Present value with periodic rates. Cocley Landscaping needs to borrow $30.000 for a new fronteend dirt loader. The bank is willing to loan the money at 8.5% interest for the rext 7 years with annual, semiannual, quarterty, or monthly payments. What are the dillerent payments that Cooley Landscaping could choose for these diElerent psyment plans? What is Cooley's payment tor the loan at 85% interest for the next 7 yearn with annual payrents? (Round to the nearest cart.)