Essay Business

6208 Words Oct 12th, 2013 25 Pages
Financial Services Q1. The Hypothetical Finance Ltd has structured a hire-purchase deal. The required to make 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 frontended documentation and service fee and allow rebate for prompt payment @ 0.5 per cent and 1 per cent of investment outlay respectively. Assuming after paying 24th installment, a hirer wishes the purchase option, what is the interest rebate according to (i) actuarial method, (ii) rule of 78 method and, (iii) SLM? Computer Fundamentals Caselet 1 Over the past two years Linux has spread like wildfire through corporate data centers. …show more content…
From DaimlerChrysler to Tommy Hilfiger – not to mention just about every major brokerage on Wall Street – Linux is gaining ground. Coming from near zero three years ago, Linux grabbed 13.7 percent of the $50.9 billion market for server computers in 2002. That figure is expected to jump to 25.2 percent in 2006, putting Linux in the No. 2 position, according to market researcher IDC. And get this: Starting in 2003, No. 1 Microsoft’s 59.9 percent share in the backwards. Even the surprise but shaky assault on Linux by SCO in its suit of IBM is not expected to slow the steady growth of Linux. Meanwhile, Linux is finding its way into countless consumer-electronics gizmos, including Sony PlayStation videogame consoles and TiVo TV-program recorders. “Has Linux come of age? The answer is absolutely, positively, unequivocally yes,” says Steven A. Mills, group executive for IBM Software. How did Linux make the jump into the mainstream? A trio of powerful forces converged. First, credit the sagging economy. Corporations under intense pressure to reduce their computing bills began casting about for low-cost alternatives. Second, Intel Corp., the dominant maker of processors for PCs, loosened its tight links with Microsoft and started marking chips for Linux; at the same time a resurgent IBM made a $1 billion investment in Linux compatibility across its entire product line. This made it possible for

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