Scribd Logo
Upload

Welcome to Scribd!

  • Loan Amount Loan Term (Years) Payments Per Year Rate of Interest Monthly Installment

    Uploaded by

    anon_560741093
    15 views2 pages
    This document shows the loan details and repayment schedule for a Rs. 200,000 loan taken over 3 years at an interest rate of 18% compounded monthly. The monthly installment is Rs. 7,230. Over the loan term, the interest paid decreases each month while the principal portion increases, with the outstanding balance decreasing until the loan is paid off in full after 36 monthly payments.

    Original Description:

    emi

    Original Title

    emi cal

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document shows the loan details and repayment schedule for a Rs. 200,000 loan taken over 3 years at an interest rate of 18% compounded monthly. The monthly installment is Rs. 7,230. Over the loan term, the interest paid decreases each month while the principal portion increases, with the outstanding balance decreasing until the loan is paid off in full after 36 monthly payments.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    15 views2 pages

    Loan Amount Loan Term (Years) Payments Per Year Rate of Interest Monthly Installment

    Uploaded by

    anon_560741093
    This document shows the loan details and repayment schedule for a Rs. 200,000 loan taken over 3 years at an interest rate of 18% compounded monthly. The monthly installment is Rs. 7,230. Over the loan term, the interest paid decreases each month while the principal portion increases, with the outstanding balance decreasing until the loan is paid off in full after 36 monthly payments.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Loan Amount

    Loan Term (Years)


    Payments Per Year

    200000
    3
    12

    Rate of Interest
    18.00%
    Monthly
    Installment
    7230
    Values are rounded to "0" --- Calculator is good for
    "20" years
    Monthly
    S.No
    Installment
    Interest
    0
    1
    7230
    3000
    2
    7230
    2937
    3
    7230
    2872
    4
    7230
    2807
    5
    7230
    2740
    6
    7230
    2673
    7
    7230
    2605
    8
    7230
    2535
    9
    7230
    2465
    10
    7230
    2393
    11
    7230
    2321
    12
    7230
    2247
    13
    7230
    2172
    14
    7230
    2097
    15
    7230
    2020
    16
    7230
    1941
    17
    7230
    1862
    18
    7230
    1782
    19
    7230
    1700
    20
    7230
    1617
    21
    7230
    1533
    22
    7230
    1447
    23
    7230
    1360
    24
    7230
    1272
    25
    7230
    1183
    26
    7230
    1092
    27
    7230
    1000
    28
    7230
    907
    29
    7230
    812
    30
    7230
    716
    31
    7230
    618
    32
    7230
    519
    33
    7230
    418
    34
    7230
    316
    35
    7230
    212

    Created by Naveen
    Downloaded From
    http://www.naveen.inf
    o

    Principal
    4230
    4294
    4358
    4424
    4490
    4557
    4626
    4695
    4766
    4837
    4910
    4983
    5058
    5134
    5211
    5289
    5368
    5449
    5531
    5614
    5698
    5783
    5870
    5958
    6047
    6138
    6230
    6324
    6419
    6515
    6613
    6712
    6812
    6915
    7018

    Balanc
    e
    200000
    195770
    191476
    187117
    182694
    178203
    173646
    169020
    164325
    159559
    154722
    149813
    144829
    139771
    134637
    129427
    124137
    118769
    113320
    107789
    102176
    96478
    90695
    84825
    78866
    72819
    66681
    60451
    54127
    47708
    41193
    34581
    27869
    21057
    14142
    7124

    36
    37

    7230
    0

    107
    0

    7124
    0

    0
    0

    You might also like