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EMI and Repayment Schedule
EMI and Repayment Schedule
Future Value (FV) = Present Value (PV) x Future Value Interest Factor (FVIF)
FVIF = (1+r)^n
Where;
r = rate or return 0.13 or 13%
n = time period of investment (years) 5
Present Value (PV) Rs.in Lacks = 20
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