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Q.No.1 Solve the following parts A-) You Have an annual installment loan of Rs.150,000 from ABC bank for 5 years. If the loan requires an
Q.No.1 Solve the following parts A-) You Have an annual installment loan of Rs.150,000 from ABC bank for 5 years. If the loan requires an annual interest rate 5% and the installments are to be paid at the end of each year, prepare a detailed breakup about the loan repayment indicating for the end of the year, the annual installment, the interest paid, the principal repaid and the remaining principal.? B-) Prepare the same schedule as above assuming that payments of installments are made at the begining of each year.?
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