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Mazni wants to buy a house and she asks the bank officer to help. She was told that the original house cost RM 300,000 and
Mazni wants to buy a house and she asks the bank officer to help. She was told that the original house cost RM 300,000 and the profit margin to the bank is 30%, which Mazni can pay to the bank by installment period of 20 years.
i- Calculate the selling price of the house if bank sells it to Mazni.
ii- Calculate the monthly payment of this house to the bank.
iii- If the profit margin of the same house increase to 40%, for the period of 15 years, calculate the new selling price and the new monthly payment.
please answer this as soon as possible
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