1. You are planning to take a car, its cash price is Rs.800,000. Bank is offering seven year monthly payment plan at 18%. How much monthly installment will be offered by bank? 2.Suppose you are accepting bank offer as given in Q No.1 but want to amortize whole loan in five years. What monthly installment will be offered by bank?
1. You are planning to take a car, its cash price is Rs.800,000. Bank is offering seven year monthly payment plan at 18%. How much monthly installment will be offered by bank? 2.Suppose you are accepting bank offer as given in Q No.1 but want to amortize whole loan in five years. What monthly installment will be offered by bank?
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 3PA: Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate...
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1. You are planning to take a car, its cash price is Rs.800,000. Bank is offering seven year monthly payment plan at 18%. How much monthly installment will be offered by bank?
2.Suppose you are accepting bank offer as given in Q No.1 but want to amortize whole loan in five years. What monthly installment will be offered by bank?
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