Present value with periodic rates. Cooley Landscaping needs to for the next 7 years with annual, semiannual, quarterly, or monthly payments. What are the different payments that Cooley Landscaping could choose for these different payment plans? $26,000 for a new front-end dirt loader. The bank is willing to loan the money at 7% inte what is Cooley's payment for the loan at 7% interest for the next 7 years with annual payments? (Round to the nearest cent)