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please answer fast 7. Kelly takes out a home loan of $350.000 over 20 years at an interest rate of 6% p.. a) Use Table
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7. Kelly takes out a home loan of $350.000 over 20 years at an interest rate of 6% p.. a) Use Table A in the Appendix to find the monthly repayment b) How much is paid back altogether for this loan? c) How much interest was paid? 8. To provide for the purchase of a car, Alexis deposits $1200 at the end of every quarter into an account earning 12% pa compounded quarterly. a) How much does Alexis have at the end of four years? b) How much more does she need to save before she can buy a car costing $25 000? c) Will she have enough for this car if she saves for four and a half years Step by Step Solution
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