Amirul borrowed RM40,000 in the form of education loan from ABC Bank. The payments are to...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Amirul borrowed RM40,000 in the form of education loan from ABC Bank. The payments are to be made in instalment basis at the end of year. The tenure of loan is for 8 years at an interest rate of 12% per annum. Determine the amount that Amirul will have to pay each year for 8 years? Amirul borrowed RM40,000 in the form of education loan from ABC Bank. The payments are to be made in instalment basis at the end of year. The tenure of loan is for 8 years at an interest rate of 12% per annum. Determine the amount that Amirul will have to pay each year for 8 years?
Expert Answer:
Answer rating: 100% (QA)
To determine the amount that Amirul will have to pay each year for 8 years we can us... View the full answer
Related Book For
Posted Date:
Students also viewed these finance questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
A bakery with a December 31 st year end purchased new equipment on October 31 st 2000 for $10,000. This was their first equipment purchase. Required: What are the tax consequences if the equipment is...
-
In five sentences or more answer the following question: Was Japanese Internment necessary to protect Americas national security? Why / why not?
-
A slender rod of mass m and length L is released from rest in the position shown and hits edge D. Assuming perfectly elastic impact (e = 1) at D, determine the distance b for which the rod will...
-
For the circuit in Figure 6.14, \(\beta=100, V_{A}=\infty, V_{C C}=10 \mathrm{~V}\), and \(R_{B}=50 \mathrm{k} \Omega\). (a) Determine \(V_{B B}\) and \(R_{C}\) such that \(I_{C Q}=0.5 \mathrm{~mA}\)...
-
Depletion is calculated in a manner similar to which depreciation method? a. Accelerated method b. Straight-line method c. Units-of-production method d. Double-declining-balance method
-
As of December 31, 2013, Post Company had total cash of $156,000, notes payable of $85,600, and common stock of $52,400. During 2014, Post earned $36,000 of cash revenue, paid $20,000 for cash...
-
schedule of its December 31 accounts receivable by age. Age of Accounts Receivable Not yet due 1 to 30 days past due Accounts Receivable $ 92,000 Expected Percent Uncollectible 1.00% 55,200 2.50% 31...
-
Corrie wants to earn a net operating income of $10,000 this month. She currently sells her product for $50 each, has $10 of variable expense per product, and incurs $5,000 of fixed expenses. How many...
-
The mean inter-arrival times of professors and students to a restaurant inside the campus is 4 and 2 minutes, respectively. There are two people serving the customers at the place where the foods are...
-
The following data is available for a four stroke petrol engine stroke volume \(=6\) Litres. Mean effective pressure \(=6\) bar. Speed of engine \(=750\) RPM. Calculate i.p. of the engine.
-
Explain the following terms related to I.C. engines : (a) Piston speed (b) Compression ratio (c) Brake power (d) Brake thermal efficiency
-
Determine the COP for a simple vapour compression refrigeration system.
-
What are the advantages of centrifugal pump over reciprocating pump?
-
Describe the working of (a) screw pump (b) vane pump (c) hydraulic jacts (d) hydraulic lift.
-
You are a senior auditor at Prague Partners on one of the firm's main clients, Grace Limited. Year end is 30 June 2022, the auditor's report was issued on 6 August and the financial statements are...
-
Express these numbers in standard notation. a. 2.87 10-8 b. 1.78 1011 c. 1.381 10-23
-
A wood cube 0.30 m on each side has a density of 700 kg/m3 and floats levelly in water. (a) What is the distance from the top of the wood to the water surface? (b) What mass has to be placed on top...
-
A 5.00-g pellet of aluminum reaches a final temperature of 63 oC when gaining 200 J of heat. What is its initial temperature?
-
A 10.0-F capacitor in a heart defibrillator unit is charged fully by a 10 000-V power supply. Each capacitor plate is connected to the chest of a patient by wires and flat paddles, one on either side...
-
A stepped bar, fixed at \(x=0\) and free at \(x=l\), has a cross-sectional area of \(2 A\) for \(0 \leq x
-
Estimate the fundamental frequency for the longitudinal vibration of a uniform bar fixed at \(x=0\) and free at \(x=l\) by assuming the mode shapes as (a) \(U(x)=c_{1}(x / l)\) and (b) \(U(x)=c_{1}(x...
-
Estimate the fundamental frequency of a fixed-fixed string, assuming the mode shape (a) \(W(x)=c_{1} x(l-x)\) and (b) \(W(x)=c_{1} x(l-x)+c_{2} x^{2}(l-x)^{2}\).
Study smarter with the SolutionInn App