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An antique table with a cash price tag of RM20,000 was purchased through an instalment plan in which a down payment of 10% was made.

An antique table with a cash price tag of RM20,000 was purchased through an instalment plan in which a down payment of 10% was made. The balance was settled with 18 monthly payments of RM1,100 each. Calculate:

a. The instalment prices

b. The total interest charged

c. The flat rate that was charged

d. The Annual Percentage Rate that was charged

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