A $5,000 short-term loan was received on September 3rd 2021. This loan is scheduled to be...

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A $5,000 short-term loan was received on September 3rd 2021. This loan is scheduled to be repaid as nine uniform weekly payments. A grace period is granted for 5 weeks during which no repayments are required. The first repayment took place on October 15th and should continue for 8 more weekly payments. a] Create a cash flow diagram of the loan showing both the money received as loan and, in symbols, money paid back to the lender (R/week). b] What is the weekly payment if the contract says that the nominal interest rate on this loan is 30% compounded daily? In this part, please assume that the 5-week grace period is interest-free. That is, the value of time during the grace period is zero. Starting from October 8th midnight, the time value of money follows the contract. c] How much would the weekly payment be had the grace period not been interest free? That is, imagine now that time value of money follows the contract from September 3rd. A $5,000 short-term loan was received on September 3rd 2021. This loan is scheduled to be repaid as nine uniform weekly payments. A grace period is granted for 5 weeks during which no repayments are required. The first repayment took place on October 15th and should continue for 8 more weekly payments. a] Create a cash flow diagram of the loan showing both the money received as loan and, in symbols, money paid back to the lender (R/week). b] What is the weekly payment if the contract says that the nominal interest rate on this loan is 30% compounded daily? In this part, please assume that the 5-week grace period is interest-free. That is, the value of time during the grace period is zero. Starting from October 8th midnight, the time value of money follows the contract. c] How much would the weekly payment be had the grace period not been interest free? That is, imagine now that time value of money follows the contract from September 3rd.

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a Cash flow diagram apache Copy Sep 3 2021 5000 Loan received Oct 15 2021 R First repayment Oct 22 2... View the full answer