A loan of $10,000 is taken out today and is to be repaid over 2-years with weekly payments of $R at j₅₂ = 10.4%,first payment one week from today.What is R?

Name: A loan of $10,000 is taken out today and is to be repaid over 2-years with weekly payments of $R at j 52 = 10.4%,first payment one week from today.What is R?
Brand: Quizplus
Rating: 4.7 (68 reviews)

Question

Quizplus · Accepted Answer

The Answer of A loan of $10,000 is taken out today and is to be repaid over 2-years with weekly payments of $R at j₅₂ = 10.4%,first payment one week from today.What is R?

A Loan of $10,000 Is Taken Out Today and Is