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A borrower is repaying his loan of $275000 at 4.5% p.a. interest rate repaid and compounded four-weekly The payments have been set to $1305 per

A borrower is repaying his loan of $275000 at 4.5% p.a. interest rate repaid and compounded four-weekly

The payments have been set to $1305 per 4 weeks.

Calculate the amount of the last repayment:

Answer: $Answer

Hence, calculate the total cost (repayment) of the loan:

Answer: $Answer

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