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I have arranged to borrow $12,000 from my parents toward a holiday. I will repay...

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Finance

I have arranged to borrow $12,000 from my parents toward a holiday. I will repay the loan over 4 years in equal year-end payments. If the interest rate is 15.0% p.a. compounding monthly, my annual repayment is (rounded to nearest dollar; dont include the $ sign or commas)

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