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Question 2 Instead of 1 loan been disbursed, assumed a portfolio of loans been disbursed with % distribution of tenure (on amount), interest rate and
| Question 2 | |||||
| Instead of 1 loan been disbursed, assumed a portfolio of loans been disbursed with % distribution of tenure (on amount), interest rate and overall disbursal as follows : | |||||
| Overall portfolio disbursal | 1,00,000 | ||||
| Annualized Interest rate | 15% | ||||
| Monthly interest rate | 1.25% | ||||
| Assume all loans are disbursed at the above interest rate only, interest is applied monthly on declining balance method (same as in question 1) | |||||
| Tenure % | Distribution | ||||
| 1 | 5.00% | ||||
| 2 | 5.00% | ||||
| 3 | 10.00% | ||||
| 4 | 2.00% | ||||
| 5 | 5.00% | ||||
| 6 | 25.00% | ||||
| 7 | 2.00% | ||||
| 8 | 2.00% | ||||
| 9 | 15.00% | ||||
| 10 | 2.00% | ||||
| 11 | 2.00% | ||||
| 12 | 25.00% | ||||
| Answer the following question (complete the empty table) | |||||
| 1 | what will be the balance outstanding of the whole portfolio at the end of every month | ||||
| 2 | What is the payment received every month | ||||
| 3 | What is the principal paid and interest paid every month | ||||
| Balance outstanding at start of period | Payment received (EMI amount) | Principal paid | Interest paid | Balance outstanding at end of period | |
| 1 | 1,00,000 | ||||
| 2 | |||||
| 3 | |||||
| 4 | |||||
| 5 | |||||
| 6 | |||||
| 7 | |||||
| 8 | |||||
| 9 | |||||
| 10 | |||||
| 11 | |||||
| 12 | |||||
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Gulf Capital And Islamic Finance The Rise Of The New Global Players
Authors: Aamir A. Rehman
1st Edition
0071621989
