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e) Assume that Alice has achieved her goal of $25 000 as a deposit and now she wants to purchase a car which costs $45

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e) Assume that Alice has achieved her goal of $25 000 as a deposit and now she wants to purchase a car which costs $45 000. Her plan is to pay $25 000 in cash and finance the balance over three (3) years at an interest rate of 3.5%. What will be her monthly payment? (2 marks) f) At the end of this year, Alice will receive a fixed income of $10,000 each year forever. If the required rate of return is 14%, what is the present value of this income flow? (1 mark)

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