Question: Present value with periodic rates. Cooley Landscaping needs to borrow $26,000 for a new front-end dirt loader. The bank is willing to loan the money

Present value with periodic rates. Cooley Landscaping needs to borrow $26,000 for a new front-end dirt loader. The bank is willing to loan the money at 10% 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? What is Cooley's payment for the loan at 10% interest for the next 7 years with annual payments? S5340.54 (Round to the nearest cent) What is Cooley's payment for the loan at 10% interest for the next 7 years with semiannual payments? $ 2626 62 (Round to the nearest cent) What is Cooley's payment for the loan at 10% interest for the next 7 years with quarterly payments? $ 1302 29 (Round to the nearest cent) What is Cooley's payment for the loan at 10% interest for the next 7 years with monthly payments? (Round to the nearest cent)

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