Question: The weekly payment on a 2-year loan at 9.6% compounded weekly is $307.82. Calculate the amount of the loan. Identify the appropriate formula needed

The weekly payment on a 2-year loan at 9.6% compounded weekly is

The weekly payment on a 2-year loan at 9.6% compounded weekly is $307.82. Calculate the amount of the loan. Identify the appropriate formula needed to calculate the amount of the loan. Select the correct choice below and fill in the answer boxes to complete your choice. (Type integers or decimals. Round to two decimal places as needed.)

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