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Salleh bought a computer for RM5000 through an instalment purchase.He paid RM1000 down payment and loan was taken for 12 monthly instalment.The interest charged is 12% per annum on the reducing balance.By using the ANNUITY method find i. the monthly payment ii. the installment price iii. the total interest charged

Salleh bought a computer for RM5000 through an instalment purchase.He paid RM1000 down payment and loan was taken for 12 monthly instalment.The interest charged is 12% per annum on the reducing balance.By using the ANNUITY method find i. the monthly payment ii. the installment price iii. the total interest charged

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Salleh bought a computer for RM5000 through an instalment purchase.He paid RM1000 down payment and loan was taken for 12 monthly instalment.The interest charged is 12% per annum on the reducing balance.By using the ANNUITY method find i. the monthly payment ii. the installment price iii. the total interest charged
Transcribed Image Text:Salleh bought a computer for RM5000 through an instalment purchase.He paid RM1000 down payment and loan was taken for 12 monthly instalment.The interest charged is 12% per annum on the reducing balance.By using the ANNUITY method find i. the monthly payment ii. the installment price iii. the total interest charged
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