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c) What is the future value of an ordinary annuity at the end of 5 years if $370 is deposited each month into an account

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c) What is the future value of an ordinary annuity at the end of 5 years if $370 is deposited each month into an account earning 2.4% compounded monthly? (5 marks) d) If $300,000 is to be saved over 25 years, how much should be deposited quarterly if the investment earns 8% interest compounded quarterly? (5 marks) e) Ryan bought a car with a down payment of RM 3,200 and payments of RM 650 per month for 10 years. If the interest rate is 3% compounded monthly, compute the purchase price of the car and the total interest paid. (9 marks)

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