Say I Finance 75 vehicles
Initial Capital : = 75 vehicles * 180,000 Lac per vehicle = 13,500,000
Rate of Interest : 1.3% per month
However Calculation practise in the Industry is such that for 36 months :
Interest : 1.3% * 36 * 180,000 = 84,240
EMI Amount : (84,240 + 180,000) / 36 = 7340
Hi all Traders,
I am Nagappan. I'm frequent reader of traderji and this is my first thread.
I'm doing data research for last 2 years and tested many strategies I crafted based on several factors. I'm still not satisfied with the result. I have enough time to do this further.