Shahriman has just graduated from a local university. He is planning to buy his dream house...

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Shahriman has just graduated from a local university. He is planning to buy his dream house in five years. Currently, the price of the house is RM500,000 and the price is expected to increase by 10% in value every year. He plans to pay 20% deposit on the house by making savings at the end of each year for the next 5 years and expects to earn 15% interest per year. Required: Calculate the annual savings Shahriman should make at the end of each year for the next 5 years as to have enough money to pay for the house deposit. (6 marks) Ikleama plans to purchase a new car for RM100,000 and pay RM10,000 as a deposit. He agrees to pay the balance using a loan, where installment is paid at the end of each year for the next 7 years. Interest is charged at 4% per year on unpaid amount. Required: a. b. C. Calculate the yearly installment of the car loan. Tabulate the loan amortization schedule for the first 2 years. (2 marks) (4 marks) Ikleama had saved the RM10,000 deposit through an account that pays 5%. He had diligently put in RM1,228.20 at the end of each year into the account. Determine the duration of his investment. Small enterprises represent the main catalyst of economic development.. Those small businesses contribute intensely to achieving the fundamental goals to any national economy, becoming the back bone of social-economical progress - Peter Drucker, 2009. The SME sector plays an extremely important part in modern economy, proving to be the most attractive and tremendous innovative system. The vital contribution to SME in economic development is a reality unanimously recognized. Showing their economically and socially beneficial effects led to the consideration of the SME sector as a field of strategic interest for the economy-Avasilicai, 2009 Required: Discuss and express your opinion about the above 2 statements. You may or may not agree with the above statements -Emphasize/ special attention on problems and solutions, contribution on economy, government assistances and etc ! Shahriman has just graduated from a local university. He is planning to buy his dream house in five years. Currently, the price of the house is RM500,000 and the price is expected to increase by 10% in value every year. He plans to pay 20% deposit on the house by making savings at the end of each year for the next 5 years and expects to earn 15% interest per year. Required: Calculate the annual savings Shahriman should make at the end of each year for the next 5 years as to have enough money to pay for the house deposit. (6 marks) Ikleama plans to purchase a new car for RM100,000 and pay RM10,000 as a deposit. He agrees to pay the balance using a loan, where installment is paid at the end of each year for the next 7 years. Interest is charged at 4% per year on unpaid amount. Required: a. b. C. Calculate the yearly installment of the car loan. Tabulate the loan amortization schedule for the first 2 years. (2 marks) (4 marks) Ikleama had saved the RM10,000 deposit through an account that pays 5%. He had diligently put in RM1,228.20 at the end of each year into the account. Determine the duration of his investment. Small enterprises represent the main catalyst of economic development.. Those small businesses contribute intensely to achieving the fundamental goals to any national economy, becoming the back bone of social-economical progress - Peter Drucker, 2009. The SME sector plays an extremely important part in modern economy, proving to be the most attractive and tremendous innovative system. The vital contribution to SME in economic development is a reality unanimously recognized. Showing their economically and socially beneficial effects led to the consideration of the SME sector as a field of strategic interest for the economy-Avasilicai, 2009 Required: Discuss and express your opinion about the above 2 statements. You may or may not agree with the above statements -Emphasize/ special attention on problems and solutions, contribution on economy, government assistances and etc !

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Part 1 Shahrimans House Purchase Plan a Calculate the annual savings Shahriman should make at the end of each year for the next 5 years to have enough money to pay for the house deposit Given House pr... View the full answer