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Pancho's new big screen TV costs $2,649.99. Pancho will pay for his TV with 2 years of level bi-weekly payments (at the end of each

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Pancho's new big screen TV costs $2,649.99. Pancho will pay for his TV with 2 years of level bi-weekly payments (at the end of each period), except the last one will be a balloon payment of $91.71. The interest rate is i(2) = 8.95%. How much are his level payments? = a. $56 b. $55 C. $57 d. $50 e. $54 Certainty : C=1 (Unsure: 67%) C=3 (Quite sure: > 80%)

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