The bank is willing to loan the funds at 8 interest with


Cooley Landscaping Company needs to borrow $23,000 for a new front-end dirt loader. The bank is willing to loan the funds at 8% interest with annual payments at the end of the year for the next 10 years. What is the annual payment on this loan for Cooley Landscaping?

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Finance Basics: The bank is willing to loan the funds at 8 interest with
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