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U Mobile WiFi 5:14 AM @ 79% U Mobile WiFi 5:14 AM GROUP ASSIGNMENT-BUSS 1611 se... 2) A computer is being sold for RM5,O()O cash.

U Mobile WiFi 5:14 AM @ 79%

U Mobile WiFi 5:14 AM GROUP ASSIGNMENT-BUSS 1611 se... 2) A computer is being sold for RM5,O()O cash. Through an instalment purchase, the purchaser has to pay down payment and 12 monthly instalments. The interest charged is 12% per annum on the reducing balance. By using the annuity method, find: a) The monthly payment. (3m) b) The instalment price. (2m) c) The total interest charged. (2m)

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