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Nala has bought a new car at the price of RM113,765. The bank offered a hire purchase package at a rate of 5.7% for 5

Nala has bought a new car at the price of RM113,765. The bank offered a hire purchase package at a rate of 5.7% for 5 years or 5.9% for 7 years. She paid a down payment of RM15,000. Which package should Nala choose? Explain.

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