(c) A motor vehicle which costs RM20,000 was bought on credit terms, with payment of 10% as deposit to be made immediately and the balance to be paid in one lump sum 6 months later. (i) Calculate the...

(c) A motor vehicle which costs RM20,000 was bought on credit terms, with payment of 10% as deposit to be made immediately and the balance to be paid in one lump sum 6 months later.

(i) Calculate the total amount of interest expense if the compound interest rate is 2% per month.




(ii) With loan amortization schedule, show the total amount be paid for the vehicle