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Handwrite all your answers and show clear and detailed workings for all questions below. Question 2 (10 marks) Answer parts a), b), c) and d)

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Handwrite all your answers and show clear and detailed workings for all questions below. Question 2 (10 marks) Answer parts a), b), c) and d) based on the information provided below. Nelson took out a 25-year home loan of $500,000. He made equal month-end repayments at the interest rate of 6% p.a. compounded monthly a) How much should Nelson repay at the end of each month to pay off the loan on time? Round your answer to the nearest cent. (2 marks)

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