Present value with periodic ratet Sam Hnos a local de is going to model the dental reception and add two sons. He has contacted A Decad the new equpment and cabinetry of $22.000. The purchase be franced with interest rate of your What Some to pay for this time if the local tropement per year and payment (2 per year? Comore the amul cash outlous of the paper. Why do the weeky paper on have beetal Chaufwachy Round to the eart) Present value with periodic rates. Sam Hinds, a local dentist, is going to remodel the dental reception area and add two new workstations. He has contacted A-Dec, and the new equipment and cabinetry will cost $22,000. The purchase will be financed with an interest rate of 9.5% loan over 6 years. What will Sam have to pay for this equipment if the loan calls for quarterly payments (4 per year) and weekly payments (52 per year)? Compare the annual cash outflows of the two payments. Why does the weekly payment plan have less total cash outflow each year? What will Sam have to pay for this equipment if the loan calls for quarterly payments (4 per year)? (Round to the nearest cent.)