Question
An accessory is for sale for cash payment for $ 900,000, but there are two credit plans with which it can be purchased. Plan 1:
An accessory is for sale for cash payment for $ 900,000, but there are two credit plans with which it can be purchased.
Plan 1: Initial fee of 30% and 12 monthly installments of $ 62,989
Plan 2: Initial fee of 20% and 24 monthly installments of $ 43,000
What would be the best credit alternative? Develop it using the Internal Rate of Return.
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International Finance Transactions Policy And Regulation
Authors: Hal Scott, Anna Gelpern
21st Edition
1634602048, 978-1634602044
