If you want to get a loan but can only afford to pay Rs.10, 000 per month. How much can you borrow?

Question

If you want to get a loan but can only afford to pay Rs.10, 000 per month. How much can you borrow if the interest rate is 5% annually for 30 years?

Answer

this is about ratio I guess I can't answer your question because I have forgotten all about it.sorry.

Answer

rate	5%
nper	360
pmt	10000
	
	
=PV(C2/12,C3,C4,,1)	
($1,870,578)

Answers (2)