Question: PLEASE DO NOT USE EXCEL TO SOLVE THIS QUESTION. THANK YOU! b. Encik Azam pledged his property valued at RM1,250,000. The bank approved the .

PLEASE DO NOT USE EXCEL TO SOLVE THIS QUESTION. THANK YOU!

PLEASE DO NOT USE EXCEL TO SOLVE THIS QUESTION. THANK YOU!

b. Encik Azam pledged his property valued at RM1,250,000. The bank approved the . overdraft facility with 60% of the property. The interest rate given is Base Lending Rate (BLR) + 1.6%. Assume BLR = 6.4% and commitment fee is 1%. On July 1st 2017, Encik Azam has a beginning balance of RM450,000. He issued a cheque in the value of RM200,000 on July 10th i. Calculate the interest rate on the overdraft facility for the month of July 2017. (5 marks) ii. Calculate the commitment fee for the month of July 2017. (6 marks) b. Encik Azam pledged his property valued at RM1,250,000. The bank approved the . overdraft facility with 60% of the property. The interest rate given is Base Lending Rate (BLR) + 1.6%. Assume BLR = 6.4% and commitment fee is 1%. On July 1st 2017, Encik Azam has a beginning balance of RM450,000. He issued a cheque in the value of RM200,000 on July 10th i. Calculate the interest rate on the overdraft facility for the month of July 2017. (5 marks) ii. Calculate the commitment fee for the month of July 2017. (6 marks)

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