Calculation of interest on term loan in project work

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 June 2012 hello,
i am preparing a project report for obtaining bank loan. can u please explain how to calculate the monthly repayment schedule of the loan with fixed monthly repayment of principal....? suppose the principal is rs.100000 at the rate of 13% with a fixed principal repayment of rs. 4167 over a period of 2 years? please help

Ki$hor B

Ki$hor B (Expert)
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19 June 2012 make an excel file that suits your criteria and work out the payments.

I can fwd the same should you want!
kishore.bolisetty8080@gmail.com

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