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Hi mtr. I'm sorry to hear that you and your former employer have finally parted ways. I hope, though, that there is some relief in not having it hanging over your head anymore.

You and your dad should work out terms that are acceptable to both of you. One of the easiest ways to figure out interest is just to look at the interest rates for personal loans in your area. Here is a link to a PNC bank site that lists them.

The rates can be quite high for small sums of money, though. Another reasonable comparison point could be the auto loan rates in your area. That would be a good set of starting discussion points, and then see what your dad wants to do.

ThyPeace, checking in after far too long.
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