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AR-RAHNU [3STEP]

STEP 1 : Find the financing Margin amount

Value of item pawned x Margin

STEP 2 : Safekeeping rates (%)

Safekeeping rate x market value (RM) x month

@

STEP 2 : Safekeeping fees (RM)

Safekeeping fees (RM) x Month

STEP 3 : Payback Amount

Step 1 + Step 2 = RM

BBA [7STEP]

In Question

Purchase Price (PP) = RM

Profit Rate (PR) = %

Profit of financing = years x 12

Grace period = years x 12

Grace period rate = %

Ada point.. kene bundarkan 6 decimal.. cth.. 0.005644

STEP 1: Annuity Factor (AF)

AF = i (1+i)n
(1+i)n -1

|n = [Grace Period (GP) x 12] – [Period of Financing x 12] | | | |i = Profit rate (%) | |12 x 100 |

Kalo dapat jawpan dalam calculator 345.87-3
Kene bundarkan 0.003459
Kene amik 6 decimal

STEP 2 : Period Repayment (PR)

PR = Annuity Factor (AF) x Purchase Price (PP)
= RM

STEP 3 : Selling Price (SP)

SP = Period Repayment (PR) x n

STEP 4 : Profit Grace Period (GP) @ Grace Period
Profit (GPP)

GP = GPPR (%) x Purchase Price x Grace Period
2 / 100

@

GP = GPPR (%) x PP x GP
2 / 100

STEP 5: Installment of Grace Period

Installment = Grace period Profit [GPP] (step 4)
GP Grace period [GP] (dah kali dgn 12)

STEP 6: Profit Amount (PA)

PA = Selling Price [SP] (step 3) + Grace Period Profit [GPP] (Step 4)

STEP 7: Diagram

Amount (RM)

Step 2 (RM)

STEP 5(RM)

Month
GP x 12 PF x 12

GP = Grace period
PF = period of financing

AITAB [5STEP]

In Question

Tenure (T) = Years
Cost of Financing (CF) = RM
Profit Of Rate ( I ) = %
Penalty = month

Sometimes in question ask we calculate steps 2 mia

ADA SOALAN KASI SELLING PRICE
Selling price = cost financing + profit
@
Selling price – cost financing = profit

STEP 1 : Profit
P = Cost of Financing x [cth 8] Profit of rate x Tenure
100

@

P = Cost of Financing x [ cth 0.08] Profit of rate x Tenure =RM

@

P = CF x [ cth 0.08] Profit of rate x T =RM

STEP 2: Monthly installment Amount (MIA)

MIA = Cost Financing + profit (step 1) = RM
n

STEP 3 : Final installment amount (FIA)

FIA = [Cost financing + profit (step 1) ] – [ Monthly installment amount (step 2) x (N-1)] = RM

@

FIA = [CF+ profit (step 1)] – [MIA (step 2) x (N-1)] = RM STEP 4: Income Recognition (IR)

IR = Profit (step 1) - n (n+1) x Profit (step 1) =RM N (N+1)

N = tenure (years) x 12 = installment

n = N -1 = installment

example :

IR = 128000 - 95(95+1) x 128 000
96 (96+1)

1. 95 x 96
2. ANS / (96 x 97)
3. ANS x 128 000
4. 128 000 – ANS

STEP 5: Penalty

P= Unpaid installment amount (UIA) x Penalty rate fixed (0.01) x month 1 /12 @ days 30/365 [month / 12 (example give 4 month so kene wat 4 kali penalty 1/12) @ days /365 (example give april 2012 so kene wat 30/365]

Cth :

Month (overdue payment for 4 month) @ ( however he has problems that he did not pay it for 3 consecutive month ( ada 12 bulan) 1/12

1st month = RM 255.36 x 0.01 x 1/12 = RM 1
2nd month = (RM 255.36 x 2) x 0.01 x 1/12 = RM 2
3th month = (RM 255.36 x 3) x...
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