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 monthly instalment and calculate the rebate that she would receive if she settles the loan after 40 months of servicing the installments.