Question 7 A $5,000 short-term loan was received on September 3 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 al 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 8ih 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 30