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MGT201 Assignment No 1 Solution Fall 2023 – VU Assignment Solution – VU Fall Assignment Solution
The MGT201 Assignment No 1 Solution Fall 2023Â of Virtual University (VU) course assignment, and I will share with you today the solution I came up with. Always come back to StudySolution for the most recent updates regarding the answers to your assignments.
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Assignment No. 1
Solution Fall 2023
MGT201 Assignment 1
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Ans:
Requirement #01: Based on above information, provide following information in the given table (2 marks)
| No. of Installments | Interest rate | No. of compounding periods | Annuity type (Ordinary or
due) |
| 8 | 15% | 8 | Ordinary |
Requirement #02: Prepare amortization table based on provided information in the following format (16 marks) Â
| No. of Installments | Installment
Amount |
Interest  Amount | Principal amount | Balance |
| 1 | Rs. 137,359.14 | Rs. 6,250.00 | Rs. 131,109.14 | Rs.
368,890.86 |
| 2 | Rs. 137,359.14 | Rs. 5,533.63 | Rs. 131,825.51 | Rs.
237,065.35 |
| 3 | Rs. 137,359.14 | Rs. 3,551.33 | Rs. 133,807.81 | Rs.
103,257.54 |
| 4 | Rs. 137,359.14 | Rs. 1,547.58 | Rs. 135,811.56 | Rs. 0.00 |
Requirement #03: Analyze the trend in the following items of amortization table (Clearly mention whether the given item is showing an increasing trend, decreasing trend or constant trend over the period of amortization)-2 marks
| item | trend |
| Installment Amount | Constant |
| Interest Amount | Decreasing |
| Principal Amount | Increasing |
| Balance | Decreasing |
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