MakCik Kiah thinks while cycling to her weekly session “This girl is sincere and smart. I may be poor and uneducated but I will help her. Now I need her help”
“Salam, MakCik! Here so early?”
MakCik: “Dear, which loan to take, 7% or 8%?
My son says buy a new truck, but better save, no? Our old truck ok juga”
Puteri’s eyes narrow seeing the loan brochures. She gets her scientific calculator and
scribbles on an envelope.
No. 3 – Accurate comparison of loans
“MakCik, 7% loan is on simple interest and 8% on compound interest. You will save RM977 by taking the 8% loan. In our Financial Mathematics (FM) class, we learn about interest rates and loans”
No. 4 – Monthly Saving towards a goal
“You are right MakCik, don’t buy a new truck now, save first. In our FM class, we learnt about Future Values – I can calculate the monthly saving to buy the truck in 5 years time. Don’t worry”
MakCik, holding Puteri’s hands “Dear, I have spoken about you to Madam Lee (Beauty Salon) and Miss Surjit Kaur (Funiture shop). You will help them?
“Surely MakCik, I will”
As MakCik cycled away, Puteri thought “Time to assemble the crew. Puteri, Muthu & Ah Hock.”
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