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Kubota Credit Tractor Financing
4 years ago
This is a correct calculation for me.
84 payments of 404.98
I made a mistake my total payout is 34k over 7 years, not 37k.
The present value of all this annuity payment is roughly 24K assuming a 10% interest rate.
So the real value of my purchase is 24K and 10K is interest spread over 7 years.
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