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Find the amortized monthly payment necessary to pay off a housing loan Rs 1,50,000 at 12% per annum in 12 years. Also find the amount

Find the amortized monthly payment necessary to pay off a housing loan Rs 1,50,000 at 12% per annum in 12 years. Also find the amount of outstanding just after 60th payment.

A company sets aside a sum of Rs 45,000 annually for 9 years to pay off a debenture issue of Rs 5,00,000. If the fund accumulates at the rate of 6% per annum, find the surplus after full redemption of the debenture issue.

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