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Cooley landscaping needs to borrow 30000 for a new

Cooley Landscaping needs to borrow $30,000 for a new front-end dirt loader. The bank is willing to loan the money at 8.5% interest for the next ten years with annual, semiannual, quarterly, or monthly payments. What are the different payments that Cooley Landscaping could choose for these different payment plans?

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Finance Basics: Cooley landscaping needs to borrow 30000 for a new

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