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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 9% interest

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 9% interest with annual payments at the end of the year for the next 10 years. What is the annual payment on this loan for Cooley Landscaping? What is the annual payment on this loan for Cooley Landscaping?

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