Compound interest

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 May 2013 hi all
I have a question.

I will borrow 30000(thirty thousand rupees) every month upto 25 years. interest rate would be 10.5% annually. interest would be compounded monthly. what amount i have to pay after 25 years.
How to calculate this amount?

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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27 June 2013 I am giving you calculation for 9 years and rest you can find it on the assumption that you are neither paying any principal nor any interest
Amount Rate Interest Pri+Intt.
30000 10.50% 262.5 30262.5
30262.5 10.50% 264.796875 30527.29688
30527.29688 10.50% 267.1138477 30794.41072
30794.41072 10.50% 269.4510938 31063.86182
31063.86182 10.50% 271.8087909 31335.67061
31335.67061 10.50% 274.1871178 31609.85773
31609.85773 10.50% 276.5862551 31886.44398
31886.44398 10.50% 279.0063848 32165.45037
32165.45037 10.50% 281.4476907 32446.89806
32446.89806 10.50% 283.910358 32730.80841
32730.80841 10.50% 286.3945736 33017.20299
33017.20299 10.50% 288.9005261 33306.10351
33306.10351 10.50% 291.4284057 33597.53192
33597.53192 10.50% 293.9784043 33891.51032
33891.51032 10.50% 296.5507153 34188.06104
34188.06104 10.50% 299.1455341 34487.20657
34487.20657 10.50% 301.7630575 34788.96963
34788.96963 10.50% 304.4034843 35093.37311
35093.37311 10.50% 307.0670148 35400.44013
35400.44013 10.50% 309.7538511 35710.19398
35710.19398 10.50% 312.4641973 36022.65818
36022.65818 10.50% 315.1982591 36337.85644
36337.85644 10.50% 317.9562438 36655.81268
36655.81268 10.50% 320.738361 36976.55104
36976.55104 10.50% 323.5448216 37300.09586
37300.09586 10.50% 326.3758388 37626.4717
37626.4717 10.50% 329.2316274 37955.70333
37955.70333 10.50% 332.1124041 38287.81573
38287.81573 10.50% 335.0183877 38622.83412
38622.83412 10.50% 337.9497986 38960.78392
38960.78392 10.50% 340.9068593 39301.69078
39301.69078 10.50% 343.8897943 39645.58057
39645.58057 10.50% 346.89883 39992.4794
39992.4794 10.50% 349.9341948 40342.4136
40342.4136 10.50% 352.996119 40695.40972
40695.40972 10.50% 356.084835 41051.49455
41051.49455 10.50% 359.2005773 41410.69513
41410.69513 10.50% 362.3435824 41773.03871
41773.03871 10.50% 365.5140887 42138.5528
42138.5528 10.50% 368.712337 42507.26514
42507.26514 10.50% 371.93857 42879.20371
42879.20371 10.50% 375.1930324 43254.39674
43254.39674 10.50% 378.4759715 43632.87271
43632.87271 10.50% 381.7876362 44014.66035
44014.66035 10.50% 385.128278 44399.78863
44399.78863 10.50% 388.4981505 44788.28678
44788.28678 10.50% 391.8975093 45180.18429
45180.18429 10.50% 395.3266125 45575.5109
45575.5109 10.50% 398.7857204 45974.29662
45974.29662 10.50% 402.2750954 46376.57171
46376.57171 10.50% 405.7950025 46782.36672
46782.36672 10.50% 409.3457088 47191.71243
47191.71243 10.50% 412.9274837 47604.63991
47604.63991 10.50% 416.5405992 48021.18051
48021.18051 10.50% 420.1853294 48441.36584
48441.36584 10.50% 423.8619511 48865.22779
48865.22779 10.50% 427.5707432 49292.79853
49292.79853 10.50% 431.3119872 49724.11052
49724.11052 10.50% 435.085967 50159.19649
50159.19649 10.50% 438.8929693 50598.08946
50598.08946 10.50% 442.7332827 51040.82274
51040.82274 10.50% 446.607199 51487.42994
51487.42994 10.50% 450.515012 51937.94495
51937.94495 10.50% 454.4570183 52392.40197
52392.40197 10.50% 458.4335172 52850.83548
52850.83548 10.50% 462.4448105 53313.2803
53313.2803 10.50% 466.4912026 53779.7715
53779.7715 10.50% 470.5730006 54250.3445
54250.3445 10.50% 474.6905144 54725.03501
54725.03501 10.50% 478.8440564 55203.87907
55203.87907 10.50% 483.0339419 55686.91301
55686.91301 10.50% 487.2604888 56174.1735
56174.1735 10.50% 491.5240181 56665.69752
56665.69752 10.50% 495.8248533 57161.52237
57161.52237 10.50% 500.1633207 57661.68569
57661.68569 10.50% 504.5397498 58166.22544
58166.22544 10.50% 508.9544726 58675.17991
58675.17991 10.50% 513.4078243 59188.58774
59188.58774 10.50% 517.9001427 59706.48788
59706.48788 10.50% 522.431769 60228.91965
60228.91965 10.50% 527.0030469 60755.9227
60755.9227 10.50% 531.6143236 61287.53702
61287.53702 10.50% 536.2659489 61823.80297
61823.80297 10.50% 540.958276 62364.76125
62364.76125 10.50% 545.6916609 62910.45291
62910.45291 10.50% 550.4664629 63460.91937
63460.91937 10.50% 555.2830445 64016.20241
64016.20241 10.50% 560.1417711 64576.34419
64576.34419 10.50% 565.0430116 65141.3872
65141.3872 10.50% 569.987138 65711.37433
65711.37433 10.50% 574.9745254 66286.34886
66286.34886 10.50% 580.0055525 66866.35441
66866.35441 10.50% 585.0806011 67451.43501
67451.43501 10.50% 590.2000564 68041.63507
68041.63507 10.50% 595.3643069 68636.99938
68636.99938 10.50% 600.5737445 69237.57312
69237.57312 10.50% 605.8287648 69843.40189
69843.40189 10.50% 611.1297665 70454.53165
70454.53165 10.50% 616.477152 71071.0088
71071.0088 10.50% 621.871327 71692.88013
71692.88013 10.50% 627.3127012 72320.19283

Querist : Anonymous

Querist : Anonymous (Querist)

04 July 2013 thank you sir for your valueable suggestion and time

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