What is the amount of each weekly payment

Reference no: EM13273513

Turntable Industrial, Inc. owes your firm $138,600 today. This amount is seriously delinquent so your firm has offered to arrange a payment plan in the hopes that it might at least collect a portion of this receivable. Your firm's offer consists of weekly payments for one year at an interest rate of 3 percent. What is the amount of each weekly payment?

The choices are: $2229.90, $2318.11, $2409.18, $2599.04, or $2706.33

Reference no: EM13273513

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