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    Name-Shiv Kumar ROLL NO. - 04816659313 Course - Mba (Financial Markets) 2013-15

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    pravash2aalok007
    This document contains details of a loan taken by Shiv Kumar including the original loan amount of $200,000 at 10% interest for 30 years (A), refinancing the loan at 9% interest for 30 years which would save $145.90 per month in installments (B), and calculating that refinancing the loan would cost $6,000 but save $7,195.46 over 5 years, so it is recommended to refinance the loan at 9% interest.

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    Name-Shiv Kumar ROLL NO. - 04816659313 Course - Mba (Financial Markets) 2013-15

    Uploaded by

    pravash2aalok007
    10 views3 pages
    This document contains details of a loan taken by Shiv Kumar including the original loan amount of $200,000 at 10% interest for 30 years (A), refinancing the loan at 9% interest for 30 years which would save $145.90 per month in installments (B), and calculating that refinancing the loan would cost $6,000 but save $7,195.46 over 5 years, so it is recommended to refinance the loan at 9% interest.

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    This document contains details of a loan taken by Shiv Kumar including the original loan amount of $200,000 at 10% interest for 30 years (A), refinancing the loan at 9% interest for 30 years which would save $145.90 per month in installments (B), and calculating that refinancing the loan would cost $6,000 but save $7,195.46 over 5 years, so it is recommended to refinance the loan at 9% interest.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    10 views3 pages

    Name-Shiv Kumar ROLL NO. - 04816659313 Course - Mba (Financial Markets) 2013-15

    Uploaded by

    pravash2aalok007
    This document contains details of a loan taken by Shiv Kumar including the original loan amount of $200,000 at 10% interest for 30 years (A), refinancing the loan at 9% interest for 30 years which would save $145.90 per month in installments (B), and calculating that refinancing the loan would cost $6,000 but save $7,195.46 over 5 years, so it is recommended to refinance the loan at 9% interest.

    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 3

    NAME- SHIV KUMAR

    ROLL NO.- 04816659313


    COURSE- MBA (FINANCIAL MARKETS) 2013-15

    (A)
    LOAN
    RATE
    PRIOD

    (B)
    $200,000
    10%
    30

    P.A
    YEARS

    0.0083333333

    LOAN
    RATE
    PRIOD

    $200,000
    9%
    30

    INSTALLMENT NO. 360

    INSTALLMENT NO. 360

    INSTALLMENT

    INSTALLMENT

    $1,755.14

    $1,609.25

    (C)
    P.A
    YEARS

    0.0075

    MONTHLY SAVING FROM


    REFINANCING
    $145.90
    OPPORTUNITY COST
    8%
    PRIOD
    5
    INSTALLMENT NO.

    60

    INSTALLMENT

    $7,195.46

    REFINANCING COST

    $6,000.00

    P.A
    YEARS

    0.006666667

    As refinance cost is less


    we will refinance the loan
    @ 9%.

    ce cost is less
    nance the loan

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