Question 1 Nur Bhd is seeking a loan for a period of one year for its intended purchase of a computer system. The system will cost RM250,000 of which only 80% financing is required. Nur Bhd is considering two alternatives: Alternative 1: A loan from Bumiputra Commerce where it has a balance of RM20,000 in its current account. Interest is charged at 0.5% above the base lending rate of 6.5%. A compensating balance of 12% is required. Alternative 2: A loan from Perwira Affin Bank at 6% interest with a 10% compensating balance. Interest is to be paid in advance. Required: Calculate the cost of financing for the two alternatives. h Which alternative should Nur Bhd choose and why? a. Ahmad just put RM600 in the bank and she intend to leave it there for 10 years. If the bank pays her 15% interest per year, how much will she have at the end of the end of 10 years