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Q1. (10 marks) You are considering taking a housing loan. The loan amount is INR 40 lakhs. If the loan period is 20 years and
Q1. (10 marks) You are considering taking a housing loan. The loan amount is INR 40 lakhs. If the loan period is 20 years and the annual rate of interest is 9.20%, what would be your monthly instalment? What will be the % change in EMII if the loan heriod increases to 25 years? (all answers should be correct in INR and correct to two decimals.)
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
