Chapter XXII: Appendix: E

CALCULATION OF RE-PAYMENTS OF LOANS BY EQUAL INSTALMENTS.

The annexed table shows the instalments by which a loan of one lakh of rupees will be refunded by periodical instalments in a given number of years, interest being calculated at 4, 4½, 5, 5½, 6 and 6¼ per cent.

In the left-hand column, under each term, interest is added, and recovery of the instalments due made at the end of each year; in the right-hand column interest and instalment are supposed to be due half-yearly:—

─────┬─────────────────┬─────────────────┬───────────────── Per │ Five Years. │ Ten years. │ Fifteen years. cent.│ │ │ ─────┼────────┬────────┼────────┬────────┼────────┬──────── │ Year. │½ Year. │ Year. │½ Year. │ │ 4 │22,463·0│11,132·4│12,329·2│6,115·65│8,994·14│4,464·96 4½ │22,779·3│11,278·9│12,637·9│6,264·19│9,311·41│4,619·94 5 │23,097·6│11,425·7│12,950·3│6,414·69│9,634·21│4,777·763 5½ │23,417·6│11,574·5│13,266·7│6,567·2 │9,962·6 │4,938·6 6 │23,740·0│11,723·0│13,586·8│6,712·6 │10,296 3│5,101·9 6¼ │23,901·3│11,798·1│13,748·2│6,799·5 │10,465·0│5,184·7 ─────┴────────┴────────┴────────┴────────┴────────┴────────

─────┬─────────────────┬─────────────────┬───────────────── Per │ Twenty years. │ Twenty-five │ Thirty years. cent.│ │ years. │ ─────┼────────┬────────┼────────┬────────┼────────┬──────── │ │ │ │ │ │ 4 │7,358·18│3,655·55│6,401·21│3,182·32│5,783·01│2,876·78 4½ │7,687·64│3,817·69│6,743·92│3,351·84│6,139·15│3,053·53 5 │8,024·25│3,985·62│7,095·23│3,525·80│6,505·15│3,235·353 5½ │8,367·9 │4,153·2 │7,454·9 │3,704·2 │6,880·5 │3,422·0 6 │8,718·4 │4,326·2 │7,822·6 │3,886·5 │7,264·9 │3,613·3 6¼ │8,986·2 │4,414·0 │8,009·5 │3,979·3 │7,460·3 │3,710·6 ─────┴────────┴────────┴────────┴────────┴────────┴────────