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a) Najwa took a RM30,000 car loan from Mudah Bank. The bank charged Najwa 2.5% interest and requires her to pay at the end of
a) Najwa took a RM30,000 car loan from Mudah Bank. The bank charged Najwa 2.5% interest and requires her to pay at the end of each year for 4 years. Calculate the yearly repayment amount, and complete the following loan amortization schedule.| Beginning Repayment Interest Principal Ending Year Value amount paid paid Value 1 2 3 4 (10 marks) b) Sejati Sdn. Bhd. had just obtained a loan from Jaguh Bank. The bank had agreed to lend Sejati Sdn. Bhd. RM250,000. Muthu will have to pay monthly installments to repay the loan, at an interest of 5.0% per annum, compounding monthly, for 10 years. i) Find the amount of monthly installment which has to be paid by Sejati Son. Bhd. (4 marks) ii) Compute the total interest that Sejati Son. Bhd. will have to pay if it continues the loan until the agreed settlement term (i.e. 10 years). (4 marks)
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