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Calculate the size of the level monthly repayment needed in order to fully repay the loan by 1 July 2051. Give your answer to the

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Calculate the size of the level monthly repayment needed in order to fully repay the loan by 1 July 2051. Give your answer to the nearest cent, and do NOT include a dollar sign. Answer: The first repayment of the loan occurs on 1 August 2021, and the final repayment occurs on 1 July in the "final year" as above. For each formula named below, select the corresponding valuation date (i.e. the point in time when the formula lands you) FV ordinary annuity Choose... > PV annuity due Choose... FV annuity due Choose... > PV ordinary annuity Choose... PV annuity due Choose... FV annuity due Choose... > PV ordinary annuity Choose...

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