Wednesday
April 1, 2015

Homework Help: maths

Posted by donald on Wednesday, November 23, 2011 at 3:37am.

The hypothetical finance ltd has structured a hire-purchase deal. The required to make a down payment of 20 percent of the investment cost. The hire term is four years with quarterly payment in advance. The flat rate of interest is 13 percent. The finance company would charge a front-ended documentation and service fee and rebate for prompt payment@ 0.5 percent and 1 percent of investment outlay respectively.
Assuming after paying 24th, installment, a hirer wishes the purchase options, what is the interest rebate according to (i) actuarial method, (ii) rule of 78 method and, (iii) SLM?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

maths - The hypothetical finance ltd has structured a hire-purchase deal.The ...
MBA FINANCE - 1. The Hypothetical Finance Ltd has structured a hire-purchase ...
MBA FINANCE - 1. The Hypothetical Finance Ltd has structured a hire-purchase ...
MBA Executive : Banking & Finance - The Hypothetical Finance Ltd has structured...
banking and financial services management - The Hypothetical Finance Ltd has ...
college-Financial Services(MBA) - The Hypothetical Finance Ltd has structured a ...
Finance - anthony bought a boat 3 years ago, and at that time he put a down ...
Finance Help! 3 questions - Hi, i was wondering if someone could please help me ...
managerical finance - You want to purchase a new condominium which costs $329,...
Finance Math - Jane made a down payment of 1500 dollars toward the purchase of a...

Members