Check sibling questions

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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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 12 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.