(PLEASE SHOW ALL WORK AND VALUES)

(PLEASE SHOW ALL WORK AND VALUES)

27) Cooley Landscaping Company needs to borrow $30,000 for a new front-end dirt loader. The bank is willing to loan the funds at 8.5% interest with annual payments at the end of the year for the next ten years. The loan is fully amortized, i.e., the loan will be fully paid off at the end of year ten. What is the annual payment on this loan for Cooley Landscaping? 28) 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 S 18,000. A-Dec will finance the equipment purchase at 7.5% over a six-year period. What will Hinds have to pay in annual payments for this equipment