A wagon is purchased on installment basis, such that Rs. 5000 is to be paid on the signing of the contract and four yearly installments of Rs. 3000 each payable at the end of the first, second, third and fourth year. If interest is charged at 5% p.a., what would be the cash down price?
A wagon is purchased on installment basis, such that Rs. 5000 is to be paid on the signing of the contract and four yearly installments of Rs. 3000 each payable at the end of the first, second, third and fourth year. If interest is charged at 5% p.a., what would be the cash down price?
