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MATHEMATICS
M 3 33 10
2 23 9
2 12 18
N 12 32 11
4 2 1
8 4 4
188 146 81
YEAR PROFIT
t y x B A
2005 45 -2
2006 46 -1
2007 42 0
2008 47 1
2009 50 2
2010 46 3
2015 53.431 8
Question: Mr Sharma borrowed ₹1000000 from a bank to purchase a house and
decided to repay the loan by equal monthly instalments in 10 years. If bank charges
interest at 9% p.a. compounded monthly, calculate the EMI using spreedsheet.
Number of years 5
Annual 15%
Coupon
Rate
Years to 5
Maturity
YTM 15%