KOLEJ PROFESIONAL MARA SERI ISKANDAR

PERAK DARUL RIDZUAN

GROUP ASSIGNMENT (15%)

CLO 2: Present in group a business report graphically and numerically using instalment purchased
concept in performing effective communication.
COURSE NAME : BUSINESS MATHEMATICS
COURSE CODE : MAT 1013
SESSION : 3/2020
DATE OUT : 11 DECEMBER 2020
DATE IN : 26 DECEMBER 2020
PROGRAM : DIPLOMA IN MARKETING
DIPLOMA IN INTERNATIONAL BUSINESS
DIPLOMA IN BUSINESS INFORMATION
TECHNOLOGY

GENERAL INSTRUCTIONS:

 Carefully check the submission date and the instructions given with the assignment/project.
Late submission will not be accepted.
 Ensure that you give yourself enough time to complete the assignment/project by the due
date.
 If you are unable to submit your assignment/project on time and have valid reasons such as
illness, you may apply (in writing) for an extension.
 If you use other people’s work or ideas in your assignment/project, kindly reference them
using APA system.
 NOTE: If you are caught cheating or plagiarizing, you will be referred to the Disciplinary
Board and may be granted a failing “F” grade for the course work or for the unit
undertaken.

VERIFICATION
Prepared by: Azlina Binti Mokhtar Date: 4 December 2020
Verified by:
Course Leader Internal Verifier Copy Editor Head of Department
Initial Azlina Binti Initial Omar Azyan Initial Nur Adilah Initial Noor Aisyah
Mokhtar Samsudin Mohd
Baharuddin
Signature Signature Signature Signature

Date 4/12/2020 Date Date Date

 PROBLEM STATEMENT

In our lives, we travel from one place to another for a great variety of reasons and while
travelling we greatly depend on cars. The number of car owners is increasing every day
because every person expects the freedom to travel and comfort while travelling. And that is
why most of us want to own a car.

You are a fresh graduate who wish to start a life. You are lucky to succeed the recent interview
and now you received the offer as below.

Private Sector

Position : Executive
Salary : RM3800.00
Our income is the most important thing to be considered when selecting the type of cars. It is
important to ensure your provision for the car loan is not more than one third of your gross
income.

You have a saving amounted to RM10,000 to pay at least 10% of the deposit to buy a car. In
order to buy the car, you are required to draft your financial planning and choose one of the
financing options below.

Easy Win Bank Berhad A-Z Rich Bank Berhad

 At least 10% down payment of the cash  At least 10% down payment of the cash
price price
 5.5% per annum flat rate  6% per annum on reducing balance
 Maximum loan is 9 years  Maximum loan is 9 years

In your report, you must explain about the concept of interest charge based on original balance
and reducing balance method. It also needs to include the photo of your chosen car, its
catalogue price and details about the advertisement. You must list down your reference website
URL address and the cash price of the car in your report.

You must determine the amount of down payment and show clearly your calculation for the
monthly payment, total interest charged and the instalment price using both banks offer as
stated above. Once you have completed your calculations, you must decide which option that
gives a better deal and give your reasons.
 ASSESSMENT RUBRICS FOR REPORT

GROUP : ...................................................... CLASS : ..............................

1. NAME:........................................................ ID NUMBER : ..............................

2. NAME:........................................................ ID NUMBER : ..............................

MARK MARK
ITEM OBTAIN

Report Writing (Group evaluation) 50

a) Introduction 2
b) State the URL website and car dealer shop 2
c) Attach detail information of the car and photo for the 3
chosen car
d) State the cost /cash price of the item 1
e) Give at least 2 reasons why did you choose that car. 4
f) State the rate of interest, duration of payment and the 4
number of payments required
g) Identify the original balance 2
For interest charge based on original balance:
h) Show calculation of amount of interest paid 4
i) Show calculation of monthly payment. 4
j) Show calculation of instalment price 4
For interest based on reducing balance:
k) Show calculation of amount of interest paid 4
l) Show calculation of monthly payment. 4
m) Show calculation of instalment price 4
Decision making
n) State the right decision and give at least 3 reasons 4
o) Summarize your findings and give your opinion about the 4
advantages of instalment purchase.
TOTAL 50
PERCENTAGE 5%