Any recommended SA at johor. My location is at johor, kluang. Interested in CFE 2014. By the way, any more feedback for CFE 2014? Any issues?
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 Mar 17 2014, 01:11 PM
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Mar 20 2014, 07:02 PM
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QUOTE(acronyx @ Mar 20 2014, 04:52 PM) Hi, hope someone can help a noob here with 1st time car buying CFE for RM70k? Year 2014? Better than me, my SA give only RM2k discount for year 2014 CFE. That's why I haven't bought yet. So I've got a deal with an SA for CFE for RM70k. Downpayment RM10k. I'm a bit confused by how the loan is calculated. The SA told me the formula to calculate it is RM60k (loan) * 2.9% (interest) * 7 (years) + RM60k / 84 (months) which brings the monthly payment to RM859. Is this correct? What I want to know is why he has to x 7 (years)?  |
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Mar 20 2014, 08:55 PM
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QUOTE(khairilyazit @ Mar 20 2014, 08:41 PM) isnt calculating the Effictive Interest rate different from calculating the nominal interest rate? http://www.wikihow.com/Calculate-Effective-Interest-RateCheck it. Let's learn accounting |
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