Building Block

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Building Block

Postby Akshays050793 » Sat May 31, 2014 7:47 pm

My name is Akshay Sharma, i am pursuing CA Final from Indore and i am registered with your centre in Indore.

I am having a query in context of housing finance which you taught us in class while Building Block session.

If we have to calculate EMI for 8years
No. of Installments---

X*PVAF(1%,96) = 1,80,00,000
X= 1,80,00,000/ PVAF (1%,96)

Then how are we going to calculate Annuity factor for 96 months. on calci

I remember you shared one shortcut
so i will be very grateful if you share that short cut once again.

Thanks and Regards
Akshay Sharma
Posts: 2
Joined: Sat May 31, 2014 6:11 pm

Re: Building Block

Postby administrator » Sat Jun 07, 2014 11:45 am

There is a direcr formula for the present value annuity factor I.e. PVAF = 1/i {1-1/(1+i)^n}
Posts: 3
Joined: Sat May 17, 2014 2:54 pm

Re: Building Block

Postby Akshays050793 » Mon Jun 09, 2014 11:05 pm

Thank you for the reply sir.
Posts: 2
Joined: Sat May 31, 2014 6:11 pm

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