| December 10, 2015

Cooley landscaping needs to borrow $34,000 for a new front-end dirt loader. The bank is willing to loan the money at 9% 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 3 different payments plans?

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cost of capital
linear programming

Category: Finance

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