Answer to Question #28690 in Quantitative Methods for Sono Jaja

Question

JWH company is known for its shoes designs. The company is expanding and have to open a new branch in Johor which will cost RM400000. The company received two different offers, one from Bank A and the other from Bank B. You have been approached to advise the company of the financing options that have been identified to facilitate this expansion. You need to perform the necessary quantitative analyses(as given below) and prepare a report for JWH company, where you describe your findings and make appropriate recommendations.
(a) Bank A charges an interest of 12% per annum compounded quarterly.
a- Calculate the quarterly payments that have to be made by the company on this loan.( To 2 decimal Place.