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Question 4 (Annuity) You take out a loan today to pay for refurbishments to your house. The loan requires you to make monthly repayments over

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Question 4 (Annuity) You take out a loan today to pay for refurbishments to your house. The loan requires you to make monthly repayments over the next 10 years. The cost of the refurbishments is 20,000. If the effective annual interest rate is 8%, what will vour monthly loan renayment ha

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