Primula Manufacturing want to buy a new computer system to manage its operation data and records digitally. The vendor will allow the purchaser to make monthly payments. The entire computer system costs RM25,500. The loan period is for 5 years and the interest rate is 14.5% with monthly compounding. Compute the monthly payment that Primula Manufacturing need to pay if the company has agreed for the credit facility in getting the computer systems.

subject - corparate finance