You have approached a bank for a loan for 10 years for Rs 30,00,000 with an interest
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Question:
- You have approached a bank for a loan for 10 years for Rs 30,00,000 with an interest rate of 9.75% per annum, where the annual instalment will be paid at the end of the year. Find out the annual installments and prepare a loan amortization table for the same.
Related Book For
Real Estate Finance and Investments
ISBN: 978-0073377339
14th edition
Authors: William Brueggeman, Jeffrey Fisher
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