Question
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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Internet Fraud Casebook
Authors: Joseph T. Wells
1st Edition
0470643633, 9780470643631
