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By using the annuity method find the monthly payment

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Reference no: EM133006966

Problem1 : 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 monthly payment

(A) RM356.40

(B) RM366.40

(C) RM365.40

(D) RM355.40

Reference no: EM133006966

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