Question: If you wish to save $ 4 0 0 , 0 0 0 in four years, how much would you need to deposit at the

If you wish to save $400,000 in four years, how much would you need to deposit at the start
of each quarter to achieve this goal assuming an interest rate of 6% compounded quarterly?
(4 marks)
Assume that you can get a loan from NCB for $800,000 for educational purposes. The loan
must be repaid in 36 equal monthly payments over a three-year period. The annual interest
rate on the loan is 24 percent on the unpaid balance. How large are the monthly payments?
(4 marks)
If you wish to save $400,000 in four years, how much

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