If En. Muiz just bought a new Perodua Myvi worth RM 60,000 and took a loan from MAYBANK that requires 10% down payment. Determine the amount of annual installment @ payment if the bank charge 5% interest and En. Muiz is planning to settle the entire loan within 7 years.

per annum

3. If En. Muiz just bought a new Rerodua Myvi worth RM 60,000 and took a loan from MAYBANK that requires 10% down payment. Determine the amount of annual installment @ payment if the bank charge 5% interest and En. Muiz is planning to settle the entire loan within 7 years