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10. Dylan, a hair stylist, has decided to open a home business but needs a loan to renovate. The cost of renovations will include materials,

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10. Dylan, a hair stylist, has decided to open a home business but needs a loan to renovate. The cost of renovations will include materials, labour, and equipment. He wants to pay off the loan in 5 years by paying no more than $80 at the end of every week. If the bank offers him an interest rate of 9.5%, compounded weekly, how much can Dylan borrow? 11. Paul wants to buy a new car for $17 899. The dealership has offered him $2000 for his old car and has agreed to finance a loan at 2.1%, compounded semi-annually, for 4 years. a) What would Paul's payment be semi-annually? b) Create an amortization table for the loan. When will he have paid off half of the loan? c) How much interest will Paul end up paying altogether? 0001 co

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