FinTech Worksheet Day 006 EA

FinTech Worksheet Day 006 EA

1000Hrs To 1100 Hrs  ♀️

Open and Check your Gmail, WhatsApp, Facebook, Twitter, Pinterest, Quora Open and Reply or share do the needful.

1100Hrs To 1300 Hrs  ‍♀  

Salary of a pilot is 30 lakhs per annum. He wishes to buy a new flat worth one crore 50 lakh. It is expected that the value of the flat will increase for first five years then decreasing for next three years at the rate of 2%. He has savings of Rs.50 lakhs. He has two choices in front of him.

 

Option one – the bank has given him the loan permission for Rs.1,00,00,000 @ 8% per annum to be repaid in next five years.

 

Option two – he has to buy the property in cash once he saves the required amount.

 

When should he purchase the property and why?

 

(assume the personal expenses of the pilot 1.500,00 rupees per month)

 

  

1300Hrs To 1400 Hrs 

Lunch Break   🧁🍪🍮🥧🍰🍩🎂

1400Hrs To 1500 Hrs 🙇🙇🏻‍♀

Q2 What are the different types of investments available at banks?

1600Hrs To 1700 Hrs 🙇🙇🏻‍♀

Q3 What are the general terms and conditions of any financial institution before providing loan.?

 

Q4 does the interest amount to be paid for any loan remains constant throughout the period or not. Support your answer with reason.

Make Your Day 006   Report of all Work done.  After Completion of the work, kindly send Report to,    [ Copy + Paste Only ] 

hr@aircrewsaviation.com, 

Ektaaggarwal.aircrews@gmail.com

Ekta Agrawal 

Manager – Fin-tech

AirCrews Aviation Pvt. Ltd.
Ektaaggarwal.aircrews@gmail.com
Aircrews.ektaaggarwal@gmail.com
LinkedIn - http://linkedin.com/in/ekta-aggarwal-542ba6109