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Muhammad Nadeem
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Simple program in c#
Jan 12 2017 7:40 AM
Hi everyone, I have question for all.
Table: Eligibility Criteria for Car Loan
Requirements
Salaried Individuals
Business Persons
Citizenship
Indian
Indian
Age
22-60 Years
22-70 Years
Minimum monthly income
Rs. 50,000
Rs. 75,000
How to do?
Car Name
Total cost of vehicle
Down Payment
Number of years
Markup rate option
Car Name (Choose from given list of vehicles)
Down payment should be from 20 to 50%.
Mark up will be charged 10 to 15%
Number of years of installments should be 3, 4 or 5.
example for 3 years plan as formula to calculate installments
Total payment - down payment (700000-200000 = 500000)
installments for 3 years
500000/36 = 13888
Calculate mark up per annum (12%)
500000*0.12 = 60000
60000/12 = 5000
Total payment per month = 13888+5000=18888
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