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QUESTION 4 Ashleigh has taken out a loan of $30,000 and is now required to make payments of $470 at the end of each month.

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QUESTION 4 Ashleigh has taken out a loan of $30,000 and is now required to make payments of $470 at the end of each month. The interest rate that she is being charged is 2.75% compounded quarterly? a) Determine the number of payments she will need to make to pay off the loan? b) What time frame does this represent in years? a) payments b) years

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