1) A loan of RM10,000 at 12% compounded monthly is to be amortized by 36 monthly...

1) A loan of RM10,000 at 12% compounded monthly is to be amortized by 36 monthly payments.

a) Calculate the monthly payment.

b) Construct an amortization schedule.

2) Sarimah invests RM300 every 3 months for 4 years. She is offered 5% compounded quarterly for the first 2 years and 8% compounded quarterly for the rest of the period. Calculate the accumulated amount at the end of the 4 years.

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Expert Solution

Colby Messinger answered 1 year ago

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