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Cooley Landscaping Company needs to borrow $ 3 0 , 0 0 0 for a new front - end dirt loader. The bank is willing
Cooley Landscaping Company needs to borrow $ for a new frontend dirt loader. The bank is willing to loan the funds at interest with annual payments at the end of the year for the next ten years. The loan is fully amortized, ie the loan will be fully paid off at the end of year ten. What is the annual payment on this loan for Cooley Landscaping? Round your answer to the nearest dollar. NOTE: do NOT include the dollar sign in your answer.
Cooley Landscaping Company needs to borrow $ for a new frontend dirt loader. The bank is willing to loan the funds at interest with annual payments at the end of the year for the next ten years. The loan is fully amortized, ie the loan will be fully paid off at the end of year ten. What is the annual payment on this loan for Cooley Landscaping? Round your answer to the nearest dollar. NOTE: do NOT include the dollar sign in your answer.
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