In: Finance
A loan of Rs 5,00,000 is to be paid in 5 equal annual
installments. If the rate of interest is 10% p.a compounded
annually.
Find the amount of each annual installment and also prepare the
loan amortization schedule.
PV = 500,000
r = 10%
n = 5
Annual payments = $131,898.7404115845
Amortization Schedule
Screenshot with formulas
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