QUESTION PAPERS FINC212 Sept 2000 View Full Layout | Pferences Mailing A A A A . . . MUMS AND COMIC AaBb . QUESTION 4 (30 MARKS) Ali is buying a Proton X70 for RM95,000. You are required to answer the following and to show the working of your calculations in deriving the answers: a. He wants to take maximum financing. What would be the financing amount? (4 marks) b If the Current rate for hire purchase is 2.5% and he is financing the car for 9 years, what would be the term charges? (4 marks) c. What is the original amount payable? (4 marks) d. Calculate the monthly installments. (4 marks) e. What is the bank's interest earned from the loan during the first month? (4 marks) 1. After two years, he decides to do a full settlement. What is the rebate amount? (5 marks) Assume that he never missed any of the installments. How much is his full settlement? (5 marks) United States Focus MacBook Air QUESTION PAPERS FINC212 Sept 2000 View Full Layout | Pferences Mailing A A A A . . . MUMS AND COMIC AaBb . QUESTION 4 (30 MARKS) Ali is buying a Proton X70 for RM95,000. You are required to answer the following and to show the working of your calculations in deriving the answers: a. He wants to take maximum financing. What would be the financing amount? (4 marks) b If the Current rate for hire purchase is 2.5% and he is financing the car for 9 years, what would be the term charges? (4 marks) c. What is the original amount payable? (4 marks) d. Calculate the monthly installments. (4 marks) e. What is the bank's interest earned from the loan during the first month? (4 marks) 1. After two years, he decides to do a full settlement. What is the rebate amount? (5 marks) Assume that he never missed any of the installments. How much is his full settlement? (5 marks) United States Focus MacBook Air