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How much is the total cash outflow and interest cash outflow

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Question - A property is available for sale at a price of Rs.2.5 million. The buyer can take a maximum housing loan of 85% of the property cost. The balance should be funded from her savings. The rate of interest on bank loan is 12% per annum. The loan will be amortized in 15 annual installments.

Required -

a) Show the repayment schedule of the housing loan.

b) How much is the total cash outflow and interest cash outflow for this loan.

Reference no: EM133099655

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