Homework Help: Finance

Posted by SS on Saturday, February 19, 2011 at 3:09pm.

Mr. A has taken a car on lease. The down payment is80% of Total amount which is 200000rs. it is mutually agreed that 24equal payments would be made for the remaining amount by paying first installment todcay. which would be in addition to the down payment. the duration of the down payment be every quarter and interest rate is 19% compounded monthly. calculate inatallmants and construct amortization schedule.

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