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

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.

Expert Solution

PV = 500,000

r = 10%

n = 5

Annual payments = $131,898.7404115845

Amortization Schedule

Screenshot with formulas

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jeff jeffy answered 2 years ago

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