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Suppose you are a relationship manager at an international bank. A customer who recently got admission at a prestigious Business School approached you for an
- Suppose you are a relationship manager at an international bank. A customer who recently got admission at a prestigious Business School approached you for an education loan of Rs. 66,00,000. Your bank offers the education loan at 9.6 percent to be repaid in 10 years in EMIs. You are assigned the task of preparing the amortization schedule for the customer and answer the following.
- Prepare the amortization schedule for the first 5 EMIs. 5 Marks
- What will be interest paid for 96th EMI? 2 Marks
- What will be the loan balance after 96th EMI? 3 Marks
- What is the total interest paid for the loan? 2 Mark
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I Don T Trust You But Blockchain And Bitcoin Will Help
Authors: Damu Winston Mba
1st Edition
1734182512, 978-1734182514
