1. L and T construction limited has bought and earth moving equipment for 5 million under financing by beauty finance limited, a non- banking finance company (NBFC). The loan is repayable in equal semi-annual installments over the next three years. Calculate the amounts of interest and principal payable by L and T corresponding to each installment, if the interest rate is 10% per annum. The principal is to be repaid equally in each installment and the interest is payable on the balance outstanding Principal. Depict the cash flows on a timeline.