*A TV costing £800 pounds is paid by equal payments made at the end of the week for three years. Assume that there are 52 weeks in a year. The shop uses an interest rate of 29.9% per year. (a) Compute the weekly payment. (b) For the first payment, compute how much is used to pay interest and how much to pay off the loan. (c) You should have found that the interest component of the first payment is larger than the component used to pay off the loan. Which is the first payment where the interest component is smaller than the component used to pay off the loan?

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