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  2. Hire purchase - Wikipedia

    en.wikipedia.org/wiki/Hire_purchase

    Hire purchase A hire purchase ( HP ), [ 1 ] also known as an installment plan , is an arrangement whereby a customer agrees to a contract to acquire an asset by paying an initial installment (e.g., 40% of the total) and repaying the balance of the price of the asset plus interest over a period of time.

  3. Personal contract purchase - Wikipedia

    en.wikipedia.org/wiki/Personal_contract_purchase

    Unlike a traditional hire purchase, where the customer repays the total debt in equal monthly instalments over the term of the agreement, a PCP is structured so that the customer pays a lower monthly amount over the contract period (usually somewhere between 24 and 48 months), leaving a final balloon payment to be made at the end of the ...

  4. Flexirent - Wikipedia

    en.wikipedia.org/wiki/Flexirent

    The customer was required to pay A$4,246.56 over 3 years, equating to an interest rate of approximately 40%. This is not an unusual case and can be verified by entering the applicable data into Flexirent's online quote calculator. Despite the large equivalent interest rates, the terms of a consumer lease dictate that the customer only has the ...

  5. Financial calculator - Wikipedia

    en.wikipedia.org/wiki/Financial_calculator

    A financial calculator or business calculator is an electronic calculator that performs financial functions commonly needed in business and commerce communities [1] (simple interest, compound interest, cash flow, amortization, conversion, cost/sell/margin, depreciation etc.).

  6. Hire Purchase under Shirkatul Melk - Wikipedia

    en.wikipedia.org/wiki/Hire_Purchase_under_Shirk...

    Hire Purchase under Shirkatul Melk (HPSM) is a type of hire purchase contract which has been developed through practice and approved in Shariah. The term is used in Islamic banking. It is a synthesis of three contracts: shirkat, ijarah and sale. Under this mode, banks supply goods on rental basis.

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  9. HP-12C - Wikipedia

    en.wikipedia.org/wiki/HP-12C

    The HP-12C is a financial calculator made by Hewlett-Packard (HP) and its successor HP Inc. as part of the HP Voyager series, introduced in 1981.It is HP's longest and best-selling product and is considered the de facto standard among financial professionals.

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