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Required amount current amount Interest rate Month interst EMI Number of months 250000 35000 6% compounded monthly .50% 0 60 future value of investment = 250000 Future value of investment will be future value of 35000 + EMI futur Future value of 35000 = 35000/(1+0.005) 460 25948 EMI future value will be A *((1+r)^n - 1)/r A*(1.005460-1)/0.005 A* 69.77 69.77 *A +25948 = 250000 A will be 3211.3 per month
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