A loan of Rs 7,00,000 is to be paid in 5 equal annual installments. If the...

A loan of Rs 7,00,000 is to be paid in 5 equal annual installments. If the rate of interest is 10% pa compounded annually.

Find the amount of each annual installment and also prepare the loan amortization schedule.

please try to give answer within 1Hr

Expert Solution

Amount of annual installment= $184,658.24

Details of calculation and amortization schedule as below:

jeff jeffy answered 2 years ago

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