Questions tagged [amortization]
any question related to the amortization of loan. Also refered to as EMI or repayment schedule
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How to prepare constant annuity amortization table for a simple interest loan?
My company (in which I work) offers a home loan of ₹60,00,000 with simple interest. It is written in terms and conditions of this loan that principal shall be repaid in not more than 225 monthly ...
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Interest and principal line-item amounts for seasonal mortgage
I'm working with this question: Seasonal Loan Amortization. I wondered if someone could elaborate how to calculate the principal and interest portions of the payments when they are paid. The article ...
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Calculating interest accrued for 30/360
my typical interest calculation is Actual/Actual or Actual/365. I'm curious to how 30/360 should be calculated if the duration is not from beginning of the month to the end of the month.
For example
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how to find flat rate of interest per annum and month if we have given reducing rate of interest or loan amount and tenure?
For example: For loan amount 500000 for 5 years at the rate of 12% (reducing interest rate), EMI is 11,122.22 per month Here 12% reducing is equivalent to flat 6.69% per annum or flat 0.55% per month.
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