Question: A computer was purchased by making a down payment of RM 2 , 0 0 0 and 2 4 monthly payments of RM 1 2

A computer was purchased by making a down payment of RM 2,000 and 24 monthly payments of RM 120 each. if the interest rate was 8% per annum on the reducing balance, calculate: (a) the installment price of the computer. (b) the cash price of the computer.

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