Question 1

effective rate 0.12

Loan amount 1500000 effective period 12
Rate of Interest 12% per annum
Period of
repayment 12 years
Amount of
instalment 242155.2114
Periodicity Yearly 1

Loan repayment schedule

Principal
Period Opening BalanInstalment Interest amount Closing balance
1 1500000 242155.21 180000 62155.21 1437844.78861
2 1437845 242155.21 172541.37 69613.84 1368230.95185
3 1368231 242155.21 164187.71 77967.5 1290263.45468
4 1290263 242155.21 154831.61 87323.6 1202939.85785
5 1202940 242155.21 144352.78 97802.43 1105137.4294
6 1105137 242155.21 132616.49 109538.7 995598.709542
7 995599 242155.21 119471.85 122683.4 872915.343296
8 872915 242155.21 104749.84 137405.4 735509.973101
9 735510 242155.21 88261.197 153894 581615.958482
10 581616 242155.21 69793.915 172361.3 409254.662109
11 409255 242155.21 49110.559 193044.7 216210.010171
12 216210 242155.21 25945.201 216210 0.00
Bi-monthly 6
Half-yearly 2
Monthly 12

quaterly 4

Yearly 1
question 2
Question 3

effective
Loan amount 500000 rate 0.01125
effective
Down payment 60000 period 60
Rate of interest 0.135 per annum
Instalment
amount 10124.3322
Period 5 years
Periodicity Monthly 12

Loan repayment schedule

Opening Principal Closing
Period balance Instalment Interest amount balance
1 440000 10124.3322 4950 5174.332 434825.6678
2 434825.668 10124.3322 4891.789 5232.543 429593.1243
3 429593.124 10124.3322 4832.923 5291.41 424301.7147
4 424301.715 10124.3322 4773.394 5350.938 418950.78
5 418950.777 10124.3322 4713.196 5411.136 413539.6407
6 413539.641 10124.3322 4652.321 5472.011 408067.6294
7 408067.629 10124.3322 4590.761 5533.571 402534.058
8 402534.058 10124.3322 4528.508 5595.824 396938.23
9 396938.234 10124.3322 4465.555 5658.777 391279.4568
10 391279.457 10124.3322 4401.894 5722.438 385557.0184
11 385557.018 10124.3322 4337.516 5786.816 379770.2026
12 379770.203 10124.3322 4272.415 5851.917 373918.2852
13 373918.285 10124.3322 4206.581 5917.752 368000.5336
14 368000.534 10124.3322 4140.006 5984.326 362016.2074
15 362016.207 10124.3322 4072.682 6051.65 355964.5575
16 355964.557 10124.3322 4004.601 6119.731 349844.83
17 349844.826 10124.3322 3935.754 6188.578 343656.2485
18 343656.249 10124.3322 3866.133 6258.199 337398.0491
19 337398.049 10124.3322 3795.728 6328.604 331069.4449
20 331069.445 10124.3322 3724.531 6399.801 324669.64
21 324669.644 10124.3322 3652.533 6471.799 318197.8452
22 318197.845 10124.3322 3579.726 6544.606 311653.2387
23 311653.239 10124.3322 3506.099 6618.233 305035.0054
24 305035.005 10124.3322 3431.644 6692.688 298342.32
25 298342.317 10124.3322 3356.351 6767.981 291574.3357
26 291574.336 10124.3322 3280.211 6844.121 284730.2148
27 284730.215 10124.3322 3203.215 6921.117 277809.0974
28 277809.097 10124.3322 3125.352 6998.98 270810.1175
29 270810.118 10124.3322 3046.614 7077.718 263732.3991
30 263732.399 10124.3322 2966.989 7157.343 256575.0563
31 256575.056 10124.3322 2886.469 7237.863 249337.1935
32 249337.193 10124.3322 2805.043 7319.289 242017.9047
33 242017.905 10124.3322 2722.701 7401.631 234616.2738
34 234616.274 10124.3322 2639.433 7484.899 227131.3747
35 227131.375 10124.3322 2555.228 7569.104 219562.2704
36 219562.27 10124.3322 2470.076 7654.257 211908.01
37 211908.014 10124.3322 2383.965 7740.367 204167.6466
38 204167.647 10124.3322 2296.886 7827.446 196340.2004
39 196340.2 10124.3322 2208.827 7915.505 188424.6954
40 188424.695 10124.3322 2119.778 8004.554 180420.141
41 180420.141 10124.3322 2029.727 8094.606 172325.5353
42 172325.535 10124.3322 1938.662 8185.67 164139.8653
43 164139.865 10124.3322 1846.573 8277.759 155862.1066
44 155862.107 10124.3322 1753.449 8370.884 147491.223
45 147491.223 10124.3322 1659.276 8465.056 139026.167
46 139026.167 10124.3322 1564.044 8560.288 130465.8791
47 130465.879 10124.3322 1467.741 8656.591 121809.288
48 121809.288 10124.3322 1370.354 8753.978 113055.31
49 113055.31 10124.3322 1271.872 8852.46 104202.8503
50 104202.85 10124.3322 1172.282 8952.05 95250.80009
51 95250.8001 10124.3322 1071.572 9052.761 86198.03935
52 86198.0393 10124.3322 969.7279 9154.604 77043.43504
53 77043.435 10124.3322 866.7386 9257.594 67785.84144
54 67785.8414 10124.3322 762.5907 9361.742 58424.09991
55 58424.0999 10124.3322 657.2711 9467.061 48957.03878
56 48957.0388 10124.3322 550.7667 9573.566 39383.47322
57 39383.4732 10124.3322 443.0641 9681.268 29702.20505
58 29702.205 10124.3322 334.1498 9790.182 19912.02261
59 19912.0226 10124.3322 224.0103 9900.322 10011.70062
60 10011.7006 10124.3322 112.6316 10011.7 0.00
 500000 3 12.50%

700000 4 13%

1000000 5 13.50%
6

Bi-monthly 6
Half-yearly 2

Monthly 12
Quarterly 4
Yearly 1
Question 4

effective
Amount of loan 200000 rate 0.025
effective
Rate of interest 10% period 24
Period of
repayment 6 years
Periodicity Quarterly 4
Instalment
amount 11182.564072

Loan repayment schedule

Opening Closing principal
Period balance Interest due Instalment balance amount

1 200000 5000 11183 193817 6183

2 193817 4845 11183 187480 6337

3 187480 4687 11183 180985 6496

4 180985 4525 11183 174327 6658
5 174327 4358 11183 167502 6824
6 167502 4188 11183 160507 6995
7 160507 4013 11183 153338 7170
8 153338 3833 11183 145988 7349
9 145988 3650 11183 138456 7533
10 138456 3461 11183 130734 7721
11 130734 3268 11183 122820 7914
12 122820 3071 11183 114708 8112
13 114708 2868 11183 106393 8315
14 106393 2660 11183 97871 8523
15 97871 2447 11183 89135 8736
16 89135 2228 11183 80181 8954
17 80181 2005 11183 71002 9178
18 71002 1775 11183 61595 9408
19 61595 1540 11183 51952 9643
20 51952 1299 11183 42069 9884
21 42069 1052 11183 31938 10131
22 31938 798 11183 21554 10384
23 21554 539 11183 10910 10644
24 10910 273 11183 0 10910
 Bi-monthly 6

Half yearly 2

Monthly 12
Quarterly 4

Yearly 1

amount of interest to be paid for

4th instalment 4525
amount of principal to be paid for
6th instalment 6995
total amount of interest to be paid
for 3to6th instalment 17757
total amount of principal to be
paid for 2 to 5th instalment 26315
Question 5
Questtion 7

Principal effective
amount 1000000 period 60
Period of
repayment 5 years
Periodicity Monthly 12

Loan repayment schedule

Opening Interest Amount of
Period balance due instalment Closing balance Interest rate
1 1000000 8333.333 21247.0447 987086.2886221 10%
2 987086.3 7400.562 20758.3552 973728.4957315 9%
3 973728.5 7300.379 20758.3552 960270.5193943 9%
4 960270.5 7199.444 20758.3552 946711.6082345 9%
5 946711.6 7097.752 20758.3552 933051.0052411 9%
6 933051 7786.219 21247.0447 919590.1796566 10%
7 919590.2 7674.046 21247.0447 906017.1805255 10%
8 906017.2 7560.937 21247.0447 892331.0730684 10%
9 892331.1 7446.886 21247.0447 878530.9147158 10%
10 878530.9 7331.885 21247.0447 864615.7550436 10%
11 864615.8 7215.925 21247.0447 850584.6357074 10%
12 850584.6 7098.999 21247.0447 836436.5903768 10%
13 836436.6 6981.099 21247.0447 822170.6446684 10%
14 822170.6 6862.216 21247.0447 807785.8160792 10%
15 807785.8 6742.343 21247.0447 793281.1139183 10%
16 793281.1 6621.47 21247.0447 778655.5392395 10%
17 778655.5 6499.59 21247.0447 763908.0847716 10%
18 763908.1 6376.695 21247.0447 749037.7348499 10%
19 749037.7 6252.775 21247.0447 734043.4653454 10%
20 734043.5 6127.823 21247.0447 718924.2435951 10%
21 718924.2 6001.829 21247.0447 703679.0283303 10%
22 703679 5247.498 20758.3552 688168.1710496 9%
23 688168.2 5131.167 20758.3552 672540.9823393 9%
24 672541 5013.963 20758.3552 656796.5897137 9%
25 656796.6 4895.88 20758.3552 640934.1141434 9%
26 640934.1 4776.911 20758.3552 624952.6700063 9%
27 624952.7 4657.05 20758.3552 608851.3650382 9%
28 608851.4 4536.29 20758.3552 592629.3002828 9%
29 592629.3 4955.339 21247.0447 576337.5946207 10%
30 576337.6 4819.575 21247.0447 559910.1247447 10%
31 559910.1 4682.679 21247.0447 543345.7592864 10%
32 543345.8 4544.643 21247.0447 526643.3574493 10%
33 526643.4 4405.456 21247.0447 509801.7689303 10%
34 509801.8 3792.473 20758.3552 492835.8862479 9%
35 492835.9 3665.228 20758.3552 475742.7594454 9%
36 475742.8 3537.03 20758.3552 458521.4341918 9%
37 458521.4 3407.87 20758.3552 441170.9489989 9%
38 441170.9 3277.741 20758.3552 423690.335167 9%
39 423690.3 3146.637 20758.3552 406078.6167314 9%
40 406078.6 3014.549 20758.3552 388334.8104075 9%
41 388334.8 2523.181 20276.3943 370581.5974343 8%
42 370581.6 2404.827 20276.3943 352710.029708 8%
43 352710 2285.683 20276.3943 334719.3181969 8%
44 334719.3 2165.745 20276.3943 316608.668609 8%
45 316608.7 1214.617 18871.2336 298952.0523711 5%
46 298952.1 1141.048 18871.2336 281221.866899 5%
47 281221.9 1067.172 18871.2336 263417.805654 5%
48 263417.8 992.9888 18871.2336 245539.5608205 5%
49 245539.6 1123.133 19332.8015 227329.8918292 6%
50 227329.9 1032.084 19332.8015 209029.174493 6%
51 209029.2 940.5806 19332.8015 190636.9535701 6%
52 190637 848.6195 19332.8015 172152.7715426 6%
53 172152.8 756.1986 19332.8015 153576.1686049 6%
54 153576.2 663.3156 19332.8015 134906.6826526 6%
55 134906.7 464.9764 18871.2336 116500.4254476 5%
56 116500.4 761.2254 20758.3552 96503.29565377 9%
57 96503.3 611.247 20758.3552 76356.18738646 9%
58 76356.19 460.1436 20758.3552 56057.97580716 9%
59 56057.98 307.9071 20758.3552 35607.527641 9%
60 35607.53 154.5287 20758.3552 15003.7011136 9%
Bi-monthly 6

Half yearly 2
Monthly 12
Quarterly 4
Yearly 1