Question: this question bu using this formula waittttt Compute the following: i) ii) Acik bought a national car, which cost him RM75,000. He took a 7-year
this question bu using this formula waittttt
Compute the following: i) ii) Acik bought a national car, which cost him RM75,000. He took a 7-year car loan scheme from Matahari Finance. The finance company required Acik to pay 10 percent of the costs as a deposit. Assuming the interest charged is 6 percent per annum, calculate his annual payment after the deposit has been made. How much money does Halimah need to deposit today in her Sinar Bank savings account in order to have RM16,850.58 after five years assuming the bank guarantees a 12 percent annual interest rate compounded semi-annually. Hani plans to visit her friends in Tokyo five years from now, and she needs a total of RM25,000. She has deposited RM5,000 in her savings account, which pays 4 percent interest annually. Her parents have promised to finance the balance by putting a sum of money in an investment, earning 12 percent annually. How much do you think her parents must deposit now for her to have a total of RM25,000 at the end of year 5? (12 marks)Step by Step Solution
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