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SmartphoneBest Deal v1.2.4 For Android 2.1+. This app helps you decide what is more advantageous: a down payment or installments!
This app helps you decide what is more advantageous: a down payment or installments!
EXAMPLE 1 - Total Amount: $12000.00
Option 1: buy in cash with a discount of 10%
Amount to be Paid: $10800.00 (with discount)
Option 2: to divide the purchase in 12x of $1000.00
Total Value: $10800.00 (this is the down payment value)
Installment Value: $1000.00
Periods: 12
Result: embedded interest of 1.66% per month
EXAMPLE 2 - Total Amount: $12000.00
Option 1: buy in cash at a discount of 5%
Amount to be Paid: $11400.00 (with discount)
Option 2: to divide the purchase in 24x of $500.00
Total Value: $11400.00 (this is the down payment value)
Installment Value: $500.00
Periods: 24
Result: embedded interest of 0.41% per month
This app helps you decide what is more advantageous: a down payment or installments!
EXAMPLE 1 - Total Amount: $12000.00
Option 1: buy in cash with a discount of 10%
Amount to be Paid: $10800.00 (with discount)
Option 2: to divide the purchase in 12x of $1000.00
Total Value: $10800.00 (this is the down payment value)
Installment Value: $1000.00
Periods: 12
Result: embedded interest of 1.66% per month
EXAMPLE 2 - Total Amount: $12000.00
Option 1: buy in cash at a discount of 5%
Amount to be Paid: $11400.00 (with discount)
Option 2: to divide the purchase in 24x of $500.00
Total Value: $11400.00 (this is the down payment value)
Installment Value: $500.00
Periods: 24
Result: embedded interest of 0.41% per month
