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1)The Zoo Negara authority proposes a cart to bring all visitors surrounding the zoo in order to attract more people coming to Zoo Negara. The

1)The Zoo Negara authority proposes a cart to bring all visitors surrounding the zoo in order to attract more people coming to Zoo Negara. The cart is estimated at a present value of RM 500,000 with a life cycle of four years including the maintenance cost of RM 50,000 a year. It is forecasted that about 240,000 visitors would come to visit the zoo in a year. Calculate how much is the cost of the ticket to be charged taking into consideration that the visitors who ride the cart is constant every year with an interest rate of 1% a month?

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