Question: Please help me . Please help me .. Please help me .. Please i will upvote for you QUESTION 3 Mr Kasim and his wife
Please help me . Please help me .. Please help me .. Please i will upvote for you

QUESTION 3 Mr Kasim and his wife Mrs Salamah is the CEO and founder for A GO GO Express. They wanted to buy a nice house nearby Puncak Alam as a retirement house. He has been eyeing a project by well-known developer and the cost of the house is RM 1.45 million. The house build up is up to 3,086 sqft with Victorian concept design and comes with an extraordinary 25ft back garden. The project is going to be completed in 6 years' time. Instead placing 10 % as down payment you, a banker, advise them to place at least 20 % as down payment to get a better financing rate. Mr Kasim and his wife agree to your suggestion and wish to place a 20 % as a down payment from the selling price and plan to save up some money for 3 years at the bank at 6.5 % interest annually. Since Mr Kasim place 20 % as down payment for the house, the bank agreed to give him 4.5 % annually for 25-years. Mr Kasim still a bit concern with the monthly instalment and ask you to advise him on the payment scheme available at the bank. You offered Mr Kasim to take the latest housing loan product that offered amortized loan scheme. You are required to: (a) Calculate the amount Mr Kasim need to save every year to achieve 20 % of the down payment (b) Prepared an amortization table for Mr Kasim for the first SIX (6)-month
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