opic: RISK MANAGEMENT AND TAKAFUL PLANNING

Question1: Answer the following sections below?

i. Aslan bought a Peugeot 5008. The car was purchased at a price of RM180,000 four years ago. He paid RM40,000 as a down payment and secured financing for the balance with an Islamic bank at a 3% profit rate for nine years. Calculate the amount paid for this car.?

ii. From section (i), calculate the rebate value?

iii. From section (i), Calculate the Liability balance?