Jessica borrowed $3000 from the bank in order to buy a new piano. She will pay...
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Jessica borrowed $3000 from the bank in order to buy a new piano. She will pay it off by equal payments at the end of each week for 2 years. The interest rate is 5% compounded weekly. Determine the size of payments, and the total interest paid. Jessica borrowed $3000 from the bank in order to buy a new piano. She will pay it off by equal payments at the end of each week for 2 years. The interest rate is 5% compounded weekly. Determine the size of payments, and the total interest paid.
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