Ch’ng, Pei Eng and Ng Set, Foong and Chew, Yee Ming and Hamat, Muniroh
(2020)
An introduction to car loan interest charges / Ch’ng Pei Eng ... [et al.].
In:
Teaching and Learning in the Higher Education (TLHE).
Unit Penerbitan JSKM, pp. 59-63.
Official URL: https://appspenang.uitm.edu.my/sigcs/
Abstract
Many people love cars, but the price of a car is usually not cheap, so asking a bank loan is the easiest way to solve this financial problem. Do you know that money is not free to borrow? There is a cost to pay when one borrow money! Interest is the name for the cost of borrowing money. In this paper, we would like to share how the interest is being calculate for a car loan, how to determine the monthly payment for a car loan, as well as the total amount paid over a period of car loan term for the car. This would help the reader to make a smart decision when taking a car loan in future.
Metadata
| Item Type: | Book Section |
|---|---|
| Creators: | Creators Email / ID Num. Ch’ng, Pei Eng chng@uitm.edu.my Ng Set, Foong ngsetfoong061@uitm.edu.my Chew, Yee Ming chewyeeming@uitm.edu.my Hamat, Muniroh muniroh@uitm.edu.my |
| Contributors: | Contribution Name Email / ID Num. Advisor Hamat, Muniroh UNSPECIFIED Chief Editor Kadar, Rozita UNSPECIFIED |
| Subjects: | L Education > LG Individual institutions > Asia > Malaysia > Universiti Teknologi MARA > Pulau Pinang L Education > LG Individual institutions > Asia > Malaysia > Universiti Teknologi MARA |
| Divisions: | Universiti Teknologi MARA, Pulau Pinang > Permatang Pauh Campus |
| Journal or Publication Title: | Articles of Teaching and Learning in Higher Education (TLHE) |
| UiTM Journal Collections: | UiTM Journal > Journal of Mathematics and Computing Science (JMCS) |
| ISSN: | 978-967-0841-86-1 |
| Volume: | 1 |
| Page Range: | pp. 59-63 |
| Keywords: | Bank loan, financial, car |
| Date: | June 2020 |
| URI: | https://ir.uitm.edu.my/id/eprint/76662 |
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