question archive I have arranged to borrow $11,000 from my parents toward a holiday
I have arranged to borrow $11,000 from my parents toward a holiday
Subject:FinancePrice: Bought3
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; don’t include the $ sign or commas):
