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Q2 A loan of RM 200,000 bearing interest at 4% compounded monthly is to be amortised by 240 monthly payments. (a) Calculate the monthly payment,

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Q2 A loan of RM 200,000 bearing interest at 4% compounded monthly is to be amortised by 240 monthly payments. (a) Calculate the monthly payment, (7 marks) (CLO3:PL06:C3)(CLO3:PL07:C3) (b) construct an amortization schedule for the first five months and the last 1 SEPT/OCT 20 BUSS 1611 MID SEMESTER ASSESSMENT 240th month. (12 marks) 2-17 4)

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