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Preclose FD Calculator

This document outlines the financial details of a loan with a principal amount of 100,000, an interest rate of 7.00%, and a maturity date of 2/4/2026. It includes information on pre-closure terms, such as a pre-closure date of 8/11/2023 and a reduced interest rate of 3.00%. The net gain from the transaction is reported as 1,687.15.

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9 views1 page

Preclose FD Calculator

This document outlines the financial details of a loan with a principal amount of 100,000, an interest rate of 7.00%, and a maturity date of 2/4/2026. It includes information on pre-closure terms, such as a pre-closure date of 8/11/2023 and a reduced interest rate of 3.00%. The net gain from the transaction is reported as 1,687.15.

Uploaded by

adv.mayurtandon
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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This workbook along with all its contents are the intellectual property of

Finance with Sharan, distribution of which is strictly prohibited.

Amount 100,000

Original Year
Particulars Details ###
Start date 2/4/2023 ###
Maturity date 2/4/2026 ###
Interest rate 7.00% ###
Amount 123,143.93

Pre-closure
Particulars Details
Pre-closure date 8/11/2023 Year
Interest rate 3.00% ###
Penal interest 1% ###
Effective interest 2.00% ###
Amount 101,041.24 ###

New Year
Particulars Details ###
Start date 3/31/2023 ###
Maturity date 2/4/2026 ###
Interest rate 8% ###
Amount 124,831.08

Net gain 1,687.15

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