User Account

All Pages

Calculate the amount of monthly instalment you need to pay

Assignment Help Financial Accounting
Reference no: EM132848510

Question -

a) If you are taking out a personal loan of RM30,000 with a flat rate interest of 6.5 percent over 10 years, calculate the amount of monthly instalment you need to pay. What will be the outstanding balance of personal loan after 4 years of payment?

b) Sarah took a personal loan of RM120,000 with a flat rate interest of 5.25 percent over 15 years. Calculate how much is the monthly interest payment? What will be the outstanding balance of personal loan after 2 years of payment?

Reference no: EM132848510

Questions Cloud

Components of a certain shipped to a supplier in batches : One of the two tested components is defective. [Hint: Draw a tree diagram with three first-generation branches for the three different types of batches.]
Identify overall corporate objectives of groupon : Identify overall corporate objectives of Groupon and strategies implemented to achieve those objectives. Identify the strategic risks that potentially.
What is the amount of legal capital : The entity reported P5,000,000 profit, declared a 2-for-1 share split and followed by 100% share dividend, what is the amount of legal capital in 2020
Develop strategies for each of eight steps in kotter model : Develop strategies for each of the 8 steps in Kotter's model. Discuss how this change impacts the company on a global scale. Evaluate why this change needed.
Calculate the amount of monthly instalment you need to pay : If you are taking out a personal loan of RM30,000 with a flat rate interest of 6.5 percent over 10 years, calculate the amount of monthly instalment you need
How much does this relationship drive change : Discuss the relationship between organizational change and the organization's need to stay competitive in a global market. How much does relationship drive?
What is the interesting observation : Provide income statements in both variable costing and absorption costing formats for an initial period and its successive period in a case
Determine the longevity of domestic automobiles : 1. Researchers want to determine the longevity of domestic automobiles produced and sold by car dealerships in 2000
Calculate sunland weighted average common shares outstandig : The balances at December 31, 2020 do not reflect the conversion of April 1, 2020. Calculate Sunland's weighted average common shares outstanding

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd