Present value with periodic

rates.Cooley Landscaping needs to borrow $25,000 for a new front-end dirt loader. The bank is willing to loan the money at 10% interest 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?

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Part 1

What is Cooley's payment for the loan at

10% interest for the next 7 years with annual payments?

$enter your response here

(Round to the nearest cent.)

Part 2

What is Cooley's payment for the loan at 10% interest for the next 7 years with semiannual payments?

$enter your response here

(Round to the nearest cent.)

Part 3

What is Cooley's payment for the loan at 10% interest for the next 7 years with quarterly payments?

$enter your response here

(Round to the nearest cent.)

Part 4

What is Cooley's payment for the loan at 10% interest for the next 7 years with monthly payments?

$enter your response here

(Round to the nearest cent.)