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Payments. Cooley Landscaping Company needs to borrow $20.000 for a new front-end dirt loader. The bank is willing to loan the funds at 8.5% interest

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Payments. Cooley Landscaping Company needs to borrow $20.000 for a new front-end dirt loader. The bank is willing to loan the funds at 8.5% interest with annual payments at the end of the year for the next 9 years. What is the annual payment on this loan for Cooley Landscaping? What is the annual payment on this loan for Cooley Landscaping? (Round to the nearest cont.)

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