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Understanding The Use of Features in Home Tab.
Understanding The Use of Features in Home Tab.
Amount Annual
Years of Investment invested each Interest
year Rate
40 20000 8.00%
of the year
WHICH IS A BETTER DEAL?
PLAN 1 PLAN
3000
Rs. 10,814.33
Rs. 12,112.05
HICH IS A BETTER DEAL?
PLAN 2
Annual
For how many
Interest
years?
Rate
12.00% 5
Installment Rs1,037.03
<-- a check to see that the full loan has been amorti
N SCHEDULE
Interest Principal
Repaid Repaid
Rs66.67 Rs970.36
Rs60.20 Rs976.83
Rs53.69 Rs983.34
Rs47.13 Rs989.90
Rs40.53 Rs996.50
Rs33.89 Rs1,003.14
Rs27.20 Rs1,009.83
Rs20.47 Rs1,016.56
Rs13.69 Rs1,023.34
Rs6.87 Rs1,030.16
0 Rs10,000.00 - Rs10,000.00
1 Rs10,066.67 Rs1,037.03 Rs9,029.64
2 Rs9,089.83 Rs1,037.03 Rs8,052.80
3 Rs8,106.49 Rs1,037.03 Rs7,069.46
4 Rs7,116.59 Rs1,037.03 Rs6,079.56
5 Rs6,120.09 Rs1,037.03 Rs5,083.06
6 Rs5,116.95 Rs1,037.03 Rs4,079.92
7 Rs4,107.12 Rs1,037.03 Rs3,070.09
8 Rs3,090.55 Rs1,037.03 Rs2,053.52
9 Rs2,067.21 Rs1,037.03 Rs1,030.18
10 Rs1,037.05 Rs1,037.03 Rs0.02
<-- check to see that the full loan has been amorti
LE
Interest Principal
Repaid Repaid
- -
Rs66.67 Rs970.37
Rs60.20 Rs976.83
Rs53.69 Rs983.35
Rs47.13 Rs989.90
Rs40.53 Rs996.50
Rs33.89 Rs1,003.15
Rs27.20 Rs1,009.83
Rs20.47 Rs1,016.56
Rs13.69 Rs1,023.34
Rs6.87 Rs1,030.16
Outstanding
Outstanding balance after
YEAR balance before the Periodic Payment
payment the payment
0 Rs10,000.00 - Rs10,000.00
1 Rs10,500.00 Rs2,309.75 Rs8,190.25
2 Rs8,599.76 Rs2,309.75 Rs6,290.01
3 Rs6,604.51 Rs2,309.75 Rs4,294.76
4 Rs4,509.50 Rs2,309.75 Rs2,199.75
5 Rs2,309.74 Rs2,309.75 Rs0.01-
<-- a check to see that the full loan has been amortized
E
Interest Principal
Repaid Repaid
-
Rs500.00 Rs1,809.75
Rs409.51 Rs1,900.24
Rs314.50 Rs1,995.25
Rs214.74 Rs2,095.01
Rs109.99 Rs2,199.76
Rs10,000.00
as been amortized
Loan Amount Rs. 80,000.00
Months 120
Annual Rate 8%
Years required
for 20.91
amortization