ZOE G.

asked • 07/13/19

How to determine interest and payment sizes?

Jennifer borrowed $3000 from the bank in order to buy a new jacuzzi. She will pay it off by equal payments at the end of each week for 4 years. The annual interest rate is 8.05%.

Determine the size of payments, and the total interest paid. 

Express your answers rounded to the nearest cent! 



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