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  • 6% Diff 90000 11250 90000 11250 270000 33750

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    ishanhbmehta
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    Original Title

    Rec

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    20 views1 page

    6% Diff 90000 11250 90000 11250 270000 33750

    Uploaded by

    ishanhbmehta

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Interest calculation of REC Bonds

    Rate of Interest : 5.25%


    Investment date : 08/12/2016
    maturity date : 07/12/2019

    Interest received :
    from to days amount 6% DIFF
    12/8/2016 6/30/2017 205 44230 50547.945 6317.95
    7/1/2017 6/30/2018 365 78750 90000 11250
    7/1/2018 6/30/2019 365 78750 90000 11250
    7/1/2019 12/7/2019 160 34520 39452.055 4932.05
    Total interest recd. 1095 236250 270000 33750

    Distributin of Interest:
    Investment of : amount interest
    Godfree 650000 102375 752375
    Lenny 356250 56109 412359
    Eugine 287500 45281 332781
    Patrick 206250 32484 238734 1736249
    Total 1500000 236249 1736249

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