Question: Mr. Chan has to pay for a loan with equal payments of $200 at the beginning of each week for 10 years. If the interest

Mr. Chan has to pay for a loan with equal payments of $200 at the beginning of each week for 10 years. If the interest rate is 10% p.a. compounded weekly and assuming that there are 52 weeks in a year, calculate: (a) the total amount repaid, (b) the present value of the loan (correct to 2 decimal places), (c) the total amount of interest paid (correct to 2 decimal places).

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