Question
3) Juliet purchased a car listed at RM 49,000 from car finance Ltd. through a hire purchase agreement in which she had to pay RM10,000
3) Juliet purchased a car listed at RM 49,000 from car finance Ltd. through a hire purchase agreement in which she had to pay RM10,000 down and 24 monthly instalments of RM2,000 each. After one year of payment defaults, the car was legally repossessed and sold for RM25,000. Find the amount of refund that she would receive from the company or the amount of money she would have to pay?
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Microeconomics Theory And Applications
Authors: Edgar K. Browning, Mark A. Zupan
10th Edition
0470128917, 9780470128916
