Problem Statement:

Approach
1. When we rent a house, we pay a monthly rent - which is our expense
2. However, if we buy a house, we pay a upfront down payment plus an interest on the loan amount, which is like a rent (to th
3. So the right way to evaluate is - if I could invest that down payment plus interest amount (above the rent I pay), what would
4. When we buy a house, we have to maintain the place, which costs money
5. However, the house increases in value

So the way to decide whether to buy or to rent, is to compare

Rent: How much am I paying as rent and how much do I earn by investing the down payment amount and the additional mont
Buy: How much am I paying as cost of the house and how much do I get if I sell the house later on
ount, which is like a rent (to the bank)
ove the rent I pay), what would happen?

mount and the additional monthly interest that I pay to the bank
 Should you buy a house or rent a house?
Analysis Period(I 20 years
Based on Analysis period you RENT your house

Renting a house - what are the financials? Buying a house - what are th

Monthly Rent? 20,000 Cost of the property

HRA Tax Benefit? 20% Registration %
Effective Monthly Rent 16,000 Registration Amount
Downpayment %
Yearly Rent you will pay 192,000 Downpayment Amount
Avg. yearly rent increase 10% Assumption Total upfront amount (incl registration)
Loan Amount
Total rent over the period 10,996,800 Interest rate on loan %
(this amount is not inflation adjusted) Loan Duration in years
EMI per month
This is your expense. But you also gain Tax bracket
if you invest the amount of downpayment Effective Interest Rate %
and also the additional interest you will pay Effection EMI per month
beyond your monthly rent
So this should be added as a benefit to Total Interest over the period
renting a house
Maintenance Amount (% of cost)
Total upfront amount 3,000,000 Maintenance Amount per month
Avg. yearly increase %
Additional monthly amount that you can
invest 46,733 Total maintenance over the period
Monthly Interest minus rent (which increases every year)
Return you can generate 10% Assumption Total cost of buying the house
Cost of house + Interest + maintenan
Value of upfront amount
after the period 20,182,500 The value of the house increases as well ev
Value of monthly amounts Property will increase by what %
after the period 23,361,376 every year
Value of property after this period
Net benefit of renting a house 32,547,076 Adjusted for inflation
Negative Rent amount plus amount you earned
by investing So net benefit of buying a house is
Negative number means you paid more than Value of property minus cost of prope
you earned Negative value means, buying a hous
rent a house?

ying a house - what are the financials?

Cost of the property 10,000,000 Assumption

Registration % 5% Assumption
Registration Amount 500,000
Downpayment % 25% Assumption
Downpayment Amount 2,500,000
upfront amount (incl registration) 3,000,000
Loan Amount 7,500,000
Interest rate on loan % 10% Assumption
Loan Duration in years 20 Assumption
EMI per month 72,377
Tax bracket 20%
Effective Interest Rate % 8% Assumption
Effection EMI per month 62,733

Total Interest over the period 7,555,921

Maintenance Amount (% of cost) 0.5% Assumption

Maintenance Amount per month 4,167
Avg. yearly increase % 5% Assumption

tal maintenance over the period 1,653,298

Total cost of buying the house 19,709,219

house + Interest + maintenance

ue of the house increases as well every year

y will increase by what %
every year 8% Assumption
alue of property after this period 46,609,571
ed for inflation

net benefit of buying a house is 26,900,352

of property minus cost of property, after the period
ve value means, buying a house costs you more in this period
Inflation 0%

Month Monthly Rent Cum EMI Interest Cum Interest Maintenance

1 16,000 16,000 62,733 50,000 50,000 4,167
2 16,000 32,000 62,733 49,915 99,915 4,167
3 16,000 48,000 62,733 49,830 149,745 4,167
4 16,000 64,000 62,733 49,744 199,488 4,167
5 16,000 80,000 62,733 49,657 249,145 4,167
6 16,000 96,000 62,733 49,570 298,715 4,167
7 16,000 112,000 62,733 49,482 348,197 4,167
8 16,000 128,000 62,733 49,394 397,591 4,167
9 16,000 144,000 62,733 49,305 446,896 4,167
10 16,000 160,000 62,733 49,215 496,111 4,167
11 16,000 176,000 62,733 49,125 545,237 4,167
12 16,000 192,000 62,733 49,034 594,271 4,167
13 17,600 209,600 62,733 48,943 643,214 4,375
14 17,600 227,200 62,733 48,851 692,065 4,375
15 17,600 244,800 62,733 48,759 740,824 4,375
16 17,600 262,400 62,733 48,666 789,490 4,375
17 17,600 280,000 62,733 48,572 838,061 4,375
18 17,600 297,600 62,733 48,477 886,539 4,375
19 17,600 315,200 62,733 48,382 934,921 4,375
20 17,600 332,800 62,733 48,287 983,208 4,375
21 17,600 350,400 62,733 48,190 1,031,398 4,375
22 17,600 368,000 62,733 48,093 1,079,491 4,375
23 17,600 385,600 62,733 47,996 1,127,487 4,375
24 17,600 403,200 62,733 47,898 1,175,385 4,375
25 19,360 422,560 62,733 47,799 1,223,183 4,594
26 19,360 441,920 62,733 47,699 1,270,882 4,594
27 19,360 461,280 62,733 47,599 1,318,481 4,594
28 19,360 480,640 62,733 47,498 1,365,979 4,594
29 19,360 500,000 62,733 47,396 1,413,375 4,594
30 19,360 519,360 62,733 47,294 1,460,670 4,594
31 19,360 538,720 62,733 47,191 1,507,861 4,594
32 19,360 558,080 62,733 47,088 1,554,948 4,594
33 19,360 577,440 62,733 46,983 1,601,932 4,594
34 19,360 596,800 62,733 46,878 1,648,810 4,594
35 19,360 616,160 62,733 46,773 1,695,583 4,594
36 19,360 635,520 62,733 46,666 1,742,249 4,594
37 21,296 656,816 62,733 46,559 1,788,808 4,823
38 21,296 678,112 62,733 46,451 1,835,259 4,823
39 21,296 699,408 62,733 46,343 1,881,602 4,823
40 21,296 720,704 62,733 46,233 1,927,835 4,823
41 21,296 742,000 62,733 46,123 1,973,959 4,823
42 21,296 763,296 62,733 46,013 2,019,971 4,823
43 21,296 784,592 62,733 45,901 2,065,873 4,823
44 21,296 805,888 62,733 45,789 2,111,662 4,823
45 21,296 827,184 62,733 45,676 2,157,338 4,823
46 21,296 848,480 62,733 45,562 2,202,900 4,823
47 21,296 869,776 62,733 45,448 2,248,348 4,823
48 21,296 891,072 62,733 45,333 2,293,680 4,823
49 23,426 914,498 62,733 45,217 2,338,897 5,065
50 23,426 937,923 62,733 45,100 2,383,997 5,065
51 23,426 961,349 62,733 44,982 2,428,979 5,065
52 23,426 984,774 62,733 44,864 2,473,843 5,065
53 23,426 1,008,200 62,733 44,745 2,518,588 5,065
54 23,426 1,031,626 62,733 44,625 2,563,213 5,065
55 23,426 1,055,051 62,733 44,504 2,607,717 5,065
56 23,426 1,078,477 62,733 44,383 2,652,100 5,065
57 23,426 1,101,902 62,733 44,260 2,696,360 5,065
58 23,426 1,125,328 62,733 44,137 2,740,497 5,065
59 23,426 1,148,754 62,733 44,013 2,784,511 5,065
60 23,426 1,172,179 62,733 43,888 2,828,399 5,065
61 25,768 1,197,947 62,733 43,763 2,872,162 5,318
62 25,768 1,223,716 62,733 43,636 2,915,798 5,318
63 25,768 1,249,484 62,733 43,509 2,959,307 5,318
64 25,768 1,275,252 62,733 43,381 3,002,688 5,318
65 25,768 1,301,020 62,733 43,252 3,045,940 5,318
66 25,768 1,326,788 62,733 43,122 3,089,062 5,318
67 25,768 1,352,556 62,733 42,991 3,132,053 5,318
68 25,768 1,378,324 62,733 42,860 3,174,913 5,318
69 25,768 1,404,093 62,733 42,727 3,217,640 5,318
70 25,768 1,429,861 62,733 42,594 3,260,234 5,318
71 25,768 1,455,629 62,733 42,459 3,302,693 5,318
72 25,768 1,481,397 62,733 42,324 3,345,017 5,318
73 28,345 1,509,742 62,733 42,188 3,387,206 5,584
74 28,345 1,538,087 62,733 42,051 3,429,257 5,584
75 28,345 1,566,432 62,733 41,913 3,471,170 5,584
76 28,345 1,594,777 62,733 41,775 3,512,945 5,584
77 28,345 1,623,122 62,733 41,635 3,554,580 5,584
78 28,345 1,651,467 62,733 41,494 3,596,074 5,584
79 28,345 1,679,812 62,733 41,353 3,637,427 5,584
80 28,345 1,708,157 62,733 41,210 3,678,637 5,584
81 28,345 1,736,502 62,733 41,067 3,719,704 5,584
82 28,345 1,764,847 62,733 40,922 3,760,626 5,584
83 28,345 1,793,192 62,733 40,777 3,801,403 5,584
84 28,345 1,821,537 62,733 40,630 3,842,033 5,584
85 31,179 1,852,716 62,733 40,483 3,882,516 5,863
86 31,179 1,883,896 62,733 40,335 3,922,851 5,863
87 31,179 1,915,075 62,733 40,185 3,963,036 5,863
88 31,179 1,946,255 62,733 40,035 4,003,071 5,863
89 31,179 1,977,434 62,733 39,884 4,042,955 5,863
90 31,179 2,008,614 62,733 39,731 4,082,687 5,863
91 31,179 2,039,793 62,733 39,578 4,122,265 5,863
92 31,179 2,070,973 62,733 39,424 4,161,689 5,863
93 31,179 2,102,152 62,733 39,268 4,200,957 5,863
 94 31,179 2,133,332 62,733 39,112 4,240,069 5,863
95 31,179 2,164,511 62,733 38,954 4,279,023 5,863
96 31,179 2,195,691 62,733 38,796 4,317,819 5,863
97 34,297 2,229,988 62,733 38,636 4,356,455 6,156
98 34,297 2,264,285 62,733 38,476 4,394,931 6,156
99 34,297 2,298,583 62,733 38,314 4,433,245 6,156
100 34,297 2,332,880 62,733 38,151 4,471,396 6,156
101 34,297 2,367,178 62,733 37,987 4,509,384 6,156
102 34,297 2,401,475 62,733 37,822 4,547,206 6,156
103 34,297 2,435,772 62,733 37,656 4,584,862 6,156
104 34,297 2,470,070 62,733 37,489 4,622,351 6,156
105 34,297 2,504,367 62,733 37,321 4,659,672 6,156
106 34,297 2,538,665 62,733 37,151 4,696,823 6,156
107 34,297 2,572,962 62,733 36,981 4,733,804 6,156
108 34,297 2,607,260 62,733 36,809 4,770,613 6,156
109 37,727 2,644,987 62,733 36,636 4,807,250 6,464
110 37,727 2,682,714 62,733 36,462 4,843,712 6,464
111 37,727 2,720,441 62,733 36,287 4,879,999 6,464
112 37,727 2,758,168 62,733 36,111 4,916,110 6,464
113 37,727 2,795,895 62,733 35,933 4,952,044 6,464
114 37,727 2,833,623 62,733 35,755 4,987,798 6,464
115 37,727 2,871,350 62,733 35,575 5,023,373 6,464
116 37,727 2,909,077 62,733 35,394 5,058,767 6,464
117 37,727 2,946,804 62,733 35,212 5,093,979 6,464
118 37,727 2,984,531 62,733 35,028 5,129,007 6,464
119 37,727 3,022,258 62,733 34,843 5,163,850 6,464
120 37,727 3,059,986 62,733 34,657 5,198,508 6,464
121 41,500 3,101,485 62,733 34,470 5,232,978 6,787
122 41,500 3,142,985 62,733 34,282 5,267,260 6,787
123 41,500 3,184,485 62,733 34,092 5,301,352 6,787
124 41,500 3,225,985 62,733 33,901 5,335,254 6,787
125 41,500 3,267,485 62,733 33,709 5,368,963 6,787
126 41,500 3,308,985 62,733 33,516 5,402,478 6,787
127 41,500 3,350,485 62,733 33,321 5,435,799 6,787
128 41,500 3,391,985 62,733 33,125 5,468,924 6,787
129 41,500 3,433,484 62,733 32,927 5,501,851 6,787
130 41,500 3,474,984 62,733 32,729 5,534,580 6,787
131 41,500 3,516,484 62,733 32,529 5,567,108 6,787
132 41,500 3,557,984 62,733 32,327 5,599,435 6,787
133 45,650 3,603,634 62,733 32,125 5,631,560 7,126
134 45,650 3,649,284 62,733 31,920 5,663,480 7,126
135 45,650 3,694,934 62,733 31,715 5,695,196 7,126
136 45,650 3,740,584 62,733 31,508 5,726,704 7,126
137 45,650 3,786,233 62,733 31,300 5,758,004 7,126
138 45,650 3,831,883 62,733 31,091 5,789,094 7,126
139 45,650 3,877,533 62,733 30,880 5,819,974 7,126
140 45,650 3,923,183 62,733 30,667 5,850,641 7,126
141 45,650 3,968,833 62,733 30,453 5,881,095 7,126
142 45,650 4,014,483 62,733 30,238 5,911,333 7,126
143 45,650 4,060,133 62,733 30,022 5,941,355 7,126
144 45,650 4,105,782 62,733 29,804 5,971,158 7,126
145 50,215 4,155,997 62,733 29,584 6,000,742 7,483
146 50,215 4,206,212 62,733 29,363 6,030,105 7,483
147 50,215 4,256,427 62,733 29,141 6,059,246 7,483
148 50,215 4,306,642 62,733 28,917 6,088,162 7,483
149 50,215 4,356,857 62,733 28,691 6,116,854 7,483
150 50,215 4,407,072 62,733 28,464 6,145,318 7,483
151 50,215 4,457,286 62,733 28,236 6,173,554 7,483
152 50,215 4,507,501 62,733 28,006 6,201,560 7,483
153 50,215 4,557,716 62,733 27,774 6,229,334 7,483
154 50,215 4,607,931 62,733 27,541 6,256,875 7,483
155 50,215 4,658,146 62,733 27,307 6,284,182 7,483
156 50,215 4,708,361 62,733 27,070 6,311,252 7,483
157 55,236 4,763,597 62,733 26,833 6,338,085 7,857
158 55,236 4,818,833 62,733 26,593 6,364,678 7,857
159 55,236 4,874,070 62,733 26,352 6,391,031 7,857
160 55,236 4,929,306 62,733 26,110 6,417,140 7,857
161 55,236 4,984,542 62,733 25,866 6,443,006 7,857
162 55,236 5,039,779 62,733 25,620 6,468,626 7,857
163 55,236 5,095,015 62,733 25,373 6,493,999 7,857
164 55,236 5,150,251 62,733 25,123 6,519,122 7,857
165 55,236 5,205,488 62,733 24,873 6,543,995 7,857
166 55,236 5,260,724 62,733 24,620 6,568,615 7,857
167 55,236 5,315,960 62,733 24,366 6,592,981 7,857
168 55,236 5,371,197 62,733 24,110 6,617,092 7,857
169 60,760 5,431,957 62,733 23,853 6,640,945 8,250
170 60,760 5,492,717 62,733 23,594 6,664,539 8,250
171 60,760 5,553,477 62,733 23,333 6,687,871 8,250
172 60,760 5,614,237 62,733 23,070 6,710,942 8,250
173 60,760 5,674,997 62,733 22,806 6,733,747 8,250
174 60,760 5,735,757 62,733 22,540 6,756,287 8,250
175 60,760 5,796,517 62,733 22,272 6,778,559 8,250
176 60,760 5,857,277 62,733 22,002 6,800,560 8,250
177 60,760 5,918,037 62,733 21,730 6,822,291 8,250
178 60,760 5,978,797 62,733 21,457 6,843,748 8,250
179 60,760 6,039,557 62,733 21,182 6,864,930 8,250
180 60,760 6,100,316 62,733 20,905 6,885,834 8,250
181 66,836 6,167,152 62,733 20,626 6,906,460 8,662
182 66,836 6,233,988 62,733 20,345 6,926,806 8,662
183 66,836 6,300,824 62,733 20,063 6,946,868 8,662
184 66,836 6,367,660 62,733 19,778 6,966,647 8,662
185 66,836 6,434,496 62,733 19,492 6,986,138 8,662
186 66,836 6,501,332 62,733 19,204 7,005,342 8,662
187 66,836 6,568,168 62,733 18,913 7,024,255 8,662
188 66,836 6,635,004 62,733 18,621 7,042,876 8,662
189 66,836 6,701,840 62,733 18,327 7,061,204 8,662
190 66,836 6,768,676 62,733 18,031 7,079,235 8,662
191 66,836 6,835,512 62,733 17,733 7,096,968 8,662
192 66,836 6,902,348 62,733 17,433 7,114,401 8,662
193 73,520 6,975,868 62,733 17,131 7,131,532 9,095
194 73,520 7,049,387 62,733 16,827 7,148,359 9,095
195 73,520 7,122,907 62,733 16,521 7,164,880 9,095
196 73,520 7,196,426 62,733 16,213 7,181,093 9,095
197 73,520 7,269,946 62,733 15,903 7,196,996 9,095
198 73,520 7,343,466 62,733 15,591 7,212,587 9,095
199 73,520 7,416,985 62,733 15,276 7,227,863 9,095
200 73,520 7,490,505 62,733 14,960 7,242,823 9,095
201 73,520 7,564,024 62,733 14,641 7,257,464 9,095
202 73,520 7,637,544 62,733 14,321 7,271,785 9,095
203 73,520 7,711,063 62,733 13,998 7,285,783 9,095
204 73,520 7,784,583 62,733 13,673 7,299,457 9,095
205 80,872 7,865,454 62,733 13,346 7,312,803 9,550
206 80,872 7,946,326 62,733 13,017 7,325,820 9,550
207 80,872 8,027,198 62,733 12,685 7,338,505 9,550
208 80,872 8,108,069 62,733 12,352 7,350,857 9,550
209 80,872 8,188,941 62,733 12,016 7,362,873 9,550
210 80,872 8,269,812 62,733 11,678 7,374,551 9,550
211 80,872 8,350,684 62,733 11,337 7,385,888 9,550
212 80,872 8,431,555 62,733 10,995 7,396,883 9,550
213 80,872 8,512,427 62,733 10,650 7,407,533 9,550
214 80,872 8,593,298 62,733 10,303 7,417,836 9,550
215 80,872 8,674,170 62,733 9,953 7,427,789 9,550
216 80,872 8,755,041 62,733 9,601 7,437,390 9,550
217 88,959 8,844,000 62,733 9,247 7,446,637 10,028
218 88,959 8,932,959 62,733 8,890 7,455,528 10,028
219 88,959 9,021,917 62,733 8,532 7,464,059 10,028
220 88,959 9,110,876 62,733 8,170 7,472,229 10,028
221 88,959 9,199,835 62,733 7,806 7,480,036 10,028
222 88,959 9,288,793 62,733 7,440 7,487,476 10,028
223 88,959 9,377,752 62,733 7,072 7,494,548 10,028
224 88,959 9,466,711 62,733 6,701 7,501,248 10,028
225 88,959 9,555,669 62,733 6,327 7,507,575 10,028
226 88,959 9,644,628 62,733 5,951 7,513,526 10,028
227 88,959 9,733,587 62,733 5,572 7,519,099 10,028
228 88,959 9,822,545 62,733 5,191 7,524,290 10,028
229 97,855 9,920,400 62,733 4,808 7,529,098 10,529
230 97,855 10,018,254 62,733 4,422 7,533,519 10,529
231 97,855 10,116,109 62,733 4,033 7,537,552 10,529
232 97,855 10,213,964 62,733 3,642 7,541,194 10,529
233 97,855 10,311,818 62,733 3,248 7,544,441 10,529
234 97,855 10,409,673 62,733 2,851 7,547,292 10,529
235 97,855 10,507,527 62,733 2,452 7,549,744 10,529
236 97,855 10,605,382 62,733 2,050 7,551,794 10,529
237 97,855 10,703,236 62,733 1,645 7,553,440 10,529
238 97,855 10,801,091 62,733 1,238 7,554,678 10,529
239 97,855 10,898,945 62,733 828 7,555,506 10,529
240 97,855 10,996,800 62,733 415 7,555,921 10,529
241 107,640 11,104,440 62,733 0 7,555,921 11,055
242 107,640 11,212,080 62,733 0 7,555,921 11,055
243 107,640 11,319,720 62,733 0 7,555,921 11,055
244 107,640 11,427,360 62,733 0 7,555,921 11,055
245 107,640 11,535,000 62,733 0 7,555,921 11,055
246 107,640 11,642,640 62,733 0 7,555,921 11,055
247 107,640 11,750,280 62,733 0 7,555,921 11,055
248 107,640 11,857,920 62,733 0 7,555,921 11,055
249 107,640 11,965,560 62,733 0 7,555,921 11,055
250 107,640 12,073,200 62,733 0 7,555,921 11,055
251 107,640 12,180,840 62,733 0 7,555,921 11,055
252 107,640 12,288,480 62,733 0 7,555,921 11,055
253 118,404 12,406,884 62,733 0 7,555,921 11,608
254 118,404 12,525,288 62,733 0 7,555,921 11,608
255 118,404 12,643,692 62,733 0 7,555,921 11,608
256 118,404 12,762,096 62,733 0 7,555,921 11,608
257 118,404 12,880,500 62,733 0 7,555,921 11,608
258 118,404 12,998,904 62,733 0 7,555,921 11,608
259 118,404 13,117,308 62,733 0 7,555,921 11,608
260 118,404 13,235,712 62,733 0 7,555,921 11,608
261 118,404 13,354,116 62,733 0 7,555,921 11,608
262 118,404 13,472,520 62,733 0 7,555,921 11,608
263 118,404 13,590,924 62,733 0 7,555,921 11,608
264 118,404 13,709,328 62,733 0 7,555,921 11,608
265 130,244 13,839,572 62,733 0 7,555,921 12,189
266 130,244 13,969,817 62,733 0 7,555,921 12,189
267 130,244 14,100,061 62,733 0 7,555,921 12,189
268 130,244 14,230,305 62,733 0 7,555,921 12,189
269 130,244 14,360,550 62,733 0 7,555,921 12,189
270 130,244 14,490,794 62,733 0 7,555,921 12,189
271 130,244 14,621,039 62,733 0 7,555,921 12,189
272 130,244 14,751,283 62,733 0 7,555,921 12,189
273 130,244 14,881,527 62,733 0 7,555,921 12,189
274 130,244 15,011,772 62,733 0 7,555,921 12,189
275 130,244 15,142,016 62,733 0 7,555,921 12,189
276 130,244 15,272,261 62,733 0 7,555,921 12,189
277 143,269 15,415,530 62,733 0 7,555,921 12,798
278 143,269 15,558,798 62,733 0 7,555,921 12,798
279 143,269 15,702,067 62,733 0 7,555,921 12,798
280 143,269 15,845,336 62,733 0 7,555,921 12,798
281 143,269 15,988,605 62,733 0 7,555,921 12,798
282 143,269 16,131,874 62,733 0 7,555,921 12,798
283 143,269 16,275,143 62,733 0 7,555,921 12,798
284 143,269 16,418,411 62,733 0 7,555,921 12,798
285 143,269 16,561,680 62,733 0 7,555,921 12,798
286 143,269 16,704,949 62,733 0 7,555,921 12,798
287 143,269 16,848,218 62,733 0 7,555,921 12,798
288 143,269 16,991,487 62,733 0 7,555,921 12,798
289 157,596 17,149,082 62,733 0 7,555,921 13,438
290 157,596 17,306,678 62,733 0 7,555,921 13,438
291 157,596 17,464,274 62,733 0 7,555,921 13,438
292 157,596 17,621,870 62,733 0 7,555,921 13,438
293 157,596 17,779,465 62,733 0 7,555,921 13,438
294 157,596 17,937,061 62,733 0 7,555,921 13,438
295 157,596 18,094,657 62,733 0 7,555,921 13,438
296 157,596 18,252,253 62,733 0 7,555,921 13,438
297 157,596 18,409,848 62,733 0 7,555,921 13,438
298 157,596 18,567,444 62,733 0 7,555,921 13,438
299 157,596 18,725,040 62,733 0 7,555,921 13,438
300 157,596 18,882,635 62,733 0 7,555,921 13,438
301 173,355 19,055,991 62,733 0 7,555,921 14,110
302 173,355 19,229,346 62,733 0 7,555,921 14,110
303 173,355 19,402,701 62,733 0 7,555,921 14,110
304 173,355 19,576,057 62,733 0 7,555,921 14,110
305 173,355 19,749,412 62,733 0 7,555,921 14,110
306 173,355 19,922,767 62,733 0 7,555,921 14,110
307 173,355 20,096,122 62,733 0 7,555,921 14,110
308 173,355 20,269,478 62,733 0 7,555,921 14,110
309 173,355 20,442,833 62,733 0 7,555,921 14,110
310 173,355 20,616,188 62,733 0 7,555,921 14,110
311 173,355 20,789,544 62,733 0 7,555,921 14,110
312 173,355 20,962,899 62,733 0 7,555,921 14,110
313 190,691 21,153,590 62,733 0 7,555,921 14,815
314 190,691 21,344,281 62,733 0 7,555,921 14,815
315 190,691 21,534,971 62,733 0 7,555,921 14,815
316 190,691 21,725,662 62,733 0 7,555,921 14,815
317 190,691 21,916,353 62,733 0 7,555,921 14,815
318 190,691 22,107,044 62,733 0 7,555,921 14,815
319 190,691 22,297,735 62,733 0 7,555,921 14,815
320 190,691 22,488,426 62,733 0 7,555,921 14,815
321 190,691 22,679,116 62,733 0 7,555,921 14,815
322 190,691 22,869,807 62,733 0 7,555,921 14,815
323 190,691 23,060,498 62,733 0 7,555,921 14,815
324 190,691 23,251,189 62,733 0 7,555,921 14,815
325 209,760 23,460,949 62,733 0 7,555,921 15,556
326 209,760 23,670,709 62,733 0 7,555,921 15,556
327 209,760 23,880,469 62,733 0 7,555,921 15,556
328 209,760 24,090,228 62,733 0 7,555,921 15,556
329 209,760 24,299,988 62,733 0 7,555,921 15,556
330 209,760 24,509,748 62,733 0 7,555,921 15,556
331 209,760 24,719,508 62,733 0 7,555,921 15,556
332 209,760 24,929,268 62,733 0 7,555,921 15,556
333 209,760 25,139,028 62,733 0 7,555,921 15,556
334 209,760 25,348,788 62,733 0 7,555,921 15,556
335 209,760 25,558,548 62,733 0 7,555,921 15,556
336 209,760 25,768,308 62,733 0 7,555,921 15,556
337 230,736 25,999,044 62,733 0 7,555,921 16,334
338 230,736 26,229,780 62,733 0 7,555,921 16,334
339 230,736 26,460,515 62,733 0 7,555,921 16,334
340 230,736 26,691,251 62,733 0 7,555,921 16,334
341 230,736 26,921,987 62,733 0 7,555,921 16,334
342 230,736 27,152,723 62,733 0 7,555,921 16,334
343 230,736 27,383,459 62,733 0 7,555,921 16,334
344 230,736 27,614,195 62,733 0 7,555,921 16,334
345 230,736 27,844,931 62,733 0 7,555,921 16,334
346 230,736 28,075,667 62,733 0 7,555,921 16,334
347 230,736 28,306,403 62,733 0 7,555,921 16,334
348 230,736 28,537,139 62,733 0 7,555,921 16,334
349 253,809 28,790,948 62,733 0 7,555,921 17,151
350 253,809 29,044,757 62,733 0 7,555,921 17,151
351 253,809 29,298,567 62,733 0 7,555,921 17,151
352 253,809 29,552,376 62,733 0 7,555,921 17,151
353 253,809 29,806,186 62,733 0 7,555,921 17,151
354 253,809 30,059,995 62,733 0 7,555,921 17,151
355 253,809 30,313,805 62,733 0 7,555,921 17,151
356 253,809 30,567,614 62,733 0 7,555,921 17,151
357 253,809 30,821,424 62,733 0 7,555,921 17,151
358 253,809 31,075,233 62,733 0 7,555,921 17,151
359 253,809 31,329,043 62,733 0 7,555,921 17,151
360 253,809 31,582,852 62,733 0 7,555,921 17,151
Cum Maintenance Addn Savings FV of savings Cum FV
4,167 46,733 339,633 339,633
8,333 46,733 336,826 676,458
12,500 46,733 334,042 1,010,500
16,667 46,733 331,281 1,341,782
20,833 46,733 328,544 1,670,325
25,000 46,733 325,828 1,996,154
29,167 46,733 323,135 2,319,289
33,333 46,733 320,465 2,639,754
37,500 46,733 317,816 2,957,571
41,667 46,733 315,190 3,272,760
45,833 46,733 312,585 3,585,345
50,000 46,733 310,002 3,895,347
54,375 45,133 296,914 4,192,261
58,750 45,133 294,460 4,486,721
63,125 45,133 292,026 4,778,748
67,500 45,133 289,613 5,068,361
71,875 45,133 287,220 5,355,580
76,250 45,133 284,846 5,640,426
80,625 45,133 282,492 5,922,918
85,000 45,133 280,157 6,203,075
89,375 45,133 277,842 6,480,916
93,750 45,133 275,546 6,756,462
98,125 45,133 273,268 7,029,730
102,500 45,133 271,010 7,300,740
107,094 43,373 258,289 7,559,029
111,688 43,373 256,155 7,815,184
116,281 43,373 254,038 8,069,221
120,875 43,373 251,938 8,321,159
125,469 43,373 249,856 8,571,015
130,063 43,373 247,791 8,818,807
134,656 43,373 245,743 9,064,550
139,250 43,373 243,712 9,308,262
143,844 43,373 241,698 9,549,960
148,438 43,373 239,701 9,789,661
153,031 43,373 237,720 10,027,380
157,625 43,373 235,755 10,263,135
162,448 41,437 223,370 10,486,506
167,272 41,437 221,524 10,708,030
172,095 41,437 219,694 10,927,724
176,919 41,437 217,878 11,145,601
181,742 41,437 216,077 11,361,679
186,566 41,437 214,292 11,575,970
191,389 41,437 212,521 11,788,491
196,213 41,437 210,764 11,999,255
201,036 41,437 209,022 12,208,277
205,859 41,437 207,295 12,415,572
210,683 41,437 205,582 12,621,154
215,506 41,437 203,883 12,825,036
220,571 39,307 191,806 13,016,842
225,635 39,307 190,221 13,207,063
230,700 39,307 188,649 13,395,712
235,765 39,307 187,090 13,582,801
240,829 39,307 185,543 13,768,345
245,894 39,307 184,010 13,952,355
250,959 39,307 182,489 14,134,844
256,023 39,307 180,981 14,315,825
261,088 39,307 179,485 14,495,311
266,152 39,307 178,002 14,673,313
271,217 39,307 176,531 14,849,844
276,282 39,307 175,072 15,024,916
281,599 36,965 163,278 15,188,193
286,917 36,965 161,928 15,350,122
292,235 36,965 160,590 15,510,712
297,553 36,965 159,263 15,669,975
302,871 36,965 157,947 15,827,922
308,189 36,965 156,641 15,984,563
313,506 36,965 155,347 16,139,910
318,824 36,965 154,063 16,293,973
324,142 36,965 152,790 16,446,763
329,460 36,965 151,527 16,598,290
334,778 36,965 150,275 16,748,564
340,096 36,965 149,033 16,897,597
345,679 34,388 137,498 17,035,095
351,263 34,388 136,362 17,171,456
356,847 34,388 135,235 17,306,691
362,431 34,388 134,117 17,440,808
368,014 34,388 133,009 17,573,817
373,598 34,388 131,909 17,705,726
379,182 34,388 130,819 17,836,545
384,765 34,388 129,738 17,966,283
390,349 34,388 128,666 18,094,949
395,933 34,388 127,602 18,222,551
401,517 34,388 126,548 18,349,099
407,100 34,388 125,502 18,474,601
412,963 31,554 114,206 18,588,807
418,826 31,554 113,262 18,702,068
424,689 31,554 112,326 18,814,394
430,552 31,554 111,397 18,925,791
436,415 31,554 110,477 19,036,268
442,278 31,554 109,564 19,145,832
448,141 31,554 108,658 19,254,490
454,004 31,554 107,760 19,362,250
459,867 31,554 106,870 19,469,120
465,730 31,554 105,986 19,575,106
471,593 31,554 105,110 19,680,217
477,455 31,554 104,242 19,784,458
483,612 28,436 93,165 19,877,623
489,768 28,436 92,395 19,970,018
495,924 28,436 91,631 20,061,649
502,080 28,436 90,874 20,152,523
508,236 28,436 90,123 20,242,646
514,392 28,436 89,378 20,332,024
520,548 28,436 88,639 20,420,664
526,704 28,436 87,907 20,508,571
532,860 28,436 87,180 20,595,751
539,016 28,436 86,460 20,682,211
545,172 28,436 85,745 20,767,957
551,328 28,436 85,037 20,852,993
557,792 25,006 74,162 20,927,155
564,256 25,006 73,549 21,000,704
570,720 25,006 72,941 21,073,646
577,184 25,006 72,338 21,145,984
583,648 25,006 71,741 21,217,725
590,111 25,006 71,148 21,288,873
596,575 25,006 70,560 21,359,432
603,039 25,006 69,977 21,429,409
609,503 25,006 69,398 21,498,807
615,967 25,006 68,825 21,567,632
622,431 25,006 68,256 21,635,888
628,895 25,006 67,692 21,703,580
635,682 21,233 57,004 21,760,584
642,469 21,233 56,533 21,817,117
649,256 21,233 56,066 21,873,182
656,043 21,233 55,602 21,928,784
662,830 21,233 55,143 21,983,927
669,617 21,233 54,687 22,038,614
676,404 21,233 54,235 22,092,849
683,191 21,233 53,787 22,146,636
689,978 21,233 53,342 22,199,978
696,765 21,233 52,901 22,252,880
703,552 21,233 52,464 22,305,344
710,339 21,233 52,031 22,357,375
717,466 17,083 41,515 22,398,890
724,592 17,083 41,172 22,440,062
731,719 17,083 40,832 22,480,894
738,845 17,083 40,495 22,521,389
745,971 17,083 40,160 22,561,549
753,098 17,083 39,828 22,601,377
760,224 17,083 39,499 22,640,876
767,351 17,083 39,172 22,680,048
774,477 17,083 38,849 22,718,897
 781,603 17,083 38,528 22,757,424
788,730 17,083 38,209 22,795,633
795,856 17,083 37,893 22,833,527
803,339 12,518 27,538 22,861,065
810,822 12,518 27,310 22,888,375
818,305 12,518 27,085 22,915,460
825,787 12,518 26,861 22,942,321
833,270 12,518 26,639 22,968,959
840,753 12,518 26,419 22,995,378
848,235 12,518 26,200 23,021,579
855,718 12,518 25,984 23,047,562
863,201 12,518 25,769 23,073,331
870,684 12,518 25,556 23,098,888
878,166 12,518 25,345 23,124,232
885,649 12,518 25,135 23,149,368
893,506 7,497 14,928 23,164,296
901,363 7,497 14,805 23,179,101
909,220 7,497 14,683 23,193,784
917,077 7,497 14,561 23,208,345
924,933 7,497 14,441 23,222,786
932,790 7,497 14,322 23,237,107
940,647 7,497 14,203 23,251,311
948,504 7,497 14,086 23,265,396
956,361 7,497 13,969 23,279,366
964,218 7,497 13,854 23,293,220
972,075 7,497 13,739 23,306,959
979,932 7,497 13,626 23,320,585
988,181 1,973 3,557 23,324,142
996,431 1,973 3,527 23,327,669
1,004,681 1,973 3,498 23,331,167
1,012,930 1,973 3,469 23,334,636
1,021,180 1,973 3,440 23,338,076
1,029,430 1,973 3,412 23,341,488
1,037,680 1,973 3,384 23,344,872
1,045,929 1,973 3,356 23,348,228
1,054,179 1,973 3,328 23,351,556
1,062,429 1,973 3,301 23,354,856
1,070,678 1,973 3,273 23,358,130
1,078,928 1,973 3,246 23,361,376
1,087,590 - - 23,361,376
1,096,253 - - 23,361,376
1,104,915 - - 23,361,376
1,113,577 - - 23,361,376
1,122,239 - - 23,361,376
1,130,901 - - 23,361,376
1,139,564 - - 23,361,376
1,148,226 - - 23,361,376
1,156,888 - - 23,361,376
1,165,550 - - 23,361,376
1,174,212 - - 23,361,376
1,182,875 - - 23,361,376
1,191,970 - - 23,361,376
1,201,065 - - 23,361,376
1,210,161 - - 23,361,376
1,219,256 - - 23,361,376
1,228,351 - - 23,361,376
1,237,446 - - 23,361,376
1,246,542 - - 23,361,376
1,255,637 - - 23,361,376
1,264,732 - - 23,361,376
1,273,828 - - 23,361,376
1,282,923 - - 23,361,376
1,292,018 - - 23,361,376
1,301,568 - - 23,361,376
1,311,118 - - 23,361,376
1,320,669 - - 23,361,376
1,330,219 - - 23,361,376
1,339,769 - - 23,361,376
1,349,319 - - 23,361,376
1,358,869 - - 23,361,376
1,368,419 - - 23,361,376
1,377,969 - - 23,361,376
1,387,519 - - 23,361,376
1,397,069 - - 23,361,376
1,406,619 - - 23,361,376
1,416,647 - - 23,361,376
1,426,674 - - 23,361,376
1,436,702 - - 23,361,376
1,446,730 - - 23,361,376
1,456,757 - - 23,361,376
1,466,785 - - 23,361,376
1,476,812 - - 23,361,376
1,486,840 - - 23,361,376
1,496,867 - - 23,361,376
1,506,895 - - 23,361,376
1,516,923 - - 23,361,376
1,526,950 - - 23,361,376
1,537,479 - - 23,361,376
1,548,008 - - 23,361,376
1,558,537 - - 23,361,376
1,569,066 - - 23,361,376
1,579,595 - - 23,361,376
1,590,124 - - 23,361,376
1,600,653 - - 23,361,376
1,611,182 - - 23,361,376
1,621,711 - - 23,361,376
1,632,240 - - 23,361,376
1,642,769 - - 23,361,376
1,653,298 - - 23,361,376
1,664,353 - - 23,361,376
1,675,409 - - 23,361,376
1,686,464 - - 23,361,376
1,697,519 - - 23,361,376
1,708,575 - - 23,361,376
1,719,630 - - 23,361,376
1,730,686 - - 23,361,376
1,741,741 - - 23,361,376
1,752,796 - - 23,361,376
1,763,852 - - 23,361,376
1,774,907 - - 23,361,376
1,785,963 - - 23,361,376
1,797,571 - - 23,361,376
1,809,179 - - 23,361,376
1,820,787 - - 23,361,376
1,832,395 - - 23,361,376
1,844,003 - - 23,361,376
1,855,612 - - 23,361,376
1,867,220 - - 23,361,376
1,878,828 - - 23,361,376
1,890,436 - - 23,361,376
1,902,044 - - 23,361,376
1,913,653 - - 23,361,376
1,925,261 - - 23,361,376
1,937,449 - - 23,361,376
1,949,638 - - 23,361,376
1,961,826 - - 23,361,376
1,974,015 - - 23,361,376
1,986,204 - - 23,361,376
1,998,392 - - 23,361,376
2,010,581 - - 23,361,376
2,022,769 - - 23,361,376
2,034,958 - - 23,361,376
2,047,147 - - 23,361,376
2,059,335 - - 23,361,376
2,071,524 - - 23,361,376
2,084,322 - - 23,361,376
2,097,120 - - 23,361,376
2,109,918 - - 23,361,376
2,122,716 - - 23,361,376
2,135,514 - - 23,361,376
2,148,312 - - 23,361,376
2,161,110 - - 23,361,376
2,173,908 - - 23,361,376
2,186,706 - - 23,361,376
2,199,504 - - 23,361,376
2,212,302 - - 23,361,376
2,225,100 - - 23,361,376
2,238,538 - - 23,361,376
2,251,976 - - 23,361,376
2,265,414 - - 23,361,376
2,278,852 - - 23,361,376
2,292,290 - - 23,361,376
2,305,727 - - 23,361,376
2,319,165 - - 23,361,376
2,332,603 - - 23,361,376
2,346,041 - - 23,361,376
2,359,479 - - 23,361,376
2,372,917 - - 23,361,376
2,386,355 - - 23,361,376
2,400,465 - - 23,361,376
2,414,575 - - 23,361,376
2,428,684 - - 23,361,376
2,442,794 - - 23,361,376
2,456,904 - - 23,361,376
2,471,014 - - 23,361,376
2,485,124 - - 23,361,376
2,499,233 - - 23,361,376
2,513,343 - - 23,361,376
2,527,453 - - 23,361,376
2,541,563 - - 23,361,376
2,555,673 - - 23,361,376
2,570,488 - - 23,361,376
2,585,303 - - 23,361,376
2,600,119 - - 23,361,376
2,614,934 - - 23,361,376
2,629,749 - - 23,361,376
2,644,565 - - 23,361,376
2,659,380 - - 23,361,376
2,674,195 - - 23,361,376
2,689,010 - - 23,361,376
2,703,826 - - 23,361,376
2,718,641 - - 23,361,376
2,733,456 - - 23,361,376
2,749,012 - - 23,361,376
2,764,568 - - 23,361,376
2,780,125 - - 23,361,376
2,795,681 - - 23,361,376
2,811,237 - - 23,361,376
2,826,793 - - 23,361,376
2,842,349 - - 23,361,376
2,857,905 - - 23,361,376
2,873,461 - - 23,361,376
2,889,017 - - 23,361,376
2,904,573 - - 23,361,376
2,920,129 - - 23,361,376
2,936,463 - - 23,361,376
2,952,797 - - 23,361,376
2,969,131 - - 23,361,376
2,985,465 - - 23,361,376
3,001,798 - - 23,361,376
3,018,132 - - 23,361,376
3,034,466 - - 23,361,376
3,050,800 - - 23,361,376
3,067,134 - - 23,361,376
3,083,468 - - 23,361,376
3,099,802 - - 23,361,376
3,116,136 - - 23,361,376
3,133,286 - - 23,361,376
3,150,437 - - 23,361,376
3,167,587 - - 23,361,376
3,184,738 - - 23,361,376
3,201,888 - - 23,361,376
3,219,039 - - 23,361,376
3,236,190 - - 23,361,376
3,253,340 - - 23,361,376
3,270,491 - - 23,361,376
3,287,641 - - 23,361,376
3,304,792 - - 23,361,376
3,321,942 - - 23,361,376