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Note: round your answers to 2 decimal places. Do not put $ in your answer. Ignore commas in expressions like 10,000 etc... Phuc took out

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Note: round your answers to 2 decimal places. Do not put $ in your answer. Ignore commas in expressions like 10,000 etc... Phuc took out a 30-year $900,000 home loan five years ago at an interest rate of 4.5% per annum, compounded monthly. The loan Phuc to make regular end-of-month repayments where the first repayment started a month after the loan was granted. a) Calculate the monthly repayment. [2 marks] b) Calculate the principal repayment in the second month after the loan was taken. [2 marks] c) What is the outstanding balance of the loan today? [2 marks) d) After the 60th payment, Phuc asked the bank to freeze his repayments while he was looking for another job due to COVID. The ba agreed to give Phuc a 9-month freeze on repayments; however, interest still accrues during the repayment freeze period. Phuc is con that he will be able to find a job very soon and he still wants to fully repay the loan at the original date, what will his new monthly repay be when he recommences payments in 9 months' time? [2 marks]

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