You secured a RM40,000 loan from Bank KMP (BKMP) in May 2019 at an interest rate of 6% per year compounded monthly to purchase some equipment needed for your small business. The loan was supposed to paid back in 5 years. Since the Covid-19 pandemic hit the world, the government has allowed for a moratorium on loans and requested banks to restructure the loan repayments for those who chose to use the moratorium. There were two options: i. Take the moratorium without extending the loan period. Take the moratorium with extending the loan period