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Example 1:-
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Suppose Loan taken from SBI 20 Lacs @ 15% p.a on 1 April 2016
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It is to repaid in 4 years in equal annual instalments.First Instalment paid on 31 March 2017
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Instalment repaid at the end of year
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Prepare Loan Chart for Next 4 years
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Example 2:-
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Solve last question assuming Loan was taken on 1 April 2016 And first annual installment including interest repaid on 1 April 2017 (beginning of next year)
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Example 3:-
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Solve Q1 assuming Loan was taken on 1 June 2016 And first annual instalment including interest repaid on 31 May 2017
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