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Set 3 | AMO25 The director decided to buy an asset for the company using three quarter of accumulated interest amount (in (b). After some
Set 3 | AMO25 The director decided to buy an asset for the company using three quarter of accumulated interest amount (in (b). After some consideration, there were two shop lots in different location that can be bought as their assets. However, the money can only pay in full for one of the lot that cost half million and only 30% for the other one. Find the price of the second shop and total amount paid to owned it if the bank offers 2.75% motthly rate for 10 years. [11 marks (C3, CLO3, MQF LODO END OF QUESTIONS Set 3 | AMO25 The director decided to buy an asset for the company using three quarter of accumulated interest amount (in (b). After some consideration, there were two shop lots in different location that can be bought as their assets. However, the money can only pay in full for one of the lot that cost half million and only 30% for the other one. Find the price of the second shop and total amount paid to owned it if the bank offers 2.75% motthly rate for 10 years. [11 marks (C3, CLO3, MQF LODO END OF QUESTIONS
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