INSTITUT PENDIDIKAN GURU KAMPUS GAYAPPISMP PC/PJ/PSV SEM 1

KEMAHIRAN GENERIK: MATEMATIK TAKSIRAN

(BASIC MATHEMATICS)

NAMA AHLI KUMPULAN

CASE STUDY 2

1.EUNICE CHONG YEE

YUAN

2.Lady vyona fung phui

chin

Case study 2

Sally, a trained primary school teacher was posted to a city to teach. With the number of available bank loan schemes Sally hopes to buy a small terrace house. Her monthly salary is RM2300 while her monthly saving is RM1000. Sally hopes to own the house after 20 years.

BASIC MATHEMATICS

In my opinion, I will recommend Sally to choose the house loan schemes which the house prices are in the range of hundred thousand with lower interests.

This is because Sally’s monthly budget is nine hundred and forty only. Then, she can afford to pay the house loan successfully and

finally has own terrace house.

BUDGETING:

Budget generally refers to a list of

all planned expenses. It is a plan for saving and spending.

Catego

ryIncom

eSaving

sFood Other

sAmoun

tsRM2,30

0 RM1,00

0 RM23

0 RM130

Budgeting: RM940

Budgeting Saving Food Other0

200

400

600

800

1000

1200

Sales

Sales

Graph bar chart pie

Sales

BudgetingSavingFoodOther

From the two schemes shown as below, I will choose the best and affordable loan scheme which suitable for her to ensure that she can complete paying for her house loans.

Therefore, she can afford to own a terrace house.

Budgeting RM 940

House Price RM 150,000Interest RM150,000 x 2.15% x

20years= RM 64,500

House Loan RM150,000 + RM 64,500= RM 214,500

Payment for per Month

RM 214,500 / 240 months= RM 893.75

HOUSE LOAN 1

Price: RM 150, 000 Type: Double Storey Terrace House Bedrooms: 3 Size: 1400 sq.ft. Tenure : --Location : Taman Sejati Indah, Sungai Petani (Kedah). Near Giant & Parkson Ria Supermarket, Food Court, Petrol Station & other anenities.

Facilities/Advantages

Double storey terrace house with 3 bedrooms and 3 bathrooms.Unit renovated with extension kitchen, kitchen cabinets, master bedroom fully furnish, doors and windows metal grills and car pouch. Unit is in excellent condition and complete with electrical equip include 2 units Air Cond. Can be sold with or without house furnishings.Near Giant & Parkson Ria Supermarket, Food Court, Petrol Station & other anenities Easy access to North South Highway.

HOUSE LOAN 2Budgeting RM 940House Price RM235,000Interest(first year) RM235,000 x 3.4%

=RM7,990Interest(second year and above)

RM235,000 x 2.4% x 29 years=RM163,560

Interest of the loan RM163,560 + RM7,990 =RM171,550

House Loan RM171,550 + RM 235,000=RM 406,550

Payment for per month

RM 406,550 / 360months= RM 1,129.31

Price : RM235,000 Type : Double Storey Terrace House Bedrooms: 4 Size : 1750 sq.ft. Tenure: 99

Location : Putra Perdana Double Storey House (Selangor).

Facilities/Advantages

Double storey terrace house with 4

bedrooms.

24 hour security.

Has a playground opposite of the

house.

The new interchange linking MEX will

be put use soon.

An exciting shortcut route to Putra

Jaya KLIA is already put in use.

House loan 1 House loan 2House price is RM 150,000

House Price is RM 235,000

Interest is 2.15% Interest is 3.4% for first month and 2.4% for second month and above

Payment per month is RM 893.75

Payment per month is RM 1,129.31

COMPARISON BETWEEN 2 SCHEMES

Facilities And Advantages

Of House Loan 1

Double storey terrace house with 3 bedrooms and 3 bathrooms.Unit renovated with extension kitchen, kitchen cabinets, master bedroom fully furnish, doors and windows metal grills and car pouch. Unit is in excellent condition and complete with electrical equip include 2 units Air Cond. Can be sold with or without house furnishings.Near Giant & Parkson Ria Supermarket, Food Court, Petrol Station & other anenities Easy access to North South Highway.

Facilities AndAdvantages

Of House Loan 2

Double storey terrace house with 4

bedrooms.

24 hour security.

Has a playground opposite of the

house.

The new interchange linking MEX will

be put use soon.

An exciting shortcut route to Putra

Jaya KLIA is already put in use.

They are only one of the loan schemes

that Sally can afford to pay as her budget is RM 940 only.By choosing the first house loan,

Sally has more extra savings to budget to buy other things. Furthermore, the first house loan

has less interest than second house loan. Then, it will not be the burden in her daily life.

IN CONCLUTION…… I will recommend Sally to choose the first house loan schemes because it is very economical, convenience and suitable to her.

Thank you