10. Joyce purchased a car listed at RM60,000 from Cheap Car Ltd through a hire purchase...
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10. Joyce purchased a car listed at RM60,000 from Cheap Car Ltd through a hire purchase agreement in which she had to pay RM20,000 down payment and 20 monthly instalments of RM2,266.67 each. After nine months of payment defaults, the car was legally repossessed and sold for RM20,000. Find the amount of refund that she would receive from the company or the amount of money she would have to pay to the company. 10. Joyce purchased a car listed at RM60,000 from Cheap Car Ltd through a hire purchase agreement in which she had to pay RM20,000 down payment and 20 monthly instalments of RM2,266.67 each. After nine months of payment defaults, the car was legally repossessed and sold for RM20,000. Find the amount of refund that she would receive from the company or the amount of money she would have to pay to the company.
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Related Book For
South-Western Federal Taxation 2020 Comprehensive
ISBN: 9780357109144
43rd Edition
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
Posted Date:
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