Question
1. Mr A borrows R100 000 from Bank ABC. The bank charges Mr A a fixed interest rate of 12% for this loan. How many
1. Mr A borrows R100 000 from Bank ABC. The bank charges Mr A a fixed interest rate of 12% for this loan. How many months will it take for Mr A to settle the loan if he agrees to repay a monthly amount of R1 500?
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Public Finance In Theory And Practice
Authors: Holley Ulbrich
1st Edition
0324016603, 978-0324016604
