Turntable Industrial,Inc.owes your firm $138,600.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 payment?
A) $2,229.90
B) $2,318.11
C) $2,409.18
D) $2,599.04
E) $2,706.33
Correct Answer:
Verified
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