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D) Khabib has given McGregor a quick lesson in preparing kebab. McGregor realized he wanted to open a small take-away kebab shop but does not
D) Khabib has given McGregor a quick lesson in preparing kebab. McGregor realized he wanted to open a small take-away kebab shop but does not have enough money. Fortunately, Ah Long is willing to lend McGregor RM100,000 at 12 percent interest rate annually, however, he has to pay back semi-annually within two years. i) How much does McGregor have to pay for each of his semi-annual instalment? (3 marks) ii) Tabulate the amortization schedule which shows the semiannual payment for the next two years. (7 marks) (Total: 25 marks)
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