Stefan purchases a house valued at $420000. He saved a deposit of $63000, but he must borrow the rest of the money.

a) How much money does Stefan borrow? $$ = b) Stefan agrees to repay the loan over 24 years at 5.88% p.a. fixed interest compounded quarterly. Calculate his regular quarterly repayments. $$ = c) Calculate the total repayment made over the term of the loan. $$ = c) Calculate the total interest charged. $$

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