Question

x took a loan of 50000 for modernization of his organization from pn bank @18% p.a. for 10 years with quarterly instalments with an offer that x could opt for monthly instalments at a reduced rate of 15% p.a. if he pays 60% of the loan in 5 years. x accepts the offer. prepare a loan repayment schedule showing payment. generalise the sheet to incorporate any changes in year amount rate or periodicity

Answer 1

Explanation:

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