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Format : 5645.76 Q4. Meidrim has found her dream house. The house price is RM 390000 and the required downpayment is RM 78000. The loan
Format : 5645.76 Q4. Meidrim has found her dream house. The house price is RM 390000 and the required downpayment is RM 78000. The loan that Meidrim has decided upon will be for 30 year with annual rate of 10% compunded monthly. Calculate the monthly payment that Meidrim has to pay. Hint: round % and interest factor to 4 decimal points). Q5. For the RM7900 amount borrowed, the repayment is scheduled to be over 4 year, to be paid monthly. Calculate the remaining unpaid loan after the 6th payment. The interest is 7% compounded monthly. Format : 2085.85
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