Question
I have arranged to borrow $11,000 from my parents toward a holiday. I will repay the loan over 6 years in equal year-end payments. If
I have arranged to borrow $11,000 from my parents toward a holiday. I will repay the loan over 6 years in equal year-end payments. If the interest rate is 8.8% p.a. compounding monthly, my annual repayment is (rounded to nearest dollar; dont include the $ sign or commas):
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Health Care Finance And The Mechanics Of Insurance And Reimbursement
Authors: Michael K. Harrington
2nd Edition
1284169030, 978-1284169034
