Decide the best deal based on the following offers you get for a refrigerator. Hitachi Japan...
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Decide the best deal based on the following offers you get for a refrigerator. Hitachi Japan Inverter 700L 4-doors Fridge SHOP A Cash price of RM5350 10% down payment INVERTER Dual Fan Cooling 0 Ma 6000 DESIGN 10 Interest charged is 11% based on reducing balance Cash price of RM5680 0% down payment Term of payment: monthly instalments for 2 years SHOP B Interest charged is 8% based on original balance Term of payment: monthly instalments for 30 months. (a) Calculate the total interest charged for both offers. (b) Find the instalment price for each product. (c) Which Shop will you choose, and give reason? Decide the best deal based on the following offers you get for a refrigerator. Hitachi Japan Inverter 700L 4-doors Fridge SHOP A Cash price of RM5350 10% down payment INVERTER Dual Fan Cooling 0 Ma 6000 DESIGN 10 Interest charged is 11% based on reducing balance Cash price of RM5680 0% down payment Term of payment: monthly instalments for 2 years SHOP B Interest charged is 8% based on original balance Term of payment: monthly instalments for 30 months. (a) Calculate the total interest charged for both offers. (b) Find the instalment price for each product. (c) Which Shop will you choose, and give reason?
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a To calculate the total interest charged for both offers we need to calculate the interest for each ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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