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QUESTION 2 You are planning to buy your first house in Kampar. You determine your preferable house from the website page Kampar House For Sale
QUESTION 2 You are planning to buy your first house in Kampar. You determine your preferable house from the website page "Kampar House For Sale - Properties in Perak". Furthermore, you plan to apply loan and put down payment 10% of the price. Assume that you are still considering two options of housing loan. The first option with interest rate is 3.31% per annum compounded monthly for 35 years. You have another option, where the interest rate is 4.9% compounded monthly for 25 years. (a) Show the print screen of the full details for your selected house in Kampar. (2 marks) (b) Construct loan schedules for two options. (20 marks) (c) Based on your answers in (b), which option you should opt to? Explain your choice. (2 marks) [Total: 24 marks] 4
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