MANISH PURUSHOTAM SOLKAR

ASSIGNMENT
SUM NO. 01
Term loan of Rs. 23,00,000 Interest rate @12% repayable Quarterly in 6 years
Prepare the repayment schedule
Loan Instalment =,2500,000 = 1,04,166
24

Quarters
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24

Principle
25,00,000
23,95,834
22,91,668
21,87,502
20,83,336
19,79,172
18,75,004
17,70,838
16,66,672
15,62,506
14,58,340
13,54,174
12,50,008
11,45,842
10,41,676
9,37,510
8,33,344
7,29,178
6,25,102
5,20,846
4,16,680
3,12,514
2,08,348
1,04,182

Loan Instalment
1,04,166
1,04,166
1,04,166
1,04,166
1,04,166
1,04,166
1,04,166
1,04,166
1,04,166
1,04,166
1,04,166
1,04,166
1,04,166
1,04,166
1,04,166
1,04,166
1,04,166
1,04,166
1,04,166
1,04,166
1,04,166
1,04,166
1,04,166
1,04,166
24,99,984

Interest @12p.a.
75,000
71,875
68,750
65,625
62,500
59,375
56,250
53,125
50,000
46,875
43,750
40,625
37,500
34,375
31,250
28,125
25,000
21,875
18,750
15,625
12,500
9,375
6,250
3,141
9,37,786

Balance payment
23,95,834
22,91,668
21,87,502
20,83,336
19,79,172
18,75,004
17,70,838
16,66,672
15,62,506
14,58,340
13,54,174
12,50,008
11,45,842
10,41,676
9,37,510
8,33,344
7,29,178
6,25,102
5,20,846
4,16,680
3,12,514
2,08,348
1,04,182
NIL

SUM NO. 02
Term loan Rs. 1,00,00,000 Interest rate @ 15% Annuity 3.3522
Prepare the repayment schedule
Loan instalment =1, 00, 00,000 = 29,83,116
3.3522
Years
1
2
3
4
5

principle
1,00,00,000
85,16,884
68,11,301
48,49,880
25,94,246

Loan
Instalment
29,83,116
29,83,116
29,83,116
29,83,116
29,83,116
1,49,15,580

Interest @
15%
15,00,000
12,77,533
10,21,695
7,27,482
3,88,870
49,15,580

Principle
amount
14,83,116
17,05,583
19,61,421
22,55,634
25,94,246
1,00,00,000

Balance
amount
85,16,884
68,11,301
48,49,880
25,94,246
NIL