2.7 ng the remainder of the amount over a 48-month period at an interest rate of 10,5% per annum, compounded monthly. Calculate Paul's monthly repayments. (2) A father needs to make a payment of R90 000 ten years from now in order to pay for his daughter's tertiary education. How much will he need to invest today to meet his first tuition goal if the investment earns 8% annually, compounded monthly? (2) A couple plans to set aside R2 000 per month in a conservative portfolio projected to earn 7% a year, compounded monthly. If they make their first savings contribution at the end of the month, how much will they have at the end of the 20 years? (2) 2.8 2.9 Sam just bought a new house with a bond worth R1 000 000. If Sam has to pay back R9 650,21 every month over the next 20 years at an interest rate of 10% per year, compounded monthly, how much, in total, would Sam have paid the bank at the end of 20 years? (2) 2.10 What is the difference between the future value of R80 500 invested over a 15-year period at 8% interest compounded annually, and 8% interest compounded quarterly? (2)