Question: 6.13 - The Bridge Bar & Grill has a 7-year loan of $23 500 with Bankwest. It plans to repay the loan in7 equal instalments

6.13 - The Bridge Bar & Grill has a 7-year loan

6.13 - The Bridge Bar & Grill has a 7-year loan of $23 500 with Bankwest. It plans to repay the loan in7 equal instalments starting today. If the rate of interest is 8.4 per cent, how much will each repayment be worth?

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