You agree to make weekly payments for 2 years the stated, Financial Management

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You agree to make weekly payments for 2 years the stated

1. Fast Eddie's Used Cars will sell you a 1999 Ford Van for your Food Drive program for $3,000 with no money down. You agree to make weekly payments for 2 years. The stated rate on the loan is 26% annually. How much is each payment?

2. Your bank offers a savings account with a 8.5% APR compounded weekly (52 weeks in the year). If you invest $1,000 in this account, how much will you have after 2 years?

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Financial Management: You agree to make weekly payments for 2 years the stated

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