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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

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 7% 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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