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(b) 24 months ago, Yong deposited RM5000 in a saving account earning 6% interest compounded semi-annually. At the same time, she deposited RM250 at the
(b) 24 months ago, Yong deposited RM5000 in a saving account earning 6% interest compounded semi-annually. At the same time, she deposited RM250 at the end of every month in another account earning 5% interest compounded monthly. Today, she intends to withdraw all her money from both accounts to pay part of the 10% down payment for a new car. The cash price of the car is RM123000. i, How much is the total withdrawal from both accounts? (5 marks) ii. Yong plans to take up a loan from a finance company to finance the 90% balance of the car price. The finance company charges interest at 4.5% compounded monthly and the loan is payable in 9 years. How much will the monthly payments be
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