What is the annual payment on this loan for cooley, Financial Management

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What is the annual payment on this loan for cooley

Cooley Landscaping Company needs to borrow $20,000 for a new front-end dirt loader. The bank is willing to loan the funds at 9.5 % interest with annual payments at the end of the year for the next 88 years. What is the annual payment on this loan for Cooley Landscaping?

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Financial Management: What is the annual payment on this loan for cooley

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Financial Management: What is the annual payment on this loan for cooley

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