Tuesday, February 7, 2012

----KepadaMU Ya Allah kami BerSerah ----



Walaupun mungkin posting ini sekadar sia-sia, tetapi jauh di sudut hati 0.000000001% still berharap miracle do exist dan makandak akan dapat kembali Pendant pemberian my beloved abah ini.....

" Makandak telah di ragut di Taman Seri Gombak pada kira-kira pukul 1230 tgh hari 7-2-2012, I don"t care much about the rantai as I bought it myself but the pendant has significant value to me as this been given by my beloved abah, kepada pengusaha kedai emas atau sesiapa juga  yg di datangi oleh peragut ini atau di hadiahkan pendant ragut ini - as this was specially made for me - only 1 in whole wide world, harap dapat memulangkan kembali at least the Pendant to me"

Utk Peragut, Semoga Allah SWT membalas kejahatan yang anda lakukan..... u're neither human nor animal... for myself u're syaitan bertopengkan manusia...... lebih hina dari binantang... 

Prior to that, on January 31,2012 I was involved in car accident, whereby someone has bang his car into  cik CITY of mine while we both stop at red traffic light, tho it was not my fault, as a result I'm currently CAR less until further notice, luckily I still has my cik WIRA with me.

Also in January , I was offered a position of AP Accountant with MNC company with Five figure salary, but the offer has been pull back due to unsatisfactory pre-employment medical screening, tho 2nd opinion say differently, I believed that not my rezeki after all, semoga Allah SWT mengantikanya dengan sesuatu yang lebih baik buat makandak dunia akhirat, Insyallah.

While early January 2012, my beloved abah has been diagnosed with certain illness and had undergo an operation, Alhamdulillah tho currently still at recovery state, he is getting better day by day.... always pray for his fast recovery, Ameen.



Before all those above, in the middle of last year or around September 2011, my beloved kak long has been diagnosed with bone cancer stage 4, she now under Iressa 250 mg medication as alternative of chemotherapy, semoga Allah SWT memudahkan jalan penyembuhan buat abah dan kak long, Insyallah.



Sepertinya dugaan yang silih berganti Allah SWT berikan pada makandak dan keluarga, sehingga seorang kawan memberi cadangan agar makandak mandi bunga, mandi tolak bala dan sebagainya.... Tetapi pada makandak Allah SWT tidak akan sekali kali menzalimi hambanya, justeru DIA menduga setakat kemampuan kita hambanya, makandak percaya itu, pastinya ada hikmah yang tersembunyi yang mungkin kita tidak sedari.Insyallah pasti ada cahaya di hujung perjalanan....

Sesuatu yang pasti dugaan-dugaan ini menjadikan kami sekeluarga lebih dekat padaNYA dan antara satu sama lain juga, sentiasa memohon semoga di permudahkan segala urusan kami kedepannya.

Ya Allah ya Tuhan Kami, KepadaMU kami beriman, kepadaMU kami bertawakal, kepadaMU kami berserah diri, Permudahkanlah urusan Kami, Jadikanlah kami hambaMu yang sentiasa bersyukur dalam menerima segala  RahmatMU, bersabar dalam menerima segala dugaanMU dan sentiasa Redha dalam menerima segala ketentuanMU. Hidupkanlah kami dalam Iman, Matikanlah kami dalam IMAN serta berkatilah kehidupan kami di dunia dan Akhirat. Ameen ya Rob.......

Saturday, February 4, 2012

simple hire-purchase loan calculation for prospective new car owner

hi everyone.... wishing all Malaysian have a great long holiday. As usual, being typically me long holiday mean travel 350km south bound visiting my beloved parents is must do agenda... but not this time as I'm on day 2 of 30 days CAR less challenge, furthermore mid-term exam is around the corner, to be exact will seat for my mid-term next week.

to those who planning getting your new car, please be aware that interest rate been provided to us by the car dealer sometimes bit misleading as such it's important for us to know how much the actual interest rate that we actually have to pay.


simple calculation as follows, its based on current price of MAZDA 3 in Malaysia.



DETAILS
Car brand/ Type : Mazda3 CKD sport 2.0 HB
Retail Price with Insurance : RM139,760.20
Down payment (10%) : RM 14,044.00
Total loan required : RM125,716.20
Tenure : 7 years
Interest Rate : 2.6%



PV= RM125,716.20 n=7 i=2.6%


1. What total interest will becharged on this loan for entire 7 years duration?


Ø RM125,716.20 x 0.026 x 7

= RM22,880.35



2. What is the monthly instalment?


Ø (RM125,716.20 + RM22,880.35) / (7 x 12)

Ø RM148,596.55 / 84

= RM1,769.00




3. What annual percentage rate(APR) is actually being charged here?



PMT = RM1,769.00 n = 84 PV= RM125,716.20 FV = 0

I = solve = 0.40556

Annual Rate = 0.40556 x 12

= 4.8667%



4. What is the effective annualrate (EAR)?



EAR = (1 + 0.048667 / 12) 12 - 1

= 0.049767 x 100

= 4.98%




5. After paying the 50th.Instalment, what will be the loan balance ?


PMT = RM1,769.00 i = 4.8667/12 = 0.40556 n = 84 – 50 = 34 FV = 0

PV = solve = RM56,077.45


Based on above calculation when the car dealer told us that the interest rate is 2.6%, the effective annual rate that we have actually been charged were 4.98%, so its advisable to have more down payment, to lower down amount of loan required.


Happy shopping on your NEW CAR............. much luv, makandak