Q2 A refrigerator which is listed at RM8,500 cash can be purchased on an instalment purchase...

 

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Q2 A refrigerator which is listed at RM8,500 cash can be purchased on an instalment purchase by making a 10% down payment. The balance has to be repaid by 18 monthly payments. The buyer has four (4) options to repay the balance. Option 1 2 3 4 Calculate (a) (b) Interest charged RM625.04 8% per annum simple interest 12% per annum using Constant Ratio method 12% compounded monthly using annuity method the instalment price for each/every option above, (13 marks) (CLO2:PLO2:C2)(CLO2:PLO7:C2) the monthly instalment for the best option in part (a). Why? (4 marks) (CLO2:PLO2:C4)(CLO2:PLO2:C4) Q2 A refrigerator which is listed at RM8,500 cash can be purchased on an instalment purchase by making a 10% down payment. The balance has to be repaid by 18 monthly payments. The buyer has four (4) options to repay the balance. Option 1 2 3 4 Calculate (a) (b) Interest charged RM625.04 8% per annum simple interest 12% per annum using Constant Ratio method 12% compounded monthly using annuity method the instalment price for each/every option above, (13 marks) (CLO2:PLO2:C2)(CLO2:PLO7:C2) the monthly instalment for the best option in part (a). Why? (4 marks) (CLO2:PLO2:C4)(CLO2:PLO2:C4)

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4 Solution cost of Refrigerator Down payment Leon arcount P T... View the full answer