QUESTION 4 Maryam has just received her credit card statement for the period covering 15th January to 14th February 2021. On 5th January 2021, she has bought a new hand phone of RM3,600 using zero interest payment plan for 12 months. During the purchase date, the first payment had been affected and the subsequent payments will be debited to her credit card account on every 5th on the consecutive months. On the 15th January 2021 she has a carried forward balance of RM5,300. The following transactions were also incurred: Date January 17 January 21 January 22 January 26 February 2 February 12 February 13 Transactions Bought return flight ticket to Kota Kinabalu, Sabah for RM585 Purchased groceries at Cold Storage for RM325 Deposited RM3,500 at HSBC Melaka for card monthly repayment Purchased sofa furniture at SSF for RM4,950 Dinner at Tony Roma's for RM250 Pump in petrol at Petronas Jalan Hang Tuah for RM85 Purchase khat painting at Kufi Gallery for RM750 The prevailing interest charged on credit card is 18 percent per annum on the unpaid balance and minimum payment is 5 percent. Using the average daily balance method including current purchases, compute the following: i. Average daily balance ii. iii. iv. V. Total interest charged Total Outstanding balance Minimum payment Outstanding payment after minimum payment (10 marks) QUESTION 4 Maryam has just received her credit card statement for the period covering 15th January to 14th February 2021. On 5th January 2021, she has bought a new hand phone of RM3,600 using zero interest payment plan for 12 months. During the purchase date, the first payment had been affected and the subsequent payments will be debited to her credit card account on every 5th on the consecutive months. On the 15th January 2021 she has a carried forward balance of RM5,300. The following transactions were also incurred: Date January 17 January 21 January 22 January 26 February 2 February 12 February 13 Transactions Bought return flight ticket to Kota Kinabalu, Sabah for RM585 Purchased groceries at Cold Storage for RM325 Deposited RM3,500 at HSBC Melaka for card monthly repayment Purchased sofa furniture at SSF for RM4,950 Dinner at Tony Roma's for RM250 Pump in petrol at Petronas Jalan Hang Tuah for RM85 Purchase khat painting at Kufi Gallery for RM750 The prevailing interest charged on credit card is 18 percent per annum on the unpaid balance and minimum payment is 5 percent. Using the average daily balance method including current purchases, compute the following: i. Average daily balance ii. iii. iv. V. Total interest charged Total Outstanding balance Minimum payment Outstanding payment after minimum payment (10 marks)