Question
You want to borrow some money to pay for a motorbike. The maximum you can repay is $530 per month. The bike dealership offers a
You want to borrow some money to pay for a motorbike. The maximum you can repay is $530 per month. The bike dealership offers a fixed 19% p.a compounding monthly (with month-end repayments). If you take a loan for 4 years how much can you afford to borrow?
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Public Finance
Authors: Richard W. Tresch
2nd Edition
0126990514, 978-0126990515
