Question: Michael has obtained a loan that requires a $ 2 2 0 weekly ( 5 2 occurrences per year ) payment at a 1 0

Michael has obtained a loan that requires a $220 weekly (52 occurrences per year) payment at a 10% annual interest rate for two years.
a. The original loan amount is
[ Select ]
.
b. If he decides to pay the loan monthly, his monthly payment is
[ Select ]
.

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