a. (3):b. (4):

Present value with periodic rates. Cooley Landscaping needs to borrow $32,000 for a new front-end dirt loader. The bank is willing to loan the money at 10% interest for the next 5 years with annual, semiannual, quarterly, or monthly payments. What are the different payments that Cooley Landscaping could choose for these different payment plans? What is Cooley's payment for the loan at 10% interest for the next 5 years with annual payments? $ (Round to the nearest cent.) Future value with periodic rates. Matt Johnson delivers newspapers and is putting away $18 at the end of each month from his paper route collections. Matt is 12 years old and will use the money when he goes to college in 6 years. What will be the value of Matt's account in 6 years with his monthly payments if he is earning 6.5% (APR), 9% (APR), or 14% (APR)? What will be the value of Matt's account in 6 years with his monthly payments if he is earning 6.5% (APR)? $ (Round to the nearest cent.)