We develop a dynamic programming procedure to price installment options.
Installment options are Bermudan-style options where the holder periodically decides whether to exercise or not and then to keep the option alive or not (by paying the installment).
According to a source who knows Apple's India plans, this deal could be sweetened further by offering buybacks and monthly installment options to lower the upfront cost for buyers.
When it comes to paying for the garage, ask the company if there is an installments option.
While an installment payment option may not make sense for stores that sell items with low retail values, an option like Affirm could be a boon for retailers that sell higher-priced items like jewelry or expensive electronics.
Its Brazil-only marketplace has made a point of offering domestic brands, prices are listed in Brazilian reais, customer service is in Portuguese, and there is an installment payment option, a service offered at most stores in Brazil but infrequently on e-commerce sites.
A landmark gene therapy to treat a rare, inherited form of blindness will cost $850,000 — a price tag so daunting that its maker will offer health insurers partial rebates if the drug doesn't work and is seeking to pilot an installment payment option.
The plan launches Friday for existing and new Sprint customers who pay for a smartphone at full price, bring their own device or get one through Sprint's Easy Pay plan, the company's installment billing option.
Each installment has the option, if need be, to wipe the slate mostly clean and start from scratch.
If paying the IRS is an even more serious problem for you, push for a partial-payment installment agreement, an option created by Congress in 2004.
