FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Syaherah is applying for a RM50,000 hire purchase from BCD Bank. The interest rate of the loan is 6% per annum flat and the duration

Syaherah is applying for a RM50,000 hire purchase from BCD Bank. The interest rate of the loan is 6% per annum flat and the duration is 9 years. However, the bank does not provide full financing instead, requires her to provide a 20% deposit of the total amount of the loan applied. Syaherah has approached you and asked your assistance to calculate the term charges. (can u show the calculation)

A.RM21,600

B.RM22,400

C.RM25,400

D.RM23,800

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Practical Financial Management

Practical Financial Management

Authors: William R. Lasher

7th edition

128560721X, 9781133593669, 1133593682, 9781285607214, 978-1133593683

More Books

Students also viewed these Finance questions

Question

★★★★★
An urn contains three red balls numbered 1, 2, 3, four white balls numbered 4, 5, 6, 7, and three black balls numbered 8, 9, 10. A ball is drawn from the urn. What is the probability that (a) It is...

Answered: 1 week ago

Question

★★★★★
What can be interpreted from the above graph? X(g)+Y(g)XY(g)rH=300kJXY(g)X(g)+Y(g)rH=300kJX(g)+Y(g)XY(g)rH=500kJX(g)+Y(g)XY(g)rH=200kJ

Answered: 1 week ago

Question

★★★★★
Book publishers typically set prices by the number of pages multiplied by a standard price per page. Comment on this pricing policy.

Answered: 1 week ago

Question

★★★★★
Plush Textiles Inc. shows a retained earnings balance on January 1, 2011, of $580,000. For 2011, the income from continuing operations was $225,000 before income tax. Following is a list of special...

Answered: 1 week ago

Question

★★★★★
[True / False] As an investor it would generally be positive on a real estate investment if the interest rate on your debt is lower than the cap rate at which you are purchasing an asset.

Answered: 1 week ago

Question

★★★★★
machine learning Question 2010 pointa) Gene data is usually very large and hard to apply classification en it before reducing it. We can either apply feature reduction on the gene data or gene...

Answered: 1 week ago

Question

★★★★★
During the audit of the accounts receivable accounts of Solace Enterprises, a provider of car batteries in the southeastern United States, the auditors have received an abnormally high amount of...

Answered: 1 week ago

Question

★★★★★
9.4-10 ABC yatay kirii ekilde gsterildii gibi BD ve CE kolonlanyla desteklenmektedir. Kiri A noktasndan pim ile mesnetlenerek yatay hareketi nlenmitir. Her bir kolon st ucundan kirie mafsallanmtr,...

Answered: 1 week ago

Question

★★★★★
Name: For each integral, determine the best technique of integration to use (U-Sub, Parts, Trig Integration, Trig Substitution, Partial Fractions, or direct integration). In the last column, indicate...

Answered: 1 week ago

Question

★★★★★
The following data give the estimated prices of a 6-ounce can or a 7.06-ounce pouch of water-packed tuna for 14 different brands, based on prices paid nationally in supermarkets. 0.85 1.78 1.09 0.71...

Answered: 1 week ago

Question

★★★★★
Shown below is selected information to complete form 941. Assume all taxes had been deposited in full and timely prior to completion of form 941, and that the employer is a monthly depositor. Each...

Answered: 1 week ago

Previous Question Next Question