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Question - Consider 10-year Sh. 200,000 loan with an initial interest rate of 10% p.a. payable monthly. The subsequent rates are based on index plus a margin of 2%. The index is expected to be at 11% and 9% in the coming two years. There is a 6% cap on PMT year on year.
Required -
a) Calculate the monthly PMT for years 1, 2 and 3?
b) Calculate Loan balances at the end of Year 1, 2 and 3?
Entity A operates outsourced call centers for retail and manufacturing companies. It is compensated through fixed minimum amounts plus variable amounts based.
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Master In Business Administration - relate the new material of learning to prior knowledge and hence a better understanding of the discipline. It also enhances
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