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Name : D P Maheshwari
Subject: Calculation of Interest
Message : Calculation of interest depends on the vaious loans differently:
Say in Fixed deposit of a bank and NBFC it is simple: PTR /100
But if compounding and interest is paid with principal after the maturity then differently worked out.
But the finance leasing company charges interest on car finance differently on flat rate basis on principle. their IRR will be different;
u may see ms excell and read financial wizard for such calculations.


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