TMA Solution: FIN303 Financial Management Assignment - October 2018

This assignment solution for FIN303 Financial Management addresses a 30-year loan scenario, calculating interest payments, total interest paid, and the present value of loan payments. It explores weighted average cost of capital (WACC), discount rates, and cash flow analysis for a project, includin...Read More

FIN 303 FINANCIAL MANAGEMENT ASSIGNMENT
ANSWER 1
Part A (i)
The amount of interest that shall be paid in the first month of the twenty fifth year is $
705.6246.
The computation has been done by using IPIM formula in excel.
Sl No Particulars Amount ($)
1 Loan amount 800000
2 Tenure 30 years
3 Saving Interest Rate 1.20%
4 Loan Interest rate 3.60%
5 Monthly EMI 3637.16
6 Total Amount of Emi 1309378.61
7 Interest 509378.61
8 Computation of interest at the beginning of 25th Year 705.62
Part A (ii)
The interest component of EMI over the life of the loan has been computed at $509378.61.
(For Computation refer Above)
Part B
On perusal of the details presented in excel along with amortisation schedule for cross
verification, it can be seen that under the proposed loan arrangement, the principal
component is $ 800,000 and interest computed on the principal over 360 months i.e. tenure of
the project is $5,09,378. The interest component represent approximately 60% of principal
and has been generated over the years. It shall also be pertinent to note that for repayment of
loan, the amount initially is set against the principal and then against the interest, as result the
same piled upto 60% over a period of 30 years. In addition, the interest amount is higher
under the initial stage of loan and the same decreases as the loan maturity approaches.
The following assumptions have been undertaken while computation:
(a) There has been no prepayment of loan;
(b) There has been no intention to set off the loan earlier;
(c) There has been no change in rate of interest;
(d) There is no default of loan
Part C
The answer to the question of Present value of loan by discounting @1.2 % compounded
monthly is $ 1,09,9143.923. (Refer Appendix-1)
Part D

On perusal of the computation in Excel, it shall be seen that the present value of loan when
discounted @1.2% is greater than the initial amount of principal lent under the agreement.
Further, the method is based on time value of money and the difference arise on account of
different in rate of interest used. In addition, the rate of discount used for the purpose of
computation of present value is risk free interest rate as interest on savings is nearly
equivalent to risk free interest. Also, the discounted EMI includes both interest and principal.
The difference between the principal actually granted initially and the computed value of
present loan by discounting @1.2% $ 2,99,143.9229. The same implies that I am paying extra
amount to lender on account of risk that has been borne by him by giving me loan. The
amount that has been awarded to lender on account of extra risk borne by him stands at $
2,99,143.9229
Thus, in short the rationale for difference in interest rate and difference in principal computed
and the principal actually is isk undertaken by the person lending the money.
Question 2
Part A (i)
The computation of WACC is presented here-in-below:
Weighted Average Cost of capital
Sl NO Particular Cost
1 Cost of Debt 8%
2 Cost of Debt post tax 6.4%
3 Risk Free rate 5%
4 Market return 15%
5 Risk Premium 10%
6 Beta 1.20
7 Cost of Equity 17.00%
8 Weight of Debt 3.00
9 Weight of Equity 6
10 Weight of Debt 3
11 WACC 13.47%
Computation of beta
Sl NO Particular Cost
1 Beta Levered 1.2
2 Beta Unlevered 0.857142857
3 Beta of Proposed project 1.2
It shall be pertinent to note that for deriving the cost of equity of the tested company only Bad
Inc. Beta has been taken as the company activities are similar to the tested company.
Accordingly, the cost of equity stands at 13.47%.
Part A (ii)

The discount rate which has been used for the purpose of analysing the project is 13.47%.
The rationale for using the said rate as it encompasses the desired rate of return by the
financers of the project i.e. cost and equity. Further, the rate specifies the minimum rate
below which the company should not accept the project. (CFI Education Inc., 2018)
In addition, it has been assumed that MM approach holds good, hence even if the capital
structure changes the cost of capital shall remain constant at 13.47%. Besides, the above
stated rate represent the desired rate of return by equity and debt shareholders and serve as
hurdle rate for the said project.
Part B (i)
The details of the cash flow for first five years of the project has been provided here-in-under:
Sl
No Particular
year
0
year
1
year
2
year
3 year 4 year 5
Terminal
Value
1 Revenue 800 960 1152 1382.4 1658.88
2
Annual Working Cost
(Variable) -240 -288
-
345.6
-
414.72
-
497.664
3 Fixed Cost -80 -80 -80 -80 -80
4 Depreciation -120 -120 -120 -120 -120
5 EBIT (1-2-3-4) 360 472 606.4 767.68 961.216
6 Tax (5*20%) -72
-
94.4
-
121.2
8
-
153.53
6
-
192.243
2
7 EBI (5-6) 288
377.
6
485.1
2
614.14
4
768.972
8
8 Depreciation 120 120 120 120 120
9 OCF 408
497.
6
605.1
2
734.14
4
888.972
8
Part B(ii)
The details of change in working capital has been provided in the solution above
Sl
No Particular
year
0
year
1
year
2
year
3
year
4 year 5
Terminal
Value
1 Net Working Capital Level 80 96
115.
2
138.
24
165.8
88
2 Change in Net Working Capital 80 16 19.2
23.0
4
27.64
8
3
Net Cash flow from sale of
Asset 240
4
Realisation of Net working
capital at end 165.888
Part B(iii)

Sl
No Particular year 0 year 1 year 2 year 3 year 4 year 5
Terminal
Value
1
Infrastructural
Investment -600
2 Depreciation -120 -120 -120 -120 -120
3 Salvage Value 240
4 Revenue 800 960 1152
1382.
4 1658.88
5 Annual Working Cost -240 -288 -345.6
-
414.7
2 -497.664
6 Working Capital -80 -16 -19.2 -23.04 -27.64 165.88
7 Fixed Cost -80 -80 -80 -80 -80
8 Net Cash Flow 280 456 587.2
744.6
4 933.576 405.88
9 Tax -72 -94.4
-
121.2
8
-
153.5
36
-
192.243
2
10 Cash Flow after Tax 208 361.6
465.9
2
591.1
04
741.332
8 405.88
11 Depreciation 120 120 120 120 120
12
Cash Flow after Tax &
Depreciation 328 481.6
585.9
2
711.1
04
861.332
8 405.88
13 Discounting factor 1
0.881
316
0.776
718
0.684
534
0.603
291
0.53169
003
0.531690
03
14
Present Value of Cash
flows -600
289.0
717
374.0
674
401.0
822
429.0
026
457.962
0621
215.8023
493
15 Net Present Value
1566.
988
Assumption
(a) Fees paid in Annual instalment is sunk cost
(b) Changes in Working Capital is realised at end
Part B(iv)
On the basis of above computation, the project shall be accepted as the Net present value
computed stands at $1567.651at a discounting rate of 13.47 %. Since Net Present Value is
positive, project shall be accepted.
Question 3
PART A (i)
Sl No Particulars Quantity Rate Amount
1 Share 5000 60 300000
2 10 Year Bond 150 1000 150000
3 Buy Back Shares 2500 60 150000

4 Cost of Debt before Tax 6%
5 Earnings Before Interest and Tax 28000
6 Tax Rate NiL
7 Profit after Taxt 28000
8 Dividend Per Share 5.6
9 Dividend received by Maureen 100 5.6 560 Answer (a(i))
PART A (ii)
Sl No Particulars Quantity Rate Amount
1 Share 5000 60 300000
2 10 Year Bond 150 1000 150000
3 Buy Back Shares 2500 60 150000
4 Cost of Debt before Tax 6%
5 Earnings Before Interest and Tax 28000
6 Tax Rate NiL
7 Profit after Tax 28000
8 Dividend Per Share 5.6
9 Dividend received by Maureen 100 5.6 560
10 Buy Back Shares 2500 60 150000 Answer (a(ii))
PART A (iii)
Sl No Particulars Quantity Rate Amount
1 Share 5000 60 300000
2 10 Year Bond 150 1000 150000
3 Buy Back Shares 2500 60 150000
4 Cost of Debt before Tax 6%
5 Earnings Before Interest and Tax 28000
6 Tax Rate NiL
7 Profit after Tax 28000
8 Dividend Per Share 5.6
9 Dividend received by Maureen 100 5.6 560
10 Buy Back Shares 2500 60 150000
11 Earnings Before Interest and Tax 28000
12 Interest 9000
13 Profit after Tax 19000
14 Dividend per share 7.6
15 Dividend received by Maureen 100 7.6 760 Answer (a(iii))
PART A (iv)
Sl No Particulars Amount
1 No of shares under existing Capital Structure 100
2 Proportion of debt in the capital structure of the company 50%
3 Total Capital of Maureen 6000

4 Total value of shares to be sold 3000
5 Total debt to be let out 3000
6 Receipt of dividend 380
7 Interest 180
8 Total Receipt 560
PART A (v)
As per Modigliani Miller theory, it is irrelevant to analyse the capital structure as the same
does not contribute to the value of the company rather the same is derived by the net
operating cash flow of the company. However, under such thesis there is no transaction cost
and taxes. The assumption behind the same proposition is that there are no taxes and
transaction cost for raising finance. However, the above proposition does not hold true when
the aforesaid assumptions are violated. In such a scenario, MM has proposed that the value of
the company shall be increased by the present value of tax savings on account of interest on
debt.
In addition the theory holds that WACC of the company remains consistent and addition of
debt in the company capital structure increased cost of equity.
PART B (i,ii &iii)
Sl No Particulars Quantity Rate Amount
1 Share 5000 60 300000
2 10 Year Bond 150 1000 150000
3 Buy Back Shares 2500 60 150000
4 Cost of Debt before Tax 6%
5 Earnings Before Interest and Tax 28000
6 Tax Rate 20%
7 Profit after Tax 22400
8 Dividend Per Share 4.48
9 Dividend received by Maureen 100 4.48 448
10 Buy Back Shares 2500 60 150000
11 Earnings Before Interest and Tax 28000
12 Interest 9000
13 Profit after Tax 15200
14 Dividend per share 6.08
15 Dividend received by Maureen 100 6.08 608
PART B (iv)
Sl No Particulars Amount
1 No of shares under existing Capital Structure 100
2 Proportion of debt in the capital structure of the company 50%
3 Total Capital of Maureen 6000
4 Total value of shares to be sold 3000
5 Total debt to be let out 3000

6 Receipt of dividend 304
7 Interest 180
8 Total Receipt 484
PART B (v)
As per Modigliani Miller theory, it is irrelevant to analyse the capital structure as the same
does not contribute to the value of the company rather the same is derived by the net
operating cash flow of the company. However, under such thesis there is no transaction cost
and taxes. The assumption behind the same proposition is that there are no taxes and
transaction cost for raising finance. However, the above proposition does not hold true when
the aforesaid assumptions are violated. In such a scenario, MM has proposed that the value of
the company shall be increased by the present value of tax savings on account of interest on
debt.
In addition the theory holds that WACC of the company remains consistent and addition of
debt in the company capital structure increased cost of equity.
(Study.com, 2018)
References:
CFI Education Inc. (2018). WACC. Retrieved October 3, 2018, from corporatefinanceinstitute.com:
https://corporatefinanceinstitute.com/resources/knowledge/finance/what-is-wacc-formula/
Study.com. (2018). The Modigliani-Miller Theorem: Definition, Formula & Examples. Retrieved
October 3, 2018, from Study.com: https://study.com/academy/lesson/the-modigliani-miller-
theorem-definition-formula-examples.html

Appendix-1
Sl No Particulars Principal Interest EMI Closing
Discounting
Factor
Present
Value
1 Loan Amount 800000 2400
3637.1
6
798762.8
4 0.999001 3633.529273
2 Loan Amount
798762.8
4
2396.28
9
3637.1
6
797521.9
6 0.998003 3629.899373
3 Loan Amount
797521.9
6
2392.56
6
3637.1
6
796277.3
7 0.997006 3626.2731
4 Loan Amount
796277.3
7
2388.83
2
3637.1
6
795029.0
4 0.996010 3622.65045
5 Loan Amount
795029.0
4
2385.08
7
3637.1
6
793776.9
6 0.995015 3619.031418
6 Loan Amount
793776.9
6
2381.33
1
3637.1
6
792521.1
3 0.994021 3615.416002
7 Loan Amount
792521.1
3
2377.56
3
3637.1
6
791261.5
3 0.993028 3611.804198
8 Loan Amount
791261.5
3
2373.78
5
3637.1
6
789998.1
5 0.992036 3608.196002
9 Loan Amount
789998.1
5
2369.99
4
3637.1
6
788730.9
8 0.991045 3604.591411
10 Loan Amount
788730.9
8
2366.19
3
3637.1
6
787460.0
1 0.990055 3600.99042
11 Loan Amount
787460.0
1 2362.38
3637.1
6
786185.2
3 0.989066 3597.393027
12 Loan Amount
786185.2
3
2358.55
6
3637.1
6
784906.6
2 0.988078 3593.799228
13 Loan Amount
784906.6
2 2354.72
3637.1
6
783624.1
8 0.987091 3590.209019
14 Loan Amount 783624.1 2350.87 3637.1 782337.8 0.986104 3586.622396

Sl No Particulars Principal Interest EMI Closing
Discounting
Factor
Present
Value
8 3 6 9
15 Loan Amount
782337.8
9
2347.01
4
3637.1
6
781047.7
4 0.985119 3583.039357
16 Loan Amount
781047.7
4
2343.14
3
3637.1
6
779753.7
2 0.984135 3579.459897
17 Loan Amount
779753.7
2
2339.26
1
3637.1
6
778455.8
2 0.983152 3575.884013
18 Loan Amount
778455.8
2
2335.36
7
3637.1
6
777154.0
2 0.982170 3572.311702
19 Loan Amount
777154.0
2
2331.46
2
3637.1
6
775848.3
2 0.981189 3568.742959
20 Loan Amount
775848.3
2
2327.54
5
3637.1
6
774538.7
0 0.980208 3565.177781
21 Loan Amount
774538.7
0
2323.61
6
3637.1
6
773225.1
6 0.979229 3561.616165
22 Loan Amount
773225.1
6
2319.67
5
3637.1
6
771907.6
7 0.978251 3558.058107
23 Loan Amount
771907.6
7
2315.72
3
3637.1
6
770586.2
3 0.977274 3554.503603
24 Loan Amount
770586.2
3
2311.75
9
3637.1
6
769260.8
3 0.976297 3550.95265
25 Loan Amount
769260.8
3
2307.78
2
3637.1
6
767931.4
5 0.975322 3547.405245
26 Loan Amount
767931.4
5
2303.79
4
3637.1
6
766598.0
8 0.974348 3543.861384
27 Loan Amount
766598.0
8
2299.79
4
3637.1
6
765260.7
1 0.973374 3540.321063
28 Loan Amount
765260.7
1
2295.78
2
3637.1
6
763919.3
3 0.972402 3536.784278
29 Loan Amount 763919.3 2291.75 3637.1 762573.9 0.971431 3533.251027

Sl No Particulars Principal Interest EMI Closing
Discounting
Factor
Present
Value
3 8 6 2
30 Loan Amount
762573.9
2
2287.72
2
3637.1
6
761224.4
8 0.970460 3529.721306
31 Loan Amount
761224.4
8
2283.67
3
3637.1
6
759870.9
9 0.969491 3526.195111
32 Loan Amount
759870.9
9
2279.61
3
3637.1
6
758513.4
4 0.968522 3522.672438
33 Loan Amount
758513.4
4 2275.54
3637.1
6
757151.8
2 0.967555 3519.153285
34 Loan Amount
757151.8
2
2271.45
5
3637.1
6
755786.1
1 0.966588 3515.637647
35 Loan Amount
755786.1
1
2267.35
8
3637.1
6
754416.3
1 0.965622 3512.125522
36 Loan Amount
754416.3
1
2263.24
9
3637.1
6
753042.4
0 0.964658 3508.616905
37 Loan Amount
753042.4
0
2259.12
7
3637.1
6
751664.3
6 0.963694 3505.111793
38 Loan Amount
751664.3
6
2254.99
3
3637.1
6
750282.1
9 0.962731 3501.610183
39 Loan Amount
750282.1
9
2250.84
7
3637.1
6
748895.8
7 0.961769 3498.112071
40 Loan Amount
748895.8
7
2246.68
8
3637.1
6
747505.4
0 0.960809 3494.617454
41 Loan Amount
747505.4
0
2242.51
6
3637.1
6
746110.7
5 0.959849 3491.126327
42 Loan Amount
746110.7
5
2238.33
2
3637.1
6
744711.9
2 0.958890 3487.638689
43 Loan Amount
744711.9
2
2234.13
6
3637.1
6
743308.8
9 0.957932 3484.154534
44 Loan Amount 743308.8 2229.92 3637.1 741901.6 0.956975 3480.67386

Sl No Particulars Principal Interest EMI Closing
Discounting
Factor
Present
Value
9 7 6 6
45 Loan Amount
741901.6
6
2225.70
5
3637.1
6
740490.2
0 0.956019 3477.196663
46 Loan Amount
740490.2
0
2221.47
1
3637.1
6
739074.5
1 0.955064 3473.722941
47 Loan Amount
739074.5
1
2217.22
4
3637.1
6
737654.5
7 0.954110 3470.252688
48 Loan Amount
737654.5
7
2212.96
4
3637.1
6
736230.3
7 0.953157 3466.785902
49 Loan Amount
736230.3
7
2208.69
1
3637.1
6
734801.9
0 0.952204 3463.322579
50 Loan Amount
734801.9
0
2204.40
6
3637.1
6
733369.1
4 0.951253 3459.862717
51 Loan Amount
733369.1
4
2200.10
7
3637.1
6
731932.0
9 0.950303 3456.40631
52 Loan Amount
731932.0
9
2195.79
6
3637.1
6
730490.7
2 0.949354 3452.953357
53 Loan Amount
730490.7
2
2191.47
2
3637.1
6
729045.0
3 0.948405 3449.503853
54 Loan Amount
729045.0
3
2187.13
5
3637.1
6
727595.0
0 0.947458 3446.057795
55 Loan Amount
727595.0
0
2182.78
5
3637.1
6
726140.6
2 0.946511 3442.61518
56 Loan Amount
726140.6
2
2178.42
2
3637.1
6
724681.8
8 0.945566 3439.176004
57 Loan Amount
724681.8
8
2174.04
6
3637.1
6
723218.7
6 0.944621 3435.740264
58 Loan Amount
723218.7
6
2169.65
6
3637.1
6
721751.2
6 0.943677 3432.307956
59 Loan Amount 721751.2 2165.25 3637.1 720279.3 0.942735 3428.879077

Sl No Particulars Principal Interest EMI Closing
Discounting
Factor
Present
Value
6 4 6 5
60 Loan Amount
720279.3
5
2160.83
8
3637.1
6
718803.0
2 0.941793 3425.453623
61 Loan Amount
718803.0
2
2156.40
9
3637.1
6
717322.2
7 0.940852 3422.031592
62 Loan Amount
717322.2
7
2151.96
7
3637.1
6
715837.0
7 0.939912 3418.612979
63 Loan Amount
715837.0
7
2147.51
1
3637.1
6
714347.4
2 0.938973 3415.197781
64 Loan Amount
714347.4
2
2143.04
2
3637.1
6
712853.3
0 0.938035 3411.785995
65 Loan Amount
712853.3
0 2138.56
3637.1
6
711354.7
0 0.937098 3408.377617
66 Loan Amount
711354.7
0
2134.06
4
3637.1
6
709851.6
0 0.936162 3404.972645
67 Loan Amount
709851.6
0
2129.55
5
3637.1
6
708343.9
9 0.935227 3401.571074
68 Loan Amount
708343.9
9
2125.03
2
3637.1
6
706831.8
6 0.934292 3398.172901
69 Loan Amount
706831.8
6
2120.49
6
3637.1
6
705315.2
0 0.933359 3394.778123
70 Loan Amount
705315.2
0
2115.94
6
3637.1
6
703793.9
8 0.932426 3391.386736
71 Loan Amount
703793.9
8
2111.38
2
3637.1
6
702268.2
0 0.931495 3387.998737
72 Loan Amount
702268.2
0
2106.80
5
3637.1
6
700737.8
4 0.930564 3384.614123
73 Loan Amount
700737.8
4
2102.21
4
3637.1
6
699202.8
9 0.929635 3381.23289
74 Loan Amount 699202.8 2097.60 3637.1 697663.3 0.928706 3377.855035

Sl No Particulars Principal Interest EMI Closing
Discounting
Factor
Present
Value
9 9 6 4
75 Loan Amount
697663.3
4 2092.99
3637.1
6
696119.1
6 0.927778 3374.480554
76 Loan Amount
696119.1
6
2088.35
7
3637.1
6
694570.3
6 0.926851 3371.109445
77 Loan Amount
694570.3
6
2083.71
1
3637.1
6
693016.9
1 0.925925 3367.741703
78 Loan Amount
693016.9
1
2079.05
1
3637.1
6
691458.7
9 0.925000 3364.377326
79 Loan Amount
691458.7
9
2074.37
6
3637.1
6
689896.0
1 0.924076 3361.01631
80 Loan Amount
689896.0
1
2069.68
8
3637.1
6
688328.5
3 0.923153 3357.658651
81 Loan Amount
688328.5
3
2064.98
6
3637.1
6
686756.3
6 0.922231 3354.304347
82 Loan Amount
686756.3
6
2060.26
9
3637.1
6
685179.4
6 0.921310 3350.953393
83 Loan Amount
685179.4
6
2055.53
8
3637.1
6
683597.8
4 0.920389 3347.605787
84 Loan Amount
683597.8
4
2050.79
4
3637.1
6
682011.4
7 0.919470 3344.261526
85 Loan Amount
682011.4
7
2046.03
4
3637.1
6
680420.3
4 0.918551 3340.920605
86 Loan Amount
680420.3
4
2041.26
1
3637.1
6
678824.4
4 0.917634 3337.583022
87 Loan Amount
678824.4
4
2036.47
3
3637.1
6
677223.7
5 0.916717 3334.248774
88 Loan Amount
677223.7
5
2031.67
1
3637.1
6
675618.2
6 0.915801 3330.917856
89 Loan Amount 675618.2 2026.85 3637.1 674007.9 0.914886 3327.590265

Sl No Particulars Principal Interest EMI Closing
Discounting
Factor
Present
Value
6 5 6 5
90 Loan Amount
674007.9
5
2022.02
4
3637.1
6
672392.8
1 0.913972 3324.265999
91 Loan Amount
672392.8
1
2017.17
8
3637.1
6
670772.8
3 0.913059 3320.945054
92 Loan Amount
670772.8
3
2012.31
8
3637.1
6
669147.9
8 0.912147 3317.627427
93 Loan Amount
669147.9
8
2007.44
4
3637.1
6
667518.2
6 0.911236 3314.313114
94 Loan Amount
667518.2
6
2002.55
5
3637.1
6
665883.6
5 0.910326 3311.002112
95 Loan Amount
665883.6
5
1997.65
1
3637.1
6
664244.1
4 0.909416 3307.694417
96 Loan Amount
664244.1
4
1992.73
2
3637.1
6
662599.7
1 0.908508 3304.390027
97 Loan Amount
662599.7
1
1987.79
9
3637.1
6
660950.3
5 0.907600 3301.088938
98 Loan Amount
660950.3
5
1982.85
1
3637.1
6
659296.0
4 0.906693 3297.791147
99 Loan Amount
659296.0
4
1977.88
8
3637.1
6
657636.7
6 0.905788 3294.496651
100 Loan Amount
657636.7
6 1972.91
3637.1
6
655972.5
1 0.904883 3291.205445
101 Loan Amount
655972.5
1
1967.91
8
3637.1
6
654303.2
6 0.903979 3287.917528
102 Loan Amount
654303.2
6 1962.91
3637.1
6
652629.0
1 0.903076 3284.632895
103 Loan Amount
652629.0
1
1957.88
7
3637.1
6
650949.7
4 0.902173 3281.351543
104 Loan Amount 650949.7 1952.84 3637.1 649265.4 0.901272 3278.07347

Sl No Particulars Principal Interest EMI Closing
Discounting
Factor
Present
Value
4 9 6 2
105 Loan Amount
649265.4
2
1947.79
6
3637.1
6
647576.0
5 0.900372 3274.798671
106 Loan Amount
647576.0
5
1942.72
8
3637.1
6
645881.6
2 0.899472 3271.527144
107 Loan Amount
645881.6
2
1937.64
5
3637.1
6
644182.1
0 0.898574 3268.258885
108 Loan Amount
644182.1
0
1932.54
6
3637.1
6
642477.4
9 0.897676 3264.993891
109 Loan Amount
642477.4
9
1927.43
2
3637.1
6
640767.7
6 0.896779 3261.732159
110 Loan Amount
640767.7
6
1922.30
3
3637.1
6
639052.9
0 0.895883 3258.473685
111 Loan Amount
639052.9
0
1917.15
9
3637.1
6
637332.8
9 0.894988 3255.218467
112 Loan Amount
637332.8
9
1911.99
9
3637.1
6
635607.7
3 0.894094 3251.9665
113 Loan Amount
635607.7
3
1906.82
3
3637.1
6
633877.3
9 0.893201 3248.717782
114 Loan Amount
633877.3
9
1901.63
2
3637.1
6
632141.8
6 0.892309 3245.47231
115 Loan Amount
632141.8
6
1896.42
6
3637.1
6
630401.1
2 0.891417 3242.23008
116 Loan Amount
630401.1
2
1891.20
3
3637.1
6
628655.1
6 0.890527 3238.991089
117 Loan Amount
628655.1
6
1885.96
5
3637.1
6
626903.9
6 0.889637 3235.755334
118 Loan Amount
626903.9
6
1880.71
2
3637.1
6
625147.5
1 0.888748 3232.522811
119 Loan Amount 625147.5 1875.44 3637.1 623385.7 0.887861 3229.293517

Sl No Particulars Principal Interest EMI Closing
Discounting
Factor
Present
Value
1 3 6 9
120 Loan Amount
623385.7
9
1870.15
7
3637.1
6
621618.7
9 0.886974 3226.06745
121 Loan Amount
621618.7
9
1864.85
6
3637.1
6
619846.4
8 0.886088 3222.844605
122 Loan Amount
619846.4
8
1859.53
9
3637.1
6
618068.8
6 0.885202 3219.62498
123 Loan Amount
618068.8
6
1854.20
7
3637.1
6
616285.9
0 0.884318 3216.408572
124 Loan Amount
616285.9
0
1848.85
8
3637.1
6
614497.6
0 0.883435 3213.195376
125 Loan Amount
614497.6
0
1843.49
3
3637.1
6
612703.9
3 0.882552 3209.985391
126 Loan Amount
612703.9
3
1838.11
2
3637.1
6
610904.8
7 0.881670 3206.778612
127 Loan Amount
610904.8
7
1832.71
5
3637.1
6
609100.4
3 0.880790 3203.575037
128 Loan Amount
609100.4
3
1827.30
1
3637.1
6
607290.5
6 0.879910 3200.374663
129 Loan Amount
607290.5
6
1821.87
2
3637.1
6
605475.2
7 0.879031 3197.177485
130 Loan Amount
605475.2
7
1816.42
6
3637.1
6
603654.5
4 0.878152 3193.983502
131 Loan Amount
603654.5
4
1810.96
4
3637.1
6
601828.3
4 0.877275 3190.792709
132 Loan Amount
601828.3
4
1805.48
5
3637.1
6
599996.6
6 0.876399 3187.605104
133 Loan Amount
599996.6
6 1799.99
3637.1
6
598159.4
9 0.875523 3184.420683
134 Loan Amount 598159.4 1794.47 3637.1 596316.8 0.874649 3181.239444

Sl No Particulars Principal Interest EMI Closing
Discounting
Factor
Present
Value
9 8 6 0
135 Loan Amount
596316.8
0 1788.95
3637.1
6
594468.5
9 0.873775 3178.061382
136 Loan Amount
594468.5
9
1783.40
6
3637.1
6
592614.8
3 0.872902 3174.886496
137 Loan Amount
592614.8
3
1777.84
4
3637.1
6
590755.5
1 0.872030 3171.714781
138 Loan Amount
590755.5
1
1772.26
7
3637.1
6
588890.6
2 0.871159 3168.546235
139 Loan Amount
588890.6
2
1766.67
2
3637.1
6
587020.1
3 0.870288 3165.380854
140 Loan Amount
587020.1
3 1761.06
3637.1
6
585144.0
3 0.869419 3162.218635
141 Loan Amount
585144.0
3
1755.43
2
3637.1
6
583262.2
9 0.868551 3159.059576
142 Loan Amount
583262.2
9
1749.78
7
3637.1
6
581374.9
2 0.867683 3155.903672
143 Loan Amount
581374.9
2
1744.12
5
3637.1
6
579481.8
8 0.866816 3152.750921
144 Loan Amount
579481.8
8
1738.44
6
3637.1
6
577583.1
6 0.865950 3149.60132
145 Loan Amount
577583.1
6
1732.74
9
3637.1
6
575678.7
5 0.865085 3146.454865
146 Loan Amount
575678.7
5
1727.03
6
3637.1
6
573768.6
2 0.864221 3143.311553
147 Loan Amount
573768.6
2
1721.30
6
3637.1
6
571852.7
7 0.863357 3140.171382
148 Loan Amount
571852.7
7
1715.55
8
3637.1
6
569931.1
6 0.862495 3137.034348
149 Loan Amount 569931.1 1709.79 3637.1 568003.7 0.861633 3133.900447

Sl No Particulars Principal Interest EMI Closing
Discounting
Factor
Present
Value
6 3 6 9
150 Loan Amount
568003.7
9
1704.01
1
3637.1
6
566070.6
4 0.860772 3130.769678
151 Loan Amount
566070.6
4
1698.21
2
3637.1
6
564131.6
9 0.859913 3127.642036
152 Loan Amount
564131.6
9
1692.39
5
3637.1
6
562186.9
2 0.859054 3124.517518
153 Loan Amount
562186.9
2
1686.56
1
3637.1
6
560236.3
2 0.858195 3121.396122
154 Loan Amount
560236.3
2
1680.70
9
3637.1
6
558279.8
7 0.857338 3118.277844
155 Loan Amount
558279.8
7 1674.84
3637.1
6
556317.5
4 0.856482 3115.162681
156 Loan Amount
556317.5
4
1668.95
3
3637.1
6
554349.3
3 0.855626 3112.050631
157 Loan Amount
554349.3
3
1663.04
8
3637.1
6
552375.2
2 0.854771 3108.941689
158 Loan Amount
552375.2
2
1657.12
6
3637.1
6
550395.1
8 0.853917 3105.835853
159 Loan Amount
550395.1
8
1651.18
6
3637.1
6
548409.2
0 0.853064 3102.73312
160 Loan Amount
548409.2
0
1645.22
8
3637.1
6
546417.2
7 0.852212 3099.633487
161 Loan Amount
546417.2
7
1639.25
2
3637.1
6
544419.3
6 0.851361 3096.53695
162 Loan Amount
544419.3
6
1633.25
8
3637.1
6
542415.4
5 0.850510 3093.443506
163 Loan Amount
542415.4
5
1627.24
6
3637.1
6
540405.5
4 0.849660 3090.353153
164 Loan Amount 540405.5 1621.21 3637.1 538389.5 0.848812 3087.265887

Sl No Particulars Principal Interest EMI Closing
Discounting
Factor
Present
Value
4 7 6 9
165 Loan Amount
538389.5
9
1615.16
9
3637.1
6
536367.6
0 0.847964 3084.181705
166 Loan Amount
536367.6
0
1609.10
3
3637.1
6
534339.5
4 0.847116 3081.100605
167 Loan Amount
534339.5
4
1603.01
9
3637.1
6
532305.3
9 0.846270 3078.022582
168 Loan Amount
532305.3
9
1596.91
6
3637.1
6
530265.1
5 0.845425 3074.947635
169 Loan Amount
530265.1
5
1590.79
5
3637.1
6
528218.7
8 0.844580 3071.875759
170 Loan Amount
528218.7
8
1584.65
6
3637.1
6
526166.2
7 0.843736 3068.806952
171 Loan Amount
526166.2
7
1578.49
9
3637.1
6
524107.6
1 0.842894 3065.741211
172 Loan Amount
524107.6
1
1572.32
3
3637.1
6
522042.7
7 0.842052 3062.678532
173 Loan Amount
522042.7
7
1566.12
8
3637.1
6
519971.7
3 0.841210 3059.618913
174 Loan Amount
519971.7
3
1559.91
5
3637.1
6
517894.4
9 0.840370 3056.562351
175 Loan Amount
517894.4
9
1553.68
3
3637.1
6
515811.0
1 0.839530 3053.508842
176 Loan Amount
515811.0
1
1547.43
3
3637.1
6
513721.2
8 0.838692 3050.458384
177 Loan Amount
513721.2
8
1541.16
4
3637.1
6
511625.2
8 0.837854 3047.410973
178 Loan Amount
511625.2
8
1534.87
6
3637.1
6
509522.9
9 0.837017 3044.366606
179 Loan Amount 509522.9 1528.56 3637.1 507414.4 0.836181 3041.325281

Sl No Particulars Principal Interest EMI Closing
Discounting
Factor
Present
Value
9 9 6 0
180 Loan Amount
507414.4
0
1522.24
3
3637.1
6
505299.4
8 0.835345 3038.286994
181 Loan Amount
505299.4
8
1515.89
8
3637.1
6
503178.2
1 0.834511 3035.251742
182 Loan Amount
503178.2
1
1509.53
5
3637.1
6
501050.5
9 0.833677 3032.219523
183 Loan Amount
501050.5
9
1503.15
2
3637.1
6
498916.5
7 0.832844 3029.190332
184 Loan Amount
498916.5
7 1496.75
3637.1
6
496776.1
6 0.832012 3026.164168
185 Loan Amount
496776.1
6
1490.32
8
3637.1
6
494629.3
3 0.831181 3023.141027
186 Loan Amount
494629.3
3
1483.88
8
3637.1
6
492476.0
5 0.830351 3020.120906
187 Loan Amount
492476.0
5
1477.42
8
3637.1
6
490316.3
2 0.829521 3017.103802
188 Loan Amount
490316.3
2
1470.94
9
3637.1
6
488150.1
0 0.828693 3014.089713
189 Loan Amount
488150.1
0 1464.45
3637.1
6
485977.3
9 0.827865 3011.078634
190 Loan Amount
485977.3
9
1457.93
2
3637.1
6
483798.1
6 0.827038 3008.070563
191 Loan Amount
483798.1
6
1451.39
4
3637.1
6
481612.3
9 0.826211 3005.065498
192 Loan Amount
481612.3
9
1444.83
7
3637.1
6
479420.0
7 0.825386 3002.063434
193 Loan Amount
479420.0
7 1438.26
3637.1
6
477221.1
6 0.824561 2999.06437
194 Loan Amount 477221.1 1431.66 3637.1 475015.6 0.823738 2996.068302

Sl No Particulars Principal Interest EMI Closing
Discounting
Factor
Present
Value
6 3 6 6
195 Loan Amount
475015.6
6
1425.04
7
3637.1
6
472803.5
5 0.822915 2993.075227
196 Loan Amount
472803.5
5
1418.41
1
3637.1
6
470584.8
0 0.822093 2990.085141
197 Loan Amount
470584.8
0
1411.75
4
3637.1
6
468359.3
9 0.821271 2987.098043
198 Loan Amount
468359.3
9
1405.07
8
3637.1
6
466127.3
0 0.820451 2984.113929
199 Loan Amount
466127.3
0
1398.38
2
3637.1
6
463888.5
2 0.819631 2981.132797
200 Loan Amount
463888.5
2
1391.66
6
3637.1
6
461643.0
3 0.818813 2978.154642
201 Loan Amount
461643.0
3
1384.92
9
3637.1
6
459390.7
9 0.817995 2975.179463
202 Loan Amount
459390.7
9
1378.17
2
3637.1
6
457131.8
0 0.817177 2972.207255
203 Loan Amount
457131.8
0
1371.39
5
3637.1
6
454866.0
3 0.816361 2969.238017
204 Loan Amount
454866.0
3
1364.59
8
3637.1
6
452593.4
7 0.815545 2966.271746
205 Loan Amount
452593.4
7 1357.78
3637.1
6
450314.0
9 0.814731 2963.308437
206 Loan Amount
450314.0
9
1350.94
2
3637.1
6
448027.8
7 0.813917 2960.348089
207 Loan Amount
448027.8
7
1344.08
4
3637.1
6
445734.7
9 0.813104 2957.390698
208 Loan Amount
445734.7
9
1337.20
4
3637.1
6
443434.8
3 0.812291 2954.436262
209 Loan Amount 443434.8 1330.30 3637.1 441127.9 0.811480 2951.484777

Sl No Particulars Principal Interest EMI Closing
Discounting
Factor
Present
Value
3 4 6 7
210 Loan Amount
441127.9
7
1323.38
4
3637.1
6
438814.1
9 0.810669 2948.536241
211 Loan Amount
438814.1
9
1316.44
3
3637.1
6
436493.4
7 0.809859 2945.59065
212 Loan Amount
436493.4
7 1309.48
3637.1
6
434165.7
9 0.809050 2942.648002
213 Loan Amount
434165.7
9
1302.49
7
3637.1
6
431831.1
2 0.808242 2939.708294
214 Loan Amount
431831.1
2
1295.49
3
3637.1
6
429489.4
5 0.807435 2936.771523
215 Loan Amount
429489.4
5
1288.46
8
3637.1
6
427140.7
6 0.806628 2933.837685
216 Loan Amount
427140.7
6
1281.42
2
3637.1
6
424785.0
2 0.805822 2930.906778
217 Loan Amount
424785.0
2
1274.35
5
3637.1
6
422422.2
1 0.805017 2927.978799
218 Loan Amount
422422.2
1
1267.26
7
3637.1
6
420052.3
1 0.804213 2925.053746
219 Loan Amount
420052.3
1
1260.15
7
3637.1
6
417675.3
1 0.803410 2922.131614
220 Loan Amount
417675.3
1
1253.02
6
3637.1
6
415291.1
7 0.802607 2919.212402
221 Loan Amount
415291.1
7
1245.87
4
3637.1
6
412899.8
8 0.801805 2916.296105
222 Loan Amount
412899.8
8 1238.7
3637.1
6
410501.4
2 0.801004 2913.382723
223 Loan Amount
410501.4
2
1231.50
4
3637.1
6
408095.7
6 0.800204 2910.47225
224 Loan Amount 408095.7 1224.28 3637.1 405682.8 0.799405 2907.564686

Sl No Particulars Principal Interest EMI Closing
Discounting
Factor
Present
Value
6 7 6 9
225 Loan Amount
405682.8
9
1217.04
9
3637.1
6
403262.7
7 0.798606 2904.660026
226 Loan Amount
403262.7
7
1209.78
8
3637.1
6
400835.4
0 0.797808 2901.758267
227 Loan Amount
400835.4
0
1202.50
6
3637.1
6
398400.7
4 0.797011 2898.859408
228 Loan Amount
398400.7
4
1195.20
2
3637.1
6
395958.7
8 0.796215 2895.963445
229 Loan Amount
395958.7
8
1187.87
6
3637.1
6
393509.4
9 0.795420 2893.070374
230 Loan Amount
393509.4
9
1180.52
8
3637.1
6
391052.8
6 0.794625 2890.180194
231 Loan Amount
391052.8
6
1173.15
9
3637.1
6
388588.8
5 0.793831 2887.292901
232 Loan Amount
388588.8
5
1165.76
7
3637.1
6
386117.4
6 0.793038 2884.408493
233 Loan Amount
386117.4
6
1158.35
2
3637.1
6
383638.6
5 0.792246 2881.526966
234 Loan Amount
383638.6
5
1150.91
6
3637.1
6
381152.4
0 0.791454 2878.648317
235 Loan Amount
381152.4
0
1143.45
7
3637.1
6
378658.7
0 0.790664 2875.772545
236 Loan Amount
378658.7
0
1135.97
6
3637.1
6
376157.5
1 0.789874 2872.899645
237 Loan Amount
376157.5
1
1128.47
3
3637.1
6
373648.8
2 0.789085 2870.029616
238 Loan Amount
373648.8
2
1120.94
6
3637.1
6
371132.6
0 0.788296 2867.162453
239 Loan Amount 371132.6 1113.39 3637.1 368608.8 0.787509 2864.298155

Sl No Particulars Principal Interest EMI Closing
Discounting
Factor
Present
Value
0 8 6 4
240 Loan Amount
368608.8
4
1105.82
7
3637.1
6
366077.5
0 0.786722 2861.436718
241 Loan Amount
366077.5
0
1098.23
3
3637.1
6
363538.5
7 0.785936 2858.57814
242 Loan Amount
363538.5
7
1090.61
6
3637.1
6
360992.0
2 0.785151 2855.722418
243 Loan Amount
360992.0
2
1082.97
6
3637.1
6
358437.8
4 0.784367 2852.869548
244 Loan Amount
358437.8
4
1075.31
4
3637.1
6
355875.9
9 0.783583 2850.019529
245 Loan Amount
355875.9
9
1067.62
8
3637.1
6
353306.4
5 0.782800 2847.172356
246 Loan Amount
353306.4
5
1059.91
9
3637.1
6
350729.2
1 0.782018 2844.328028
247 Loan Amount
350729.2
1
1052.18
8
3637.1
6
348144.2
3 0.781237 2841.486542
248 Loan Amount
348144.2
3
1044.43
3
3637.1
6
345551.5
0 0.780457 2838.647894
249 Loan Amount
345551.5
0
1036.65
5
3637.1
6
342951.0
0 0.779677 2835.812082
250 Loan Amount
342951.0
0
1028.85
3
3637.1
6
340342.6
9 0.778898 2832.979103
251 Loan Amount
340342.6
9
1021.02
8
3637.1
6
337726.5
5 0.778120 2830.148954
252 Loan Amount
337726.5
5 1013.18
3637.1
6
335102.5
7 0.777343 2827.321632
253 Loan Amount
335102.5
7
1005.30
8
3637.1
6
332470.7
1 0.776566 2824.497135
254 Loan Amount 332470.7 997.412 3637.1 329830.9 0.775790 2821.675459

Sl No Particulars Principal Interest EMI Closing
Discounting
Factor
Present
Value
1 1 6 6
255 Loan Amount
329830.9
6
989.492
9
3637.1
6
327183.2
9 0.775015 2818.856603
256 Loan Amount
327183.2
9
981.549
9
3637.1
6
324527.6
8 0.774241 2816.040562
257 Loan Amount
324527.6
8 973.583
3637.1
6
321864.1
0 0.773468 2813.227335
258 Loan Amount
321864.1
0
965.592
3
3637.1
6
319192.5
3 0.772695 2810.416918
259 Loan Amount
319192.5
3
957.577
6
3637.1
6
316512.9
4 0.771923 2807.609309
260 Loan Amount
316512.9
4
949.538
8
3637.1
6
313825.3
2 0.771152 2804.804504
261 Loan Amount
313825.3
2 941.476
3637.1
6
311129.6
3 0.770381 2802.002502
262 Loan Amount
311129.6
3
933.388
9
3637.1
6
308425.8
6 0.769612 2799.203298
263 Loan Amount
308425.8
6
925.277
6
3637.1
6
305713.9
7 0.768843 2796.406891
264 Loan Amount
305713.9
7
917.141
9
3637.1
6
302993.9
5 0.768075 2793.613278
265 Loan Amount
302993.9
5
908.981
9
3637.1
6
300265.7
7 0.767308 2790.822456
266 Loan Amount
300265.7
7
900.797
3
3637.1
6
297529.4
1 0.766541 2788.034421
267 Loan Amount
297529.4
1
892.588
2
3637.1
6
294784.8
3 0.765775 2785.249172
268 Loan Amount
294784.8
3
884.354
5
3637.1
6
292032.0
2 0.765010 2782.466705
269 Loan Amount 292032.0 876.096 3637.1 289270.9 0.764246 2779.687018

Sl No Particulars Principal Interest EMI Closing
Discounting
Factor
Present
Value
2 1 6 6
270 Loan Amount
289270.9
6
867.812
9
3637.1
6
286501.6
1 0.763482 2776.910108
271 Loan Amount
286501.6
1
859.504
8
3637.1
6
283723.9
5 0.762720 2774.135972
272 Loan Amount
283723.9
5
851.171
8
3637.1
6
280937.9
6 0.761958 2771.364608
273 Loan Amount
280937.9
6
842.813
9
3637.1
6
278143.6
1 0.761197 2768.596012
274 Loan Amount
278143.6
1
834.430
8
3637.1
6
275340.8
8 0.760436 2765.830182
275 Loan Amount
275340.8
8
826.022
6
3637.1
6
272529.7
4 0.759677 2763.067114
276 Loan Amount
272529.7
4
817.589
2
3637.1
6
269710.1
6 0.758918 2760.306808
277 Loan Amount
269710.1
6
809.130
5
3637.1
6
266882.1
3 0.758159 2757.549258
278 Loan Amount
266882.1
3
800.646
4
3637.1
6
264045.6
1 0.757402 2754.794464
279 Loan Amount
264045.6
1
792.136
8
3637.1
6
261200.5
9 0.756645 2752.042421
280 Loan Amount
261200.5
9
783.601
8
3637.1
6
258347.0
3 0.755889 2749.293128
281 Loan Amount
258347.0
3
775.041
1
3637.1
6
255484.9
1 0.755134 2746.546582
282 Loan Amount
255484.9
1
766.454
7
3637.1
6
252614.2
0 0.754380 2743.802779
283 Loan Amount
252614.2
0
757.842
6
3637.1
6
249734.8
8 0.753626 2741.061717
284 Loan Amount 249734.8 749.204 3637.1 246846.9 0.752873 2738.323394

Sl No Particulars Principal Interest EMI Closing
Discounting
Factor
Present
Value
8 6 6 2
285 Loan Amount
246846.9
2
740.540
8
3637.1
6
243950.3
0 0.752121 2735.587806
286 Loan Amount
243950.3
0
731.850
9
3637.1
6
241044.9
9 0.751370 2732.854951
287 Loan Amount
241044.9
9 723.135
3637.1
6
238130.9
6 0.750619 2730.124826
288 Loan Amount
238130.9
6
714.392
9
3637.1
6
235208.1
9 0.749869 2727.397429
289 Loan Amount
235208.1
9
705.624
6
3637.1
6
232276.6
5 0.749120 2724.672756
290 Loan Amount
232276.6
5
696.829
9
3637.1
6
229336.3
2 0.748372 2721.950805
291 Loan Amount
229336.3
2 688.009
3637.1
6
226387.1
6 0.747624 2719.231574
292 Loan Amount
226387.1
6
679.161
5
3637.1
6
223429.1
6 0.746877 2716.515059
293 Loan Amount
223429.1
6
670.287
5
3637.1
6
220462.2
9 0.746131 2713.801257
294 Loan Amount
220462.2
9
661.386
9
3637.1
6
217486.5
1 0.745386 2711.090167
295 Loan Amount
217486.5
1
652.459
5
3637.1
6
214501.8
1 0.744641 2708.381785
296 Loan Amount
214501.8
1
643.505
4
3637.1
6
211508.1
5 0.743897 2705.676109
297 Loan Amount
211508.1
5
634.524
4
3637.1
6
208505.5
1 0.743154 2702.973136
298 Loan Amount
208505.5
1
625.516
5
3637.1
6
205493.8
7 0.742412 2700.272863
299 Loan Amount 205493.8 616.481 3637.1 202473.1 0.741670 2697.575288

Sl No Particulars Principal Interest EMI Closing
Discounting
Factor
Present
Value
7 6 6 8
300 Loan Amount
202473.1
8
607.419
6
3637.1
6
199443.4
4 0.740929 2694.880408
301 Loan Amount
199443.4
4
598.330
3
3637.1
6
196404.6
1 0.740189 2692.188219
302 Loan Amount
196404.6
1
589.213
8
3637.1
6
193356.6
6 0.739450 2689.498721
303 Loan Amount
193356.6
6 580.07
3637.1
6
190299.5
7 0.738711 2686.811909
304 Loan Amount
190299.5
7
570.898
7
3637.1
6
187233.3
0 0.737973 2684.127781
305 Loan Amount
187233.3
0
561.699
9
3637.1
6
184157.8
4 0.737236 2681.446335
306 Loan Amount
184157.8
4
552.473
5
3637.1
6
181073.1
5 0.736499 2678.767567
307 Loan Amount
181073.1
5
543.219
5
3637.1
6
177979.2
1 0.735763 2676.091476
308 Loan Amount
177979.2
1
533.937
6
3637.1
6
174875.9
8 0.735028 2673.418058
309 Loan Amount
174875.9
8
524.627
9
3637.1
6
171763.4
5 0.734294 2670.74731
310 Loan Amount
171763.4
5
515.290
3
3637.1
6
168641.5
7 0.733561 2668.079231
311 Loan Amount
168641.5
7
505.924
7
3637.1
6
165510.3
4 0.732828 2665.413817
312 Loan Amount
165510.3
4 496.531
3637.1
6
162369.7
0 0.732096 2662.751066
313 Loan Amount
162369.7
0
487.109
1
3637.1
6
159219.6
5 0.731364 2660.090975
314 Loan Amount 159219.6 477.659 3637.1 156060.1 0.730634 2657.433542

Sl No Particulars Principal Interest EMI Closing
Discounting
Factor
Present
Value
5 6 5
315 Loan Amount
156060.1
5
468.180
4
3637.1
6
152891.1
6 0.729904 2654.778763
316 Loan Amount
152891.1
6
458.673
5
3637.1
6
149712.6
8 0.729175 2652.126636
317 Loan Amount
149712.6
8 449.138
3637.1
6
146524.6
5 0.728446 2649.477159
318 Loan Amount
146524.6
5 439.574
3637.1
6
143327.0
6 0.727718 2646.830329
319 Loan Amount
143327.0
6
429.981
2
3637.1
6
140119.8
8 0.726991 2644.186143
320 Loan Amount
140119.8
8
420.359
6
3637.1
6
136903.0
8 0.726265 2641.544598
321 Loan Amount
136903.0
8
410.709
2
3637.1
6
133676.6
2 0.725540 2638.905692
322 Loan Amount
133676.6
2
401.029
9
3637.1
6
130440.4
9 0.724815 2636.269423
323 Loan Amount
130440.4
9
391.321
5
3637.1
6
127194.6
5 0.724091 2633.635787
324 Loan Amount
127194.6
5
381.583
9
3637.1
6
123939.0
7 0.723367 2631.004782
325 Loan Amount
123939.0
7
371.817
2
3637.1
6
120673.7
2 0.722645 2628.376406
326 Loan Amount
120673.7
2
362.021
2
3637.1
6
117398.5
8 0.721923 2625.750655
327 Loan Amount
117398.5
8
352.195
7
3637.1
6
114113.6
2 0.721202 2623.127528
328 Loan Amount
114113.6
2
342.340
8
3637.1
6
110818.7
9 0.720481 2620.507021
329 Loan Amount 110818.7 332.456 3637.1 107514.0 0.719761 2617.889132

Sl No Particulars Principal Interest EMI Closing
Discounting
Factor
Present
Value
9 4 6 9
330 Loan Amount
107514.0
9
322.542
3
3637.1
6
104199.4
7 0.719042 2615.273858
331 Loan Amount
104199.4
7
312.598
4
3637.1
6
100874.9
0 0.718324 2612.661197
332 Loan Amount
100874.9
0
302.624
7
3637.1
6 97540.36 0.717606 2610.051145
333 Loan Amount 97540.36
292.621
1
3637.1
6 94195.82 0.716889 2607.443702
334 Loan Amount 94195.82
282.587
5
3637.1
6 90841.25 0.716173 2604.838863
335 Loan Amount 90841.25
272.523
7
3637.1
6 87476.61 0.715458 2602.236626
336 Loan Amount 87476.61
262.429
8
3637.1
6 84101.88 0.714743 2599.636989
337 Loan Amount 84101.88
252.305
6
3637.1
6 80717.02 0.714029 2597.039949
338 Loan Amount 80717.02
242.151
1
3637.1
6 77322.01 0.713316 2594.445504
339 Loan Amount 77322.01 231.966
3637.1
6 73916.81 0.712603 2591.85365
340 Loan Amount 73916.81
221.750
4
3637.1
6 70501.40 0.711891 2589.264386
341 Loan Amount 70501.40
211.504
2
3637.1
6 67075.74 0.711180 2586.677708
342 Loan Amount 67075.74
201.227
2
3637.1
6 63639.80 0.710470 2584.093614
343 Loan Amount 63639.80
190.919
4
3637.1
6 60193.56 0.709760 2581.512102
344 Loan Amount 60193.56 180.580 3637.1 56736.98 0.709051 2578.933169

Sl No Particulars Principal Interest EMI Closing
Discounting
Factor
Present
Value
7 6
345 Loan Amount 56736.98
170.210
9
3637.1
6 53270.03 0.708342 2576.356812
346 Loan Amount 53270.03
159.810
1
3637.1
6 49792.67 0.707635 2573.783029
347 Loan Amount 49792.67 149.378
3637.1
6 46304.89 0.706928 2571.211817
348 Loan Amount 46304.89
138.914
7
3637.1
6 42806.64 0.706222 2568.643174
349 Loan Amount 42806.64
128.419
9
3637.1
6 39297.90 0.705516 2566.077097
350 Loan Amount 39297.90
117.893
7
3637.1
6 35778.63 0.704811 2563.513584
351 Loan Amount 35778.63
107.335
9
3637.1
6 32248.80 0.704107 2560.952631
352 Loan Amount 32248.80 96.7464
3637.1
6 28708.38 0.703404 2558.394237
353 Loan Amount 28708.38
86.1251
5
3637.1
6 25157.35 0.702701 2555.838398
354 Loan Amount 25157.35
75.4720
4
3637.1
6 21595.66 0.701999 2553.285113
355 Loan Amount 21595.66
64.7869
7
3637.1
6 18023.28 0.701298 2550.734379
356 Loan Amount 18023.28
54.0698
4
3637.1
6 14440.19 0.700597 2548.186193
357 Loan Amount 14440.19
43.3205
6
3637.1
6 10846.35 0.699897 2545.640552
358 Loan Amount 10846.35
32.5390
4
3637.1
6 7241.72 0.699198 2543.097455
359 Loan Amount 7241.72 21.7251 3637.1 3626.28 0.698500 2540.556898

Sl No Particulars Principal Interest EMI Closing
Discounting
Factor
Present
Value
6 6
360 Loan Amount 3626.28
10.8788
5
3637.1
6 0.00 0.697802 2538.018879
Total Interest (A(ii)
509378.
6 Answer (c) 1099143.923
Difference (d) 299143.9229