A sofa set selling price is RM2000. Through an instalment plan the buyer paid RM400...
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Accounting
- A sofa set selling price is RM2000. Through an instalment plan the buyer paid RM400 down payment and agreed 10 monthly payment. The interest charged is 8% per month,
- Find the followings using Annuity method
- a. Monthly payment
b. Total interest charged
c. Instalment price
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