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Payments. Cooley Landscaping Company needs to borrow $23,000 for a new front-end dirt loader. The bank is willing to loan the funds at 9.5% interest

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Payments. Cooley Landscaping Company needs to borrow $23,000 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 6 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 cent.)

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