Question
You have borrowed $4670 from you dad to purchase a second-hand car and have agreed to re-pay your dad a lump sum amount in five
You have borrowed $4670 from you dad to purchase a second-hand car and have agreed to re-pay your dad a lump sum amount in five years time with interest being charged at a rate of 4.88% p.a., compounded daily. What amount will you pay your dad in five years time?
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Corporate Finance Core Principles and Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford
3rd edition
978-0077971304, 77971302, 978-0073530680, 73530689, 978-0071221160, 71221166, 978-0077905200
