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pliz help me to solve this questions.. and x=9% Question 1 (10 marks) Every 2 years Mrs Taliga deposits $2000 into a fund that pays
pliz help me to solve this questions.. and x=9% Question 1 (10 marks) Every 2 years Mrs Taliga deposits $2000 into a fund that pays interest at j2 = X% p.a. The first deposit is one her 53rd birthday and the last deposit is on her 65th birthday. Beginning 3 months after her 65th birthday and counting every 3 months thereafter, she withdraws equal amounts of $A, which will exactly exhaust the fund on her 79th birthday. Determine $A. Question 2 (10 marks) You take out an $80,000 mortgage at j2 = X% p.a. with a 25 year amortisation period. a. Determine the monthly payment required, rounded to 2 decimal places. b. Determine the reduced final payment c. Determine the total interest paid during the 4th year. d. At the end of4 years, you pay down an additional $2500 (no penalty), How sooner will the mortgage be paid off?
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