Another client Jenny has been running a successful pet business for several years and now wants to offer a wider range of services. She secures a loan of $30,000, over 4 years and is being charged an interest rate of 7% compounded annually. She does not make any payments along the way. (a) Complete the table below to work out how much she will need to repay at the end of the four years (enter values to the nearest cent): principal 20,00 1 1 nterestpayable | | [ 0000 00000 | Endingbalance | | [ [ 0000 ] (b) Jenny later decides to extend the loan to 10 years. Use the basic compound interest formula to work out the Ending balance (Future Value) at the end of the ten years. Hint: Write down the components required for the formula before you do the calculation. ey [ How much will you need to pay (calculated) FV _ Student product assessment task Content is subject to copyright, 1975 words @) /) Focus |y