number of months multiplied by amount of deposits
caluculation of intrest under hire purchase system
Hire
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Well it could be that you didn't do your homework from Algebra 1. :-) On a more serious note, it can be harder because it is a more advanced mathematical level. Especially, if you have a different teacher. Teachers also teach differently and have different expectation of their students. If you find that you need help you should talk to your teacher after class, maybe hire a tutor. Be sure to do your homework that is assigned and for extra help do homework that isn't assigned for more practice. Pay attention in class and take notes so you can review them when you get stuck.
Hire purchase
To find the hire purchase price, first determine the cash price of the item you wish to purchase. Then, calculate the total interest and any additional fees associated with the hire purchase agreement. Add these costs to the cash price to get the total hire purchase price. Finally, divide this total by the number of payment installments to find the amount payable per installment.
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origin and development of hire purchase
Hire purchase can give the good profit,
You can go online and purchase hire Fitness, or they even have the opportunity to lease their equipment. Hire Fitness equipment is not found in stores at this time.
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.
To calculate hire purchase installments, first determine the total cost of the item, including any interest and fees. Next, subtract the initial deposit from the total cost to find the financed amount. Divide this financed amount by the number of installments to find the monthly payment. Additionally, ensure to account for any additional charges that may apply throughout the hire purchase period.
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.
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.
higher purchase
caluculation of intrest under hire purchase system