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QUESTION
High Risk Operations, Inc. owes your firm $52,800.
High Risk Operations, Inc. owes your firm $52,800. This amount is delinquent so you have offered to arrange a payment plan in the hopes that you might at least collect a portion, if not all, of this money. Your offer will consist of weekly payments for two years at an interest rate of 4 percent, What is the amount of each payment?
