Question: Cooley Landscaping Company needs to borrow $ 2 2 comma 0 0 0 2 2 , 0 0 0 for a new front - end

Cooley Landscaping Company needs to borrow
$22 comma 00022,000
for a new front-end dirt loader. The bank is willing to loan the funds at
8.58.5%
interest with annual payments at the end of the year for the next
77
years. What is the annual payment on this loan for Cooley Landscaping?

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