What advantages of each method of financing recommended

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Purchase of a machine costs RM30,000, with RM8,000 installation and transportation costs. The financing is available for 5 years on Hire-Purchase Agreement at financing charge of 4.35% p.a. Another option is for leasing for RM1,100 per month which must be paid at the beginning of the period for 5 years.

Problem 1: Assess based on the information available from the website, the most suitable financing for each needs. You are required to find out the amount of monthly installment and the advantages and disadvantages of each method of financing recommended.

Reference no: EM133012506

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