Best Deal for Android

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Application Screenshot:
Best Deal for Android
Application Details:
Version: 1.3.7 updated
Upload Date: 2 Apr 12
Developer: Thiago Rosa
Distribution Type: Freeware
Downloads: 29
Size: 345 Kb

Rating: 4.5/5 (Total Votes: 2)

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Best Deal for Android - This application 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
Decision:
If you leave the down payment value invested, will you get a higher interest rate than the installment embedded interest rate?
If the answer is "YES", then it is worth choosing installments, because you will earn more than the interest charged.
If the answer is "NO", it is better to pay cash.

What's New in This Release:

· bug fixed

What's New in 1.3.0:

· small performance tweak

What's New in 1.2.8:

· basic tablet support

What's New in 1.1.9:

· small layout adjustments

What's New in 1.1.7:

· released for all countries

What's New in 1.1.6:

· small bug fixes

What's New in 1.0.9:

· small adjustments

What's New in 1.0.7:

· layout adjustments

What's New in 1.0.4:

· small internal changes

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