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Ex 5.2.23

This document is a response to Mrs. Joyce Mohammed regarding a hire purchase arrangement for a Kelvinator Electric Cooker. A deposit of $2,295.00 is required, followed by 24 monthly installments of $150.00, with a total hire purchase price of $3,744.00 after finance charges are applied.

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15 views1 page

Ex 5.2.23

This document is a response to Mrs. Joyce Mohammed regarding a hire purchase arrangement for a Kelvinator Electric Cooker. A deposit of $2,295.00 is required, followed by 24 monthly installments of $150.00, with a total hire purchase price of $3,744.00 after finance charges are applied.

Uploaded by

sayonasandhya2009
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Ref: HP/09 May 15, 2024

Insert current year


Mrs. Joyce Mohammed, Tragarete Road,
Woodbrook.
Dear Madam,
HIRE PURCHASE
In reply to your enquiry about our hp arrangement for a Kelvinator Electric Cooker, we wish to
inform you that if you deposit $2 295.00, you would have to pay 24 monthly instalments of
$150.00
Description of goods Cash price Hire Purchase Price

1 Kelvinator 30" Electric $5 295.00 Cash Price $5 295.00


Cooker Less Deposit 2 .295.00
Serial Number 308A2 Finance charge 3 000.00
Balance of hire 744.00
$3 744.00

Full details will be outlined in the hp agreement.


Yours faithfully
Judy Loren Sales Officer

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