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  • Excel Ques 4

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    Eshaan Sharma
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    The document outlines a loan repayment schedule over 5 years with quarterly installments. It shows the borrower took out a Rs. 100,000 loan at 15% annual interest to be paid back in 20 installments of Rs. 7,196.21 each. Each row displays the opening balance, interest for that period, installment amount, and closing balance to demonstrate how the principal is paid down over the life of the loan.

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    EXCEL QUES 4.xlsx

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    The document outlines a loan repayment schedule over 5 years with quarterly installments. It shows the borrower took out a Rs. 100,000 loan at 15% annual interest to be paid back in 20 installments of Rs. 7,196.21 each. Each row displays the opening balance, interest for that period, installment amount, and closing balance to demonstrate how the principal is paid down over the life of the loan.

    Copyright:

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

    Excel Ques 4

    Uploaded by

    Eshaan Sharma
    The document outlines a loan repayment schedule over 5 years with quarterly installments. It shows the borrower took out a Rs. 100,000 loan at 15% annual interest to be paid back in 20 installments of Rs. 7,196.21 each. Each row displays the opening balance, interest for that period, installment amount, and closing balance to demonstrate how the principal is paid down over the life of the loan.

    Copyright:

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

    LOAN REPAYMENT SCHEDULE

    AMOUNT OF LOAN 100000


    PERIODICITY 4
    YEARS 5
    RATE OF INTEREST 15%
    AMOUNT OF INSTALLMENT 7196.21

    INSTALLMENT NO. OPENING BALANCE INTEREST INSTALLMENT


    1 100000 3750 7196.21
    2 96553.79 3620.76713501459 7196.21
    3 92978.35 3486.68803759222 7196.21
    4 89268.83 3347.58097401652 7196.21
    5 85420.20 3203.25739555673 7196.21
    6 81427.24 3053.5216829047 7196.21
    7 77284.56 2898.17088102821 7196.21
    8 72986.52 2736.99442408136 7196.21
    9 68527.30 2569.773849999 7196.21
    10 63900.87 2396.28250438855 7196.21
    11 59100.94 2216.28523331771 7196.21
    12 54121.02 2029.53806458171 7196.21
    13 48954.34 1835.78787701812 7196.21
    14 43593.92 1634.77205742088 7196.21
    15 38032.48 1426.21814458876 7196.21
    16 32262.49 1209.84346002542 7196.21
    17 26276.13 985.354724790966 7196.21
    18 20065.27 752.447661985216 7196.21
    19 13621.51 510.80658432425 7196.21
    20 6936.11 260.103966250999 7196.21
    CLOSING BALANCE
    96553.79
    92978.35
    89268.83
    85420.20
    81427.24
    77284.56
    72986.52
    68527.30
    63900.87
    59100.94
    54121.02
    48954.34
    43593.92
    38032.48
    32262.49
    26276.13
    20065.27
    13621.51
    6936.11
    0.00

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