Internal Rate Of Return (IRR) Technique: A Reliable Project Evaluation Method
Answer:
Question 1:
Que 1 a)
Calculation of monthly payment
Loan
$ 605,000.00
Tenure (months)
300
Interest rate monthly
0.54%
EMI
$4,085
Que 1 b)
The interest amount after 104th EMI
EMI No.
Opening balance loan
EMI
Interest
Closing balance loan
104
493969.3
4085.003 …
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