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SECTION A Note : Attempt all questions. Each question carries 3 marks. (15M) 1. Sheila deposits $4000 at the end of every six months into

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SECTION A Note : Attempt all questions. Each question carries 3 marks. (15M) 1. Sheila deposits $4000 at the end of every six months into an account that pays 6% p.a., compounded half yearly. If she does this for four years, how much will be in the account after the last deposit has been made? 2. What is the present value of a 4-year annuity, if the annual interest is 5%, and the annual payment is $10007

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