Use this formula. Subject: Business Math

3. 0 1 2 3 33 34 35 36 months 250 250 250 1 250 250 250 250 1 No payment Last payment Diagram 1 Diagram 1 shows the series of equal monthly payment made by Syukri to settle a loan that charge at 12% compounded monthly. What is the original amount of the loan? (4 marks) 4. Find the amount to be invested every six months at 9% compounded semi-annually to accumulate RM15,000 in 5 years. (4 marks) SERI (1+i)" -1 i FORMULAE 1-(1+i)" I = S-OR A =R i I=nR-A Periodic Cost = Periodic Interest Payment +Periodic Deposit S = P(1+i)" Periodic Cost = Pi +R