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When was the Origin or development of hire purchase?
origin and development of hire purchase
What are the advantages and disadvantages of hire purchase?
someone answer it!
What are advantages of hire purchase?
There are several advantages of hire purchase. Some of these include having the specific item that you want, and owning something you typically cannot afford.
What are some financial options offered by Chrysler?
Some financial options offered by Chrysler include Personal Contract Hire, Baloon Hire Purchase and Hire Purchase. You can get more information about these options online at the Chrysler website.
What is the difference between hire purchase and installment sales?
Whd0
What is the meaning of interest on purchase price?
It means if u have something on hire purchase over a longer period you have to pay interest .
What is the formula for hire purchase?
Hire purchase is calculated using the simple interest formula, and interest is only calculated on the amount owing. A = S ( 1 + i.n) Where: A = Total amount after interest S = Starting amount after deposit has been subtracted (no interest) i = Interest rate (divide the % by 100, and then again by 12, 4, or 6 depending on the number of times interest will be calculated) n = number of time periods that the purchase agreement states to pay over (24 months, etc) Substituting the given values into the formula will give you the total amount to be paid after interest has been accrued. To calculate the repayments, you divide the answer derived as A (total amount) by the number of repayments (n) you have to make. It is a really simple process, and it will only ever use the simple interest formula. Hope this was helpful ^^
When was the Origin or development of hire purchase?
origin and development of hire purchase
What is block discounting?
Block Discountingis where Individual X, dealing business by way of hire-purchase agreements or credit-sale agreements, contracts with Finance House Y to sell his interest in those hire-purchase and credit sale agreements at a discount.
What are the advantages of hire purchase as a source of finance?
Hire purchase can give the good profit,
Help you raise a car loan through hire purchase?
leasing and hire purchase are financial facilities which allow a business to use an assest over a fixed period,in return for regular period. if any of you take lone from a financier it will put interest over the hole lone for hole time except of putting interest from month to month. if you take loan from bank it will put interest on money form month to month.
Calculate the hire purchase price of a bed for which a deposit of 10 percent on the cash price 1500 must be made and 24 weekly installments of 70?
10/100*1500=150 70*24=1680 1680+150=1830 is the hire purchase price.
Advantage of hire purchase?
One advantage of hire process is that it allows low-income individuals to purchase items that would otherwise be out of their budget. Hire purchase is also known as installment plan.
Is it a purchase or refinance when one heir buys out the other?
That would be the purchase of an interest in real property.That would be the purchase of an interest in real property.That would be the purchase of an interest in real property.That would be the purchase of an interest in real property.
Why would a company use hire purchase?
The legal term for hire purchase is a contract. Companies may prefer using hire purchase because it spreads the costs of expensive items over a period of time.
What means repossesion as regard to hire purchase?
If a company fails to make it's repayment under the hire purchase agreement then the loan providers can tale the goods bought under the hire purchase as settlement for the loan.
What is hire purchase?
Hire purchase(frequently abbreviated to HP) is the legal term for a contract, in cases where a buyer cannot afford to pay the asked price for an item of property as a lump sum but can afford to pay a percentage as a deposit, a hire-purchase contract allows the buyer to hire the goods for a monthly rent. When a sum equal to the original full price plus interest has been paid in equal installments, the buyer may then exercise an option to buy the goods at a predetermined price (usually a nominal sum) or return the goods to the owner.
