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Question 4 Danny has invested in a project worth $68,000.00 which pays $955.00 at the beginning of every quarter.If interest is 2.4% compounded quarterly, how

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Question 4 Danny has invested in a project worth $68,000.00 which pays $955.00 at the beginning of every quarter.If interest is 2.4% compounded quarterly, how many years can Danny be paid for? - 10 marks Step 1. Define what type of Annuity in this question: 1 marks Step 2. Fill in blanks - the values: 3 marks ; M(i)= :i = M(pmt) ;PMT= PV = ; FV = Step 3. Formula and Calculation: 6 marks B I U = = S S 2 Question 5 Danny and Vivian are considering an investment in a resort that after 12 years will yield $5,215.00 at the end of each month indefinitely. Find the size of principal they should prepare if an alternative investment yields fx

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