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  • 1 Withdrawal: Question 5 (A)

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    Faiz Jamal
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    The document contains information about withdrawals from an account over 4 periods. It shows the account balance, maximum eligible withdrawal amount based on 30% of salary, and balance after each withdrawal. It also includes details about purchasing a house for RM100,000 with a RM60,000 down payment and 3.5% interest over 10 years, and purchasing a Perodua Axia for RM36,500 with a RM3,650 down payment and 3.3% interest over 9 years.

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    q3

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    The document contains information about withdrawals from an account over 4 periods. It shows the account balance, maximum eligible withdrawal amount based on 30% of salary, and balance after each withdrawal. It also includes details about purchasing a house for RM100,000 with a RM60,000 down payment and 3.5% interest over 10 years, and purchasing a Perodua Axia for RM36,500 with a RM3,650 down payment and 3.3% interest over 9 years.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Download as docx, pdf, or txt
    5 views2 pages

    1 Withdrawal: Question 5 (A)

    Uploaded by

    Faiz Jamal
    The document contains information about withdrawals from an account over 4 periods. It shows the account balance, maximum eligible withdrawal amount based on 30% of salary, and balance after each withdrawal. It also includes details about purchasing a house for RM100,000 with a RM60,000 down payment and 3.5% interest over 10 years, and purchasing a Perodua Axia for RM36,500 with a RM3,650 down payment and 3.3% interest over 9 years.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 2

    Items 1st withdrawal 2nd withdrawal 3rd withdrawal 4th withdrawal

    Acc. Bal 1 RM77,000 RM74,000 RM71,900 RM70,430

    30% of basic SA RM10,000x30% RM7,000x30% = RM4,900x30% = RM3,430x30% =


    = RM3,000 RM2,100 RM1,470 RM1,029
    Max eligible RM2,000 RM1,100 RM470 RM29
    amount to w/d
    Possible amount RM3,000 RM2,100 RM1,470 RM1,029
    to invested
    Bal. in acc 1 after RM74,000 RM71,900 RM70,430 RM69,401
    w/d

    QUESTION 5 (a)

    House (RM)

    Purchased price 100 000

    Down payment 60 000

    Loan balance 40 000

    Interest rate 3.5%

    Tenure/months 10 years/ 120 months

    Total loan 54 000

    Annual Installment 5400

    Monthly Installment 450

    QUESTION 5 (b)
    Perodua Axia (RM)

    Purchased price 36 500

    Down payment 3 650

    Loan balance 32 850


    Interest rate 3.3%

    Tenure/months 9 years/ 108 months

    Total loan 42 606.45

    Annual Installment 4734.05

    Monthly Installment 394.50

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