Financial Services: Long Question. 1. The Hypothetical Finance Ltd has structure

Financial Services: Long Question.
1. The Hypothetical Finance Ltd has structured a hire-purchase deal. The required to makes a down payment of 20 per cent of the investment cost.The hire-term is four years with quarterly payment in advance. The flat rate of interest is 13 per cent. The finance company would charge a front ended documentation and service fee and allow rebate for prompt payment@0.5 per cent and 1per cent of investment outlay respectively Assuming after paying 24th installment a hire wishes the purchase option what is the interest rebate according
(i)actuarial method(ii)rule of 78 method and(iii)SLM?