User Account

All Pages

What will be interest paid for 90th emi

Assignment Help Finance Basics
Reference no: EM132932933

You are a relationship manager at an international bank. A customer who recently got admission at a prestigious Business School approached you for an education loan of Rs. 800,000. Your bank offers the education loan at 9.8 percent to be repaid in 10 years in EMIs. You are assigned the task of preparing the amortisation schedule for the customer and answer the following.

-Prepare the amortisation schedule for the first 5 EMIs.

-What will be interest paid for 90th EMI?

-What will be the loan balance after 90th EMI?

-What is the total interest paid for the loan?

Reference no: EM132932933

Questions Cloud

Describe the over-allotment option : Describe the over-allotment option included in Prada's Hong Kong IPO 2011?
Main theories of capital structure : In the light of the main theories of capital structure, provide a discussion of the evolution of the capital structure of Prada in the initial three years after
Different types of insurance intermediaries : What are the advantages and disadvantages of different types of insurance intermediaries from the perspective of a policyholder?
What is the gain on life insurance policy : President dies on September 30, 2026, and policy is collected on December 2, 2026. What is the gain on life insurance policy
What will be interest paid for 90th emi : You are a relationship manager at an international bank. A customer who recently got admission at a prestigious Business School approached you for an education
What is the current price of the common stock : The company's last dividend, D 0, was $1.25, its beta is 1.40, the market risk premium is 5.50%, and the risk-free rate is 3.00%.
How position in contract can be increased : You are the sole owner of a leveraged company and you desire to propose a derivative contract written on all company debts that mature at time T = 1. You furthe
What dollar amount of suits should be purchased in november : Wild West Fashion expects the total costs of goods sold to be $31,000 in November. What dollar amount of suits should be purchased in November
What amount of assets and liabilities : In the county basic financial statements, the tax Agency Fund should report what amount of assets and liabilities

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd