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Problem 1: 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 the instalment price
(A) RM5426.80
(B) RM5264.80
(C) RM5666.80
(D) RM5266.80
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