Question
Phileo Berhad Phileo Berhad (PB) debt financing comprises of the following: Vehicles: RM300,000 loan at 3.04% p.a. for 7 years tenure. Business: RM2.3 million, a
Phileo Berhad
Phileo Berhad (PB) debt financing comprises of the following:
Vehicles: RM300,000 loan at 3.04% p.a. for 7 years tenure.
Business: RM2.3 million, a 10 year loan with interest of 5.9% p.a. from Alliance Bank SME Assistance Program.
Property: Loan of RM5.6 million at 3.68% p.a. for 25 years.
i. Total interest on vehicles' loan is RM______________
ii. Monthly instalment of the vehicles' loan is RM___________.
iii. Total business loan amount for the 10 years is RM____
iv. Monthly business loan instalment is RM____
v. Monthly instalment for the property loan is RM_____
vi. Total property loan amount for 25 years will be RM___
vii. If the property loan is calculated based on fixed rate loan, determine the total loan amount due.
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