A loan of 344,000 is to be repaid in 20 years by month-end repayments starting in one month. The interest rate is 6.2% p.a. compounded monthly. Calculate the principal paid in Year 6. (between the end of month 60 and the end of month 72). Correct your answer to the nearest cent without any units. (Do not use "$" or " in your answer. e.g. 12345.67) (Hint: you can use Excel to find the answer.) Answer: Linda will make month-end deposits of 5,000 for 6 years staring in one month. She earns an interest rate of 2.5% p.a. compounded monthly for the first 2 years and 6.4% p.a. compounded monthly thereafter. How much will she have in 6 years? Correct your answer to the nearest cent without any units. (Do not use "s" or "" in your answer. e.g. 12345.67)