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3 . car selling for RM 3 6 , 0 0 0 cash can be purchased by paying 2 0 % down payment and the

3 .

car selling for RM

36, 000

cash can be purchased by paying

20 %

down payment and the balance can be settled by making monthly payments for four years at

8.5 %

per annum on the original balance. If the car is purchased through the installment plan, calculate the monthly payment.

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