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    Faraz 1

    Uploaded by

    Ahmed Chughtai
    1. Bank Alfalah Limited provided a loan of Rs. 9,580,000 to a borrower at an interest rate of 6 months KIBOR plus 2.5% per annum, to be paid back in 16 quarterly installments of Rs. 1,383,925 each. 2. The document shows the repayment schedule over 4 years from 2009 to 2012, including the beginning and ending balances and interest charged for each period. 3. By the final installment on December 31, 2012, the full principal of Rs. 9,580,000 and all interest was paid, closing the loan.

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    Faraz 1

    Uploaded by

    Ahmed Chughtai
    7 views2 pages
    1. Bank Alfalah Limited provided a loan of Rs. 9,580,000 to a borrower at an interest rate of 6 months KIBOR plus 2.5% per annum, to be paid back in 16 quarterly installments of Rs. 1,383,925 each. 2. The document shows the repayment schedule over 4 years from 2009 to 2012, including the beginning and ending balances and interest charged for each period. 3. By the final installment on December 31, 2012, the full principal of Rs. 9,580,000 and all interest was paid, closing the loan.

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    FARAZ 1

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    1. Bank Alfalah Limited provided a loan of Rs. 9,580,000 to a borrower at an interest rate of 6 months KIBOR plus 2.5% per annum, to be paid back in 16 quarterly installments of Rs. 1,383,925 each. 2. The document shows the repayment schedule over 4 years from 2009 to 2012, including the beginning and ending balances and interest charged for each period. 3. By the final installment on December 31, 2012, the full principal of Rs. 9,580,000 and all interest was paid, closing the loan.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    7 views2 pages

    Faraz 1

    Uploaded by

    Ahmed Chughtai
    1. Bank Alfalah Limited provided a loan of Rs. 9,580,000 to a borrower at an interest rate of 6 months KIBOR plus 2.5% per annum, to be paid back in 16 quarterly installments of Rs. 1,383,925 each. 2. The document shows the repayment schedule over 4 years from 2009 to 2012, including the beginning and ending balances and interest charged for each period. 3. By the final installment on December 31, 2012, the full principal of Rs. 9,580,000 and all interest was paid, closing the loan.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 2

    1 - Bank Alfalah Limited

    16 Quarterly Installments
    PRINCIPAL
    Markup 6 months KIBOR plus 2.5% per
    annum
    Equal installment

    9,580,000
    15.00%
    1,383,925

    Due Dates Beginning Balance Charge for the year Ending Balance Interest Charged
    3/31/2009
    6/30/2009
    9/30/2009
    12/31/2009

    9,580,000
    20,758,875
    19,374,950
    17,991,025

    1,383,925
    1,383,925
    1,383,925
    1,383,925

    8,196,075
    19,374,950
    17,991,025
    16,607,100

    359250.00
    856303.59
    799216.69
    742129.78

    3/31/2010
    6/30/2010
    9/30/2010
    12/31/2010

    16,607,100
    15,223,175
    13,839,250
    12,455,325

    1,383,925
    1,383,925
    1,383,925
    1,383,925

    15,223,175
    13,839,250
    12,455,325
    11,071,400

    685042.88
    627955.97
    570869.06
    513782.16

    3/31/2011
    6/30/2011
    9/30/2011
    12/31/2011

    11,071,400
    9,687,475
    8,303,550
    6,919,625

    1,383,925
    1,383,925
    1,383,925
    1,383,925

    9,687,475
    8,303,550
    6,919,625
    5,535,700

    456695.25
    399608.34
    342521.44
    285434.53

    3/31/2012
    6/30/2012
    9/30/2012
    12/31/2012

    5,535,700
    4,151,775
    2,767,850
    1,383,925

    1,383,925
    1,383,925
    1,383,925
    1,383,925

    4,151,775
    2,767,850
    1,383,925
    0

    228347.63
    171260.72
    114173.81
    57086.91

    Input
    Loan
    Down Payment
    Iterest
    Life (Years 1-5)
    Instalment Frequency

    100,000
    0.00%
    15.00%
    1

    0.00%
    1500%
    Monthaly
    Data

    Loan
    Down payment
    Net Loan
    # of Instalments
    Interest Rate / Instalment

    100,000
    100,000
    12
    1.25%

    Instalment amount

    $9,026

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