cost need 872500You have applied for a loan, and they approved 80% from your original amount. Other conditions agreed by the bank are as below: 1. The loan amount will be given in two stages, half in the first year and another half in the second year. 2. Instalment can be deferred for the first 3 years.

3. While deferment you do not need to pay the interest (and the interest will be added to the principal loan). The interest is a compound interest of 10% per annum on balance. 4. Interest of 6% per annum will be charged starting year 4 onwards. 5. The whole loan must be paid in 18 years. Calculate the uniform instalment plan for your company