Finance
posted by SS .
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.
Respond to this Question
Similar Questions

Finance
I need help with this finance homework question PLEASE! Any help greatly appreciated! Your firm has been presented a leasing alternative on a new pizza dough machine. The annual lease payments would be $135m. Tax rate is 40%. The lease … 
Accounting
The City of Jamestown has agreed to acquire a new city maintenance building under a capital lease agreement. At the inception of the lease, a payment of $100,000 is to be made; nine anual lease payments, each in the amount of $100,000, … 
Math
Jennifer has a 60month fixed installment loan, with a monthly payment of $223.04. The amount she borrowed was $11,000. Instead of making her 36th payment, Jennifer is paying the remaining balance on the loan. What is the total amount … 
Math
Tim Worker buys a new sofa for $549.95. He pays 20% down and takes an installment loan to complete the purchase. He makes 12 payments which include his principal and a $50.00 finance charge. What is the APR on his loan? 
math
OMG I CAN NOT get this !!!! Purchase price of article = $495 Down payment = $50 Number of payments = 36 True annual interest rate = 18% Monthly payment amount = $ The formula is I= 2YC ________ M(N+1) y = the number of payments made … 
QUANTITATIVE REASONING FOR BUSINESS
FOR AN INSTALLMENT LOAN, A FORMULA IS USED TO FIND THE TOTAL AMOUNT OF INSTALLMENT PAYMENTS. THE FORMULA IS TOTAL INSTALLMENT PAYMENTS = INSTALLMENT PRICE  DOWN PAYMENT. THE FORMULA CAN BE WRITTEN IN SYMBOLS AS T = P  D. SOLVE THE … 
math
Tim Worker buys a new sofa for $629.95. He pays 25% down and takes an installment loan to complete the purchase. He makes 12 payments which include his principal and a $60.00 finance charge. What is the APR on his loan to the nearest … 
consumer math
Tim Worker buys a new sofa for $629.95. He pays 25% down and takes an installment loan to complete the purchase. He makes 12 payments which include his principal and a $60.00 finance charge. What is the APR on his loan to the nearest … 
Business Math
Jeanna wants to buy a new boat for her family. She has two payment options. The first option is to pay a cash payment of $7,200. The second option is to finance the boat with a three year installment loan. The loan requires a 10% down … 
Math
Suppose you borrowed $25,000 for a car at an APR of 8%, which you are paying off with monthly payments of $510 for 5 years. a) Whatâ€™s the loan principal?