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How much aryan needs to pay for the monthly installment

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Problem 1: Aryan is a fresh graduate who has just started working for two months and now he plans to buy his first car using Vehicle Financing - Graduate Scheme. June Bank is offering a 3.3 percent interest rate for a period of 9 years. The price of Perodua Axia is RM36,500 before a 10 percent down payment. Calculate how much Aryan needs to pay for the monthly installment.

Reference no: EM132962054

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