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XYZ Corp owes $128,000 to a supplier. Since it does not have that amount available to make a full payment an agreement has been reached
XYZ Corp owes $128,000 to a supplier. Since it does not have that amount available to make a full payment an agreement has been reached to make equal weekly payments for one year (I.e. 52 payments) to pay off this accounts payable debt. At an APR of 4.8% what would be the weekly payments (to the n nearest dollar) necessary to pay off this debt?
$2,513
$2,704
$2,522
$2,580
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