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Year 12 Maths Standard 2 Annuities

Use of Annuities

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Questions
Question 1
16237

Lucy takes out a car loan for $50000 at an interest rate of 8% p.a compound interest. She agrees to pay a regular annual payment of $12000. From the table above what are the values of \(x,y\) and \(z\)?

\(x=$3360, y=$8640, z=$33360\)

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