1. Vehicle loan is RM85,000, repayment for 7 years, interest rate 4% per annum. The monthly payment is

a. 1540

b. 1295

c. 1358

d. 1278

e. 1246

2. Present Value is RM1000, interest rate is 4% per year, after 5 years, Future Value is

a. RM1,280

b. RM1,217

c. RM1,248

d. RM1,782

e. RM1,520

3. Deposit every month is RM 500, interest rate is 4% per year, FV Annuity in year 5 is

a. RM34,180

b. RM35,220

c. RM33,149

d. RM36,458

e. RM33,885

4. Deposit every month is RM 500 for 8 years, interest rate is 4% per year, PV Annuity is

a. RM41,148

b. RM41,280

c. RM43,779

d. RM41,020

e. RM42,550

5. Current house price is $300,000, interest rate is 4% per year, loan tenure is 20 years. Monthly instalment is

a. RM1,822

b. RM1,898

c. RM1,866

d. RM1,880

e. RM1,818

6. You can afford a monthly payment of RM1,000 per month. If the interest rate is 4% per year, the loan period is 20 years, the price of the house you can afford is around

a. RM165,000

b. RM150,000

c. RM148,000

d. RM170,000

e. RM178,000

Answer rating: 100% (QA)

The detailed answer for the above question is provided below 1The monthly payment for a vehicle loan of RM85000 with an interest rate of 4 per annum f... View the full answer