QUESTION 2 a) Being a professional photographer, Qash Adam bought a DSLR Canon camera priced at RM3,600 on 4th March 2019. The shop, Marvel Photo Sdn Bhd agreed to sell the camera on an easy payment plan using his Ikhwan Maybank Visa credit card by spreading the price into 12 equal monthly payments. The first payment had been affected on the purchase date while the subsequent payments will be debited to his visa credit card account on every 4th of the consecutive months. On 6th March 2019, Qash Adam received a call from Ikhwan Maybank Visa credit card centre advising him that the bank had agreed to refund RM180 being annual fee wrongly debited to his account in February 2019. The refund would be credited to his account on 31st March 2019. The start of billing cycle for Ikhwan Maybank Visa credit card is on 16th March 2019 and Qash Adam's account had an outstanding balance of RM8,450 on that day. Date Transactions RM March 17 Bought Malindo Air return tickets to Jakarta 820 March 20 Shop at Cotton On Setia Mall 550 March 21 Groceries at Jaya Grocer Shah Alam 140 March 23 Repair charges on Toyota Hilux 990 April 1 Lunch at Kenny Rogers, Shah Alam 120 April 1 Visa Credit Card payment 2,500 April 5 Lazada online shopping 210 April 11 Pacific Hotel, Johor Bahru 550 April 11 Legoland entrance tickets 370 Using average daily balance method including current purchases, compute the following: i) Average daily balance ii) Interest charge iii) Total outstanding balance iv) Minimum payment v) Outstanding balance after minimum payment Assume that the interest charged is 18 percent per annum on the unpaid balance and minimum payment required is 5 percent