ZZ bank offers a personal loan of RM30,000 with an interest rate of 4.5% compounded monthly. The customer must pay back the loan through monthly payments for 5 years. No use excel. Use formula below. a) Find the monthly payment. (RM559.29) b) Calculate the total interest charged. (RM3557.40) c) Immediately alter paying the 48th payment, the customer decided to settle the balance of the loan. Find the amount to be paid.(RM6550.71)
ZZ bank offers a personal loan of RM30,000 with an interest rate of 4.5% compounded monthly. The customer must pay back the loan through monthly payments for 5 years. No use excel. Use formula below. a) Find the monthly payment. (RM559.29) b) Calculate the total interest charged. (RM3557.40) c) Immediately alter paying the 48th payment, the customer decided to settle the balance of the loan. Find the amount to be paid.(RM6550.71)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Risk and return
Before understanding the concept of Risk and Return in Financial Management, understanding the two-concept Risk and return individually is necessary.
Capital Asset Pricing Model
Capital asset pricing model, also known as CAPM, shows the relationship between the expected return of the investment and the market at risk. This concept is basically used particularly in the case of stocks or shares. It is also used across finance for pricing assets that have higher risk identity and for evaluating the expected returns for the assets given the risk of those assets and also the cost of capital.
Question
3. ZZ bank offers a personal loan of RM30,000 with an interest rate of 4.5% compounded
monthly. The customer must pay back the loan through monthly payments for 5 years. No use excel. Use formula below.
a) Find the monthly payment. (RM559.29)
b) Calculate the total interest charged. (RM3557.40)
c) Immediately alter paying the 48th payment, the customer decided to settle the balance
of the loan. Find the amount to be paid.(RM6550.71)
Transcribed Image Text:A= R
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