Question 1 To ensure the survival of Bumiputera entrepreneurs in facing difficulties arising from the COVID 19 pandemic, the government has allocated RM300 million in the form of working capital loans under the Skim Pembiayaan Mudah Jaya (SPiM) by Majlis Amanah Rakyat (MARA), with a maximum loan limit of RM1 million with an interest rate of 3 5 per annum (Source The Edge Markets) Based on the following statement answer question below Hannah Sofiah is a young entrepreneur who sells banana crackers Previously, most of the suppliers would come to her shop to place their orders but due to the Movement Control Order (MCO), they could not do so She decided to go fully online and market banana crackers in the digital world The online sales of banana crackers during MCO is unpredicted The demand for banana crackers go up so, she decided to take a loan that offer under Skim Pembiayaan Mudah Jaya to cover day to day operational expenses If Hannah plans to borrow RM200,000 If Hannah pays back the loan over 30 years, what will her annual payments be (6 marks) Due to pandemic, you plan to visit your friends in Vietnam in next three years The trip is expected to cost a total of RM10,000 at that time Your parents have deposited RM5,000 for you in a Certificate of Deposit paying 6 interest annually, maturing three years from now Your aunty, Aunty Lily has agreed to pay for all remaining expenses If you are going to put Aunty Lily's gift in an investment earning 10 over the next three years, how much must he deposit today, so you can visit your friends three years from today (6 marks) Azhari is a pilot at Malaysian Airlines He has been working since 2010 He knows saving money is important because it helps protect him in the event of a financial emergency Therefore, since working, he saves RM15,000 for the first five year, RM20,000 at the end of 6 years and RM30,000 per year for year 7 and 8 into Amanah Saham MySejahtera If Amanah Saham MySejahtera announces 14 dividend, how much money he has in year 9 assuming he never withdraw his money since 2010 (8 marks) Harith Ismeth just bought a new Proton Persona for his business The price of the vehicle was RM40,000 Harith made a RM5,000 down payment and took out an amortized loan for the rest The car dealership made the loan at 8 interest compounded annually for five years He is to pay back the principal and interest in equal monthly instalments beginning one month from now Determine the amount of Harith's monthly payment (5 marks) Total 25 Marks Show your calculation

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Question 1 To ensure the survival of Bumiputera entrepreneurs in facing difficulties arising from the COVID-19 pandemic, the government has allocated RM300 million in the

Question 1

To ensure the survival of Bumiputera entrepreneurs in facing difficulties arising from the COVID-19 pandemic, the government has allocated RM300 million in the form of working capital loans under the Skim Pembiayaan Mudah Jaya (SPiM) by Majlis Amanah Rakyat (MARA), with a maximum loan limit of RM1 million with an interest rate of 3.5% per annum. (Source: The Edge Markets)

Based on the following statement answer question below:

Hannah Sofiah is a young entrepreneur who sells banana crackers. Previously, most of the suppliers would come to her shop to place their orders but due to the Movement Control Order (MCO), they could not do so. She decided to go fully online and market banana crackers in the digital world. The online sales of banana crackers during MCO is unpredicted. The demand for banana crackers go up so, she decided to take a loan that offer under Skim Pembiayaan Mudah Jaya to cover day-to-day operational expenses. If Hannah plans to borrow RM200,000. If Hannah pays back the loan over 30 years, what will her annual payments be? (6 marks)

Due to pandemic, you plan to visit your friends in Vietnam in next three years. The trip is expected to cost a total of RM10,000 at that time. Your parents have deposited RM5,000 for you in a Certificate of Deposit paying 6% interest annually, maturing three years from now. Your aunty, Aunty Lily has agreed to pay for all remaining expenses. If you are going to put Aunty Lily's gift in an investment earning 10% over the next three years, how much must he deposit today, so you can visit your friends three years from today? (6 marks)

Azhari is a pilot at Malaysian Airlines. He has been working since 2010. He knows saving money is important because it helps protect him in the event of a financial emergency. Therefore, since working, he saves RM15,000 for the first five year, RM20,000 at the end of 6 years and RM30,000 per year for year 7 and 8 into Amanah Saham MySejahtera. If Amanah Saham MySejahtera announces 14% dividend, how much money he has in year 9 assuming he never withdraw his money since 2010. (8 marks)

Harith Ismeth just bought a new Proton Persona for his business. The price of the vehicle was RM40,000. Harith made a RM5,000 down payment and took out an amortized loan for the rest. The car dealership made the loan at 8% interest compounded annually for five years. He is to pay back the principal and interest in equal monthly instalments beginning one month from now. Determine the amount of Harith's monthly payment. (5 marks)

[Total: 25 Marks]

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