Pradeep has bought a house worth Rs. 50,00,000. He has decided to put 10 lakhs of his own savings and borrowed Rs. 40,00,000 at a rate of 10% APR. The loan was to be repaid in Equated Monthly Instalments (EMIs) over a period of 15 years. The EMIs are to be paid in the beginning of each month. Prepare a loan amortization schedule. on excel
Pradeep has bought a house worth Rs. 50,00,000. He has decided to put 10 lakhs of his own savings and borrowed Rs. 40,00,000 at a rate of 10% APR. The loan was to be repaid in Equated Monthly Instalments (EMIs) over a period of 15 years. The EMIs are to be paid in the beginning of each month. Prepare a loan amortization schedule. on excel
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Pradeep has bought a house worth Rs. 50,00,000. He has decided to put 10 lakhs of his own savings and borrowed Rs. 40,00,000 at a rate of 10% APR. The loan was to be repaid in Equated Monthly Instalments (EMIs) over a period of 15 years. The EMIs are to be paid in the beginning of each month. Prepare a loan amortization schedule.
on excel
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