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26-04-2024
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(a) Consider the interest rate and compounding for two bank accounts. An investor wishes to invest Account A Interest rate per annum 4,40% Compounding daily Account B Interest rate per annum 5.50% Compounding quarterly.
(b) Determine yearly repayment for the loan below. Loan amount $ 40,000.00 Interest rate 1% Compounding daily Loan term 8 years.

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