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plz it's urgent d) Cost of new car is Rs. 10,98,000, Cost of accessories is Rs. 42760, Cost of insurance is Rs. 46,480, Cost of
plz it's urgent
d) Cost of new car is Rs. 10,98,000, Cost of accessories is Rs. 42760, Cost of insurance is Rs. 46,480, Cost of registration is Rs. 1,28,570. Margin offered is 20% against margin required @ 15\%. Gross monthly income = Rs. 85,000/-, Monthly TDS = 7,000/-, Monthly PF deduction = 8,000/-, Net take home salary/ income (gross salary/ income net of deductions including EMI of proposed loan) should not be less than 40%. With Rs.1558 being the EMI per lakh @8\% interest p.a. for 84 months' period, how much will be the total amount of EMI for the loan approvedStep by Step Solution
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