Friday
November 28, 2014

Homework Help: banking and financial services management

Posted by kishor on Sunday, April 15, 2012 at 12:15pm.

The Hypothetical Finance Ltd has structured a hire-purchase deal. The required to make a down
payment of 20 per cent of the investment cost. The hire-term is four years with quarterly payment
in advance. The flat rate of interest is 13 per cent. The finance company would charge a frontended
documentation and service fee and allow rebate for prompt payment @ 0.5 per cent and 1
per cent of investment outlay respectively.
Assuming after paying 24th installment, a hirer wishes the purchase option, 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

college-Financial Services(MBA) - The Hypothetical Finance Ltd has structured a ...
MBA Executive : Banking & Finance - The Hypothetical Finance Ltd has structured...
MBA FINANCE - 1. The Hypothetical Finance Ltd has structured a hire-purchase ...
MBA FINANCE - 1. The Hypothetical Finance Ltd has structured a hire-purchase ...
maths - The hypothetical finance ltd has structured a hire-purchase deal. The ...
maths - The hypothetical finance ltd has structured a hire-purchase deal.The ...
Finance Math - Jane made a down payment of 1500 dollars toward the purchase of a...
finance 32 - 32. the financial markets allocate capital to corporations by A. ...
Math - Jim made a down payment of 1000 dollars toward the purchase of a car. To ...
finance mortgage payment - Purchase a home for $160,000. I intend to put down 20...

Search
Members