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Mr . Rajesh plans to buy a car and start ride sharing profession ( Uber ) . Currently, he works in a company as a
Mr Rajesh plans to buy a car and start ride sharing profession Uber Currently, he works in a company as a driver and earns per month. The price of the car is and he wants to take loan taking the car as mortgage in the bank. That bank agrees to issue the loan for years with an interest rate of pa and the installments have to be paid quarterly. Calculate the installment amount and prepare and loan schedule. Should Mr Rajesh buy the car if he can earn per month? What would be the installment sizeamount if the installments are due at the beginning of each quarter?
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