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.

Answer rating: 100% (QA)

To prepare a loan amortization schedule for Pradeeps house loan we need the following information Lo... View the full answer