 308.31 in finance charges. Calculate Joe's downpayment for the tractor. $1, 982.31 $300.00 $6, 365.69 $9, 000.00
Transcribed Image Text:1. Farmer Joe at Autumn Mist Farms needs to purchase a new tractor to mow and seed his farm. The total purchase price, including delivery, is $8, 674. After his down payment and financing for 30 months, Joe will pay $300 per month, and he will incur $2, 308.31 in finance charges. Calculate Joe's downpayment for the tractor. $1, 982.31 $300.00 $6, 365.69 $9, 000.00
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