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SBC Inc. owes your firm $70,000. This amount is seriously delinquent so your firm has offered to arrange a payment plan in the hopes that

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SBC Inc. owes your firm $70,000. This amount is seriously delinquent so your firm has offered to arrange a payment plan in the hopes that it might collect this receivable. Your firm's offer consists of weekly payments for one year at an interest rate of 3 percent. What is the amount of each payment? $1,766.28 O $2,675.20 $1.366.84 None of the answers is correct. O $1,386.54

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