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Sam borrowed $9,897 at an annual rate of 5.3%. If he will repay this debt weekly for 32 weeks, how much will each payment be?

Sam borrowed $9,897 at an annual rate of 5.3%. If he will repay this debt weekly for 32 weeks, how much will each payment be?

If the anwser is 87- can you explain how that came to be?

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