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Business Mathematic Redo

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61 views11 pages

Business Mathematic Redo

Uploaded by

pewdewpai07
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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BUSINESS MATHEMATIC

DPB20093

PRACTICAL EXERCISE

COMMERCE DEPARTMENT
SESSION 2 2023/2024

LECTURE NAME :
SITI AISYAH BINTI MOHAMAD SIS

PREPARED BY :

NAME MATRIX NO
MUHAMMAD NAUFAL BIN MD ROSLI 10DLS23F1063
MOHAMAD SHAHRIL AIMAN BIN PARID 10DLS23F1055
AHMAD ADAM HAIKAL BIN AHMAD INSANI 10DLS23F1089
NUR FATIN NAJIHAH BINTI ESSAM-EL-DIN 10DLS23F1087
QUESTION 1:
You have just graduated and been accepted to work as a senior executive junior at KOOP AIM.
The basic salary offered to you is RM 2,500 with allowances of RM 1,500. Since you need a
vehicle to go to work and also for assigned outdoor tasks, you want to buy a vehicle that suits
your income.

a) Specify the vehicle loan you want.


I am considering taking a loan for a 2023 Perodua Axia 1.0 G that cost around
RM39,919.95. The interest rate offered by AmBank are 3.05% per annum. The
monthly payment cost approximately RM328 for 9 years.

b) How much does the vehicle cost?

The vehicle cost is RM39,919.95

c) You are required to pay a deposit of 10% of the vehicle price. What is the
principal?

𝐃𝐞𝐩𝐨𝐬𝐢𝐭 = 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐏𝐫𝐢𝐜𝐞 𝐱 𝟏𝟎%


𝑅𝑀 39,919.95 𝑥 0.10
= 𝑅𝑀 3991.99

𝐏𝐫𝐢𝐧𝐜𝐢𝐩𝐚𝐥 = 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐏𝐫𝐢𝐜𝐞 − 𝐃𝐞𝐩𝐨𝐬𝐢𝐭


𝑅𝑀39,919.95 – 𝑅𝑀3991.99
= 𝑅𝑀35927.96

d) Calculate how much monthly payment you will have to pay if your loan takes a
period of 7 years with the current interest rate (search the interest rate on the
internet).

𝑷 = 𝑅𝑀35927.96
𝑹 = 3.05%
𝒕 = 7 𝑦𝑒𝑎𝑟𝑠

𝑰𝒏𝒕𝒆𝒓𝒆𝒔𝒕
𝑰 = 𝒑𝒓𝒕
= 35927.96 𝑥 0.0305 𝑥 7
= 𝑅𝑀 7670.62
𝑴𝒂𝒕𝒖𝒓𝒊𝒕𝒚 𝑽𝒂𝒍𝒖𝒆
S = P+I
S = RM 35927.96 + RM 7670.62
S = RM 43598.58

𝑴𝒐𝒏𝒕𝒉𝒍𝒚 𝑷𝒂𝒚𝒎𝒆𝒏𝒕

𝑃+𝐼
𝑀𝑃 =
𝑛

35927.96 + 7670.62
=
7(12)

43598.58
=
84

MP = RM 519.03
QUESTION 2:
You want to start a business after finishing your studies. With that , you have decided to start
a business NastySweetz . The problem now is you lack the capital to start the business . Think
about where your financial resources come from .

ANSWER:
Our business name is Pisyang Brothers. We choose to make Personal Loan. We choose
Maybank to for personal loan

Mp :P (1+rt)/12rt
P: RM 10000
R : 8% @ 0.08
T : 2 years
Mp =RM 10000(1+0.08(2)]/12(2)
= RM 10,000(1.16)/24
= RM 483.33
QUESTION 3:
3. After you have been working/doing a business for 5 years, you wish to have your own home.
You have made a search for the type of residence you are eligible to buy and intend to make a
loan for 30 years with the current interest rate (search the interest rate on the internet). By using
yearly rest method, calculate:
a. The monthly payment
b. Payoff amount after 200 payments (using yearly rest)
Answer:
P = RM570,000
r = 5.05% = 0.0505
t = 30 years
a) Monthly payment.
Calculation:
MP = P+I
n
I for housing loan (I) = Pr (t+1)
2
30+1
I = RM570,000 (0.0505) [ ]
2
I = RM446,167.5
MP = RM570,000 + RM446,167.5
360
MP = RM1,016,167.5
360
MP = RM2,822.68
The monthly payment of the loan is RM2,822.68

b) Payoff amount after 200 payments (using yearly rest)


Early payment – Including rebate
Tenure = 30 years x 12 months = 360 months
Already paid 200 month. Only have 160 month remain unpaid.
N = 360 (overall months)
n = N – 200 (remaining months)
n = 360-200
n = 160
n+1
[ ]n
R= 2 ×I
N+1
[ 2 ]N

160+1
2 ] 160 × 446,167.5
[
R=
360+1
[ 2 ] 360

12,880
R= × 446,167.5
64,980
12,880
R= × 446,167.5
64,980
R = RM88,437.02
Early payment = 160 (monthly payment) – RM88,437.02
= 160 (RM2,822.68) – RM88,437.02
= RM451,628.8 – RM88,437.02
= RM363,191.78

References:
House: https://www.propertyguru.com.my/property-listing/amberside-country-garden-danga-
bay-for-sale-by-troy-yeo-42377000
Bank Loan (Cimb): https://www.cimb.com.my/en/personal/help-support/rates-
charges/interest-rates-charges/interest-rates/property-loan.html
QUESTION 4:
Calculate the maturity value for a 5 years loan of the RM10,000 with a compounded interest
rate of 12% every month.

ANSWER:
𝑭𝒐𝒓𝒎𝒖𝒍𝒂: 𝑺 = 𝑷 (𝟏 + 𝒓𝒕)
𝑃 = 10 000
𝑟 = 0.12
𝑡= 5
𝑆 = 10 000 (1 + 0.12 𝑥 5)
= 10 000 (1.6)
= 16 000

QUESTION 5:
If you plan to save a certain amount of money today, how much should you save so that you
can achieve your goal of RM 138, 500 in 12 years from now? Assume you earn an interest
rate of 18% compounded every two months.

ANSWER:
𝒓
Formula: 𝑨 = 𝑷(𝟏 + 𝒏)𝒏×𝒕
0.18
138 500 = P ( 1 + )72
6

138 500 = P (8.400017267)


138 500
P = 8.400017267

= RM 16 488.06

To achieve RM138 500 in 12 years with an interest rate of 18% compounded every 2
months, you need to save RM16 488.06 today.
REFERENCE:
• https://perodua.autodeal.my/harga-perodua-2024/
https://www.wapcar.my/car-loan/variants-perodua-axia-2023-upcoming

INFORMATION:

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