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Corporate Finance · Quiz 1 · 23 Feb 2025 · January 2025 term

Question 18: Suresh wants to build a house. He takes a home loan of R…

Question 18

+4 marksOne correct option

Suresh wants to build a house. He takes a home loan of Rs 5,00,000 at a 2% monthly interest rate for 10 years. What would be the equated monthly instalment (EMI) that he will be paying each month for the next 10 years, beginning next month (Round off to nearest integer)?

  1. A

    Rs 4,167

  2. B

    Rs 5,000

  3. C

    Rs 9,462

  4. D

    Rs 11,024

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Correct answer

  • D

    Rs 11,024

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Question 18 of 25 in the IIT Madras BS Corporate Finance (Corporate Finance) Quiz 1 paper sat on 23 Feb 2025, in the January 2025 term (IIT M DEGREE AN EXAM QDB2 23 Feb 2025). It carries 4 marks.

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