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Danny is planning to repay a loan by putting monthly payments of $335.00 for the next 4 years. If the interest rate is 10.4% compounded

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Danny is planning to repay a loan by putting monthly payments of $335.00 for the next 4 years. If the interest rate is 10.4% compounded quarterly find the size of interest - 10 marks Step 1. Define what type of Annuity in this question: 1 mark Step 2. Fill in blanks - the values: 3 marks = m = CH no PMT= PV = FV = Step 3. Formula and Calculation: 6 marks Danny is planning to repay a loan by putting monthly payments of $335.00 for the next 4 years. If the interest rate is 10.4% compounded quarterly find the size of interest - 10 marks Step 1. Define what type of Annuity in this question: 1 mark Step 2. Fill in blanks - the values: 3 marks = m = CH no PMT= PV = FV = Step 3. Formula and Calculation: 6 marks

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