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1) Mr.Wong wishes to save for his children's education in 10 years' time. He decides to save RM 150 per month for 10 years at
1) Mr.Wong wishes to save for his children's education in 10 years' time. He decides to save RM 150 per month for 10 years at 10% return. How much would he save at the end of 10 years.
2. An investor bought a house for RM 550,000 and applies for a bank loan. The bank decided to give loans at 80% of the purchase price for 25 years. The bank offered at 5.25% per annum interest compounded annually. Calculate the monthly repayment.
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