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A house costing RM120,000 cash is purchased by making a down payment of RM40,000 and the balance is to be settled by making 120 monthly

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A house costing RM120,000 cash is purchased by making a down payment of RM40,000 and the balance is to be settled by making 120 monthly payments at 6% compounded monthly. (a) Find this monthly payment. (b) If the buyer intends to settle all of the loan by making a single payment immediately after seven years, find this single payment

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