Need help v) and vi). b) Troy wants to buy an additional screen for his computer which he saw in an advertisement forRM2500 on the internet. There is an option of paying a 10% deposit and then making 24 monthlypayments using a hire purchase agreement, where interest is calculated at 7.5% p.a. simpleinterest.i) What is the amount of deposit paid?ii) Calculate the amount of loan under the hire purchase agreement.iii) How much is the total interest charged by the bank?iv) What is the total amount of money Troy has to pay for the loan and the interest?v) Calculate the monthly instalments. Round your answer to 2 decimal places.vi) Calculate the final month payment.

Cost additional screen of computer = RM2500 Deposits = 10% Number of monthly payments = 24 Interest…

b) Troy wants to buy an additional screen for his computer which he saw in an advertisement for RM2500 on the internet. There is an option of paying a 10% deposit and then making 24 monthly payments using a hire purchase agreement, where interest is calculated at 7.5% p.a. simple interest.

b) Troy wants to buy an additional screen for his computer which he saw in an advertisement for RM2500 on the internet. There is an option of paying a 10% deposit and then making 24 monthly payments using a hire purchase agreement, where interest is calculated at 7.5% p.a. simple interest.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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