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Purchase of a machine costs RM30,000, with RM8,000 installation and transportation costs. The financing is available for 5 years on Hire- Purchase Agreement at financing
Purchase of a machine costs RM30,000, with RM8,000 installation and transportation costs. The financing is available for 5 years on Hire- Purchase Agreement at financing charge of 4.35% p.a. Another option is for leasing for RM1,100 per month which must be paid at the beginning of the period for 5 years. What is the monthly hire purchase for this case and the monthly amortization
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