Question: ( 1 0 pts ) . You purchase a new tractor for $ 2 1 4 , 0 0 0 and you expect that it

(10 pts). You purchase a new tractor for $214,000 and you expect that it will increase your productivity enough
to earn you $8,500 per month. The manufacturer has informed you that there is a maintenance cost for this
machine of $1,095 after the first month, which increases by $15 every month thereafter. How long will it take
for you to break even for this investment? Assume an APR of 1% compounded monthly and no salvage value. Please solve without excel.
(10 pts). You purchase a new tractor for $214,000 and you

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