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2. A dining table is selling for RM2500 cash. Through an instalment purchase, the buyer must pay 20% of the listed price and 10 monthly

2. A dining table is selling for RM2500 cash. Through an instalment purchase, the buyer must

pay 20% of the listed price and 10 monthly instalments. If the interest charged is 8.5% per

annum on reducing balance, find

a. The monthly payment

b. The total interest charged

c. The instalment prices

*** By using the annuity method

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