A 10-year loan is to be repaid by quarter-end repayments of 10,000 starting in 3 months at an interest rate of 6.6% p.a. compounded quarterly. Or, it can be repaid by year-end repayments of $X staring in one year. Calculate the yearly repayments $X. Correct your answer to the nearest cent without any units. (Do not use "$" or "" in your answer. e.g. 12345.67) Answer: A trust fund pays $ 48,000 each year-end in perpetuity. If the trust earns 9.4% per annum, compounding annually, the value of the trust fund today is closest to (to the nearest whole dollar; don't use the $ sign or comma separators)