You borrowed 30000 from a loan shark he charges an annual, Finance Basics

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You borrowed 30000 from a loan shark he charges an annual

Question: You borrowed $30,000 from a loan shark. He charges an annual interest rate of 28.4 percent but requires you to make weekly payments and pay the loan off in full within one year. given these terms, how much is each weekly payment? Show your answer to the nearest dollar.

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