The cash price of a condominium is RM204,600. It can be purchased through an instalment plan by making a down payment of 10% followed by 360 equal monthly payments. The interest charged is 6.8% compounded monthly. Find the monthly payment. [ans:RM1,200.46]
If immediately after 15 years, the buyer decides to settle the loan by making a single payment,
Determine the value of this single payment. [ans:RM135,235.07]
Calculate the total interest paid by the buyer. [ans:167,177.87]