Question
6.13 - The Bridge Bar & Grill has a 7-year loan of $23 500 with Bankwest. It plans to repay the loan in7 equal instalments
6.13 - The Bridge Bar & Grill has a 7-year loan of $23 500 with Bankwest. It plans to repay the loan in7 equal instalments starting today. If the rate of interest is 8.4 per cent, how much will each repayment be worth?
Is this right?
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Personal Financial Planning
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
14th edition
978-1305887725, 1305887727, 1305636619, 978-1305636613
