Question: Pradeep has bought a house worth Rs. 50,00,000. He has decided to put 10 lakhs of his own savings and borrowed Rs. 40,00,000 at a

Pradeep has bought a house worth Rs. 50,00,000. He has decided to put 10 lakhs of his own savings and borrowed Rs. 40,00,000 at a rate of 10% APR. The loan was to be repaid in Equated Monthly Instalments (EMIs) over a period of 15 years. The EMIs are to be paid in the beginning of each month.

Prepare a loan amortization schedule.

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