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This document discusses formulas for calculating interest on loans using the principles of present value, future value, equivalent monthly installment, and current yield. It includes the formulas for present value, future value, equivalent monthly installment, and defines current yield and current market price.
This document discusses formulas for calculating interest on loans using the principles of present value, future value, equivalent monthly installment, and current yield. It includes the formulas for present value, future value, equivalent monthly installment, and defines current yield and current market price.
This document discusses formulas for calculating interest on loans using the principles of present value, future value, equivalent monthly installment, and current yield. It includes the formulas for present value, future value, equivalent monthly installment, and defines current yield and current market price.