Question Let's say you have been working in a medium sized private company for a few years and due to the current pandemic, the company is planning to restructure by down sizing its human capital You intend to take this opportunity to pursue further study by enrolling in an MBA programme that requires RM40,000 in order to study full time As you still do not have much savings and after giving some careful thought, you decided to get a loan from a bank Assuming the bank will only lend you 90 of the MBA Programme fee, calculate the monthly installment payment for a repayment term of 5 years with an interest of 4 Is there any other cost involved show the amortization table and show all your calculation for the first year Supposed the bank required you to provide a guarantor to support your credit worthiness in securing your loan application What is a guarantor and who can be your guarantor What is the liability of a guarantor

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Question: Question Let's say you have been working in a medium-sized private company for a few years and due to the current pandemic, the company is

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Let's say you have been working in a medium-sized private company for a few years and due to the current pandemic, the company is planning to restructure by down-sizing its human capital. You intend to take this opportunity to pursue further study by enrolling in an MBA programme that requires RM40,000 in order to study full-time. As you still do not have much savings and after giving some careful thought, you decided to get a loan from a bank.

Assuming the bank will only lend you 90% of the MBA Programme fee, calculate the monthly installment payment for a repayment term of 5 years with an interest of 4%. Is there any other cost involved? show the amortization table and show all your calculation for the first year

Supposed the bank required you to provide a guarantor to support your credit-worthiness in securing your loan application. What is a guarantor and who can be your guarantor? What is the liability of a guarantor?

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