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(a) Rahimi plan to buy a semi D house in Glenmarie area and according to the market price the value of the house will
(a) Rahimi plan to buy a semi D house in Glenmarie area and according to the market price the value of the house will be RM630,000 per unit. He had approached the officer from RHB bank, and from the evaluation, bank decide to offer him 90 percent mortgage loan at 2.75 percent interest for 35 years. Based on the information above, calculate: i. Monthly payment that Rahimi should pay on his mortgage loan. (6 marks) ii. Prepare 3 months amortization table using Constant Payment Mortgage (CPM). 10
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