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Equated Annual Installment = Loan Amount/PVIF(Interest&Time Period)
Ex : Loan Amount Rs. 5,00,000
Interest Rate 8%
Time period 5 equal instalments
The Answer will be EAI = 5,00,000/PVIF(8%.5)
This Implies EAI = 5,00,000/3.9927
The Answer will be EAI = 1,25,228.20
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