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saad abbas
Feb 11, 2013, 12:46 PM
Prepare an amortizaion schedule based on:
1 principal amount Rs 300,000
2 interest rate13%
3 period 5 years
4 yearly installment Rs 85,294

joypulv
Feb 11, 2013, 12:54 PM
We help - we don't do your work for you.

saad abbas
Feb 11, 2013, 01:31 PM
Please help me

joypulv
Feb 11, 2013, 01:51 PM
If you Google 'amortization calculator' you will get dozens. You put in your numbers, and get a table. If you have Excel, it's included. If you don't have Excel, you can download Open Office for free. Here's one: Loan Amortization Table Calculator (http://www.amortizationtable.org/)

Scroll down the page. It looks to me like the monthly payments add up to your yearly amount. You don't need to put that number into the calculator. Don't worry about rupees vs dollars.

saad abbas
Feb 11, 2013, 01:56 PM
OK thank u so much...