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QUESTION 4 10 points Save Answer You are 35 and you are purchasing your first home. You would like to work only part time and
QUESTION 4 10 points Save Answer You are 35 and you are purchasing your first home. You would like to work only part time and live a minimalistic lifestyle. You found the perfect tiny house with a large community garden in Moolloollaba. The house costs $130,000, and you have saved $50,000. If you take out a 20-year loan for the remaining amount, and the bank charges an interest rate of 4% p.a. compounded monthly, what are your monthly payments? 302.99 787.77 424.19 429.23 QUESTION 5 10 points Save Answer Angelina Jolie set up a Energy Poverty fund that helps developing countries get access to clean energy. There is $4 million in the fund, of which each year a fixed amount is paid in perpetuity. If the fund earns a 5% interest rate p.a. compounded yearly, how much is available to withdraw each year for clean energy projects? 200,000 800,000 240,000 16,666.67
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