Yah.....I manged to mix weekly and MONTHLY payments ....here is my corrected:
Present value of ordinary annuity
PV = C * ( 1-(1+i)-n ) /i i = .0279 / 52 n = 8 yr * 52 wks = 416 PV = 28250 find 'C'
C = payments = $ 75.787
Total payments = 416 * 75.787 = $ 31527.43 interest = 31527.4 - 28250 = $ 3277.43