Question: Answer in System.is incorrect I borrowed $30,000 which I will have to pay off in 5 years together with interest. Interest accumulates at an effective

Answer in System.is incorrect

I borrowed $30,000 which I will have to pay off in 5 years together with interest. Interest accumulates at an effective rate of 10.33%. a) How much in total will I need to pay off this loan when it comes due? b) How much should I deposit to a sinking fund each month to be able to pay off this loan, assuming that my account pays 3.68% compounded monthly

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