What is the final payment of a demand loan of $12,000 at 13% p.a. simple interest, if

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What is the final payment of a demand loan of $12,000 at 13% p.a. simple interest, if $2000 was repaid in 2 months, another $4000 was repaid in 6 months, and the final payment to clear the loan is due in 8 months?

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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