Mohan has taken a loan of INR 20 Lacs to construct a house. The loan is supposed to be paid through equal monthly instalments to the bank. The interest rate is 6% per annum, and the tenure of the loan is 15 years Prepare the loan amortisation schedule and compute the amount of EMI.

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To prepare the loan amortization schedule and compute the amount of EMI Equal Monthly Installments w... View the full answer