Example of Amortize
CA3014 Fundamentals of Financial Accounting
Buy a car report
By:
Name: ID:
Suthirat C. 5217474
Thanchanok B. 5218104
Saranya T. 5230503
Nuttapong A. 5233208
Thanya K. 5235114
Submitted to:
Aj.Jiroj Buranasiri
Sec.403
I am going to buy a Mercedes Benz E250CGI price is 4,590,000 Baht which is luxurious and classic because I have a strong brand of Mercedes Benz since I was young and like how it look.This series is not look old but it has a bit sport car too.
I have a survey in many kinds of car dealers which place that the price is suitable and reasonable because some dealers set the car price very high to the people who not know profession in car or for the people who are rich .Finally,I choose SPYDER auto import is a new opening shop from young generations who graduated from Assumption University.They love car that’s make them decided to open their own shop and the price is reasonable with the good service.
I have income salary per month around 300,000 Baht
For the down payment of the this car, the minimum is 40% because it is a CBU car (Completed Built Up car from Spyder auto import)
For the interest fix rate per year of this car is 2.45% from Krungsri GE car for cash
They give you a selection from one to five years ,I decide to have an installment for 5 years which is 60 months
The calculation
Down Amount=Price*Down100=4590000*40100=1,836,000 Baht and Balance payment=Price-Down Amount=4,590,000-1,836,000=2,754,000 Baht
Find the interest
Interest=P*interest rate*time (year) =1,836,000*2.45 /100*5 =337,365 Baht Total amount=Payment+Interest =2,754,000+337,365 = 3,091,365 Baht
monthly payment= total amount÷no .of months
=3,091,36560 mths
=51,522.75 Baht/month month | loan amount | loan value/month | interest/month | installment/mth | balance payment | | | 2,754,000/60 | | | | 1 | 3,091,365 |
Buy a car report
By:
Name: ID:
Suthirat C. 5217474
Thanchanok B. 5218104
Saranya T. 5230503
Nuttapong A. 5233208
Thanya K. 5235114
Submitted to:
Aj.Jiroj Buranasiri
Sec.403
I am going to buy a Mercedes Benz E250CGI price is 4,590,000 Baht which is luxurious and classic because I have a strong brand of Mercedes Benz since I was young and like how it look.This series is not look old but it has a bit sport car too.
I have a survey in many kinds of car dealers which place that the price is suitable and reasonable because some dealers set the car price very high to the people who not know profession in car or for the people who are rich .Finally,I choose SPYDER auto import is a new opening shop from young generations who graduated from Assumption University.They love car that’s make them decided to open their own shop and the price is reasonable with the good service.
I have income salary per month around 300,000 Baht
For the down payment of the this car, the minimum is 40% because it is a CBU car (Completed Built Up car from Spyder auto import)
For the interest fix rate per year of this car is 2.45% from Krungsri GE car for cash
They give you a selection from one to five years ,I decide to have an installment for 5 years which is 60 months
The calculation
Down Amount=Price*Down100=4590000*40100=1,836,000 Baht and Balance payment=Price-Down Amount=4,590,000-1,836,000=2,754,000 Baht
Find the interest
Interest=P*interest rate*time (year) =1,836,000*2.45 /100*5 =337,365 Baht Total amount=Payment+Interest =2,754,000+337,365 = 3,091,365 Baht
monthly payment= total amount÷no .of months
=3,091,36560 mths
=51,522.75 Baht/month month | loan amount | loan value/month | interest/month | installment/mth | balance payment | | | 2,754,000/60 | | | | 1 | 3,091,365 |