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  • EMI Calculation

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    Parmasamy Subramani
    4 views4 pages
    The document contains two tables showing loan amortization schedules. The first table is for a Rs. 650,000 loan with an interest rate of 15.5% compounded monthly over 12 months. It shows the monthly EMI payment of Rs. 15,635, the interest and principal components of each payment, and the reducing balance amount. The second table is for a Rs. 10,000 loan with an interest rate of 8.33% compounded annually over 12 months. It shows the monthly EMI of Rs. 838 and the interest and principal splits for each month.

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    EMI Calculation

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    The document contains two tables showing loan amortization schedules. The first table is for a Rs. 650,000 loan with an interest rate of 15.5% compounded monthly over 12 months. It shows the monthly EMI payment of Rs. 15,635, the interest and principal components of each payment, and the reducing balance amount. The second table is for a Rs. 10,000 loan with an interest rate of 8.33% compounded annually over 12 months. It shows the monthly EMI of Rs. 838 and the interest and principal splits for each month.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    4 views4 pages

    EMI Calculation

    Uploaded by

    Parmasamy Subramani
    The document contains two tables showing loan amortization schedules. The first table is for a Rs. 650,000 loan with an interest rate of 15.5% compounded monthly over 12 months. It shows the monthly EMI payment of Rs. 15,635, the interest and principal components of each payment, and the reducing balance amount. The second table is for a Rs. 10,000 loan with an interest rate of 8.33% compounded annually over 12 months. It shows the monthly EMI of Rs. 838 and the interest and principal splits for each month.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 4

    Interest Rate

    Year
    Month
    Priciple amt
    EMI
    Month
    1
    2
    3
    4
    5
    6
    7
    8
    9
    10
    11
    12

    15.5
    1.2916666667
    0.0129166667
    5
    60
    650000
    ($15,635)
    $0.0129
    Balance amt
    $650,000
    $642,750
    $635,417
    $627,990
    $620,466
    $612,846
    $605,126
    $597,308
    $589,388
    $581,366
    $573,240
    $565,009

    EMI
    $15,635
    $15,635
    $15,635
    $15,635
    $15,635
    $15,635
    $15,635
    $15,635
    $15,635
    $15,635
    $15,635
    $15,635

    Interest paid Principle paid


    $8,385
    $7,250
    $8,302
    $7,333
    $8,207
    $7,428
    $8,112
    $7,523
    $8,014
    $7,621
    $7,916
    $7,719
    $7,816
    $7,819
    $7,715
    $7,920
    $7,613
    $8,022
    $7,509
    $8,126
    $7,404
    $8,231
    $7,298
    $8,337

    Interest Rate

    Year
    Month
    Priciple amt
    EMI
    Month
    1
    2
    3
    4
    5
    6
    7
    8
    9
    10
    11
    12

    1
    0.0833333333
    0.0008333333
    1
    12
    10000
    ($838)
    $0.0008
    Balance amt
    $10,000
    $9,170
    $8,340
    $7,509
    $6,677
    $5,845
    $5,012
    $4,178
    $3,343
    $2,508
    $1,672
    $836

    EMI
    $838
    $838
    $838
    $838
    $838
    $838
    $838
    $838
    $838
    $838
    $838
    $838

    Interest paid Principle paid


    $8
    $8
    $7
    $6
    $6
    $5
    $4
    $3
    $3
    $2
    $1
    $1

    $830
    $830
    $831
    $832
    $832
    $833
    $834
    $835
    $835
    $836
    $837
    $837

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