Example 1:-

Car purchased for 5 lacs Down payment made 1 lacs Remaining amount financed by term loan @ 12% repaid in 36 equal monthly installments (EMI) What is the amount of EMI?

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Example 2:-

Prepare repayment chart assuming loan taken on 10 June 2016 and first EMI Due on 9 July 2017

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Example 3:- 

Prepare repayment chart assuming loan taken on 10 June 2016 and first EMI Due in advance on date of loan

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  1. Accounts and Finance
  2. Step 5 Preparing Projections and Budgets
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CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
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 .