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Project You are currently work at Mega Holdings as secretary officer. You live with your parent in an apartment which you bought for RM520,000 in
Project You are currently work at Mega Holdings as secretary officer. You live with your parent in an apartment which you bought for RM520,000 in 5 years ago. you took a mortgage loan from Bank XXX to fund for the purchase with monthly instalment of RM3,000. The property is currently worth RM600,000 and outstanding balance of the mortgage is RM480,000 and Your salary is RM10000 a month. You have RM4,000 in savings account, RM6,000 in current account, RM22,000 in fixed deposit account, and RM300,000 in EPF account respectively. You purchased a RM100,000 whole-life policy 15 years ago with cash value of RM20,000 (monthly premium is RM150 which is charged to his credit card). You are owning 3 credit cards with an outstanding balance of RM45,000 currently. Recently, you are interested in buying a new car and need to do some research. You are required to; i) Prepare Net worth of your financial. ii) Ask a dealership/ financial institutions (chosen) offers you an installment plan. iii) From question i and ii, give one (1) justification needed for retirement plan. iv) Attach all the evidence with your report. Project You are currently work at Mega Holdings as secretary officer. You live with your parent in an apartment which you bought for RM520,000 in 5 years ago. you took a mortgage loan from Bank XXX to fund for the purchase with monthly instalment of RM3,000. The property is currently worth RM600,000 and outstanding balance of the mortgage is RM480,000 and Your salary is RM10000 a month. You have RM4,000 in savings account, RM6,000 in current account, RM22,000 in fixed deposit account, and RM300,000 in EPF account respectively. You purchased a RM100,000 whole-life policy 15 years ago with cash value of RM20,000 (monthly premium is RM150 which is charged to his credit card). You are owning 3 credit cards with an outstanding balance of RM45,000 currently. Recently, you are interested in buying a new car and need to do some research. You are required to; i) Prepare Net worth of your financial. ii) Ask a dealership/ financial institutions (chosen) offers you an installment plan. iii) From question i and ii, give one (1) justification needed for retirement plan. iv) Attach all the evidence with your report
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