Example 1(a):- 

Machine to be purchased for 70 lacs Cost of Installation 10 lacs Banl agrees to give loan @ 75% of cost of project What is the amount of loan?

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Example 1(b):- 

Suppose rate of interest charged by bank is 12%
Amount to be repaid in 2 years in quarterly instalments of principal+ interest
Prepare repayment schedule for 2 years assuming loan taken on 1 April 2016

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Example 1(c):- 

Suppose rate of interest charged by bank is 12% Amount to be repaid in 2 years in equal quarterly installment of 854739 which includes both principal+ interest Prepare repayment schedule assuming loan taken on 1 April 2016

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Example 1(d):-

Suppose rate of interest charged by bank is 12% Amount to be repaid in 2 years in equal quarterly installment of 854739 which includes both principal+ interest Prepare repayment schedule assuming loan taken on 1 August 2016

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  1. Accounts and Finance
  2. Step 5 Preparing Projections and Budgets
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CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
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