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Principal Rs.1,000,000 Rate (P.a.) 15% Year 5 Periodicity 4 Effective Rate 0.0375 Nper 20 Installment Rs.71,962.10

The document provides details of a loan taken for Rs. 1,000,000 at an annual interest rate of 15% to be paid back over 20 quarters. It includes an amortization table showing the breakdown of each payment into interest and principal portions, with the principal amount outstanding decreasing each period as the loan is paid off. It also references the IPMT and PPMT functions to calculate interest and principal portions of each payment.

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Shubham Mishra
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29 views6 pages

Principal Rs.1,000,000 Rate (P.a.) 15% Year 5 Periodicity 4 Effective Rate 0.0375 Nper 20 Installment Rs.71,962.10

The document provides details of a loan taken for Rs. 1,000,000 at an annual interest rate of 15% to be paid back over 20 quarters. It includes an amortization table showing the breakdown of each payment into interest and principal portions, with the principal amount outstanding decreasing each period as the loan is paid off. It also references the IPMT and PPMT functions to calculate interest and principal portions of each payment.

Uploaded by

Shubham Mishra
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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NAME : SHUBHAM MISHRA

ROLL NO: 22781

INTERNAL ASSESSMENT (QUESTION 2)

Principal Rs.1,000,000
Rate(p.a.) 15%
Year 5
Periodicity 4
effective rate 0.0375
nper 20
Installment Rs.71,962.10

The above table provides the principal loan amount, per annum rate of interest and installment pe
(hint: the ppt is at

AMOUNT BORROWED 1,000,000.00


PERIODS 20
EFFECTIVE RATE 0.0375
PAYMENT 71,962.10
AMORTISATION TABLE
Column1 Column2 Column3 Column4
QUARTERS BEGINNING PMT INTEREST
1 1,000,000.00 71,962.10 37,500.00
2 965,537.90 71,962.10 36,207.67
3 929,783.48 71,962.10 34,866.88
4 892,688.26 71,962.10 33,475.81
5 854,201.97 71,962.10 32,032.57
6 814,272.45 71,962.10 30,535.22
7 772,845.57 71,962.10 28,981.71
8 729,865.18 71,962.10 27,369.94
9 685,273.03 71,962.10 25,697.74
10 639,008.67 71,962.10 23,962.83
11 591,009.40 71,962.10 22,162.85
12 541,210.15 71,962.10 20,295.38
13 489,543.43 71,962.10 18,357.88
14 435,939.22 71,962.10 16,347.72
15 380,324.84 71,962.10 14,262.18
16 322,624.92 71,962.10 12,098.43
17 262,761.26 71,962.10 9,853.55
18 200,652.71 71,962.10 7,524.48
19 136,215.09 71,962.10 5,108.07
20 69,361.06 71,962.10 2,601.04
TOTAL 439,241.95

IPMT:This function calculates what portion of your period payment is going towards interest in a pa
PPMT:This function calculates what portion of your period payment is going towards principal in a p

ASSUMPTION: we assume that interest payments are done at the end of the quarter.
HUBHAM MISHRA
22781

est and installment per quarter. Find out the payment schedule for the running amortization. Find out the IPM
(hint: the ppt is attached for IPMT and PPMT solution)

Column5 Column6 Column7


PRINCIPAL ENDING BALANCE IPMT
34,462.10 965,537.90 Err:508
35,754.43 929,783.48 Err:508
37,095.22 892,688.26 Err:508
38,486.29 854,201.97 Err:508
39,929.52 814,272.45 Err:508
41,426.88 772,845.57 Err:508
42,980.39 729,865.18 Err:508
44,592.15 685,273.03 Err:508
46,264.36 639,008.67 Err:508
47,999.27 591,009.40 Err:508
49,799.24 541,210.15 Err:508
51,666.72 489,543.43 Err:508
53,604.22 435,939.22 Err:508
55,614.38 380,324.84 Err:508
57,699.92 322,624.92 Err:508
59,863.66 262,761.26 Err:508
62,108.55 200,652.71 Err:508
64,437.62 136,215.09 Err:508
66,854.03 69,361.06 Err:508
69,361.06 - Err:508
1,000,000.00

owards interest in a particular period.


towards principal in a particular period.
e running amortization. Find out the IPMT and PPMT schedule as well.

Column8 Column9
PPMT PPMT+IPMT=PMT
Err:508 Err:509
Err:508 Err:509
Err:508 Err:509
Err:508 Err:509
Err:508 Err:509
Err:508 Err:509
Err:508 Err:509
Err:508 Err:509
Err:508 Err:509
Err:508 Err:509
Err:508 Err:509
Err:508 Err:509
Err:508 Err:509
Err:508 Err:509
Err:508 Err:509
Err:508 Err:509
Err:508 Err:509
Err:508 Err:509
Err:508 Err:509
Err:508 Err:509

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