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Answer to Question #265422 in Economics for Vishal

Question #265422

Assume that you plan to take a housing loan with a tenor of 20 year. The loan has to be repaid in equal monthly installments. Considering that the loan amount is Rs. 50 lakhs and the interest rate on loan is 9% p.a., what would be the equated monthly installment (EMI)?


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Expert's answer
2021-11-15T10:22:10-0500
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