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Determine the firm loan installment amount

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Reference no: EM132763621

BBA just closed a Rs.95,000 business loan that is to be repaid in 10 equal Sami-annually payments. The interest rate on the loan is 15%. As part of firm's detailed financial planning, BBA wishes to determine the interest deduction attributable to the loan. (Because it is a business loan, the interest portion of each loan payment is tax-deductible to the business.)

Problem a. Determine the firm' loan Installment amount.

Problem b. Prepare an amortization schedule for the loan

Reference no: EM132763621

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