ou are planning to take a car, its cash price is Rs.800,000. Bank is offering seven year monthly payment plan at 18%. but instead of monthly payment plan, you are interested in quarterly installment. Compute the amount you will pay after each quarter. Suppose you are planning to take this car through bank loan but you already have saving of Rs.150,000 which you paid to bank as down payment and rest you agree on monthly installment at 18%. Compute monthly payment. Consider the following future value problem. The respective cash flows for t = 0, 1, 2, and 3 are $3,000, $2,000, $8,000, and $5,000 and the discount rate is ten percent. What is the future value at t = 4?
You are planning to take a car, its cash price is Rs.800,000. Bank is offering seven year monthly payment plan at 18%. but instead of monthly payment plan, you are interested in quarterly installment. Compute the amount you will pay after each quarter.
Suppose you are planning to take this car through bank loan but you already have saving of Rs.150,000 which you paid to bank as down payment and rest you agree on monthly installment at 18%. Compute monthly payment.
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