Best Deal 1.3.14
Free Version
Publisher Description
This app helps you decide what is more advantageous: a down payment or installments!
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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
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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
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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 chosing installments, because you will earn more than the interest charged.
If the answer is "NO", it is better to pay cash.
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More Info:
http://www.thiagorosa.com.br/en/projects/best-deal
About Best Deal
Best Deal is a free app for Android published in the Accounting & Finance list of apps, part of Business.
The company that develops Best Deal is Thiago Rosa. The latest version released by its developer is 1.3.14. This app was rated by 1 users of our site and has an average rating of 4.0.
To install Best Deal on your Android device, just click the green Continue To App button above to start the installation process. The app is listed on our website since 2013-03-10 and was downloaded 24 times. We have already checked if the download link is safe, however for your own protection we recommend that you scan the downloaded app with your antivirus. Your antivirus may detect the Best Deal as malware as malware if the download link to com.wiirecords.bestdeal is broken.
How to install Best Deal on your Android device:
- Click on the Continue To App button on our website. This will redirect you to Google Play.
- Once the Best Deal is shown in the Google Play listing of your Android device, you can start its download and installation. Tap on the Install button located below the search bar and to the right of the app icon.
- A pop-up window with the permissions required by Best Deal will be shown. Click on Accept to continue the process.
- Best Deal will be downloaded onto your device, displaying a progress. Once the download completes, the installation will start and you'll get a notification after the installation is finished.
