Wednesday
July 23, 2014

Homework Help: MBA FINANCE

Posted by MBA FINANCE on Monday, July 8, 2013 at 1:16am.

1. 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 front ended
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 briefly

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

MBA FINANCE - 1. The Hypothetical Finance Ltd has structured a hire-purchase ...
MBA Executive : Banking & Finance - The Hypothetical Finance Ltd has structured...
college-Financial Services(MBA) - The Hypothetical Finance Ltd has structured a ...
banking and financial services management - The Hypothetical Finance Ltd has ...
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 mortgage payment - Purchase a home for $160,000. I intend to put down 20...
Maths - In order to make some home improvements, a home owner spent $40,000. He ...
Economics - 21st Century Electronics has discovered a theft problem at its ...

Search
Members